Common use of Rental Taxes Clause in Contracts

Rental Taxes. Tenant shall pay to Landlord all Rental Taxes applicable from time to time. Landlord shall calculate the amount of Rental Taxes payable by Tenant in accordance with the applicable legislation and Tenant shall pay such amount together with annual installments of Rent. The amount payable by the Tenant under this Section 4.03 shall be deemed not to be Rent for the purpose of such calculation but in the event of a failure by Tenant to pay under this Section 4.03, Landlord shall have the same rights and remedies as it has in the event of default by Tenant in the payment of Rent.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Rental Taxes. Tenant shall pay to Landlord all Rental Taxes applicable from time to time. Landlord shall calculate the amount of Rental Taxes payable by Tenant in accordance with the applicable legislation and Tenant shall pay such amount together with annual monthly installments of Rent. The amount payable by the Tenant under this Section Article 4.03 shall be deemed not to be Rent for the purpose of such calculation but in the event of a failure by Tenant to pay under this Section Article 4.03, Landlord shall have the same rights and remedies as it has in the event of default by Tenant in the payment of Rent.

Appears in 1 contract

Samples: Ultimate Software Group Inc

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Rental Taxes. Tenant shall pay to Landlord all Rental Taxes applicable from time to time. Landlord shall calculate the amount of Rental Taxes payable by Tenant in accordance with the applicable legislation and Tenant shall pay such amount together with annual monthly installments of Rent. The amount payable by the Tenant under this Section Article 4.03 shall be deemed not to be Rent for the purpose of such calculation but in the event of a failure by Tenant to pay under this Section Article 4.03, Landlord shall have the same rights and remedies as it has in the event Event of default Default by Tenant in the payment of Rent.

Appears in 1 contract

Samples: Corel Corp

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