Common use of Proration of Impositions Clause in Contracts

Proration of Impositions. Impositions imposed in respect of the tax-fiscal period during which the Term commences and terminates shall be prorated between Landlord and Tenant, whether or not such Imposition is imposed before or after such termination, and Tenant’s and Landlord’s obligation to pay their prorated shares thereof shall survive such termination.

Appears in 2 contracts

Samples: Lease Agreement, And Restated Lease Agreement (Global Medical REIT Inc.)

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Proration of Impositions. Impositions imposed in respect of the tax-fiscal period during which the Term commences and the period in which the Term expires or terminates shall be prorated between Landlord and Tenant, whether or not such Imposition is Impositions are imposed before or after such termination, and Tenant’s and Landlord’s obligation to pay their prorated shares thereof shall survive such termination.

Appears in 2 contracts

Samples: Lease Agreement (Cornerstone Healthcare Plus Reit, Inc.), Lease Agreement (Cornerstone Healthcare Plus Reit, Inc.)

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