Common use of Levies and Other Taxes Clause in Contracts

Levies and Other Taxes. If, at any time during the Term of this Lease, any method of taxation shall be such that there shall be levied, assessed or imposed on Landlord, or on the Basic Rent or Additional Rent, or on the Demised Premises or on the value of the Demised Premises, or any portion thereof, a capital levy, sales or use tax, gross receipts tax, transaction privilege tax, rent tax or other tax on the rents received therefrom, or a franchise tax, or an assessment, levy or charge measured by or based in whole or in part upon such rents or value, Tenant covenants to pay and discharge the same, it being the intention of the parties hereto that the rent to be paid hereunder shall be paid to Landlord absolutely net without deduction or charge of any nature whatsoever foreseeable or unforeseeable, ordinary or extraordinary, or of any nature, kind or description, except as in this Lease otherwise expressly provided. Nothing in this Lease contained shall require Tenant to pay any municipal, state or federal net income or excess profits taxes assessed against Landlord, or any municipal, state or federal capital levy, estate, succession, inheritance or transfer taxes of Landlord, or corporation franchise taxes imposed upon any corporate owner of the fee of the Demised Premises.

Appears in 1 contract

Samples: Net Lease (Wells Mid-Horizon Value-Added Fund I LLC)

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Levies and Other Taxes. If, at any time during the Term of this ----------------------- Lease, any method of taxation shall be such that there shall be levied, assessed or imposed on Landlord, or on the Basic Base Rent or Additional Rent, or on the Demised Premises or on the value of the Demised Premises, or any portion thereof, a capital levy, sales or use tax, gross receipts tax, transaction privilege tax, rent tax or other tax on the rents received therefrom, therefrom or a franchise tax, or an assessment, levy or charge measured by or based in whole or in part upon such rents or valuerents, Tenant covenants to pay and discharge the same, it being the intention of the parties hereto that the rent to be paid hereunder hereunder, shall be paid to Landlord absolutely net net, without deduction or charge of any nature whatsoever whatsoever, foreseeable or unforeseeable, ordinary or extraordinary, or of any nature, kind or description, except as in this Lease otherwise expressly provided. Nothing in this Lease contained shall require Tenant to pay any municipal, state or federal net income income, franchise, or excess profits taxes assessed against Landlord, or any municipal, state or federal capital levy, estate, succession, inheritance or transfer taxes of Landlord, or corporation franchise taxes imposed upon any corporate owner of the fee of the Demised PremisesPremises nor shall anything in this Lease require Tenant to pay any income tax of Landlord or any tax in the nature of income and/or franchise tax or in Iieu of income tax.

Appears in 1 contract

Samples: Lease (Applied Micro Circuits Corp)

Levies and Other Taxes. If, at any time during the Term term of this Lease, any method of taxation shall be such that there shall be levied, assessed or imposed on Landlord, or on the Basic Base Rent or Additional Rent, or on the Demised Premises or on the value of the Demised Premises, or any portion thereof, a capital levy, sales or use tax, gross receipts tax, transaction privilege tax, rent tax or other tax on the rents received therefrom, therefrom or a franchise tax, or an assessment, levy or charge measured by or based in whole or in part upon such rents or value, rents. Tenant covenants to pay and discharge the same, it being the intention of the parties hereto that the rent to be paid hereunder hereunder, shall be paid to Landlord absolutely net net, without deduction or charge of any nature whatsoever whatsoever, foreseeable or unforeseeable, ordinary or extraordinary, or of any nature, kind or description, except as in this Lease otherwise expressly provided. Nothing in this Lease contained shall require Tenant to pay any municipal, state or federal net income or excess profits taxes assessed against Landlord, or any municipal, state or federal capital levy, estate, succession, inheritance or transfer taxes of Landlord, or corporation franchise taxes imposed upon any corporate owner of the fee of the Demised PremisesPremises nor shall anything in this Lease require Tenant to pay any income tax of Landlord or any tax in the nature of income tax or in lieu of income tax.

