Common use of As of the Commencement Date Clause in Contracts

As of the Commencement Date. From and after the Commencement Date of this Lease and until such time, if ever, as the Premises becomes a separate, subdivided parcel of land in accordance with applicable laws, the “Tenant’s Share” of real estate taxes and other assessments (including, without limitation, Association Fees as defined in Section 26.3) shall be determined as follows: (a) With respect to the real estate tax b▇▇▇, the assessment upon which each jurisdiction’s tax rate is applied (county, state, special area) shall be separated into the Assessed Value — Land (defined below) and the Assessed Value — Improvements (defined below). (i) Tenant’s Share of the Assessed Value — Land shall be determined by multiplying the total Assessed Value — Land by a fraction, the numerator of which is the Premises Built FAR (defined below) and the denominator of which is the Total Traville — FAR (defined below). (ii) Tenant’s Share of the Assessed Value — Improvements shall be determined by multiplying the total Assessed Value — Improvements by a fraction, the numerator of which is the Relative Premises Improvements Value (defined below) and the denominator of which is the Assessed Value — Improvements. (iii) Tenant’s Share of any other service charges set forth on such property tax b▇▇▇, the service charges shall be determined by multiplying the total service charges by a fraction, the numerator of which is the Premises Built FAR and the denominator of which is the Total Built FAR. (b) With respect to any other assessments, including, without limitation, Association Fees, Tenant’s Share shall be determined by multiplying the amount of such assessment payable on account of the Traville Site by a fraction, the numerator of which is the Premises Built FAR and the denominator of which is the Total Traville FAR.

As of the Commencement Date. From and after the Commencement Date of this Lease and until such time, if ever, as the Premises becomes a separate, subdivided parcel of land in accordance with applicable laws, the “Tenant’s Share” of real estate taxes and other assessments (including, without limitation, Association Fees as defined in Section 26.3) shall be determined as follows: (a) With respect to the real estate tax b▇▇▇, the assessment upon which each jurisdiction’s tax rate is applied (county, state, special area) shall be separated into the Assessed Value — – Land (defined below) and the Assessed Value — – Improvements (defined below). (i) Tenant’s Share of the Assessed Value — – Land shall be determined by multiplying the total Assessed Value — – Land by a fraction, the numerator of which is the Premises Built FAR (defined below) and the denominator of which is the Total Traville — – FAR (defined below). (ii) Tenant’s Share of the Assessed Value — – Improvements shall be determined by multiplying the total Assessed Value — – Improvements by a fraction, the numerator of which is the Relative Premises Improvements Value (defined below) and the denominator of which is the Assessed Value — – Improvements. (iii) Tenant’s Share of any other service charges set forth on such property tax b▇▇▇, the service charges shall be determined by multiplying the total service charges by a fraction, the numerator of which is the Premises Built FAR and the denominator of which is the Total Built FAR. (b) With respect to any other assessments, including, without limitation, Association Fees, Tenant’s Share shall be determined by multiplying the amount of such assessment payable on account of the Traville Site by a fraction, the numerator of which is the Premises Built FAR and the denominator of which is the Total Traville FAR.