Tax Costs. Tenant shall be responsible for paying Tenant's Pro Rata Share of annual taxes, assessments, and governmental charges relative to the Property ("Tax Costs"). The Tax Costs shall include, but not be limited to, all federal, state, county, municipal, or other governmental or quasi-governmental taxes or assessments levied upon, charged against, or assessed in connection with the use of the Property. Tax Costs shall not include state, or federal income taxes owed by Landlord.
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Tax Costs. In the event that any United States federal, state or local income tax or any Canadian federal or provincial income or other tax is payable by the Indemnified Party in respect of any payment made by the Indemnifying Parties to the Indemnified Party under this Agreement, the Indemnifying Parties shall pay to the Indemnified Party an amount sufficient to provide the Indemnified Party with the net after tax amount to which the Indemnified Party would otherwise have been entitled, provided that in calculating such net after tax amount, the benefit of any tax deduction available to the Indemnified Party in connection therewith shall be deducted.
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Tax Costs. In addition to Base Rent, Tenant shall, each year during the Lease Term, pay to Lessor as Additional Rent (as defined below) and without any deductions, offsets or reductions whatsoever, all (i) Real Estate Taxes that are due and payable with respect to the Buildings and Land filed with Registrar of Titles, Hennepin County, Minnesota) in such year, (ii) all Real Estate Taxes that are included in the Common Area Costs and which are payable. Such payment by Tenant shall be paid at the same time as Monthly Base Rent in equal monthly installments, as estimated by Lessor, representing 1 /12 of the Tax Costs due and payable in any such year, which initially shall be estimated at a rate of $1.10 per square foot of rentable space in the Premises for year 2013 (“Base Tax Costs”).
Tax Costs. “Tax Costs” shall mean the sum of the following: any and all real property taxes, assessments (including, but not limited to, general and special assessments and possessory interests), charges, surcharges, license and other fees, levies, cost of improvement bonds and any and all other taxes (other than income, franchise, inheritance and estate or gift taxes of Landlord) on or relating to all or a portion of the Project including any legal or equitable interest of Landlord therein, that may be imposed, levied, assessed or charged for any reason by any authority having the direct or indirect power to tax including, but not limited to, the United States or the state, county or city in which the Project is located, or any other local governmental authority, agency, district or political subdivision thereof, together with personal property taxes, assessments, fees and charges (other than those paid by Tenant pursuant to Article 26 below) and fees of tax consultants and attorneys retained to seek a reduction, to contest or to act in some other manner in connection with any of the foregoing Tax Costs, together with any tax, assessment or other amounts (including, without limitation, commercial rental taxes) imposed, levied or charged as a substitute for or a supplement to the foregoing. Except as provided in Article 45
Tax Costs. (a) With each monthly installment payment of Monthly Base Rent during the period commencing the Commencement Date and extending through March 31, 1999, Tenant will pay the Tax Costs set forth in Exhibit B attached to this Lease. Thereafter, in each calendar year or portion thereof during the Lease Term or any extensions or renewals thereof, Tenant shall pay to Lessor, in addition to Base Rent, the total general real estate taxes and installments of special assessments ("Tax Costs") due and payable with respect to the Leased Premises in such year. Such payment by Tenant shall be paid at the same time and in the same manner as Monthly Base Rent in equal monthly installments estimated by Lessor to equal one twelfth (1/12) of Tax Costs due and payable in any such year. At Landlord's election, Landlord may reasonably revise the estimate of Tax Costs and adjust the monthly installments of said estimated amount to be paid by Tenant with its monthly installments of Base Rent. Prior to March 1 of each calendar year, or as soon as is practicable thereafter, Lessor shall furnish Tenant with an estimate of Tax Costs for the then current calendar year. Within ten (10) days after Lessor furnishes Tenant with such estimate, Tenant shall pay to Lessor, as an additional payment, the total amount by which the estimated Tax Costs for any months of the calendar year exceeds the total amount of Tax Costs that Tenant shall have paid for those months. If such amount is less than the payments made by Tenant for such monthly periods, Tenant may deduct the difference from the next monthly installment payment.
