HomeMy WebLinkAbout1136 CP /kc -
"35. lil As further reaul 1xr~ and subj~+ct to all th~ protiisians oi this Lcase, the Ten-
ani shaU pay m tbe Landlord in tbe mannrr he~naiter pros-ided all ga~er.~l real estate taxes m exoess
od tbe amoimt of such tauces ks-ied during the 3rd fu11 assessmeat ~-ear (tx~rinafur callcd d~e "bast
.~r ~nst T~ant•~ stor~ auildmg onts ibut noc tbe lana a~emu,au~ loc~t~a «t Pame] 2~0. 1 ot
the danised pmemisea For the purpose of this pa~ragraph the "ba.se ~-ear" shall mean the 3rd }^tar in
..hich taxea are leried s~o~ thc mtirt Shapping Ceater inTh improf~ed in aocordanoe w~iih th~ ta~ms of
this l..ez9e :~aZirnt >aid incrraaYd g~eral real e~ate taxes shall be dn~ and paS-ab~e aanualh b~ Lbe
Taaant thirtr ( 301 da~ s after rooeipt b~• the Tenant of a tax biIl indicauing thereoa soch increased grn-
eral rral estate tax~ in rxo~ of snd~ taxes kried during said "ba.9e ~-ear". If the tatn of this I.ea.9e
s~i~alt terauaatr at an~• tiax other than ihe last da~ o~ a ta~c year { as defin~d b~ the 1oca1 taxing anthor-
it~ Teaant's abligatioa under this Sectiaa 35. shall be pro-rated on th~ basis oi thr number of months
a~ the thrn currr.~t t-.~: ~~ear ~uring „-hich Teaant shaU be o~igated to pa~ fi~ed rrnt und~r Settion 4.
i, a) of this I.ease :~gs~eanent
••35. (b~ It is imderntood. how~ever. that nothiag heran shall be deenxd to require pa.rmeat
D~ the Tl~iat O2 aIl\~ 171~[Dt. fiaDCtllse. w'af, [D]pOratiOQ. I~ICTitanOe, ~t~ Olut1~, glft O' eSLatt ta7c bf
M•hatsoever aushoritr impored ar how•soea~er designated. or anr tax upon the sale, transfer and;
or an~
a;signmeat of the ntk or estatc of the Iandlord which at anr time mar be asscsseci agauist or beooa~e a
liea upan Paro~] I~o. 1~ ttu demised premises. this leasdwld or the rcntals accrumg therefrom.
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„35. ~c ~ The Tenant agrees to pa~• its share of al] ta~ces required to be paid bti it hereunder.
E prfl~-ided howrver. that if the Trnant in good faith shall desirt to contest the ~aliditt• or the amount of
~ anr tax hcrein agreed to be paid b.- i~ the Teaai~t shall notifi the Iandlord in v?-ritiag of its inteatian
~ so to do and thc i.wdlord s~all thveupon defer the pa~inmt of an~ such ta~: so loog as the ~-alidity or
~ amo~mt of a~ ~ch rax shall be contested b~ the Tenant m good faith and b~ appmpriate praoeedings.
Laadio~d ~grees, at ~ espmse w the Iaadbrd, to rmder to the Twant aIl assistanoe rasonaNy
possibk, ia caat~ing the ~liditc or amatmt of a~ snch ta~c, u~c}udm8 loin~ng m and signing of avy
protests or pJeadings. v~hich the 'Tenaat mar dee~n it ad~-isabk to fi~e. The Te~ant expreul~ agrees that
during anr s~xh omtest, it vr7: prcvent not anl~ anp di~•cstmg thereby of the I.audlord's titie, reversioa
or otber iatr.rest m and to tlx draii9ed premises. but also aa~ forldture, foreclo~rc or saie of an} tax lim
or mostg-age dr~ault ior ;he naa-pa.~nmt oE the taxes vrhirh are the subj~d of snch co~test. The Teaant
iuzther a~~ree.s that snd~ tont~st shall be pros~uted to a fiaal oonclusion as speedil~ as possible aad that
it w-~ save the I.andlord t~rmkss agaiasY ans and ali losses, jndg~nents, ~xrets. oosis, peaalties, inta-
est and 2im fers, in ca~ian therc~w ith_ It is agreed that shoiild an}- rebate b~ made ~ aocaunt of aa~•
ta~~s paid hc tbe Teaaa~, then thc amount of such rebatr sha1l belong to and be paid to the Ta~aat, ex-
crpc that an~- rebate m exoess of the amovnt oi taxes paid or parable b}• the Trnant shall belaag to the
~ i.andlord.
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~ "3~, (d) The Te~ant ma~• dednct fram perceatage rwt pa~abie under the pro~-isioas of Sec-
uosi 4. t. b~ hveof far r~ch percmtagt r«rt period all ~ces paid b}- ?eaant under the prv~-isicm~ ai this
~ Se~ction 3~. c}uring snc~ pes~ntage reai period. Sbould Lan~lord fail to funish a tax bill on or before
~ ihe dau an whicb Teaaai s~all be required to par perceatage rcnt puzsuaat to the provisions oi said
~ jectit~ 4. !?b~ in aav o~e ptrceatage rc~t period, TrnanS mac ~r~stpune t}x pa.-inent uf percentage rrni
~ ior svc~ pesomtage reat period until t}urt.• (30) da~•s iolio..-me the date cm w-hich 1,..andiuzd furnishes
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