Common use of Tax on Lease Clause in Contracts

Tax on Lease. If federal, state or local law now or hereafter imposes any tax, assessment, levy or other charge (other than any income, inheritance or estate tax) directly or indirectly upon (a) Landlord with respect to this Lease or the value thereof, (b) Tenant's use or occupancy of the Property, (c) the Base Rent, Additional Rent or any other sum payable under this Lease, or (d) this transaction, then Tenant shall pay the amount thereof as Additional Rent to Landlord upon demand, unless Tenant is prohibited by law from doing so, in which event Landlord may, at its election, terminate this Lease by giving written notice thereof to Tenant.

Tax on Lease. If federal, state or local law now or hereafter imposes any tax, assessment, levy or other charge (other than any income, inheritance or estate tax) directly or indirectly upon (a) the Landlord with respect to this Lease or the value thereof, (b) the Tenant's ’s use or occupancy of the PropertyPremises, (c) the Base Rent, Additional Rent or any other sum payable under this Lease, or (d) this transaction, then the Tenant shall pay the amount thereof as Additional Rent to the Landlord upon demand, unless the Tenant is prohibited by law from doing so, in which event Landlord maythe Landlord, at its election, election may terminate this Lease by giving written notice thereof to the Tenant.

Tax on Lease. If federal, state or local law now or hereafter imposes any tax, assessment, levy or other charge (other than any income, inheritance or estate tax) directly or indirectly upon (a) the Landlord with respect to this Lease or the value thereof, (b) the Tenant's ’s use or occupancy of the PropertyPremises, (c) the Base Rent, Additional Rent or any other sum payable under this Lease, or (d) this transaction, then the Tenant shall pay the amount thereof as Additional Rent to the Landlord upon within thirty (30) days following receipt of written demand, unless the Tenant is prohibited by law from doing so, in which event the Landlord may, at its election, election may terminate this Lease by giving written notice thereof to the Tenant.

Tax on Lease. If federal, state or local law now or hereafter imposes any tax, assessment, levy or other charge (other than any income, inheritance or estate tax) directly or indirectly upon (a) Landlord with respect to this Lease or the value thereof, (b) Tenant's use or occupancy of the PropertyPremises, (c) the Base Rent, Additional Rent or any other sum payable under this Lease, or (d) this transaction, then Tenant shall pay the amount thereof as Additional Rent to Landlord upon demand, on demand unless Tenant is prohibited by law from doing so, in which event Landlord may, at its election, election terminate this Lease by giving written notice Notice thereof to Tenant.