Real Estate Tax. (a) The term "Taxes" shall mean all taxes and assessments (including without limitation, assessments for public improvements or benefits and water and sewer use charges), and other charges or fees in the nature of taxes for municipal services which at any time during or in respect of the Lease Term may be assessed, levied, confirmed or imposed on or in respect of, or be a lien upon, the Building and the Lot, or any part thereof, or any rent therefrom or any estate, right, or interest therein, or any occupancy, use, or possession of such property or any part thereof, and ad valorem taxes for any personal property used in connection with the Building or Lot. Without limiting the foregoing, Taxes shall also include any payments made by Landlord in lieu of taxes. The Landlord agrees that Xxxxxx's share of any special assessment shall be determined (whether or not Landlord avails itself of the privilege so to do) as if Landlord had elected to pay the same in installments over the longest period of time permitted by applicable law and Tenant shall be responsible only for those installments (including interest accruing and payable thereon) or parts of installment that are attributable to periods within the Lease Term. Should the Commonwealth of Massachusetts, or any political subdivision thereof, or any other governmental authority having jurisdiction over the Building, (1) impose a tax, assessment, charge or fee, which Landlord shall be required to pay, by way of substitution for or as a supplement to such Taxes, or (2) impose an income or franchise tax or a tax on rents in substitution for a tax levied against the Building or the Lot or any part thereof and/or the personal property used in connection with the Building or the Lot or any part thereof, all such taxes, assessments, fees or charges ("Substitute Taxes") shall be deemed to constitute Taxes hereunder. Taxes shall also include, in the year paid, all fees and costs incurred by Landlord in seeking to obtain a reduction of, or a limit on the increase in, any Taxes, regardless of whether any reduction or limitation is obtained. Notwithstanding anything herein to the contrary, Taxes shall not include any federal, state or local income, inheritance, estate, succession, conveyance, transfer, gift, franchise, net income or capital stock tax nor any interest and penalties assessed by reason of Landlord’s failure to pay such real estate taxes when due.
Real Estate Tax. The Real Estate has not been subject to real estate tax during the time it has been owned by the County. Future real estate taxes and assessments on the Real Estate shall be paid by Keweenaw Resort as such become due and payable.
Real Estate Tax. “Real Estate Taxes” means: (i) any fee, license fee, license tax, business license fee, commercial rental tax, levy, charge, assessment, penalty or tax imposed by any taxing authority against the Premises; (ii) any tax on the Landlord’s right to receive, or the receipt of, rent or income from the Premises or against Landlord’s business of leasing the Premises; (iii) any tax or charge for fire protection, streets, sidewalks, road maintenance, refuse or other services provided to the Premises by any governmental agency; (iv) any tax imposed upon this transaction, or based upon a reassessment of the Premises due to a change in ownership or transfer of all or part of Landlord’s interest in the Premises; and (v) any charge or fee replacing any tax previously included within the definition of real property tax. Notwithstanding any of the foregoing to the contrary, Tenant shall have no liability for taxes based on Landlord’s net income or any similar tax.
Real Estate Tax. If, in any Tax Year (as herein defined) or the portion of a Tax Year which begins with XXXXXX'S first occupancy of the Leased Premises and ends on June 30, XXXXXX's Real Estate Tax Expenses per square foot of rentable floor area of the Building exceed LESSEE's share of Real Estate Tax Expenses Included in Annual Fixed Rent as specified in Article 1 herein, then, on or before the thirtieth day following receipt by LESSEE of written notice from LESSOR that such increased taxes are payable, LESSEE shall pay to LESSOR, as Additional Rent, the difference between (a) LESSOR's Real Estate Tax Expenses Allocable to the Leased Premises, as hereinafter defined, less (b) the product of (i) LESSEE's Share of Real Estate Tax Expenses Included in Annual Fixed Rent and (ii) the Total Rentable Floor Area of the Leased Premises. LESSOR shall promptly pay to LESSEE. XXXXXX's proportionate share of any refund or abatement of Real Estate Tax Expenses received by XXXXXX.
Real Estate Tax. Expenses shall equal electric transmission-related real estate tax expense as recorded in FERC Account No. 408.1.
Real Estate Tax. The costs of all real estate and school taxes assessed or imposed, collected or exacted by any competent authority in respect to the Property imposed on the Landlord in respect to the same as well as any new tax to replace or to be legally added to any tax currently imposed (the “Real Estate Tax”), but excluding specifically:
4.3.1 any property transfer tax following a sale in whole or in part of the Property;
4.3.2 income tax on the profit of the Landlord or Landlord’s Business tax;
Real Estate Tax. Tenant’s “base tax year” for Real Estate Taxes shall be the fiscal year 2010/2011. Tenant’s Share with respect to the Original Demised Premises shall remain three percent (3%).
Real Estate Tax. In addition to the basic rent payments as aforesaid, Lessee shall pay, if due, additional rent payments for real estate taxes. If in any period commencing with July 1, 1998 (Fiscal Year 1999) the real estate taxes on the land and building of which, the leased Premises are a part, are in excess of the amount of real estate taxes thereon for Fiscal year 1998, hereinafter called the base year, Lessee will pay to lessor as additional rent hereunder, when and as designated by notice in writing by Lessor, 15% of such excess that may occur in each year of the term of this Lease and any extensions thereafter, and proportionately for any part of a fiscal or calendar year. Percentage adjustment(s) shall proportionately be made, if necessary or appropriate, to account for the amount of space occupied by Lessee during any year, so that for example if spaces A and B were not occupied for a given year, the percentage of excess Lessee would be responsible for would be reduced from 15% to 9%. Lessor shall waive the first six (6) month's period bill xxx Lessee's share of real estate tax increases (if any), as may become due per this section. Nothing herein shall change the intent that the base year for computation throughout the Term of this Lease and any extensions shall remain fiscal year 1998. If the Lessor obtains an abatement of any such excess real estate tax and where the lessee has paid excess real estate tax share over real estate base year tax under this formula, Lessor shall refund proportionately to Lessee one-half of such pro-rated excess abated real estate taxes; this is agreed to for simplicity to allow for Lessor's or third Party services and/or expenses to obtain any such abatements. The base year is fiscal year 1998 as assessed, without regard to any abatements that may be obtained for said fiscal year 1998. These payments shall be payable as per clauses 8, 9, and 10.
Real Estate Tax. All the real estate tax relevant to the transaction shall be paid off by the Seller. The Buyer is responsible for any real estate agent fees.
Real Estate Tax. Tenant shall pay as additional rental a 4% increase in Real Estate Tax escalation over base year 2006/2007;
