Payment of Real Property Taxes by Xxxxxx. Tenant shall be liable for, and shall pay throughout the Term of this Agreement, all license and excise fees payable for, or on account of, the activities conducted on the Premises and all taxes on the property of Tenant on the Premises and any taxes on the Premises and/or on the leasehold interest created by this Agreement and/or any taxes levied in lieu of a tax on said leasehold interest and/or any taxes levied on, or measured by, fees payable hereunder, whether imposed on Tenant or on the Port. Tenant shall reimburse the Port for all such taxes paid or payable by the Port. With respect to any such taxes payable by the Port that are on or measured by the rent or fee payments hereunder, Tenant shall pay to the Port with each rent or fee payment an amount as nearly as practicable equal to the tax on, or measured by, that particular payment plus or less any deficiency or surplus from prior payments. All other tax amounts for which the Port is or will be entitled to reimbursement from Tenant shall be payable by Tenant to the Port at least fifteen (15) days prior to the due dates of the respective tax amounts involved; provided, that Tenant shall be entitled to a minimum of thirty (30) days’ written notice of the amounts payable by it.
Appears in 2 contracts
Samples: Ground Lease Agreement, Ground Lease Agreement
Payment of Real Property Taxes by Xxxxxx. Tenant Lessee shall be liable for, and shall pay throughout the Term term of this Agreement, all license and excise fees payable for, or on account of, the activities conducted on the Premises and all taxes on the property of Tenant on the Premises and any taxes on the Premises and/or on the leasehold interest created by this Agreement and/or any taxes levied in lieu of a tax on said leasehold interest and/or any taxes levied on, or measured by, fees payable hereunder, whether imposed on Tenant Lessee or on the Port, excluding all income taxes and business and occupation taxes imposed on the Port. Tenant Lessee shall reimburse the Port for all such taxes paid or payable by the Port. With respect to any such taxes payable by the Port that are on or measured by the rent or fee payments hereunderhereunder (excluding all income taxes and business and occupation taxes imposed on the Port), Tenant Lessee shall pay to the Port with each rent or fee payment an amount as nearly as practicable equal to the tax on, or measured by, by that particular payment plus or less any deficiency or surplus from prior paymentspayment. All other tax amounts for which the Port is or will be entitled to reimbursement from Tenant Lessee shall be payable by Tenant Xxxxxx to the Port at least fifteen (15) days prior to the due dates of the respective tax amounts involved; provided, that Tenant Lessee shall be entitled to a minimum of thirty ten (3010) days’ written notice of the amounts payable by it.
Appears in 1 contract
Samples: Lease Agreement
Payment of Real Property Taxes by Xxxxxx. Tenant shall be liable for, and shall pay throughout the Term term of this Agreement, all license and excise fees payable for, or on account of, the activities conducted on the Premises and all taxes on the property of Tenant on the Premises and any taxes on the Premises and/or on the leasehold interest created by this Agreement and/or any taxes levied in lieu of a tax on said leasehold interest and/or any taxes levied on, or measured by, fees payable hereunder, whether imposed on Tenant or on the Port. Tenant shall reimburse the Port for all such taxes paid or payable by the Port. With respect to any such taxes payable by the Port that are on or measured by the rent or fee payments hereunder, Tenant shall pay to the Port with each rent or fee payment an amount as nearly as practicable equal to the tax on, or measured by, that particular payment plus or less any deficiency or surplus from prior payments. All other tax amounts for which the Port is or will be entitled to reimbursement from Tenant shall be payable by Tenant to the Port at least fifteen (15) days prior to the due dates of the respective tax amounts involved; provided, that Tenant shall be entitled to a minimum of thirty (30) days’ written notice of the amounts payable by it.
Appears in 1 contract
Samples: Ground Lease Agreement