Monthly Tax Payment definition

Monthly Tax Payment defined in Section 4.3. NAICS: defined in Section 11.9.

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Monthly Tax Payment defined in Section 4.3. Monument: defined in Section 33.1 (a). NAICS: defined in Section 11.9.

Monthly Tax Payment defined in Section 4.3.

Examples of Monthly Tax Payment in a sentence

• Tenant’s first Monthly Tax Payment after receipt of Landlord’s Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such Lease Year.

• The Monthly Tax Payment Estimate for a period less than a full calendar month shall be duly prorated.

• Landlord shall not have the right to require Tenant to commence Tenant’s payment of the Monthly Tax Payment Amount for a particular Tax Year earlier than the one hundred fiftieth (150th) day of the immediately preceding Tax Year.

• Tenant shall pay the Monthly Tax Payment Amount to Landlord in the same manner as the monthly installments of the Fixed Rent hereunder.

• If the Term expires prior to the Tax Expense Share Date for the applicable Tax Year and if Tenant’s payments of Monthly Tax Payment Estimate either exceed or are less than Tenant’s Tax Payment, Landlord shall send the Tax Statement to Tenant, and an appropriate payment from Tenant to Landlord or refund from Landlord to Tenant shall be made on the Tax Expense Share Date.

• If the Term expires prior to the Tax Expense Share Date for the applicable Tax Year and if Tenant’s payments of Monthly Tax Payment Estimate either exceed or are less than Tenant’s Tax Payment, Landlord shall send the Tax Statement to Tenant, and an appropriate payment from Tenant to Landlord or refund from Landlord to Tenant shall he made on the Tax Expense Share Date.

• If Landlord gives (or is deemed to have given) to Tenant a Prospective Tax Statement, then, subject to the terms of this Section 2.6(B), Tenant shall pay to Landlord, as additional rent, on account of the Tax Payment due hereunder for such Tax Year, the Monthly Tax Payment Amount, on the first (1st) day of each subsequent calendar month until Tenant has paid to Landlord, pursuant to this Section 2.6(B), the full amount of the Tax Payment as so estimated in the Prospective Tax Statement.

• Tenant’s first Monthly Tax Payment after receipt of Landlord’s Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such Lease Year (the “Tax Differential”).

• LESSEE'S first Monthly Tax Payment after receipt of LESSOR'S Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the calendar year which shall have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by LESSEE on account of its obligation under Section 4.1 of this Lease for such calendar year.

• The amount of each Monthly Tax Payment shall be determined by reference to the Monthly Tax Payment for the corresponding calendar month of the previous Lease Year, as adjusted to reflect any reassessment, tax increase or change of due date therefor of which Tenant has received Notice from Landlord at least twenty (20) days prior to the date on which such Monthly Tax Payment is due and payable.

More Definitions of Monthly Tax Payment

Monthly Tax Payment means the monthly sum of $9,496.83, or such increased amount which shall result from any recomputation thereof under Section A-4.02.

Monthly Tax Payment means an amount equal to one-twelfth (1/12th) of one hundred five percent (105%) of the amount that was required to pay Taxes on the last occurring Tax Discount Date (as such base amount is adjusted by Mortgagee, in its sole but reasonable determination, to take into account known or anticipated changes that will affect the amount of Taxes due on the next occurring Tax Discount Date, including, without limitation, changes in tax rates, special assessments, and adjustments in assessed values); (ii) the term "Monthly Insurance Premium Payment" shall mean an amount equal to one-twelfth (1/12th) of one hundred five percent (105%) of the amount that was required to pay Insurance Premiums on the date when such Insurance Premiums were last due (as such base amount is adjusted by Mortgagee, in its sole but reasonable determination, to take into account known or anticipated changes that will affect the amount of Insurance Premiums next due, including, without limitation, changes in replacement values and premium rates); (iii) the term "Monthly Reserve Payment" shall mean an amount equal to one-twelfth (1/12th) of (A) twice the sum of the then required Monthly Tax Payment and the then required Monthly Insurance Premium Payment less (B) the balance of the Escrow Reserve Funds (as hereinafter defined) at the time of Mortgagee's last periodic analysis thereof; and (iv) the term "Monthly Escrow Payment" shall mean the sum of the Monthly Tax Payment, Monthly Insurance Payment, and Monthly Reserve Payment then required by Mortgagee.

Monthly Tax Payment shall have the meaning given to such term in Section 4.3(c) hereof.

Monthly Tax Payment shall have the meaning set forth in Section 7.2.1(c) hereof.

Monthly Tax Payment defined in Section 4.3. Mortgage: defined in Section 23.1(a).

Monthly Tax Payment shall have the meaning given such term in Section 3.3 of this Lease.