Covenant to Pay Taxes. Lessee shall promptly pay when due:
Covenant to Pay Taxes. The Mortgagor shall pay all Taxes as and when they shall become payable and shall forthwith in each year furnish the Mortgagee with receipted tax bills showing payment of all Taxes for the year and further shall comply with all of the terms of the Credit Agreement and the other Loan Documents pertaining to Taxes.
Covenant to Pay Taxes. Tenant covenants and agrees to pay, as Additional Rent, Tenant’s Pro Rata Share of Taxes, as hereinafter defined, which accrue during or are attributable to the Lease Term, as it may be extended from time to time . “Taxes” shall mean all taxes, assessments or other impositions, general or special, ordinary or extraordinary, of every kind or nature, which may be levied, assessed or imposed upon or with respect to the Property or the Project (as the case may be), or any part thereof, or upon any building, improvements or personal property at any time situated thereon. Taxes shall exclude income, capital stock, estate, inheritance franchise. Taxes shall not include any interest, fine or penalty for late payment.
Covenant to Pay Taxes. (i) The Sellers shall severally but not jointly indemnify (on the terms of and subject to the conditions of Section 11) the Buyer, the Company, and its Subsidiaries and hold them harmless from and against (a) all Taxes (or the non-payment thereof) of the Sellers, the Company, and the Company's Subsidiaries for all taxable periods ending on or before the Closing Date (a "Pre-Closing Tax Period") and with respect to any taxable period that includes (but does not end on) the Closing Date, the portion of such taxable period that ends on the Closing Date (such taxable period, a "Straddle Tax Period"), (b) any and all Taxes of any member of an affiliated, consolidated, combined, or unitary group of which the Company or any of its Subsidiaries (or any predecessor thereof) is or was a member on or prior to the Closing Date (other than any such group of which the Company or Company's Subsidiaries becomes a member as a result of the transactions contemplated by this Agreement), and (c) any and all Taxes of any Person (other than the Company or any of its Subsidiaries) imposed on the Company or any of its Subsidiaries as a transferee or successor, by contract or pursuant to any law, rule or regulation, which Taxes relate to an event or transaction occurring on or before the Closing Date. In determining the amount of Taxes that are allocable to the portion of a Straddle Tax Period ending on the Closing Date, the amount of any Taxes based on or measured by income or receipts of the Company or any of its Subsidiaries shall be allocated based on an interim closing of the books as of the close of business on the Closing Date and the amount of other Taxes (except the portion of those Taxes described in Section 7.4 hereof which are the responsibility of the Buyer pursuant to such Section 7.4) of the Company or any of its Subsidiaries that are allocable to such portion shall be the amount of such Tax for the entire Straddle Tax Period multiplied by a fraction the numerator of which is the number of days in such portion and the denominator of which is the number of days in the entire Straddle Tax Period.
(ii) Any refunds of Taxes for Pre-Closing Tax Periods or the portion ending on the Closing Date of any Straddle Tax Period that are received by Buyer, the Company or any of the Company's Subsidiaries, and any amounts credited against any Tax to which Buyer, the Company or any of the Company's Subsidiaries become entitled, that relate to a Pre-Closing Tax Period shall be for t...
Covenant to Pay Taxes. As additional rent, Redeveloper shall pay --------------------- directly to the appropriate taxing authorities all Taxes (as defined in Section 8(b)). All Taxes shall be paid at least 10 days before delinquency and before any fine, interest or penalty shall become due or be imposed by operation of law for their non-payment. Redeveloper shall furnish to Agency at least 10 days prior to the date when any Taxes would become delinquent receipts or other appropriate evidence establishing such payment. Notwithstanding the foregoing, so long as Redeveloper is fully operating the Card Club and the Hotel, Redeveloper shall not be obligated to pay or shall be entitled to receive a refund or rebate of that portion of any possessory interest taxes, or real property taxes relating to the Property, to the extent payable or allocable to Agency or City during the first ten (10) Lease Years of the Term. Provided, however, that if Redeveloper or Redeveloper's successor in interest has not obtained a State of California Gaming License for the Card Club within one year after the Effective Date, Redeveloper shall be obligated to pay the full possessory interest tax or real property tax (or any prorated portion thereof), and shall not be entitled to any rebate or refund thereof, until the date upon which the California Gaming License is obtained.
Covenant to Pay Taxes. During any term of the Agreement, Licensee covenants and agrees to duly and punctually pay all real estate or personal property taxes due with respect to its operations across the Absolute Property, including personal property tax for Licensee’s fiber optic cable or cables and all of Licensee owned facilities or properties installed in the Licensed Facilities, unless the Licensee is in good faith contesting its liability for the taxes, or lawfully exempted from payment of such taxes.
Covenant to Pay Taxes. Mortgagor shall promptly pay and ------------------------ discharge all taxes (including all recordation, transfer and similar taxes), water rents, assessments (public and private) and other dues, charges and levies (collectively hereinafter called "taxes") which have been, are, or may hereafter be imposed upon or encumber the Property and upon payment thereof will exhibit to Mortgagee, upon demand, the receipted bills therefor; provided, however, that Mortgagor shall not be required to pay any such taxes, (a) if the same shall not at the time be due and payable or (b) until fifteen (15) days prior to the last day upon which the same can be paid without penalty.
Covenant to Pay Taxes. Tenant covenants and agrees to pay, as Additional Rent, Tenant’s Pro Rata Share of Taxes, as hereinafter defined, which accrue during or are attributable to the Lease Term, “Taxes” shall mean all taxes, assessments or other impositions, general or special, ordinary or extraordinary, of every kind or nature, which may be levied, assessed or imposed upon or with respect to the Property or the Project (as the case may be), or any part thereof, or upon any building, improvements or personal property at any time situated thereon. Tenant shall not be required to pay any increases in Taxes solely due to any sale of the Project, provided that the foregoing shall not limit Tenant’s obligation to pay the full amount of any increases in Taxes resulting from the regular periodic reassessment of Taxes by the Assessor.
Covenant to Pay Taxes. Lessee shall promptly pay when due:
(a) all Taxes (other than Lessor Taxes) imposed by any Government Entity with respect to the Aircraft, including without limitation the ownership, presence, delivery, leasing, possession, use, operation, maintenance, storage, registration, redelivery, import, export, sale or other disposition of the Aircraft; and
(b) all Taxes (other than Lessor Taxes) in respect of any premises where the Aircraft, any Engine or any Part thereof is located from time to time, except to the extent that such payment is being contested in good faith by appropriate proceedings, in respect of which adequate resources have been provided by Lessee and non-payment of which does not give rise to any material risk of the Aircraft or any interest therein being sold, forfeited or otherwise lost or any risk of criminal liability on the part of Lessor or any Financing Party.
Covenant to Pay Taxes. Landlord covenants to pay when due all real estate taxes and assessments with respect to Landlord's Facilities and, upon the request of Tenant, will submit to Tenant promptly after payment evidence thereof.
