Common use of Tax and Assessments Clause in Contracts

Tax and Assessments. Lessee represents that it is a tax-exempt organization and that it is a religious not for profit entity and has provided evidence of same at the time of execution of this lease. Lessee will notify Lessor within 10 business days if they lose the religious not for profit status for any reason. In the event that Lessee’s use of the Premises is subjected to taxation due to actions or inactions of the Lessee, Lessee shall assume any and all tax obligations and liabilities and will hold Lessor exempt and harmless from any liability, loss, cost and obligation arising out of taxes or assessments due to and attributable to the occupancy and use by Lessee of said Premises.

Tax and Assessments. Lessee Licensee represents that it is a tax-exempt organization and that it is a religious not for profit entity and has provided evidence of same at the time of execution of this lease. Lessee will notify Lessor within 10 business days if they lose the religious not for profit status for any reason. In the event that Lessee’s use of the Premises is subjected to taxation due to actions or inactions of the Lessee, Lessee shall assume any and all tax obligations and liabilities and will hold Lessor exempt and harmless from any liability, loss, cost and obligation arising out of taxes or assessments due to and attributable to the occupancy and use by Lessee of said Premises.