Common use of Notices of Assessment etc. Clause in Contracts

Notices of Assessment etc.. (a) The Tenant shall, at the Landlord’s request, promptly deliver to the Landlord, (i) receipts for payment of all Taxes payable by the Tenant; (ii) notices of any assessments for Taxes or other assessments received by the Tenant that relate to the Premises, and (iii) whatever other information relating to Taxes in the Tenant’s possession that the Landlord reasonably requests from time to time. (b) The Tenant shall deliver to the Landlord, at least ten (10) days before the last date for filing appeals, notice of any appeal or contestation that the Tenant intends to institute with respect to Taxes payable by the Tenant and obtain the prior written consent of the Landlord for the appeal or contestation, which consent shall not be unreasonably withheld. If the Tenant obtains the Landlord’s consent and does not pay the Taxes before the appeal or contestation, the Tenant shall, (i) deliver to the Landlord such security for the payment of the Taxes as the Landlord reasonably requires; (ii) promptly and diligently prosecute the appeal or contestation; and (iii) keep the Landlord informed on all aspects of it. (c) The Tenant shall indemnify and save the Landlord harmless from all loss, cost, charges and expenses arising from Taxes payable by the Tenant whether against the Landlord or the Tenant including, but not limited to increases in Taxes arising directly or indirectly out of an appeal or contestation by the Tenant. (d) The Landlord shall promptly deliver to the Tenant notices of any assessments or bills for Taxes or other assessments or bills received by the Landlord that relate to the Premises. The Landlord shall not institute any tax appeal or other contestation of Taxes without first obtaining the consent of the Tenant which shall not be unreasonably withheld.

Appears in 4 contracts

Samples: Industrial Lease (Bway Corp), Industrial Lease (Bway Corp), Industrial Lease (Bway Corp)

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