Common use of IMPOSTS Clause in Contracts

IMPOSTS. In addition to the monthly Basic Rent due in each Lease Schedule, Lessee agrees to pay and indemnify Lessor for, and hold Lessor harmless from and against all taxes, assessments, fees and charges (hereinafter called "Imposts") together with any penalties, fines or interest thereon levied and imposed by any governmental agency or unit (state, local, federal, domestic or foreign), regardless of party assessed against: (i) with respect to the Lease or any Lease Schedule; (ii) upon the Equipment, including without limitation any "vessel", its value or any interest of Lessor and/or Lessee therein; (iii) upon or on account of any sale, rental, purchase, ownership, possession, use, operation, maintenance, delivery or return of the Equipment, or value added thereto, other than taxes imposed on or measured by the net income or capital of Lessor. The amount of the Impost shall become Rent to be paid by Lessee within ten (10) days after Lessor's demand. If any Impost relates to a period during the Term of a Lease Schedule such Impost shall continue, notwithstanding the expiration or termination of the Lease or the Lease Schedule, until all such Imposts are paid in full by Lessee.

Appears in 2 contracts

Samples: Master Lease Agreement (International Thoroughbred Breeders Inc), Master Lease Agreement (International Thoroughbred Breeders Inc)

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IMPOSTS. In addition to the monthly Basic Rent due in each Lease Schedule, Lessee agrees to pay and indemnify Lessor for, and hold Lessor harmless from and against all taxes, assessments, fees and charges (hereinafter called "Imposts") together with any penalties, fines or interest thereon levied and imposed by any governmental agency or unit (state, local, federal, domestic or foreign), regardless of party assessed against: (i) with respect to the Lease Lease, the Charter or any Lease Schedule; (ii) upon the Equipment, including without limitation any "vessel", its value or any interest of Lessor and/or Lessee therein; (iii) upon or on account of any sale, rental, purchase, ownership, possession, use, operation, maintenance, delivery or return of the Equipment, or value added thereto, other than taxes imposed on or measured by the net income or capital of Lessor. The amount of the Impost shall become Supplemental Rent to be paid by Lessee within ten (10) days after Lessor's demand. If any Impost relates to a period during the Term of a Lease Schedule such Impost shall continue, notwithstanding the expiration or termination of the Lease or the Lease Schedule, until all such Imposts are paid in full by Lessee.

Appears in 2 contracts

Samples: Master Lease Agreement (International Thoroughbred Breeders Inc), Master Lease Agreement (International Thoroughbred Breeders Inc)

IMPOSTS. In addition to the monthly Basic Rent due in each Lease Scheduleas set forth above, Lessee agrees to pay and indemnify Lessor for, and hold Lessor harmless from and against all taxes, assessments, fees and charges (hereinafter called "Imposts") together with any penalties, fines or interest thereon levied and imposed by any governmental agency or unit (state, local, federal, domestic or foreign), regardless of party assessed against: (i) with respect to the Lease or any this Lease Schedule; (ii) upon the Equipment, including without limitation any "vessel", its value or any interest of Lessor and/or Lessee therein; (iii) upon or on account of any sale, rental, purchase, ownership, possession, use, operation, maintenance, delivery or return of the Equipment, or value added thereto, other than taxes imposed on or measured by the net next income or capital of Lessor. The amount of the Impost shall become Rent be come Additional Charge to be paid by Lessee within ten (10) days after upon Lessor's demand. If any Impost relates to a period during the Term of a Lease Schedule (initial or renewed, if applicable) (no matter when it is assessed) then Lessee's liability for such Impost shall continue, notwithstanding the expiration or termination of the Lease or the this Lease Schedule, until all such Imposts are paid in full by Lessee.

Appears in 1 contract

Samples: Lease Schedule (International Thoroughbred Breeders Inc)

IMPOSTS. In addition to the monthly Basic Rent due in each Lease Scheduleas set forth above, Lessee agrees to pay and indemnify Lessor for, and hold Lessor harmless from and against all taxes, assessments, fees and charges (hereinafter called "Imposts") together with any penalties, fines or interest thereon levied and imposed by any governmental agency or unit (state, local, federal, domestic or foreign), regardless of party assessed against: against (i) with respect to the Lease or any this Lease Schedule; (ii) upon the Equipment, including without limitation any "vessel", its value or any interest of Lessor and/or Lessee therein; therein (iii) upon or on account of any sale, rental, purchase, ownership, possession, use, operation, maintenance, delivery or return of the Equipment, or value added thereto, other than taxes imposed on or measured by the net next income or capital of Lessor. The amount of the Impost shall become Supplemental Rent to be paid by Lessee within ten (10) days after upon Lessor's ’s demand. If any Impost relates to a period during the Term of a Lease Schedule (initial or renewed, if applicable) (no matter when it is assessed) then Lessee’s liability for such Impost shall continue, notwithstanding the expiration or termination of the Lease or the this Lease Schedule, until all such Imposts are paid in full by Lessee.

Appears in 1 contract

Samples: Master Lease Agreement (Southwest Casino Corp)

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IMPOSTS. In addition to the monthly Basic Rent due in each Lease Scheduleas set forth above, Lessee agrees to pay and indemnify Lessor for, and hold Lessor harmless from and against all taxes, assessments, fees and charges (hereinafter called "Imposts") together with any penalties, fines or interest thereon levied and imposed by any governmental agency or unit (state, local, federal, domestic or foreign), regardless of party assessed against: (i) with respect to the Lease or any this Lease Schedule; (ii) upon the Equipment, including without limitation any "vessel", its value or any interest of Lessor and/or Lessee therein; (iii) upon or on account of any sale, rental, purchase, ownership, possession, use, operation, maintenance, delivery or return of the Equipment, or value added thereto, other than taxes imposed on or measured by the net next income or capital of Lessor. The amount of the Impost shall become Rent to be paid by Lessee within ten (10) days after upon Lessor's demand. If any Impost relates to a period during the Term of a Lease Schedule (initial or renewed, if applicable) (no matter when it is assessed) then Lessee's liability for such Impost shall continue, notwithstanding the expiration or termination of the Lease or the this Lease Schedule, until all such Imposts are paid in full by Lessee.

Appears in 1 contract

Samples: Master Lease Agreement (International Thoroughbred Breeders Inc)

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