Common use of Possessory Interest Tax Clause in Contracts

Possessory Interest Tax. This License is a non-possessory privilege to enter and use the Harbor District property and Licensee acknowledges that in the event this License creates a possessory interest in public property, which subjects the Owner and the Owner’s property to taxation, the obligation to pay such tax, if any, shall be the sole obligation of Licensee. I ACKNOWLEDGE THAT I HAVE READ AND UNDERSTOOD ALL THE TERMS AND CONDITIONS ON ALL PAGES OF THIS LICENSE AND AGREE TO THEM.

Possessory Interest Tax. This License is a non-possessory privilege to enter and use the Harbor District property and Licensee acknowledges that in the event this License creates a possessory interest in public property, which subjects the Owner and the Owner’s property to taxation, the obligation to pay such tax, if any, shall be the sole obligation of Licensee. Signatures on the following page: Vessel: . Owner: . I ACKNOWLEDGE THAT I HAVE READ AND UNDERSTOOD ALL THE TERMS AND CONDITIONS ON ALL PAGES OF THIS LICENSE AND AGREE TO THEM.