Common use of Possessory Interest Taxes Clause in Contracts

Possessory Interest Taxes. Contractor recognizes and understands in signing this Agreement that its interest in the premises created herein may be subject to a “Possessory Interest Tax” that the County Assessor may impose on such interest, and that such tax liability shall not reduce any charges due County and any such tax shall be the liability of and be paid solely by Contractor. Contractor agrees to pay promptly, when due, any Possessory Interest Taxes imposed on its interest in the premises. Such tax will be an allowed cost in Contractor’s program budget.

Possessory Interest Taxes. Contractor recognizes and understands in signing this Agreement that its interest in the premises created herein may be subject to a “Possessory Interest Taxpossessory interest tax” that the County Assessor may impose on such interest, and that such tax liability shall not reduce any charges due County and any such tax shall be the liability of and be paid solely by Contractor. Contractor agrees to pay promptly, when due, any Possessory Interest Taxes possessory interest taxes imposed on its interest in the premises. Such tax will be an allowed cost in Contractor’s program budget.

Possessory Interest Taxes. Contractor recognizes and understands in signing this Agreement that its interest in the premises created herein may be subject to a “Possessory Interest Taxpossessory interest tax” that the County Assessor may impose on such interest, and that such tax liability shall not reduce any charges due County County, and any such tax shall be the liability of and be paid solely by Contractor. Contractor agrees to pay promptly, when due, any Possessory Interest Taxes possessory interest taxes imposed on its interest in the premises. Such tax will be an allowed cost in Contractor’s program budget.