Common use of Change in Taxation Clause in Contracts

Change in Taxation. In the event of the enactment of or change in ------------------ (including, without limitation, a change in interpretation of) any applicable law: (a) deducting or allowing Lessee to deduct from the value of the Property for the purpose of taxation any lien or security interest thereon, (b) imposing, modifying or deeming applicable any reserve or special requirement against deposits in or for the account of, or loans by, or other liabilities of, or other assets held by Mortgagee, or (c) subjecting Mortgagee to any tax or changing the basis of taxation of mortgages, deeds of trust, or other liens or debts secured thereby, or the manner of collection of such taxes, in each such case, so as to affect this Mortgage, the Mortgage Obligations or Mortgagee, and the result is to increase the taxes imposed upon or the cost to Mortgagee of maintaining the Mortgage Obligations, or to reduce the amount of any payments receivable hereunder or under the other Security Documents, then, and in any such event, Lessee shall, on demand, pay to Mortgagee such additional amounts as may be required to compensate for such increased costs or reduced amounts, provided that if any such payment or reimbursement shall be unlawful or would constitute usury or render the Mortgage Obligations wholly or partially usurious or otherwise invalid under applicable law, then Mortgagee may, at its option, declare the Mortgage Obligations due and payable upon 30 days' notice.

Change in Taxation. In the event of the enactment of or change in ------------------ (including, without limitation, a change in interpretation of) any applicable law: law (a) deducting or allowing Lessee Mortgagor to deduct from the value of the Property for the purpose of taxation any lien or security interest thereon, (b) imposing, modifying or deeming applicable any reserve or special requirement against deposits in or for the account of, or loans by, or other liabilities of, or other assets held by Mortgagee, or (c) subjecting Mortgagee to any tax or changing the basis of taxation of mortgages, deeds of trust, or other liens or debts secured thereby, or the manner of collection of such taxes, in each such case, so as to affect this Mortgage, the Mortgage Obligations or Mortgagee, and the result is to increase the taxes imposed upon or the cost to Mortgagee of maintaining the Mortgage Obligations, Indebtedness or to reduce the amount of any payments receivable hereunder or under the other Security Documentshereunder, then, and in any such event, Lessee Mortgagor shall, on demandpromptly, pay to Mortgagee for the account of Mortgagee such additional amounts as may be required to compensate for such increased costs or reduced amounts, provided that if any such payment or reimbursement shall be unlawful or would constitute usury or render the Mortgage Obligations wholly or partially usurious or otherwise invalid under applicable law, then Mortgagee may, at its option, declare the Mortgage Obligations Indebtedness due and payable upon 30 60 days' notice.

Change in Taxation. In the event of the enactment of or change in ------------------ (including, without limitation, a change in interpretation of) any applicable law: law (a) deducting or allowing Lessee Mortgagor to deduct from the value of the Property for the purpose of taxation any lien or security interest thereon, (b) imposing, modifying or deeming applicable any reserve or special requirement against deposits in or for the account of, or loans by, or other liabilities of, or other assets held by Mortgagee, or (c) subjecting Mortgagee to any tax or changing the basis of taxation of mortgages, deeds of trust, or other liens or debts secured thereby, or the manner of collection of such taxes, in each such case, so as to affect this Mortgage, the Mortgage Obligations or Mortgagee, and the result is to increase the taxes imposed upon or the cost to Mortgagee of maintaining the Mortgage Obligations, Indebtedness or to reduce the amount of any payments receivable hereunder or under the other Security Loan Documents, then, and in any such event, Lessee shall, on demand, Mortgagor shall promptly pay to Mortgagee for the account of Mortgagee or such Holder such additional amounts as may be required to compensate for such increased costs or reduced amounts, provided that if any such payment or reimbursement shall be unlawful or would constitute usury or render the Mortgage Obligations wholly or partially usurious or otherwise invalid under applicable law, then Mortgagee may, at its option, declare the Mortgage Obligations Indebtedness due and payable upon 30 60 days' notice.

Change in Taxation. In the event of the enactment of or change in ------------------ (including, without limitation, a change in interpretation of) any applicable law: law (a) deducting or allowing Lessee Mortgagor to deduct from the value of the Property for the purpose of taxation any lien or security interest thereon, (b) imposing, modifying or deeming applicable any reserve or special requirement against deposits in or for the account of, or loans by, or other liabilities of, or other assets held by MortgageeMortgagee or any Lender, or (c) subjecting Mortgagee or any Lender to any tax or changing the basis of taxation of mortgages, deeds of trust, or other liens or debts secured thereby, or the manner of collection of such taxes, in each such case, so as to affect this Mortgage, the Mortgage Obligations Indebtedness or MortgageeMortgagee or any Lender, and the result is to increase the taxes imposed upon or the cost to Mortgagee or such Lender of maintaining the Mortgage Obligations, Indebtedness or to reduce the amount of any payments receivable hereunder or under the other Security Loan Documents, then, and in any such event, Lessee Mortgagor shall, on demand, pay to Mortgagee for the account of Mortgagee or such Lender such additional amounts as may be required to compensate for such increased costs or reduced amounts, provided that if any such payment or reimbursement shall be unlawful or would constitute usury or render the Mortgage Obligations wholly or partially usurious or otherwise invalid under applicable law, then Mortgagee may, at its option, declare the Mortgage Obligations Indebtedness due and payable upon 30 60 days' notice.