Rent and Taxes. 4.1 The Parties acknowledge and agree that rent of Ringgit One (RM1.00) per month is due and payable by Tenant to Landlord in advance for the rental of the Premises pursuant to this Tenancy Agreement. The Parties further acknowledge and agree that the rent for the Tenancy Term has been paid by Tenant to Landlord simultaneously with the execution of this Tenancy Agreement.
4.2 Within thirty (30) days following Tenant’s receipt of evidence of Landlord’s payment of the following assessments (together with a copy of the original governmental invoice and Landlord’s calculation of Tenant’s share pursuant hereto), Tenant shall reimburse Landlord for its proportionate share of the following assessments:
(a) Quit Rent — assessed annually by the Penang Land Office on land, Tenant’s share shall be based on the relative square footage of the Premises Land to the square footage of the Land being assessed, which as of the date hereof is US$71,000 in the aggregate per annum for the Land; and
(b) Local Assessment — assessed semi-annually by the Penang Municipal Council on buildings, Tenant’s share shall be the portion of the Local Assessment related to the buildings on the Premises Land based on the value ascertained by the Penang Municipal Council, which as of the date hereof is US$175,000 in the aggregate per annum for the Land.
Rent and Taxes. In addition to the provisions of Section 15, all Rent due Landlord herein is exclusive of any sales, business and occupational gross receipts or tax based on rents or tax upon this Lease or tax measured by the number of employees of Tenant or the area of the Premises or any similar tax or charge. If any such tax or charge be hereafter enacted, Tenant shall reimburse to Landlord the amount thereof with each monthly Base Rent payment. If it shall not be lawful for Tenant to so reimburse Landlord, the monthly Base Rent payable to Landlord under this Lease shall be revised to net Landlord the same net rental after imposition of any such tax or charge upon Landlord as would have been payable to Landlord prior to the imposition of such tax or charge. Tenant shall not be liable to reimburse Landlord any federal income tax or other income tax of a general nature applicable to Landlord’s income or which is otherwise expressly carved out of Tenant’s tax obligations set forth in Section 4(B)(v).
Rent and Taxes. Upon proof that Tenant, Mississippi Aquarium, is a “not-for-profit” corporation according to the laws of the State of Mississippi, and that it has applied for “tax exempt status” by the Internal Revenue Service, the City of Gulfport shall waive any and all rent during the term of this Lease in exchange of the consideration herein. In the event that tenant is denied or loses its tax exempt status, the parties shall, pursuant to and in accordance with Mississippi law, either renegotiate and amend the Lease to require payment of fair market value rent from the date of commencement of this Lease Agreement in the case of a denial or from the date of loss of tax exempt status as established by the Internal Revenue Service in the event of loss of tax exempt status, or at either’s party’s option, terminate the Lease. Should this Lease Agreement result in any taxes, including ad valorem taxes, being assessed to Tenant on its leasehold interest in the Leased Premises or in any way assessed against the City by any appropriate and duly authorized taxing authority, Tenant shall be solely responsible for the payment of the same.
Rent and Taxes. In addition to the provisions of Section 15, all rent due Landlord herein is exclusive of any sales or tax based on rents or tax upon this Lease or tax measured by the number of employees of Tenant or the area of the Premises or any similar tax or charge. If any such tax or charge be hereafter enacted, Tenant shall reimburse to Landlord the amount thereof with each monthly Base Rent payment. If it shall not be lawful for Tenant to so reimburse Landlord, the monthly Base Rent payable to Landlord under this Lease shall be revised to net Landlord the same net rental after imposition of any such tax or charge upon Landlord as would have been payable to Landlord prior to the imposition of such tax or charge. Tenant shall not be liable to reimburse Landlord any federal income tax or other income tax of a general nature applicable to Landlord’s income.
Rent and Taxes. 2 (a) Rent for Initial and Renewal Terms............................................................2 (b)
Rent and Taxes. 3 2.1 Rent ........................................................3 2.2
Rent and Taxes. No matter what else happens, you must pay us:
(a) Each Rent Instalment on or before the due date; and
(b) All the Taxes payable in respect of the Rent Instalments and this agreement.
