Commercial Rent Tax. The Knicks shall be responsible for paying directly, and shall timely pay, to the City of New York the “Commercial Rent Or Occupancy Tax” imposed pursuant to Chapter 7 of Title 11 of the New York City Administrative Code, or successor or similar tax assessed or imposed on a tenant as a consequence of the Knicks’ status as a licensee under this Agreement.
Commercial Rent Tax. The Rangers shall be responsible for paying directly, and shall timely pay, to the City of New York the “Commercial Rent Or Occupancy Tax” imposed pursuant to Chapter 7 of Title 11 of the New York City Administrative Code, or successor or similar tax assessed or imposed on a tenant as a consequence of the Rangers’ status as a licensee under this Agreement.
Commercial Rent Tax. Tenant shall pay to Landlord, in addition to and together with any and all installments of fixed minimum rent, additional rent and other charges payable pursuant to this Lease, the excise, transaction, sales, privilege, or other tax (other than net income and/or estate taxes) now or in the future imposed by the city, county, state or any other government or governmental agency upon Landlord and attributable to or measured by the fixed minimum rent, common area expenses, additional rent or other charges or prorations payable by Tenant pursuant to this Lease.
Commercial Rent Tax. Subtenant shall furnish to Sublandlord, upon the request of Sublandlord, such information and such copies of documents as Sublandlord may reasonably request in order to permit Sublandlord to receive a commercial rent tax credit for the commercial rent tax paid by Subtenant.
Commercial Rent Tax. (a) If TENANT is subject to the City of New York’s commercial rent tax, TENANT must file a commercial rent tax annual return with the New York City Department of Finance on or before June 20th each year or furnish LANDLORD with a letter of exemption from the Department of Finance. TENANT also must file a quarterly return with the New York City Department of Finance and pay the tax due on or before the due date each quarter to the New York City Department of Finance.
Commercial Rent Tax. Sublessee shall be solely responsible for the payment of any New York City Commercial Rent Tax which may be imposed in connectionAAA with this Sublease. Sublessee shall pay Sublessee's Proportionate Share of any occupancy tax or rent tax payable by Tenant under the Lease in accordance with Section 28.02.F thereof, provided, however, that if the rent paid under the Lease is higher than the rent paid under this Sublease, on a pro rata basis, then in that event, Sublessee's Proportionate Share of any such occupancy tax or rent tax shall be no greater than the Proportionate Share of the occupancy tax or the rent tax that would have been payable based upon the rent paid by Sublessee under this Sublease.
Commercial Rent Tax. If any commercial rent or occupancy tax shall be levied against Subtenant based upon the Fixed Rent or Additional Rent payable by Subtenant hereunder, Subtenant shall (a) complete and file with the appropriate taxing authority all forms required in connection with such tax, and (b) pay the same to the taxing authority and provide evidence to Sublandlord of such payment, or, in the event such tax is levied against or paid by Sublandlord, Subtenant shall reimburse Sublandlord for the amount of such tax and shall provide Subtenant with documentation evidencing payment of such tax.
Commercial Rent Tax a. The City will be entitled to bill, collect, and retain commercial rent tax from all applicable tenants of the new developments, including from all incremental square footage created pursuant to the Penn Station Area GPP, to the extent allowable under applicable law.
