REAL ESTATE AND OTHER TAXES. Landlord shall pay before they become delinquent real estate taxes imposed during the Term and any Extensions upon or against the Leased Premises ("Real Estate Taxes"). Landlord shall be solely responsible for payment of any and all penalties imposed for any late payment. Tenant shall, within thirty (30) days upon receipt from Landlord of a copy of the paid tax bill xxx an invoice, reimburse Landlord for payment of the Real Estate Taxes. Real Estate Taxes for the year in which the Term shall begin and the year in which the Lease shall terminate shall be prorated so that Tenant shall pay only those portions thereof which corresponds with the portion of said years as are within the Term or the current Extension. Nothing herein contained shall require Tenant to pay monthly corporation, franchise, income, estate, gift or inheritance taxes imposed on Monthly Rent which may be levied or assessed against landlord, fee owner, or their successor in title.
REAL ESTATE AND OTHER TAXES. (a) Tenant shall be obligated each Lease Year or any portion thereof in which it is a tenant for the payment of its Pro Rata Share of all real estate taxes and assessments (at the discount rate provided Tenant pays its rent and Pro Rata Share of real estate taxes and assessments, insurance premiums, CAM Charges and Common Outside Area Expenses when due). Landlord shall be responsible for payment in the first instance of all such taxes and assessments on the Property. Upon receipt Landlord shall submit a bxxx to Tenant, together with photostatic copies of all tax bills and all notices concerning assessments, and a computation of Tenant's Pro Rata Share. Within 30 days of submission of each such bxxx and information, Tenant shall reimburse Landlord in the amount required by this Lease, and such reimbursement shall be deemed to be additional rent. Landlord shall have the right but not the obligation to appeal assessments on the Property, and Tenant shall pay its Pro Rata Share of the reasonable cost (including reasonable fees of attorneys and appraisers) of any such appeal pursued by Landlord to reduce any real estate taxes upon submission by Landlord to Tenant of copies of receipts for payments by Landlord of such costs. If by virtue of any appeal, application, or proceeding brought by or on behalf of Landlord there is a reduction in the real estate taxes assessed against the Property, Tenant's Pro Rata Share of such taxes shall be reduced accordingly or, if previously paid by Tenant, Tenant's Pro Rata Share of such reduction shall be paid over and refunded to Tenant upon receipt of such refund by Landlord. Tenant shall reimburse Landlord for Tenant's Pro Rata Share of reasonable cost and expenses incurred in connection with the appeal.
(b) Real estate taxes and assessments as used herein means all real estate taxes and general and special assessments on real estate, or any tax imposed on or levied against real estate or owners of real estate in lieu of such taxes or assessments. Real estate taxes and assessments as used herein does not include any of the following, all of which shall be the sole obligation of Landlord: income, excise, profits, estate, inheritance, successor, franchise, capital or other tax or assessment upon Landlord or upon the rental receipts or other revenues of Landlord from the Property, except to the extent that rental receipts are taxed by the municipality in which the Property is located in lieu of other property taxes.
(c) If Landl...
REAL ESTATE AND OTHER TAXES. To the extent such amounts are not reflected in the calculation of the Estimated Purchase Price pursuant to Section 4.2 hereof, real estate and ad valorem taxes imposed upon or assessed against the Owned Real Property or the Leased Real Property or other Purchased Assets shall be prorated as of the Closing Date.
REAL ESTATE AND OTHER TAXES. Lessee shall promptly pay as Additional Rent its proportionate share of any real estate taxes attributable to the Premises from and after the time Lessee takes possession of the Premises and continuing during the term of the Lease and any extensions thereof. The term "real estate taxes" shall include all real estate taxes, assessments, water and sewer rents and other governmental impositions and charges of every kind and nature whatsoever, ordinary and extraordinary, general and special, foreseen and unforeseen, and each and every installment thereof (including interest) which shall be levied, assessed, imposed, due or payable, or liens upon, arising in connection with the use, occupancy or possession of or become due and payable out of, or for, the Premises and the building and real property of which the Promises are a pail or any part thereof, and all costs incurred by Lessor in contesting or negotiating the same with a governmental authority ("Real Estate Taxes"). Lessee shall pay to Lessor as Additional Rent the sum of Two Thousand and no/100 ($2,000.00) Dollars per month commencing with the first monthly rental payment under this Lease, on account of Lessee's Real Estate Taxes based upon fifty (50% percent of Lessor's estimate of Real Estate Taxes. Such payment shall be due and payable on or before the first day of each month at the same time and in the same manner as rent. Said payments shall be placed in an interest bearing account and disbursed only for taxes. All interest shall be for the account of Lessee. However, Lessee shall be responsible for One Hundred (100%) percent of its share of Real Estate Taxes. Lessor shall submit to Lessee, near the end of each calendar year, a xxxx for Lessee's share of the Real Estate Taxes for the prior year. In the event that Lessee's share shall exceed the amount paid for the pr.-or year, Lessee shall pay to Lessor such excess within ten (10) days following receipt thereof. Lessor may, at its option, increase Lessee's monthly payments towards Real Estate Taxes by one-twelfth (1/12) of the excess due for the prior year. In the event Lessee has paid more than its share, such excess shall be applied to the next year as a credit against monthly installments due. The official tax bills to Lessor for Real Estate Taxes shall be conclusive evidence as to the amount of Real Estate Taxes for the period represented thereby. All calculations as to Real Estate Taxes shall be made with allowance for the maximum available dis...
