Costs of Taxes and Assessments Sample Clauses

Costs of Taxes and Assessments. Because this is a triple net lease, Lessee shall be responsible for all taxes and assessments levied against the real property, improvements thereon and personal property contained therein and all other taxes and assessments which may relate to the real property, improvements or personal property contained therein and all increases related to all of these. Lessor may pay the same on Lessee's behalf, ▇▇▇ Lessee shall re▇▇▇▇▇▇e Lessor for the same forthwith. Lessee shall save and hold Lessor harmless on account of any of these taxes and assessments. Lessee shall pay Lessor the sum of eighteen (18%) per annum as interest on any monies that Lessor may advance on behalf of Lessee until these monies are repaid. If, at any time during the term of this lease, the method or scope of taxation prevailing at the commencement of the lease term shall be altered, modified or enlarged so as to cause the method of taxation to be changed, in whole or in part, so that in substitution for the real estate taxes now assessed there may be, in whole or in part, a capital levy or other imposition based on the value of the Leased Premises, or the rents received therefrom, or some other form of assessment based in whole or in part on some other valuation of the Lessor's real property comprising the demised Premises, then and in such event, such substituted tax or imposition shall be payable and discharged by the Lessee in the manner required pursuant to such law promulgated which shall authorize such change in the scope of taxation, and as required by the terms and conditions of the within lease. Nothing in this lease contained shall require the Lessee to pay any franchise, estate, inheritance, succession, capital levy or transfer tax of the Lessor, or Federal Income Tax, State Income Tax, or excess profits or revenue tax, unless such taxes are in substitution for real property taxes as a result of such change in the manner and scope of taxation.