Tax Costs

Tax Costs. Means all real estate taxes, levies, charges, and installments of assessments (including interest on deferred assessments) assessed, levied or imposed on, or allocated to, the Land and Building and all attorneys' fees, witness fees, court costs and other expenses of Lessor in connection with any proceeding to contest these amounts. If any taxes, special assessments, fees or other charges are ... imposed against Lessor by any governmental unit or agency with respect to rentals under this Lease, they shall be included in Tax Costs. Notwithstanding the foregoing provisions of this Section, the following items shall be excluded in computing Tenant's share of Tax Costs applicable to the Premises: 5 6 (1) Any state, local, federal, personal or corporate income tax measured by the income of Landlord, unless and to the extent imposed in lieu of real estate taxes. (2) Any estate or inheritance taxes, unless and to the extent imposed in lieu of real estate taxes. (3) Any franchise, succession or transfer taxes. (4) Interest on taxes or penalties resulting from Lessor's failure to pay taxes. View More

Tax Costs. Means all real estate taxes, levies, and charges due and payable, and installments of special assessments (including interest on deferred assessments) assessed, levied or imposed on, or allocated to, the Land and Building and all reasonable attorneys' fees, consultants' fees, witness fees, court costs and other expenses of Lessor in connection with any proceeding to contest these amounts. Notwithstanding the aforementioned, the amount of special assessments attributable to assessments which are... pending or levied as of the date of this Lease on a pro-rata basis for the Premises will not exceed the following numbers: 2003 $ "*" 2004 $ "*" 2005 $ "*" 2006 $ "*" 2007 $ "*" 2008 $ "*" 2009 $ "*" 2010 $ "*" 2011 $ "*" 2012 $ "*" 2013 $ "*" The above-mentioned limits are based upon a Premises square footage of 32,742 at 11.30672008% Tenant's Share, and the limits will be adjusted accordingly when the final Premises square footage is established. If the square footage and limits are adjusted, the Parties will execute an amendment to this Lease to reflect the adjustment. The above-listed special assessment costs attributable to the Premises Tax costs for Tenant will be 50% of the amount set forth above, and Lessor will be responsible for the remaining 50%. Tax Costs shall specifically not include real estate taxes or other governmental charges on the second-story parking ramp located above the Premises. 2003 Tax Costs are estimated to be* per usable square foot. Upon request, Lessor shall furnish Tenant with Lessor's calculations of applicable Tax Costs for any year of the Lease Term for Tenant's review. View More