Common use of MISCELLANEOUS TAXES Clause in Contracts

MISCELLANEOUS TAXES. a. Tenant shall pay prior to delinquency all taxes assessed against or levied upon its occupancy of the Premises, or upon the fixtures, furnishings, equipment and personal property of Tenant located in the Premises, if nonpayment thereof shall or would give rise to a lien on the Project or any part thereof, and when possible, Tenant shall cause said fixtures, furnishings, equipment and personal property to be assessed and billed separately from the property of Lessor. In the event any or all of Tenant’s fixtures, furnishings, equipment and personal property, or Tenant’s occupancy of the Premises, shall be assessed and taxed with the property of Lessor, Tenant shall pay to Lessor as additional rent hereunder its share of such taxes within ten (10) days after delivery to Tenant by Lessor of a statement in writing setting forth the amount of such taxes applicable to Tenant’s fixtures, furnishings, equipment or personal property, or occupancy of the Premises. b. If, under the laws of the United States or any state thereof or any political subdivision in which the Premises are situated, a tax or excise on rents or other tax, however described, is levied or assessed against Lessor or all or any part of the Rent reserved hereunder, in addition to, in lieu of or as a substitute in whole or in part for taxes and assessments commonly known as real estate taxes, Tenant shall pay and discharge such tax or excise on rents or other tax, but only to the extent of the amount thereof which is lawfully assessed or imposed upon Lessor, and which was so assessed or imposed as a direct result of Lessor’s ownership of the Premises or of this Lease, or of the rental accruing under this Lease.

Appears in 3 contracts

Samples: Lease Agreement (ConversionPoint Holdings, Inc.), Lease Agreement (ConversionPoint Holdings, Inc.), Lease Agreement (ConversionPoint Holdings, Inc.)

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MISCELLANEOUS TAXES. a. (a) Tenant shall pay prior to delinquency all taxes assessed against or levied upon its occupancy of the Premises, Leased Premises or upon the fixtures, furnishings, equipment and or personal property of Tenant located in the Leased Premises, if nonpayment thereof shall or would give rise to a lien on the Project or any part thereof, and when possible, possible Tenant shall cause said fixtures, furnishings, equipment and personal property to be assessed and billed separately from the property of Lessor. In the event any or all of Tenant’s 's fixtures, furnishings, equipment and personal property, or Tenant’s 's occupancy of the Leased Premises, shall be assessed and taxed with the property of Lessor, Tenant shall pay to Lessor as additional rent hereunder its share of such taxes within ten (10) days after delivery to Tenant by Lessor of a statement in writing setting forth the amount that portion of such taxes applicable to Tenant’s 's fixtures, furnishings, equipment or personal property, or occupancy of the Leased Premises. b. (b) If, under the laws of the United States or any state thereof or any political subdivision in which the Leased Premises are situated, a tax or excise on rents or other tax, however described, is levied or assessed against Lessor or all the Rent or any part of the Rent reserved hereunderportion thereof, in addition to, in lieu of of, or as a substitute in whole or in part for taxes and assessments commonly known as real estate taxes, then Tenant shall pay and discharge such tax or excise on rents or other tax, but only to the extent of the amount thereof which is lawfully assessed or imposed upon Lessor, Lessor and which was so assessed or imposed as a direct result of Lessor’s ownership of the Premises or of this Lease, or of the rental accruing under this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Northwest Teleproductions Inc), Lease Agreement (Northwest Teleproductions Inc)

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