Taxes and Insurance. Landlord shall pay all taxes (including but not limited to, ad valorem taxes, special assessments and any other governmental charges) on the Premises and shall procure and pay for such commercial general liability, broad form fire and extended and special perils insurance with respect to the Premises as Landlord in its reasonable discretion may deem appropriate. Tenant shall reimburse Landlord for all taxes and insurance as provided herein within fifteen (15) days after receipt of notice from Landlord as to the amount due. Tenant shall be solely responsible for insuring Tenant’s personal and business property and for paying any taxes or governmental assessments levied thereon. Tenant shall reimburse Landlord for taxes and insurance during the term of this Lease, and any extension or renewal thereof. If boxes are checked below, the manner of reimbursement shall be as indicated: The amount by which all taxes (including but not limited to, ad valorem taxes, special assessments and any other governmental charges) on the Premises for each tax year exceed all taxes on the Premises for the tax year ; or All taxes (including but not limited to, ad valorem taxes, special assessments and any other governmental charges) on the Premises for each tax year. If the final Lease Year of the term fails to coincide with the tax year, then any excess for the tax year during which the term ends shall be reduced by the pro rata part of such tax year beyond the Lease term. If such taxes for the year in which the Lease terminates are not ascertainable before payment of the last month’s rental, then the amount of such taxes assessed against the Premises for the previous tax year shall be used as a basis for determining the pro rata share, if any, to be paid by Tenant for that portion of the last Lease Year. If this box is checked, Tenant shall reimburse Landlord for taxes by paying to Landlord, beginning on the Rent Commencement Date and on the first day of each calendar month during the term hereof, an amount equal to one- twelfth (1/12) of the then current tax payments for the Premises. Upon receipt of bills, statements or other evidence of taxes due, Landlord shall pay or cause to be paid the taxes. If at any time the reimbursement payments by Tenant hereunder do not equal the amount of taxes paid by Landlord, Tenant shall upon demand pay to Landlord an amount equal to the deficiency or Landlord shall refund to Tenant any overpayment (as applicable) as documented by Landl...
Taxes and Insurance. Upon a Transfer or assumption of the Loan contemplated by Section 5.15 below (including without limitation, any assumption of the Loan contemplated by that certain Contribution Agreement dated February 1, 2022, by and between Contributor and SPE Owner’s Member, as amended by (i) that certain First Amendment to Contribution Agreement dated as of Xxxxx 00, 0000, (xx) that certain Second Amendment to Contribution Agreement dated as of April 29, 2022, and (iii) that certain Third Amendment to Contribution Agreement dated as of May 10, 2022, the interest of SPE Owner’s Member having been assigned to SPE Owner and TRS Lessee by that certain Assignment of Contribution Agreement dated as of February 1, 2022 [as amended and assigned, the “Contribution Agreement”]) or upon the Contribution Agreement being terminated by either party thereto, Borrower will pay to Lender $N/A (the “Tax and Insurance Escrow Initial Deposit”). Additionally, Borrower will pay to Lender on each Payment Date (a) one-twelfth of the Taxes that Lender estimates will be payable during the next 12 months in order to accumulate with Lender sufficient funds to pay all such Taxes at least 30 days prior to their respective delinquency dates and (b) one-twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate with Lender sufficient funds to pay all such Insurance Premiums at least 30 days prior to the expiration of the Policies (the “Tax and Insurance Escrow Monthly Deposit”, which, together with the Tax and Insurance Escrow Initial Deposit, are hereinafter called the “Tax and Insurance Escrow Funds”). If no Event of Default has occurred and is continuing then Lender will (x) apply the Tax and Insurance Escrow Funds to payments of Taxes and Insurance Premiums required to be made by Borrower pursuant to Section 5.2 and Section 7.1, provided that Borrower has promptly supplied Lender with notices of all Taxes and Insurance Premiums due. In making any payment relating to Taxes and Insurance Premiums, Lender may do so according to any xxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such xxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. If Lender determines in its reas...
Taxes and Insurance. The Grantee agrees to keep all taxes on the property paid and current until sale of the property to an eligible homebuyer. The Grantee shall maintain sufficient insurance to cover the cost of replacement due to loss by fire, theft, or accidental damage.
Taxes and Insurance. All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents that previously became due and owing have been paid or a escrow of funds has been established in an amount sufficient to pay for every such item that remains unpaid.