REAL ESTATE AND OTHER TAXES. Purchaser acknowledges that the Premises is currently wholly exempt from real property taxes (Roll Section 8) and that upon transfer of title to the Purchaser at the Closing Date, the taxable status of the Premises conveyed shall be determined in accordance with Section 520 of the New York Real Property Tax Law (“RPTL”). Purchaser further acknowledges that a pro rata tax may be assessed by the applicable assessor as of the Closing Date pursuant to RPTL Section 520 and that the Purchaser shall be responsible for all real estate taxes assessed against the Premises as of and after the Closing. Nothing herein shall be construed to limit the provisions of section 2.1(f) herein.
REAL ESTATE AND OTHER TAXES. All real estate, occupation, ad valorem, personal property and severance taxes and charges on any of the Assets shall be prorated as of the Effective Date. Xxxxxxxxx shall pay all such items for all periods prior to such date, however, Xxxxx shall be entitled to all refunds and rebates with regard to such periods. In the event Xxxxx pays additional taxes or charges which are assessed upon or levied against any of the Assets after the Closing with respect to any period prior to the Effective Date, Xxxxxxxxx shall promptly reimburse Xxxxx the amount thereof upon presentation of a receipt therefor. If Xxxxxxxxx elects to challenge the validity of such xxxx or any portion thereof, Xxxxx shall extend reasonable cooperation to Xxxxxxxxx in such efforts, at no expense to Xxxxx.
REAL ESTATE AND OTHER TAXES. Landlord shall pay before they become Premises ("Real Estate Taxes"). Landlord shall be solely responsible for payment of any and all penalties imposed for any late payment. Tenant shall, within thirty (30) days upon receipt from Landlord of a copy of the paid tax bill xxx an invoice, reimburse Landlord for payment of the Real Estate Taxes. Real Estate Taxes for the year in which the Term shall begin and the year in which the Lease shall terminate shall be prorated so that Tenant shall pay only those thereof which corresponds with the portion of said years as are within the Term or the current Extension. Nothing herein contained shall require Tenant to pay monthly corporation, franchise, income, estate, gift or inheritance taxes imposed on Monthly Rent which may be levied or assessed against landlord, fee owner, or their successor in title.
REAL ESTATE AND OTHER TAXES. (a) From and after the Commencement Date, during the Term, Tenant shall pay directly to the applicable taxing authority or agency, as Additional Rent, Real Estate Taxes, as hereinafter defined, in accordance with this Section 5 and also all taxes relating to any of Tenant's personal property or equipment on the Leased Property. The terms used in this Section 5 are defined as follows:
REAL ESTATE AND OTHER TAXES. Owner shall pay all Real Estate Taxes with respect to the ownership of the Terminal. "Real Estate Taxes" shall include any form of real estate tax, ad valorem tax, or similar tax or assessment relating solely to the ownership of the fee interest in the Terminal and the on-site above-ground equipment as of the Commencement Date imposed by any governmental authority having the power to so tax. Any other taxes, permit fees, license fees, commercial rental tax, improvement bonds or other similar charge or taxes imposed upon the Terminal or the inventory of crude oil and/or finished oil products on hand at the Terminal by any governmental authority having the power to so tax or charge shall be borne by Customer. Additionally, Customer shall pay, prior to delinquency, all taxes assessed against and levied upon trade fixtures, furnishings, equipment and all personal property of Customer brought on-site at the Terminal by Customer following the Commencement Date.
REAL ESTATE AND OTHER TAXES. 7 2.9 Documentation of Sale and Transfer of Ownership. . 7 2.10
