Common use of Right to Contest Taxes Clause in Contracts

Right to Contest Taxes. Tenant will have the right to contest the amount or validity, in whole or in part, of any tax by appropriate proceedings diligently conducted in good faith, only after paying the tax or posting such security as Landlord may reasonably require in order to protect the Premises against loss or forfeiture. Upon the termination of those proceedings, Tenant will pay the amount of the tax or part of the tax as finally determined, the payment of which may have been deferred during the prosecution of the proceedings, together with any costs, fees, interest, penalties, or other related liabilities. Landlord will not be required to join in any contest or proceedings unless the provisions of any law or regulations then in effect require that the proceedings be brought by or in the name of Landlord. In that event, Landlord will join in the proceedings or permit them to be brought in its name; however, Landlord will not be subjected to any liability for the payment of any costs or expenses in connection with any contest or proceedings, and Tenant will indemnify Landlord against and save Landlord harmless from any of those costs and expenses.

Appears in 2 contracts

Samples: Lease Agreement (Technology Research Corp), Sri Surgical Express Inc

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Right to Contest Taxes. Tenant will have the right to contest the amount or validity, in whole or in part, of any tax by appropriate proceedings diligently conducted in good faith, only after paying the tax or posting such security as Landlord may reasonably require in order to protect the Premises against loss or forfeiture. Upon the termination of those proceedings, Tenant will pay the amount of the tax or part of the tax as finally determined, the payment of which may have been deferred during the prosecution of the proceedings, together with any costs, fees, interest, penalties, or other related liabilities. Landlord will not be required to join in any contest or proceedings unless the provisions of any law or regulations then in effect require that the proceedings be brought by or in the name of Landlord. In that event, Landlord will join in the proceedings or permit them to be brought in its name; however, Landlord will not be subjected to any liability for the payment of any costs or expenses in connection with any contest or proceedings, and Tenant will indemnify the Landlord Parties against and save the Landlord Parties harmless from any of those costs and expenses.

Appears in 1 contract

Samples: Industrial Lease Agreement (Paragon 28, Inc.)

Right to Contest Taxes. Tenant will have the right to contest the amount or validity, in whole or in part, of any tax by appropriate proceedings diligently conducted in good faith, only after paying the tax or posting such security as Landlord landlord may reasonably require in order to protect the Premises premises against loss or forfeiture. Upon the termination of those proceedings, Tenant tenant will pay the amount of the tax or part of the tax as finally determined, the payment of which may have been deferred during the prosecution of the proceedings, together with any costs, fees, interest, penalties, or other related liabilities. Landlord will not be required to join in any contest or proceedings unless the provisions of any law or regulations then in effect require that the proceedings be brought by or in the name of Landlordlandlord. In that event, Landlord landlord will join in the proceedings or permit them to be brought in its name; however, Landlord landlord will not be subjected to any liability for the payment of any costs or expenses in connection with any contest or proceedings, and Tenant tenant will indemnify Landlord landlord against and save Landlord landlord harmless from any of those costs and expenses.

Appears in 1 contract

Samples: Single Tenant Building Lease (Gulf State Credit LLP)

Right to Contest Taxes. Tenant will have the right to contest the amount or validityof validity , in whole or in part, of any tax by appropriate proceedings diligently conducted in good faith, only after paying the tax or posting such security as Landlord may landlord ay reasonably require in order to protect the Premises premises against loss or forfeiture. Upon the termination determination of those proceedings, Tenant tenant will pay the amount of the tax or part of the tax as finally determined, the payment of which may have been deferred during the prosecution of fo the proceedings, together with any costs, fees, interest, penalties, or other related liabilities. Landlord will not be required to join in any contest or proceedings unless the provisions of any law or regulations then in effect require that the proceedings be brought by or in the name of Landlordlandlord. In that event, Landlord landlord will join in the proceedings or permit them the to be brought in its name; however, Landlord landlord will not be subjected to any liability for the payment of any costs or expenses in connection with any contest or proceedings, and Tenant tenant will indemnify Landlord landlord against and save Landlord landlord harmless from any of those costs and expenses.

Appears in 1 contract

Samples: Consygen Inc

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Right to Contest Taxes. Tenant will have the right to contest the amount or validity, in whole or in part, of any tax by appropriate proceedings diligently conducted in good faith, only after paying the tax or posting such security as Landlord may reasonably require in order to protect the Premises against loss or forfeiture. Upon the termination of those proceedings, Tenant Xxxxxx will pay the amount of the tax or part of the tax as finally determined, the payment of which may have been deferred during the prosecution of the proceedings, together with any costs, fees, interest, penalties, or other related liabilities. Landlord will not be required to join in any contest or proceedings unless the provisions of any law or regulations then in effect require that the proceedings be brought by or in the name of Landlord. In that event, Landlord Xxxxxxxx will join in the proceedings or permit them to be brought in its name; however, Landlord will not be subjected to any liability for the payment of any costs or expenses in connection with any contest or proceedings, and Tenant Xxxxxx will indemnify Landlord against and save Landlord harmless from any of those costs and expenses.

Appears in 1 contract

Samples: Lease Summary

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