Tax Payment definition
Examples of Tax Payment in a sentence
Tenant’s obligation to pay any underpayment of Tenant’s Tax Payment and ▇▇▇▇▇▇’s Expense Payment as provided in this Article 4, and Landlord’s obligation to refund any overpayment of Tenant’s Tax Payment and ▇▇▇▇▇▇’s Expense Payment under this Article 4, shall survive the expiration or earlier termination of the Term.
In no event shall any refund or credit due to Tenant hereunder exceed ▇▇▇▇▇▇’s Tax Payment paid by Tenant for such particular Tax Year.
If this Lease shall commence on a day other than the first day of a calendar year or calendar year, or shall terminate on a day other than the last day of a calendar year, then Tenant’s Tax Payment and/or Tenant’s Expense Payment shall be prorated on the basis of the number of days within such calendar year falling within the Term.
Prior to or with reasonable promptness after the beginning of each tax year, Landlord shall endeavor to submit a statement to Tenant (the “Tax Statement”) setting forth Landlord's good faith estimate of ▇▇▇▇▇▇'s Tax Payment for the Operating Period (the “Tax Estimate”).
Tenant’s Tax Payment shall be payable monthly in advance on or before the first day of each calendar month during the Term, in an amount equal to one-twelfth (1/12th) of Tenant’s Tax Payment as shown in such Tax Statement for such Operating Period until further adjustment may be made pursuant to this paragraph.