Realty Taxes. (i) That the Tenant will pay, as additional rent, in each and every year during the Term and within the time or times hereinafter provided, directly to the Landlord or to the taxing authority as the Landlord may direct from time to time, and discharge all real property taxes (including local improvement rates, impost charges or levies), rates, duties and assessments of any nature or kind that may be levied, rated, charged or assessed against the Leased Premises or any part thereof, from time to time during the Term, and any extension or renewal thereof, by any taxing authority, whether federal, provincial, municipal, school or otherwise, and including but without limitation, any such taxes payable by the Landlord which are imposed in lieu of or as a substitute for such real property taxes or on account of the Landlord’s ownership of the Leased Premises, whether of the foregoing character or whether same existed at the commencement of the Term. The Tenant agrees to provide the Landlord with a copy of any real property tax bills and real property assessment notices for the Leased Premises. The Tenant will, upon request, promptly deliver to the Landlord receipts for payment of all such real property taxes paid to any such taxing authorities, as aforesaid, and will furnish and deliver all such other information in connection therewith as the Landlord may reasonably require.
(ii) The amount payable by the Tenant pursuant to Paragraph 8(c)(i) may be estimated by the Landlord and shall be payable by the Tenant over the period covering the first nine (9) months of each calendar year throughout the Term or as may be estimated by the Landlord for such other period or periods as the Landlord may determine from time to time. Upon receipt of written notification from the Landlord, the Tenant shall pay to the Landlord the amount so estimated in monthly instalments in advance on the first day of each calendar month during such period, together with all other rental payments provided for in this Lease. Notwithstanding anything hereinbefore contained, if the Landlord decides to be responsible in the first instance for the payment of real property taxes in respect of the Leased Premises in accordance with the provisions of this Paragraph 8(c) and if at any time when payment by the Landlord of the real property taxes (including local improvement rates), whether interim, instalment or final is due, the Landlord shall not have on deposit a sufficient sum to pay the full amount...
Realty Taxes. 2.1.1 Realty taxes (including local improvement charges), and utility rates, except insofar as same are included in common expenses and estimated common expenses shall be apportioned and allowed to the Closing Date. With respect to Realty Taxes (including local improvement charges), the same shall be estimated as if the Property had been assessed as fully completed by the relevant taxing authority for the calendar year in which the Closing Date occurs, and shall be adjusted as if such taxes had been paid by the Vendor, notwithstanding that same may not, by the Closing Date, have been levied or paid, subject however to readjustment upon the actual amount of such taxes being ascertained.
2.1.2 Subject to the Purchaser complying with all his/her obligations, a readjustment will be made by the Vendor the later of one hundred and eighty (180) days or receipt of the final assessment for Realty Taxes as applicable to the Property.
2.1.3 Purchaser shall pay any charge of the municipality in respect of creating a new separate tax account for the Property.
Realty Taxes. The Borrower shall ensure that all realty taxes and any other taxes applicable to the Project have been paid at all times when due except if such taxes are Permitted Encumbrances. On each anniversary date of the mortgage, the Borrower will provide to the Lender proof that the taxes are current, an update that insurance is still in effect and updated financial statements for the Borrower and any corporate guarantor as well as updated personal net worth statements for any personal guarantors.
Realty Taxes. (i) That the Tenant will, as additional rent, in each and every year during the Term and within the time or times hereinafter provided, pay directly to the Landlord or to the taxing authority as the Landlord may direct from time to time, and discharge all real property taxes (including local improvement rates, impost charges or levies), rates, duties and assessments of any nature or kind that may be levied, rated, charged or assessed against the Leased Premises or any part thereof, from time to time by any taxing authority, whether federal, provincial, municipal, school or otherwise, and including, but without limitation, any such taxes payable by the Landlord which are imposed in lieu of or as a substitute for or in addition to such real property taxes or on account of the Landlord’s ownership of the Lands and the Building, whether of the foregoing character or whether same existed at the commencement of the Term (collectively “real property taxes”).
(ii) If there are separate real property tax bills and separate real property assessment notices for the Leased Premises, the Tenant agrees to provide the Landlord within ten (10) days after demand therefor by the Landlord with a copy of any separate real property tax bills and separate real property assessment notice for the Leased Premises. The Tenant will, upon request, promptly deliver to the Landlord receipts for payment of all such real property taxes paid to any such taxing authorities, as aforesaid, and will furnish and deliver all such other information in connection therewith as the Landlord may reasonably require. The Tenant shall pay to the Landlord its proportionate share of all real property taxes levied or assessed against the Common Areas and Facilities of the Building on the basis of a separate real property tax xxxx and separate real property assessment notice for such Common Areas and Facilities.
