Common use of Separate Assessment Clause in Contracts

Separate Assessment. If the Leased Premises are assessed separately by the county assessor or other taxing agency, Lessee shall pay to such agency at least ten (10) days prior to the date when such Taxes would be delinquent, all Real Property Taxes as hereinabove defined applicable to the Leased Premises or arising under Section 7.1 above. In the event the Leased Premises share parking and Common Areas with other premises, the provisions of Section 7.4 below shall apply to Taxes thereon.

Separate Assessment. If the Leased Premises are assessed separately by the county assessor or other taxing agency, Lessee shall pay to such agency at least ten (10) business days prior to the business date when such Taxes would be delinquent, all Real Property Taxes as hereinabove defined applicable to the Leased Premises or arising under Section 7.1 above. In the event the Leased Premises share parking and Common Areas with other premises, the provisions of Section 7.4 below shall apply to Taxes thereon.