Appears in 1 contract

Samples: Inspire Insurance Solutions Inc

Levies and Other Taxes. If, at any time during the Term of this Lease, ---------------------- any method of taxation shall be such that there shall be levied, assessed or imposed on Landlord, or on the Basic Base Rent or Additional Rent, or on the Demised Premises or on the value of the Demised Premises, or any portion thereof, a capital levy, sales or use tax, gross receipts tax, transaction privilege tax, rent tax or other tax on the rents received therefrom, therefrom or a franchise tax, or an assessment, levy or charge measured by or based in whole or in part upon such rents or valuerents, Tenant covenants to pay and discharge the same, it being the intention of the parties hereto that the rent to be paid hereunder hereunder, shall be paid to Landlord absolutely net net, without deduction or charge of any nature whatsoever whatsoever, foreseeable or unforeseeable, ordinary or extraordinary, or of any nature, kind or description, except as in this Lease otherwise expressly provided. Nothing in this Lease contained shall require Tenant to pay any municipal, state or federal net income income, franchise, or excess profits taxes assessed against Landlord, or any municipal, state or federal capital levy, estate, succession, inheritance or transfer taxes of Landlord, or corporation franchise taxes imposed upon any corporate owner of the fee of the Demised PremisesPremises nor shall anything in this Lease require Tenant to pay any income tax of Landlord or any tax in the nature of income and/or franchise tax or in lieu of income tax.

Appears in 1 contract

Samples: Applied Micro Circuits Corp

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Levies and Other Taxes. If, at any time during the Term of this LeaseTerm, any method of taxation upon the Demised Premises shall be such that there shall be levied, assessed or imposed on Landlord, or on the Basic Rent or Additional Rent, or on the Demised Premises or on the value of the Demised Premises, or any portion thereof, a capital levy, sales or use tax, gross receipts tax, transaction privilege tax, rent tax or other tax on the gross rents received therefrom, or a franchise tax, or an assessment, levy or charge measured by or based in whole or in part upon such rents or value, Tenant covenants to pay and discharge the same; provided, it being however, if the intention amount or rate of any tax or excise levied against the parties hereto that the rent to be paid hereunder rents of Landlord shall be paid to Landlord absolutely net without deduction or charge increased by reason of any nature whatsoever foreseeable other revenue, receipts or unforeseeableproperty owned by Landlord other than the Demised Premises, ordinary or extraordinarythen, or and in that event, Tenant shall not be obligated to pay the portion of such increased amount attributable to such other property, but only such tax as Landlord would be obligated to pay in the event it derived no revenue from any nature, kind or description, except as in this Lease otherwise expressly providedsource other than the Demised Premises nor owned any property other than the Demised Premises. Nothing in this Lease contained shall require Tenant to pay any municipal, state or federal net income or excess profits taxes assessed against Landlord, or any municipal, state or federal capital levy, estate, succession, inheritance or transfer taxes of Landlord, or corporation or entity franchise taxes imposed upon any corporate or other entity owner of the fee of the Demised Premises.

Appears in 1 contract

Samples: Lease Agreement (Church & Dwight Co Inc /De/)

Levies and Other Taxes. If, at any time during the Term of this Lease, any method of taxation shall be such that there shall be levied, assessed or imposed on Landlord, or on the Basic Base Rent or Additional Rent, or on the Demised Premises or on the value of the Demised Premises, or any portion thereof, a capital levy, sales or use tax, gross receipts tax, transaction privilege tax, rent tax or other tax on the rents received therefrom, therefrom or a franchise tax, or an assessment, levy or charge measured by or based in whole or in part upon such rents or valuerents, Tenant covenants to pay and discharge the same, it being the intention of the parties hereto that the rent to be paid hereunder hereunder, shall be paid to Landlord absolutely net net, without deduction or charge of any nature whatsoever whatsoever, foreseeable or unforeseeable, ordinary or extraordinary, or of any nature, kind or description, except as in this Lease otherwise expressly provided. Nothing in this Lease contained shall require Tenant to pay any municipal, state or federal net income income, franchise, or excess profits taxes assessed against Landlord, or any municipal, state or federal capital levy, estate, succession, inheritance or transfer taxes of Landlord, or corporation franchise taxes imposed upon any corporate owner of the fee of the Demised PremisesPremises nor shall anything in this Lease require Tenant to pay any income tax of Landlord or any tax in the nature of income and/or franchise tax or in lieu of income tax.

Appears in 1 contract

Samples: Lease (Radyne Corp)

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