Obligation to Pay Taxes Sample Clauses

Obligation to Pay Taxes. It is understood that DEVELOPER shall continue to pay all taxes owed on the Property Site as required by law. Taxes owed shall be determined by the Bexar County Appraisal District. Prior to the CITY disbursing TIRZ funds under this Agreement, DEVELOPER must provide to CITY evidence indicating that all taxes owed by DEVELOPER on the Property Site have been paid in full for the tax year for which payment of the Annual Incremental Property Tax Reimbursement is sought, subject to DEVELOPER's right to protest taxes as permitted by law. If, during the Term of this Agreement, DEVELOPER allows its ad valorem taxes due on the Property Site to become delinquent and fails to timely and properly follow the legal procedures for the protest and/or contest of the taxing value, then the CITY and TIRZ's remedies under this Agreement shall apply.

Obligation to Pay Taxes. Throughout the entire Term of this Lease, Tenant shall bear, pay and discharge as Additional Rent and not later than the last day on which payment may be made without penalty or interest, any and all taxes, assessments and other governmental impositions and charges of every kind and nature whatsoever, extraordinary as well as ordinary, and each and every installment thereof which shall or may during the Term hereof be charged, laid, levied, assessed, or imposed upon, or arise in connection with, the use, occupancy or possession of the Premises or any part thereof, including, without limitation, ad valorem real and personal property taxes, and all taxes charged, laid, levied, assessed or imposed in lieu of or in addition to any of the foregoing by virtue of all present or future laws, ordinances, requirements, orders, directions, rules or regulations of federal, state, county and municipal governments and of all other governmental authorities whatsoever. Upon payment, Tenant shall promptly furnish to Landlord satisfactory evidence of the payment of all taxes, assessments, impositions or charges required to be paid by Tenant pursuant to the foregoing. Further, with respect to the calendar year in which the Term of this Lease commences, and any tax period or year prior to the Commencement Date (if different than a calendar year), Tenant shall be obligated to pay or cause to be paid, and shall pay or cause to be paid, all ad valorem taxes and personal property taxes and other charges and assessments due for such entire calendar year (or tax year) notwithstanding the date this Lease commences. Notwithstanding the foregoing, Tenant shall have the right, after prior written notice to Landlord, to contest at its own expense the amount and validity of any taxes affecting the Premises by appropriate proceedings under applicable law conducted in good faith and with due diligence and to postpone or defer payment thereof, provided and so long as: (a) Such proceedings shall operate to suspend the collection of such taxes from Tenant or the Premises; (b) Neither the Premises nor any part thereof would be in immediate danger of being forfeited or lost by reason of such proceedings, postponement or deferment; and (c) In the case of the tax affecting the Premises which might be or become a lien, encumbrance or charge upon or result in any forfeiture or loss of the Premises or any part thereof, or which might result in loss or damage to Tenant or Landlord, Tenant, prior to t...

Obligation to Pay Taxes. Payments under this Agreement shall be made in full in the agreed amounts without deduction for taxes of any kind whatsoever. Any taxes that may be due and payable as a result of Omeros’ payments under this Agreement are solely North Coast’s responsibility.

Obligation to Pay Taxes. Payments under this Agreement shall be made in full in the agreed amounts without deduction for taxes of any kind whatsoever. [†].

Obligation to Pay Taxes. Lessor shall pay all real estate taxes and installments of special assessments last due and payable without penalty on the Grand Rapids Plant during the period commencing September 1, 1986, and ending December 31, 1987, before the same are delinquent, without proration. Thereafter, during the term of this Lease and any extensions, Lessee shall pay all real estate taxes and installments of special assessments with respect to the Grand Rapids Plant before the same are delinquent, without proration, and indemnify Lessor against any liability therefor. The party responsible for the payment of such taxes and assessments shall, upon request, promptly provide evidence of payment to the other party.