Taxes and Insurance. The Strategic Consultant shall be responsible for charging in the invoice and payment of any indirect taxes after recovery from the Company as required by the regulations. All payments to the Strategic Consultant shall be subject to applicable United States federal, state and local taxes. The Strategic Consultant shall be solely responsible for obtaining medical, accident and insurance policies and the Company shall have no obligation or liability with respect to any expenses incurred by the Strategic Consultant relating to the above-referred risks.
Taxes and Insurance. Lessor shall pay all real estate taxes and fire insurance premiums on the Premises. Lessor shall not be liable to carry fire insurance on the person or property of Lessee or any other person or property that may occupy the Premises now or later.
Taxes and Insurance. During the term of this contract, the Landlord shall pay all taxes and assessments imposed on the Premises. Any insurance that the Landlord may obtain on the Premises is for the benefit of the Landlord, not the benefit of the NPO. Landlord shall not provide either any liability insurance to protect NPO or insurance against loss or damage to NPO's property. The NPO shall obtain insurance at NPO's sole expense. NPO shall purchase and maintain insurance coverage for not less than the following: Premises/operations Products/completed operations (two years minimum, from project completion) Broad form property damage Contractual liability Independent contractors, if any are used in the performance of this contract City of Durham must be named additional insured, and an original of the endorsement to effect the coverage must be attached to the certificate (if by blanket endorsement, then agent may so indicate in the GL section of the certificate, in lieu of an original endorsement) Combined single limit not less than $1,000,000 per occurrence, with an annual aggregate on not less than $2,000,000.
Taxes and Insurance. The LESSEE shall pay when due all assessments and taxes (including the leasehold excise tax) that are due at the time of signing or may be charged in the future to the land or the improvements thereon. LESSEE shall keep all buildings and improvements now or hereafter located on the premises and any personal property thereon which may be included within the terms of this Lease insured against loss or damage resulting from fire, windstorm, and other hazards, including extended coverage, vandalism and malicious mischief endorsements, and against such other hazards and in such amounts as may be required from time to time by LESSOR but in any case for not less than the full replacement cost thereon, and shall keep all such policies of insurance of whatever nature constantly assigned, pledged and delivered to LESSOR with the premiums thereon fully paid. LESSEE shall maintain comprehensive public liability and property damage liability insurance protecting LESSEE against claims (including all costs and expenses of defending the same), for personal injury, sickness, disease or death or from damage or injury to or destruction of property (including loss of use thereof) occurring in, or about the premises providing for $1,000,000.00 in liability coverage per occurrence LESSEE shall provide proof of coverage to LESSOR, with the LESSOR named as additional insured, and shall provide annual proof of renewal of said coverage. Initial proof of insurance shall be provided within thirty (30) calendar days of the commencement date of this lease. All policies of insurance to be furnished hereunder shall be in forms, companies and amounts satisfactory to LESSOR including a provision requiring that the coverage evidenced thereby shall not be canceled, reduced or materially modified within the (10) days prior written notice to LESSOR. XXXXXX shall deliver the originals of all policies, including additional and renewal policies, to LESSOR, and, in the case of insurance about to expire, shall deliver renewal policies not less than ten (10) days prior to their respective dates of expiration. LESSEE shall provide and keep in force other insurance in amounts that may from time to time be required by XXXXXX against other insurable hazards as are commonly insured against for the type of business activity that LESSEE will conduct.
Taxes and Insurance. Upon the request of Bank, Borrower shall submit to Bank such receipts and other statements which shall evidence, to the satisfaction of Bank, that all taxes, assessments and insurance premiums have been paid in full.
Taxes and Insurance. Each Loan has been covered by a policy of hazard insurance and flood insurance, to the extent required by the Loan Servicing Agreements relating thereto or any laws, rules, regulations or Investor or Insurer requirements applicable to such Loan, all in a form usual and customary in the industry and which is in full force and effect, and all amounts due and payable under each policy have been, or will be, paid prior to the date such payments are due; and all taxes, assessments, ground rents or other applicable charges or fees due and payable as to each Loan have been, or will be, paid prior to the date such payments are due. Any and all claims under such insurance policies have been submitted and processed in accordance with the applicable Investor's and Insurer's requirements. Such insurance policies name the Company (or a Subsidiary of it) and its successors and assigns as mortgagee.
