Betterment Assessments. SELLER represents that the property is / is not subject to a betterment assessment. If the property is subject to a betterment assessment, the SELLER agrees to pay the total outstanding betterment assessment at the closing unless the Buyer agrees to purchase the property subject to, and assumes the payment of the betterment assessment.
Betterment Assessments. Tenant shall pay to Landlord Tenant's Share of each installment of any public, special or betterment assessment levied or assessed by or becoming payable to any municipality or other governmental authority having jurisdiction of the Premises, for or in respect of the Premises for each installment period partially or wholly included in the Initial Term and, if exercised, the Extension Terms, all such payments to be made not less than ten (10) days prior to the last date on which the same may be made without interest or penalty; provided that for any fraction of an installment period included in the Initial Term and Extension Terms, if exercised, at the beginning or end thereof, Tenant shall pay to Landlord the fraction of such installment allocable to such included period, which payment shall be due within ten (10) days after receipt of invoice therefor, but, with respect to a payment on account of a fraction of an installment period at the beginning of the Initial Term, such payment shall not be due prior to ten (10) days before such payment may be made without interest or penalty. Landlord shall elect to pay any such assessment in installments over the longest period permitted by law; provided that if such longest period is not at least (20) years, then Tenant shall only be obligated to pay Tenant's Share based upon one twentieth of such assessment for each year of the Term, beginning with the date the assessment is levied (unless the improvement which is the basis for the assessment has a useful life of less than twenty (20) years) and Landlord shall be obligated to pay any difference. Tenant may prosecute appropriate proceedings to contest the validity or amount of any assessment with respect to which Tenant is required to make payments as hereinbefore provided, such proceedings to be conducted jointly with any other parties, including Landlord, who have contributed to the payment of such assessments, and Tenant agrees to save Landlord harmless from all reasonable costs and reasonable expenses to the extent incurred on account of Tenant's participation in such proceedings. Landlord shall cooperate with Tenant with respect to such proceedings so far as reasonably necessary. Landlord shall promptly furnish to Tenant a copy of any notice of any public, special or betterment assessment received by landlord 16
Betterment Assessments. Tenant shall pay each installment of all ---------------------- public, special or betterment assessments levied or assessed by or becoming payable to any municipality or other governmental authority having jurisdiction of the Premises, for or in respect of the Premises for each installment period partially or wholly included in the term, such payments to be made to Landlord in the manner provided in Subsection 4.3.3 of the Section 4.
Betterment Assessments. Any assessments levied or imposed against the Premises as a consequence of a public improvement made or constructed by a governmental entity after the Commencement Date may, at Tenant's election, be paid in installments if permitted by such governmental entity. Tenant shall be responsible for, and obligated to pay, only the installment amounts which are due during the term of this Lease.
Betterment Assessments. 13 4.2.3 Tax Expense Fund Payments .................................... 13 4.2.4 Operating Expenses ........................................... 13 4.2.5 Operating Expense Fund Payments .............................. 13 4.2.6 Annual Expense Statements .................................... 14 4.2.7 Records ...................................................... 14 4.2.8 Insurance .................................................... 15 4.2.9 Form of Policies ............................................. 15 4.2.10 Tenant's Contractor's Insurance ............................. 16 4.2.11 Increase in Premiums ........................................ 16 4.2.12 Tenant's Additional Insurance ............................... 16 4.2.13 Landlord's Insurance ........................................ 16 4.2.14
Betterment Assessments. Tenant shall pay Tenant's Percentage of all public, special or betterment assessments hereafter levied or assessed by or becoming payable to any municipality or other governmental authority having jurisdiction of the Land, for or in respect of the Land or Building for each period partially or wholly included in the Term; provided that Landlord shall exercise any available election to pay such assessment in installments, such that Tenant's aforesaid obligation shall apply only to each installment period partially or wholly included within the Term. Landlord shall promptly furnish to Tenant a copy of any notice of any public, special or betterment assessment received by Landlord concerning the Land or Building.
Betterment Assessments. Tenant shall pay the Tenant’s Pro Rata Share of each installment of all public, special or betterment assessments levied or assessed by or becoming payable to any municipality or other governmental authority having jurisdiction over the Property (including any interest charged and paid because Landlord elected to pay the same in installments), for or in respect of them for each installment period partially or wholly included in the Term; provided in the case of each respective assessment that Landlord shall be deemed to have elected to pay such assessment in installments over the longest period permitted by law. Landlord shall promptly furnish to Tenant a copy of any notice of any public, special or betterment assessment received by Landlord concerning the Property.
Betterment Assessments. 17 4.2.3 Tax Fund Payments............................................... 19 4.2.4 Insurance....................................................... 19 4.2.5 Utilities....................................................... 22 ARTICLE V - TENANT'S ADDITIONAL COVENANTS................................... 23
Betterment Assessments. SELLER represents that the Parcel subject to a betterment assessment. If the Parcel is subject to a betterment assessment, the SELLER agrees to pay the total outstanding betterment assessment at the closing unless the Buyer agrees to purchase the Parcel subject to, and assumes the payment of the betterment assessment.
Betterment Assessments. Real Estate Taxes shall include each installment ---------------------- of all public, special or betterment assessments levied or assessed by or becoming payable to any municipality or other governmental authority having jurisdiction of the Property, for each installment period wholly included in the Term; provided that Landlord shall have elected to pay such assessment in installments over the longest period permitted by law.