(b) After expiration of each calendar year during the Lease Term or any extension or renewal thereof, through and including the calendar year in which the Lease Term or any extension or renewal thereof expires, Lessor shall furnish Tenant with a statement of actual Tax Costs for the immediately preceding calendar year. If actual Tax Costs differ from estimated Tax Costs, within ten (10) days after Lessor has furnished such statement to Tenant, Tenant shall pay to Lessor any shortage for the immediately preceding calendar year, or Lessor shall refund to Tenant any overage for the immediately preceding calendar year, as the case may be.
(c) If the first or last day of the Lease Term occurs on a day other than the first or last day, respectively, of a calendar year, then Tenant's obligation under this Section 6 shall be prorated based on a 365-day calendar year.
(d) Lessor's reas...
Tax Costs. “Tax Costs” means all costs, fees and expenses set forth in Section 4 hereof, including all sales, use and excise taxes, and any other similar taxes, duties and charges of any kind imposed by any federal, state or local governmental entity on any amounts payable by Service Recipient hereunder; provided, that, in no event shall Recipient pay or be responsible for any taxes imposed on, or with respect to, the Company’s income, revenues, gross receipts, personnel or real or personal property or other assets.
Tax Costs. Tax Costs" means all of the following that are not Excluded Costs and that are imposed by Law on the Property or on Landlord in connection with the ownership or operation of the Property: (a) general and special ad valorem and other taxes, assessments, and charges; (b) any future capital levy, rent, or other tax, assessment, or charge imposed in place of or in addition to the ad valorem and other taxes, assessments, or other governmental charges presently in effect; and (c) consulting, accounting, legal fees, and other costs resulting from any challenge of ad valorem or other taxes, assessments, or other governmental charges. If the Property is not separately assessed, Landlord will allocate Tax Costs to the Property on a reasonable basis.
Tax Costs. 15.1 Kosmos shall pay, and shall indemnify and hold JVCo and BP harmless against any liability for any capital gains tax (or equivalent tax) which may be, or become, payable in connection with the sale, assignment or transfer of the Interests pursuant to the Initial Asset Transfer Agreement or the TC Asset Transfer Agreement and in respect of any costs (including reasonable legal costs), expenses, loss or damage occasioned by its failure to pay, or any delay in paying, such tax.
15.2 BP shall be responsible for payment in a timely fashion of any and all transfer taxes, such as stamp duties and taxes (or equivalent duties and taxes) (including interest, penalties and/or fines thereof) (the “Share Transfer Taxes”) payable on or in respect of the sale and purchase or transfer of the Sale Shares including the execution and enforcement of this Agreement and shall indemnify and hold JVCo and Kosmos harmless in respect of any costs (including reasonable legal costs), expenses, loss or damage occasioned by its failure to pay, or any delay in paying, such Share Transfer Taxes.
15.3 The JV Partners shall be responsible for payment to JVCo in a timely fashion of any and all transfer taxes, such as stamp duties and taxes (or equivalent duties and taxes) (including interest, penalties and/or fines thereof) (the “Asset Transfer Taxes”) payable on or in respect of the assignment and transfer of the Interests to JVCo pursuant to the Initial Asset Transfer Agreement or the TC Asset Transfer Agreement. Each JV Partner shall indemnify and hold JVCo and the other JV Partner harmless in respect of any costs (including reasonable legal costs), expenses, loss or damage occasioned by its failure to pay, or any delay in paying, such Asset Transfer Taxes, in each case on the basis that (i) 50.01% of any and all such amounts shall be for the account of Kosmos and (ii) 49.99% any and all such amounts shall be for the account of BP.
15.4 Except as otherwise stated in this Agreement, each Party shall pay its own costs and expenses in relation to the preparation, execution and carrying into effect of this Agreement and all other documents entered into pursuant to, or in connection with, it.
15.5 If, for United States federal income tax purposes, this Agreement and the operations under this Agreement are regarded as a partnership and if the Parties have not agreed to form a tax partnership, each Party elects to be excluded from the application of all of the provisions of Subchapter “K”, ...
