Common use of New or Additional Taxes Clause in Contracts

New or Additional Taxes. Tenant's obligation to pay Taxes and Assessments shall include any Taxes and Assessments of a nature not presently in effect but which may hereafter be levied, assessed or imposed upon Landlord or upon the Demised Premises if such tax shall be based upon or arise out of the ownership, use or operation of or the rents received from the Demised Premises, other than income taxes of Landlord. For the purposes of computing Tenant's liability for such new type of tax or assessment, the Demised Premises shall be deemed the only property of Landlord.

Appears in 2 contracts

Samples: Master Lease, Master Lease

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New or Additional Taxes. Tenant's obligation to pay Tenant's Proportionate Share of Taxes and Assessments shall include any Taxes and Assessments of a nature not presently in effect but which may hereafter be levied, assessed or imposed upon Landlord or upon the Demised Premises Property if such tax shall be based upon or arise out of the ownership, use or operation of of, or the rents received from from, the Demised PremisesProperty, other than income taxes of Landlord. For the purposes of computing Tenant's liability for such new type of tax or assessment, the Demised Premises shall be deemed the only property of Landlord.

Appears in 1 contract

Samples: Lease (Immucor Inc)

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New or Additional Taxes. Tenant's obligation to pay Taxes and Assessments shall include any Taxes and Assessments of a nature not presently in effect but which may hereafter be levied, assessed or imposed upon Landlord or upon the Demised Premises if such tax shall be based upon or arise out of the ownership, use or operation of or the rents received from the Demised Premises, other than income taxes of Landlord. For the purposes of computing Tenant's liability for such new type of tax or assessment, the Demised Premises shall be deemed the only property of Landlord.other

Appears in 1 contract

Samples: Asset Purchase Agreement (Acr Group Inc)

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