Rent and Taxes. A. [Xxxxxx] shall pay to [Landowner] without demand, rent in the amount of per month (the “Rent”). [Xxxxxx] shall deliver the rent by the first day of each month at the address specified in the Preamble. A late penalty of [e.g., 5%] per month will be assessed on all late payments. [Xxxxxx] agrees and acknowledges that the late penalty is necessary to compensate [Landowner] for lost interest, the opportunity cost of renting the property, and any legal fees or expenses incurred in enforcing its rights pursuant to this Agreement.
B. Prior to taking possession of the property, [Xxxxxx] shall deliver to [Landowner] a security deposit of $ . Alternative Provisions Crop share:
A. All costs and returns shall be divided between [Landowner] and [Xxxxxx] as provided below.
(a) The [Xxxxxx] shall pay as rent the shares or quantities of crops as indicated below: Crop Acres Share paid as rent Place of Sale or Delivery 1. / / / 2. / / / 3. / / / 4. / / /
(b) [Xxxxxx] shall consult with [Landowner] regarding the time, price, and other manner of sale of crops prior to any sale. (c) [Landowner] shall pay the following share or quantities of expenses as indicated below: Expense Share or Amount Date of Payment Paid to [Xxxxxx] 1. / / 2. / / 3. / / 4. / /
(d) [Xxxxxx] shall consult with [Landowner] regarding any shared expenditure which exceeds $ .
C. [Landowner] shall pay for all taxes and assessments on the Premises, with the exception of those taxes that are directly attributable to agricultural or other production- and sales-based activities being conducted by [Xxxxxx] on the Premises.
D. If [Landowner] accepts an offer for a renewal term, the annual rent for the renewal term shall be adjusted using the CPI for the New England region in [year of renewal] as an index and the [first year of lease] as a base year (as set forth by the Government of the United States, Base Year = 1982-1984). The rent shall not decrease during the renewal term.
Rent and Taxes. (a) Rent for Initial Term and Any Renewal Term. Lessee convents and agrees to pay Lessor for the Leased premises during the Initial Term of this Lease and the Renewal Term hereunder the amounts set forth (the "Rent") in Exhibit B. The Rent paid by Lessee shall be subject to Florida sales tax which tax will be collected by Lessor from Lessee.
Rent and Taxes. A. [Xxxxxx] shall pay to [Landowner] without demand, rent in the amount of _______ per month (the “Rent”). [Xxxxxx] shall deliver the rent by the first day of each month at the address specified in the Preamble. A late penalty of ___[e.g., 5%] per month will be assessed on all late payments. [Xxxxxx] agrees and acknowledges that the late penalty is necessary to compensate [Landowner] for lost interest, the opportunity cost of renting the property, and any legal fees or expenses incurred in enforcing its rights pursuant to this Agreement.
B. Prior to taking possession of the property, [Xxxxxx] shall deliver to [Landowner] a security deposit of $______________. Alternative Provisions Crop share:
A. All costs and returns shall be divided between [Landowner] and [Xxxxxx] as provided below.
(a) The [Xxxxxx] shall pay as rent the shares or quantities of crops as indicated below: Crop Acres Share paid as rent Place of Sale or Delivery 1. ___________/______/_______________/________________________ 2. ___________/______/_______________/________________________ 3. __________/______/_______________/________________________
(b) [Xxxxxx] shall consult with [Landowner] regarding the time, price, and other manner of sale of crops prior to any sale.
(c) [Landowner] shall pay the following share or quantities of expenses as indicated below: — 156 — Expense Share or Amount Date of Payment Paid to [Xxxxxx] 1. ____________/____________________/_____________________ 2. ____________/____________________/_____________________ 3. ____________/____________________/_____________________ 4. ____________/____________________/_____________________
(d) [Xxxxxx] shall consult with [Landowner] regarding any shared expenditure which exceeds $_____.
C. [Landowner] shall pay for all taxes and assessments on the Premises, with the exception of those taxes that are directly attributable to agricultural or other production- and sales-based activities being conducted by [Xxxxxx] on the Premises.
D. If [Landowner] accepts an offer for a renewal term, the annual rent for the renewal term shall be adjusted using the CPI for the New England region in [year of renewal] as an index and the [first year of lease] as a base year (as set forth by the Government of the United States, Base Year = 1982-1984). The rent shall not decrease during the renewal term.