Common use of REAL ESTATE AND OTHER TAXES Clause in Contracts

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.

Appears in 2 contracts

Samples: Lease Agreement (MST Enterprises Inc), Lease Agreement (MST Enterprises Inc)

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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.

Appears in 1 contract

Samples: Lease Agreement (MST Enterprises Inc)

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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.

Appears in 1 contract

Samples: Lease Agreement (MST Enterprises Inc)

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