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<br /> 2.3.2 Base Real Estate Taxes. "Base Real Estate Taxes" means those real
<br /> estate tàxes as defined in Section 2.3.5, with exceptions per Section 2.3.5.1, for the base
<br /> year of July 2000 - June 2001.
<br /> 2.3.3 Tenant's Pro Rata Share. "Tenant's Pro Rate Share" means 1.0
<br /> percent calculated with reference to Section 1.1.1 hereof by dividing the agreed rentable
<br /> area of the Premises (numerator) by the agreed rentable are of the Building (denominator)
<br /> and expressing the fraction as a percentage (One percent (1%) is the minimum cha,rge).
<br /> 2.3.4 Adjustment Period. "Adjustment Period means each calendar year
<br /> or portion thereof occurring during the Term, beginning with the period commencing on the
<br /> Commencement Date and ending on December 31 of the year in which the
<br /> Commencement Date occurs, which shall be the first Adjustment Period.
<br /> 2.3.5 Real Estate Taxes. "Real Estate Taxes" means all of the following,
<br /> whether or not now customary or in the contemplation of the Parties hereto: real property
<br /> taxes, assessments (including, without limitation, all assessments for public improvements,
<br /> services, or benefits, irrespective of when commenced or completed), excises, levies,
<br /> business taxes, license, permit, inspection, and other authorization fees, transit
<br /> development fees, assessments or charges for housing funds,' services payments in lieu
<br /> of taxes, water and sewer charges, any other fees or charges of any kind which are levied,
<br /> assessed, confirmed, or imposed by any public authority, and other similar government
<br /> charges levied on or attributable to the Building or their operation, including, without
<br /> limitation (i) real property taxes or assessments levied or assessed against the Building
<br /> (ii) assessments or charges levied or assessed against the Building by any
<br /> redevelopment agency, and (iii) reasonable legal fees, costs, and disbursements incurred
<br /> for proceedings to contest, determine, or reduce Real Estate Taxes, but in no event greater
<br /> than the amount by which the Real Estate Taxes are actually reduced.
<br /> 2.3.5.1 Exclusions from Real Estate Taxes. Real Estate Taxes shall
<br /> not include (a) federal, state, or local income taxes; (b) franchise, gift, excise, capital stock,
<br /> estate, succession, or inheritance taxes; (c) penalties or interest for late payment of Real
<br /> Estate Taxes; (d) the portion of Real Estate Taxes that is allocable to any Building capital
<br /> improvements made after the Building was fully assessed as a completed and occupied
<br /> unit and the Lease was signed, except to the extent the additional improvements directly
<br /> benefit all tenants or at least directly benefit the Tenant.
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