Common use of Responsibility for Taxes, Assessments and Impositions Clause in Contracts

Responsibility for Taxes, Assessments and Impositions. At present, Landlord is a municipality, and therefore no ad valorem taxes are being assessed against the Land or the Parking Deck as of the Commencement Date. Tenant shall pay or cause to be paid directly to the taxing authority, before any fine, penalty, interest or cost may be added thereto for the nonpayment thereof, all ad valorem taxes, water and sewer rents, rates and charges, levies, license and permit fees and other governmental charges (the foregoing being hereinafter referred to as “Impositions”, and any of the same being hereinafter referred to as an “Imposition”) assessed against the Premises and any Improvements constructed thereon.