Property Taxes; Sales Tax Rate; Surcharge Sample Clauses

Property Taxes; Sales Tax Rate; Surcharge. Prior to the Fee Commencement Date, Owner shall cause the Project land to be legally subdivided so that the Venue land becomes a legal and tax parcel, separate from any other portion of the Project. Subject to the foregoing, during the Term, the Property Taxes on the Venue shall be an Owner Expense. “Property Taxes” means real estate taxes and assessments collected by the Tulsa County and / or Wagoner County Treasurer / Assessor. Owner shall promptly pay all Property Taxes. The Parties acknowledge that the applicable sales tax rate (State, County and City) is 8.42%. Adjusted Gross Revenues will be subject to a 1% surcharge, which Operator will be permitted to assess as a patron “pass-through” on the sale of tickets, merchandise, concessions, etc.