Common use of Possessory Interest Tax Clause in Contracts

Possessory Interest Tax. Tenant recognizes and understands that this Lease may create a possessory interest subject to property taxes and that, if a possessory interest is created, Tenant shall, in accordance with this Paragraph 6 hereof, be responsible for payment of property taxes levied against such possessory interest

Possessory Interest Tax. Tenant recognizes and understands that this Lease may create a possessory interest subject to property taxes and that, if in the event that a possessory interest is created, Tenant shall, in accordance with this Paragraph 6 hereof, shall be responsible for payment of property any taxes levied against such possessory interest.

Possessory Interest Tax. Tenant recognizes and understands that this Lease may create a possessory interest subject to property taxes and that, if a possessory interest is created, Tenant shall, in accordance with this Paragraph 6 Section 12(e) hereof, be responsible for payment of property taxes levied against such possessory interest.