Obligation to Pay Taxes. It is understood that DEVELOPER shall continue to pay all taxes owed on the Property Site as required by law. Taxes owed shall be determined by the Bexar County Appraisal District. Prior to the CITY disbursing funds under this Agreement, DEVELOPER must provide to CITY evidence indicating that all taxes owed on the Property Site have been paid in full for the tax year for which payment of the Annual Incremental Property Tax Reimbursement is sought, subject to right to protest taxes as permitted by law. If, during the Term of this Agreement, the ad valorem taxes due on the Property Site become delinquent and failure to timely and properly follow the legal procedures for the protest and/or contest of the taxing value occurs, then the CITY's remedies under this Agreement shall apply.

Obligation to Pay Taxes. Concessionaire agrees to pay all lawful taxes, assessments, or charges that at any time may be levied by the State, County, City, or any tax or assessment levying body upon any interest in or created by this contract, or any possessory right that Concessionaire may have in or to the premises covered hereby, or the improvements thereon by reason of Concessionaire’s use or occupancy thereof or otherwise, as well as all taxes, assessments, and charges on goods, merchandise, fixtures, appliances, equipment, and property owned by Concessionaire in or about the Premises. Concessionaire shall pay in each Tax Year during the Term, either to City (in which case it shall be deemed as Additional Rent) or directly to the appropriate taxing authorities, all real estate taxes, bonds, levies or charges, ad valorem taxes and assessments, general and special assessments, taxes on the Premises, or any other tax imposed upon or levied against real estate or upon owners of real estate, including taxes upon leasehold improvements payable with respect to or allocable to the Premises, all land and all buildings and improvement situated thereon, and Concessionaire's proportionate share of taxes allocable to the Premises, whether assessed to the Premises or to City. Any taxes to be paid by Concessionaire under this Article VI shall be paid directly to the proper taxing authorities when due or, at minimum, not less than ten (10) days prior to delinquency or, if paid to City, paid within twenty (20) days of receipt of a written request from City.

Obligation to Pay Taxes. Tenant shall pay when due all real estate taxes and real estate assessments which may be imposed upon the Demised Premises and all increases and adjustments thereto or substitutions thereof during the term of this Lease; and Tenant shall pay when due all taxes and assessments imposed upon all fixtures, equipment, merchandise, or other property installed in or brought onto the Demised Premises by or for Tenant. Landlord shall cooperate with Tenant to the extent necessary to allow Tenant to notify the appropriate taxing authorities to send the bills to Tenant, and Landlord shall give prompt written notice of any claim made on or against Landlord for any tax, assessment, fee, charge or other amount Tenant is required to pay pursuant to this Section 5. 1. All amounts referred to in this Section 5.1 for the fiscal or tax year in which the Term shall begin or expire shall be apportioned so that Tenant shall pay those portions thereof which correspond with the portion of such year that is within the Term hereby demised.

Obligation to Pay Taxes. The Borrower will not use the financing under this Agreement or the issuance of the Bonds by the Authority as a basis for contesting any assessment or levy of any tax and, if any administrative body or court of competent jurisdiction shall hold for any reason that the Project facilities are exempt from taxation by reason of the financing under this Agreement or the issuance of the Bonds by the Authority or other Authority action in respect thereto, the Borrower covenants to make payments in lieu of all such taxes in an amount equal to such taxes, and, if applicable, interest and penalties.

Obligation to Pay Taxes. It is understood that Developer shall continue to pay all taxes owed on the Project Site as required by law. Taxes owed shall be determined by the Bexar County Appraisal District. Prior to the City disbursing TIRZ funds under this Agreement, Developer must provide to City evidence indicating that all taxes owed by Developer on the Project Site have been paid in full for the tax year for which payment of the Annual Incremental Property Tax Reimbursement is sought, subject to Developer's right to protest taxes as permitted by law. If, during the Term of this Agreement, Developer allows its ad valorem taxes due on the Project Site to become delinquent and fails to timely and properly follow the legal procedures for the protest and/or contest of the taxing value, then the City and TIRZ’s remedies under this Agreement shall apply.