Common use of Common Area Charge Clause in Contracts

Common Area Charge. All Taxes which are levied or assessed or which become a lien upon any portion of the Project or which become due or accrue during the Lease Term shall be a Common Area Charge, and Tenant shall pay as Additional Rent each month during the Lease Term 1/12th of the Tenant’s percentage share of the annual amount of such Taxes, based on Landlord’s estimate thereof, pursuant to Paragraph 11 below. Tenant’s share of Taxes during any partial tax fiscal year(s) within the Lease Term shall be prorated according to the ratio which the number of days during the Lease Term during such year bears to 365.

Common Area Charge. All Taxes which are levied or assessed or which become a lien upon any portion of the Project or which become due or accrue during the Lease Term shall be a Common Area Charge, and Tenant shall pay as Additional Rent each month during the Lease Term 1/12th of the Tenant’s percentage its annual share of the annual amount of such Taxes, based on Landlord’s 's estimate thereof, pursuant to Paragraph 11 12 below. Tenant’s 's share of Taxes during any partial tax fiscal year(s) within the Lease Term shall be prorated according to the ratio which the number of days during the Lease Term during such year bears to 365.