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. 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. 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. 10 6.1 Rent.............................................. 10 6.2 Taxes............................................. 10
Rent and Taxes. 2 (a) Rent for Initial and Renewal Terms......................................................... 2 (b)
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. (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. (b)
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.
Rent and Taxes. 3.1 Tenant agrees to pay to the Landlord as rent during the Initial Term of this Lease, the sum of $676,695.30 per year to be paid in monthly installments of $56,391.28 on or before the first day of each month beginning on October 1, 1999.
