Common use of Limitation on Taxes Clause in Contracts

Limitation on Taxes. Nothing contained herein shall obligate Tenant to pay any general income, inheritance, estate, gift, succession, sales, use or revenue tax (or any substitution therefor) of, or levied or assessed against Landlord; nor any other tax, assessment, charge, or levy (or any substitution therefor) against Landlord with respect to or because of the Rent and other income derived by Landlord under this Lease; nor shall Tenant be deemed obligated to pay any corporation, franchise, capital stock, payroll, excise, privilege, or any other tax of similar nature (or any substitution therefor) which may be levied or assessed against Landlord.

Appears in 12 contracts

Samples: Master Lease Agreement (Aimco Properties L.P.), Master Lease Agreement (Aimco OP L.P.), Master Lease Agreement (Aimco OP L.P.)

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