Common use of Net Rent Clause in Contracts

Net Rent. It is the intention of the Parties that the Rent received by Landlord be net of any Taxes of any sort to be paid by Landlord. If it is not lawful for Tenant to reimburse Landlord for any of the Taxes, the Minimum Monthly Rent shall be increased by the amount equal to the Taxes allocable to Tenant so as to net to Landlord the amount that it would have received if such Tax had not been imposed.

Appears in 2 contracts

Samples: Business Park Net Lease (Opnext Inc), Business Park Net Lease (Opnext Inc)

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Net Rent. It is the intention of the Parties that the Rent received -------- by Landlord be net of any Taxes of any sort to be paid by Landlord. If it is not lawful for Tenant to reimburse Landlord for any of the Taxes, the Minimum Monthly Rent shall be increased by the amount equal to the Taxes allocable to Tenant so as to net to Landlord the amount that which it would have received if such Tax had not been imposed.

Appears in 1 contract

Samples: Business Park Net Lease (Centillium Communications Inc)

Net Rent. It is the intention of the Parties that the Rent received by Landlord be net of any Taxes of any sort to be paid by Landlord. If it is not lawful for Tenant to reimburse Landlord for any of the Taxes, the Minimum Monthly Rent shall be increased by the amount equal to the Tenant's Share of Taxes allocable to Tenant so as to net to Landlord the amount that which it would have received if such Tax Tenant had not been imposed.able to pay Tenant's Share of Taxes to Landlord as contemplated herein. ------------------- ----------------- Landlord's Initials Tenant's Initials

Appears in 1 contract

Samples: Assignment of Lease (Entrada Networks Inc)

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Net Rent. It is the intention of the Parties that the Rent received by Landlord be net of any Taxes of any sort to be paid by Landlord. If it is not lawful for Tenant to reimburse Landlord for any of the Taxes, the Minimum Monthly Rent shall be increased by the amount equal to the Taxes allocable to Tenant so as to net to Landlord the amount that which it would have received if such Tax had not been imposed.

Appears in 1 contract

Samples: Business Park Net Lease (Centillium Communications Inc)

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