Common use of LIABILITY FOR ALL PERSONAL PROPERTY TAXES Clause in Contracts

LIABILITY FOR ALL PERSONAL PROPERTY TAXES. Tenant shall be liable for all taxes levied or assessed against personal property, furniture, fixtures, above-standard Tenant Improvements and alterations, additions or improvements placed by or for Tenant in the Premises. If any such taxes for which Tenant is liable are levied or assessed against Landlord or Landlord's property and if Landlord elects to pay the same or if the assessed value of Landlord's property is increased by inclusion of personal property, furniture, fixtures, above-standard Tenant Improvements or alterations, additions or improvements placed by or for Tenant in the Premises, and Landlord elects to pay the Taxes based on such increase, Tenant shall pay to Landlord upon demand that portion of the Taxes.

Appears in 2 contracts

Samples: Standard Industrial Lease Agreement (Quaker Fabric Corp /De/), Standard Industrial Lease Agreement (Jill Kelly Productions Holding, Inc.)

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LIABILITY FOR ALL PERSONAL PROPERTY TAXES. Tenant shall be liable for all taxes levied or assessed against personal property, furniture, fixtures, above-standard Tenant Improvements and alterations, additions or improvements placed by or for Tenant in the Premises. If any such taxes for which Tenant is liable are levied or assessed against Landlord or Landlord's property and if Landlord elects to pay the same or if the assessed value of Landlord's property is increased by inclusion of personal property, furniture, fixtures, above-standard Tenant Improvements or alterations, additions or improvements placed by or for Tenant in the Premises, and Landlord elects to pay the Taxes based on such increase, Tenant shall pay to Landlord upon Landlord, within thirty (30) days of Landlord's demand therefor, that portion of the Taxes.

Appears in 1 contract

Samples: Standard Industrial Lease Agreement (Etoys Inc)

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LIABILITY FOR ALL PERSONAL PROPERTY TAXES. Tenant shall be liable for all taxes levied or assessed against personal property, furniture, fixtures, above-standard Tenant Improvements and alterationsAlterations, additions or improvements placed by or for Tenant in or on the PremisesPremises (collectively, "TENANT IMPROVEMENT TAXES"). If any such taxes for which Tenant is liable are are, (a) levied or assessed against Landlord or Landlord's property and if Landlord elects to pay the same same, or (b) if the assessed value of Landlord's property is increased by inclusion of personal property, furniture, fixtures, above-standard Tenant Improvements or alterations, additions or improvements placed by or for Tenant in the Premises, and Landlord elects to pay the Taxes based on such increase, Tenant shall pay to Landlord, immediately upon Landlord's demand therefor, the amount paid by Landlord upon demand that portion of the for such Tenant Improvement Taxes.

Appears in 1 contract

Samples: Lease Agreement (Emerson Radio Corp)

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