TAXES AND INSURANCE PREMIUMS. (a) Tenant shall pay as the same become due and payable, and in any event prior to the date on which the same become delinquent, all real estate taxes, ad valorem taxes, paving assessments, sewer, water and other utility charges or assessments and any other tax, charge or assessment, general or special, of any kind whatsoever (“Taxes”) which may be levied, charged, confirmed, imposed or assessed by any taxing or assessing authority against the Leased Premises or any part thereof or any improvements thereto or streets adjacent thereto during the Term, provided that all Taxes which are levied on an annual basis shall be prorated between Landlord and Tenant for the year in which this Lease commences and terminates. Tenant shall be responsible for any and all rollback or similar taxes which may be levied against the Leased Premises regardless of the time period for which the rollback tax applies. Tenant is not required to pay or reimburse Landlord for (i) any capital levy, income tax, or profits or margin tax of Landlord, or any similar tax imposed by the State of Texas or any other political or taxing authority, or (ii) any estate, inheritance, transfer, gift, or other tax which may be imposed upon any transfer of Landlord’s interest in the Leased Premises or the Base Rental. Tenant will provide Landlord with proof of payment of all Taxes within sixty (60) days after payment thereof.
(b) Tenant shall pay on or before the date on which the same are due, all insurance premiums and other charges upon the insurance coverages which Tenant is required to maintain in force hereunder and all fees and other amounts due under any licenses, permits and similar documents relating to the Leased Premises.
(c) Landlord agrees that Tenant shall have the right to contest the amount or legality of any Tax which it is obligated to pay under the terms of this Lease and make application for the reduction thereof or of any assessment upon which the same may be based; and Landlord agrees at the request of Tenant to execute or join in the execution of any instrument or document necessary in connection with such contest or application (including, without limitation, Comptroller of Public Accounts Form 50-162-1, “Appointment of Agent for Property Taxes”) provided Landlord does not thereby incur any liability (contingent or otherwise) and Landlord’s title to the Leased Premises is not thereby placed in jeopardy. Tenant shall in all events pay all such contested Taxes (together with all...
TAXES AND INSURANCE PREMIUMS. Subject to the provisions of Section 6.9 (Payment of Taxes and Other Charges), each Borrower shall pay, prior to the accrual of any interest or penalty thereon, all taxes (including, without limitation, all real estate taxes and corporate taxes), water and sewer rents, charges, claims, assessments, liens and encumbrances now or hereafter assessed with respect to the Mortgaged Properties, and the premiums on all policies of insurance held by the Borrowers pursuant to the provisions of Section 6.8 (Insurance) above.
TAXES AND INSURANCE PREMIUMS. 1. H/C I Owner and Mall I Owner each agree for the benefit of the other as follows:
TAXES AND INSURANCE PREMIUMS. Tenant shall be responsible for the payment of all property taxes, municipal and other property assessments, and liability insurance premiums accruing during the term of this lease. These obligations shall be paid by Tenant to Owner in monthly advance installments, simultaneous with the payment of rent, based upon one-twelfth (1/12th) of the annual amounts paid or estimated by Owner to be next due. As of the Commencement Date, the monthly installment payment for property taxes and assessments is $12.50 and the monthly installment payment is $0 for insurance. These monthly amounts may be adjusted by Owner from time-to-time based upon actual or estimated amounts due or anticipated to be due and Owner shall give Tenant at least ten days prior notice of any such adjustments. Liability insurance may be kept in force by Owner for such coverage as Owner deems appropriate, including (but not limited to) coverage of $1,000,000 per person and $2,000,000 per incident, the cost of which shall be included in the foregoing.
TAXES AND INSURANCE PREMIUMS. 18 18.1 Taxes on Tenant's Property .......................................18 18.2 Taxes ............................................................18 18.3
TAXES AND INSURANCE PREMIUMS. 7.1 Tenant covenants and agrees to pay to Landlord, as an Additional Payment, without offset or deduction, the sums computed in accordance with this Article 7 (the “Taxes and Insurance Charges”).
7.2 The following definitions shall apply to this Article 7: (i) the term “Tenant’s Proportionate Share” shall have the definition set forth in Section 1.2 herein, and (ii) the term “Taxes” shall mean all taxes, assessments, penalties, charges, rates, or liens of any nature whatsoever, whether ad valorem or otherwise, that may, for the period following commencement of the Term of this Lease, be levied, assessed, charged, imposed, or claimed on or against the Entire Property or any part thereof. Notwithstanding anything to the contrary set forth herein, Taxes shall not include any income, franchise, capital levy, transfer, capital stock, gift, estate or inheritance tax. The term “Insurance” shall include the insurance premium on policies that Landlord is obligated to carry on the Entire Premises under this Lease.
TAXES AND INSURANCE PREMIUMS. Commencing in 1998, Lessee shall be responsible for its proportionate share of all increases in real estate property taxes attributable to the Premises above the base year, which shall be 1997 for purposes hereof. Lessee's proportionate share shall be 40.0%. Payment shall be due at Lessor's office before November 20 of each year billed; Lessor shall provide Lessee with at least ten (10) days written notice of the amount due with a copy of the tax bill. Lessee shall pay promptly axx xersonal property taxes in connection with the Premises and its own personal property. Lessee shall maintain its own insurance on its personal property. Lessor shall insure the Premises, as required by its lender. All amounts owing by Lessee for its portion of real estate taxes, if any, pursuant to this paragraph, and any other amounts due from Lessee to Lessor at any time under this Lease, shall be deemed to be rent to be paid under paragraphs 1.0 and 1.1 hereof. Lessee shall pay all taxes imposed by Florida Statutes Section 212.031, and any amendments thereto, and any tax substituted in lieu thereof on the rent due under this lease.
TAXES AND INSURANCE PREMIUMS. 7.1 Tenant shall pay (i) the real estate taxes levied against the land and building of which the Premises are a part for the period of time constituting the Lease Term and any options exercised by Tenant thereafter, (ii) the insurance premiums for fire and extended coverage insurance relating to the Premises, and (iii) the public liability insurance premiums relating to the Premises.
TAXES AND INSURANCE PREMIUMS. Within thirty (30) days after the due date thereof, Landlord shall provide Tenant with evidence of payment of all real estate taxes and assessments, and Tenant shall provide Landlord with evidence of payment of all premiums for the insurance required to be carried by Tenant hereunder.
TAXES AND INSURANCE PREMIUMS. Buyer / Tenant shall be responsible for the payment of all property taxes, municipal and other property assessments, and liability insurance premiums accruing during the term of this lease purchase agreement. These obligations shall be paid by the Buyer / Tenant to Owner in monthly advance installments, simultaneous with the payment of the monthly lease option payments, based upon one-twelfth (1/12th) of the annual amounts paid or estimated by Owner to be next due. As of the Commencement Date, the monthly installment payment for property taxes, assessments and insurance is listed below. These monthly amounts may be adjusted by Owner from time-to-time based upon actual or estimated amounts due or anticipated to be due and Owner shall give Buyer / Tenant at least ten days prior notice of any such adjustments. Liability insurance may be kept in force by Owner for such coverage as Owner deems appropriate, the cost of which shall be included in the foregoing. (Buyer / Tenant initial here)