(iii) If there is not a separate real property tax xxxx and separate real property assessment notice for the Leased Premises and the Common Areas and Facilities, the Tenant shall pay its share (the “Tenant’s Share”) of such real property taxes (including local improvement taxes and rates) which may be levied, rated, charged or assessed by any lawful taxing authority against the lands, buildings and improvements comprising the Building (including the Common Areas and Facilities) or on account of the Landlord’s ownership of them within the time or times hereinafter provided. The Tenant’s Share shall ...
Realty Taxes. The Landlord will pay Realty Taxes. However, the Landlord may defer payment of Realty Taxes, or defer compliance with laws in connection with the levying of Realty Taxes, to the extent legally permitted, if it diligently prosecutes a contest or appeal of the Realty Taxes.
Realty Taxes. Landlord shall pay all real property taxes which have been or may be assessed by any lawful authority against the Premises. Tenant shall reimburse Landlord for the real property taxes related to the Premises as Additional Rent as provided for in Section 3.02.
Realty Taxes. All real estate taxes in respect to any calendar year prior to the year in which the Closing Date occurs, including penalties, interest and deferred payments, shall be paid by Vendor on or before the Closing Date. Purchaser shall have the same obligation for the period of time subsequent to the calendar year in which the Closing Date occurs. All real estate taxes attributable to the Property due and payable in the calendar year in which the Closing Date occurs shall be prorated as of the Closing Date (the day itself to be apportioned to the Purchaser). If the Closing Date shall occur before the actual real estate taxes for the year of the Closing Date (i.e., taxes due and payable in 2003) are known, the apportionment of real estate taxes shall be upon the basis of the real estate taxes for the immediately preceding year, provided that if the taxes for the current year are thereafter determined to be more or less than the real estate taxes for the preceding year (after any appeal in assessed valuation thereof is concluded) Vendor and Purchaser promptly shall adjust the proration of such real estate taxes and Vendor or Purchaser, as the case may be, shall pay to the other any amount required as a result of such an adjustment. If there is any refund, this shall be prorated between Vendor and Purchaser based on the Closing Date. For purposes of calculating prorations, all prorations shall be made on the basis of the actual number of days of the year and month which have elapsed as of the Closing Date.
Realty Taxes. Evidence of the payment of realty taxes to the Secured Property shall be provided on a no less than annual basis.
Realty Taxes. 2.1.1 Realty taxes (including local improvement charges), and utility rates, except insofar as same are included in common expenses and estimated common expenses shall be apportioned and allowed to Closing. With respect to realty taxes (including local improvement charges), the same shall be estimated as if the property had been assessed as fully completed by the relevant taxing authority for the calendar year in which the Closing Date occurs, and shall be adjusted as if such taxes had been paid by the Vendor, notwithstanding that same may not, by Closing, have been levied or paid, subject however to readjustment upon the actual amount of such taxes being ascertained.
2.1.2 Subject to the Purchaser complying with all his/her obligations, a readjustment will be made by the Vendor the later of one hundred and eighty (180) days or receipt of the final assessment for Realty Taxes as applicable to the subject property.
2.1.3 Purchaser shall pay any charge of the municipality in respect of creating a new separate tax account for the within property.
Realty Taxes. That the Tenant will pay, as additional rent, in each and every year during the Term and within the time or times hereinafter provided, directly to the Landlord or to the taxing authority as the Landlord may direct from time to time, and discharge all real property taxes (including local improvement rates, impost charges or levies), rates, duties and assessments of any nature or kind that may be levied, rated, charged or assessed against the Leased Premises or any part thereof, from time to time during the Term, and any extension or renewal thereof, by any taxing authority, whether federal, provincial, municipal, school or otherwise, and including but without limitation, any such taxes payable by the Landlord which are imposed in lieu of or as a substitute for such real property taxes or on account of the Landlord’s ownership of the Leased Premises, whether of the foregoing character or whether same existed at the commencement of the Term. The Tenant agrees to provide the Landlord with a copy of any real property tax bills and real property assessment notices for the Leased Premises. The Tenant will, upon request, promptly deliver to the Landlord receipts for payment of all such real property taxes paid to any such taxing authorities, as aforesaid, and will furnish and deliver all such other information in connection therewith as the Landlord may reasonably require.
