PAYMENT OF TAXES AND OTHER ASSESSMENTS. Landlord shall pay annually all real estate taxes on the demised premises existing at the commencement of this Lease. However, Tenant shall reimburse Landlord for their pro rata share of any and all taxes and other assessments assessed or levied against the premises, as well as any special assessment imposed upon the demised premises for any purpose whatsoever during the term, whether the in taxation results from a higher tax rate or an increase in the assessed valuation of the demised premises or of both. However, if the improvements upon the demised premises are not fully assessed by the local assessor's office during the agreed upon base year, the tax base will be amended in the following manner. The millage rate established in the year as set out above shall be applied to the assessed value of the demised premises when fully assessed by the Tax Assessor's office. Should the full assessment not be completed until after this Lease expires or is terminated, this increase will be due and payable upon demand. If the taxes of the demised premises are increased because of the fixtures added by Tenant, Tenant shall reimburse Landlord for all taxes assessed because of said improvements. Such payment shall be made by Tenant and Landlord not later than thirty (30) days following the date on which Landlord provides Tenant with written evidence of such increase. In the event the premises are less than the entire property assessed for such taxes for any such year, then the tax for any such year applicable to the premises shall be determined by proration on the basis that the rentable floor area of the premises bears to the rentable floor area of the entire property assessed. If the final year of the Lease term fails to coincide with the tax year, then any excess for the tax year during which the term ends shall be reduced by the pro rata part of such tax beyond the Lease term. For the purpose of this covenant, it is agreed that the premises demised hereunder contains 6,000 square feet and the rentable area of the building is 10,000 square feet. Tenant's Pro-Rata share is 60.0%.
PAYMENT OF TAXES AND OTHER ASSESSMENTS. Lessee shall be responsible for any Linn County real property taxes, if any, on the premises during the lease term.
PAYMENT OF TAXES AND OTHER ASSESSMENTS. Tenant shall pay its proportionate share when they are due of all property taxes, license fees and assessments levied or imposed against the premises or measured by the rent payable hereunder during the term of this Lease or any extension thereof, by Federal, state, nmicipal or other governmental authority; provided, however, that no law or practice postponing the payment of such taxes, assessments or charges until after the termination of this Lease shall relieve Tenant of the obligation to make such payments. Payment of such taxes shall be made by Tenant to Landlord not later than thirty (30) days following the date on which Landlord provides Tenant with written evidence of such taxes in the form of a copy of the tax return or notice. If Tenant fails to pay any of such taxes, charges or other impositions when due. Landlord may pay the same under the provisions of paragraph 1.9, hereinafter set forth. Anything herein to the contrary notwithstanding, if Tenant deems excessive or illegal any such tax or assessment, Tenant may defer payment thereof so long as the validity or the amount thereof is contested by Tenant in good faith, in which case Tenant shall furnish to Landlord a bond, in form reasonably satisfactory to Landlord, in an amount equal to the amount of taxes or assessments so contested, which bond shall guarantee the payment thereof with interest and penalties thereon.
PAYMENT OF TAXES AND OTHER ASSESSMENTS. As a tax exempt entity, the Landlord does not expect to be assessed real estate and personal property taxes and other related assessments or taxes on the Premises. However, should Tenant change the tax status or should other circumstances cause taxes or assessments to be imposed on the Premises, then Tenant shall pay a pro-rata share of real estate and personal property taxes and other related assessments or taxes for the Tenant’s Premises during the term of this Lease Agreement.
PAYMENT OF TAXES AND OTHER ASSESSMENTS. The Borrower will fulfill all of its obligations in connection with the payment of taxes and other assessments as more fully set forth in the Credit Agreement.
PAYMENT OF TAXES AND OTHER ASSESSMENTS. The Mortgagor will fulfill all of its obligations in connection with the payment of taxes and other assessments as more fully set forth in the Credit Agreement.
PAYMENT OF TAXES AND OTHER ASSESSMENTS. Landlord shall pay annually all real estate taxes on the Demised Premises. Lxxxxxxx and Txxxxx agree that all Tax payments owed hereunder are included in the monthly CAM.
PAYMENT OF TAXES AND OTHER ASSESSMENTS. Tenant shall pay all taxes and assessments, license fees and charges during the term of this Lease.
PAYMENT OF TAXES AND OTHER ASSESSMENTS. Landlord shall pay annually all real estate taxes on the demised premises. However, Tenant shall upon demand, reimburse Landlord for all taxes and other assessments assessed or levied against the premises. Such payment shall be made by Tenant to landlord not later than ten (10) days following the date on which Landlord provides Tenant with written evidence of such taxes or assessments. If the final year of the Lease term fails to coincide with the tax year, than any tax during which the term ends shall be reduced by the pro rata part of such tax beyond the Lease term. Additionally, if the lease year begins in the middle of a tax year or some portion thereof, then taxes will be pro-rated accordingly. For the purpose of this convenant, it is agreed that the premises hereunder contains 24.649 square feet and the total area contains 24.649 square feet. -------- -------- Tenant's Pro Rata Share is 100 %. ------- In the event that any documentary stamp tax, or tax levied on the rental, leasing or letting of the premises whether local, state or federal is required to be paid to the execution hereof, the cost thereof shall be borne by the Tenant.
PAYMENT OF TAXES AND OTHER ASSESSMENTS. The Company will pay or cause to be paid all taxes, assessments and other governmental, municipal or other public dues, charges, fines or impositions imposed or levied upon the Collateral or on the interests created by this Mortgage or with respect to the filing of this Mortgage, and any tax or excise on rents or other tax, however described, assessed or levied by any state, federal or local taxing authority as a substitute, in whole or in part, for taxes assessed or imposed on the Collateral or on the lien and other interests created by this Mortgage, and at least 10 days before said taxes, assessments and other governmental charges are due, the Company will deliver receipts therefor to the Credit Obligor or, in the case of mortgage filing privilege taxes, pay to the Credit Obligor an amount equal to the taxes. The Company may, at its own expense, in good faith contest any such taxes, assessments and other governmental charges and, in the event of any such contest, may permit the taxes, assessments or other governmental charges so contested to remain unpaid during the period of such contest and any appeal therefrom, provided that during such period enforcement of such contested items shall be effectively stayed.
