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.
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. 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.
Rent and Taxes. 2 (a) Rent for Initial and Renewal Terms............................................................2 (b)
Rent and Taxes. 10 6.1 Rent.............................................. 10 6.2 Taxes............................................. 10
Rent and Taxes. Rent will be $10.00 per year with prepayment of the entire lease term being acceptable at the time of initiating the lease. Both the Landlord and the Tenant understand the responsibility of the Tenant to serve and maintain adequate participation to underwrite daily operating costs. This significant responsibility relieves the Landlord of any daily operating costs associated with the community services of the Building and Landlord acknowledges and agrees that the value of Tenant’s services to the public as set forth herein are similar to the actual value of the consideration necessary for Tenant’s use and occupancy of the Demised Premises. Tenant shall be responsible for all other taxes, including real estate and personal property, and assessments, including property owner assessments, which may be levied or assessed against any portion of the Demised Premises. Any other fees or charges against the Demised Premises shall be the responsibility of the Tenant. Tenant’s failure to discharge any such tax, charge or assessment when finally due within ten (10) days after the date the Landlord’s written notice is received by Tenant shall constitute an event of default under Section 18 below.
Rent and Taxes. Upon proof that the Boys & Girls Club of the Gulf Coast is a “not- for-profit” corporation according to the laws of the State of Mississippi and that it has been granted “tax exempt status” by the Internal Revenue Service and upon proof, annually, of funds to be matched by the City via in-kind donation, pursuant to Miss. Code Xxx. § 21-17-1(8) and § 21-19-65, the City shall waive any and all rent payments. Should this Lease Agreement result in any taxes, including ad valorem taxes, being assessed to Tenant on its leasehold interest in the Leased Premises by any appropriate and duly authorized taxing authority, Tenant shall be solely responsible for the payment of the same.
Rent and Taxes. 1. Lessee shall pay to the Lessor rent in the amount of [2.25% of the land-only property value] for the initial one-year (1) term of this Bridge Lease.
