Common use of Taxes and Penalties Clause in Contracts

Taxes and Penalties. All taxes that encumber the goods referred to herein, as well as any penalties imposed as a result of irregular or illegal operation of the goods, shall be the sole responsibility of THE LESSEE.--------- In the event that new taxes are established that encumber or increase the current tax burden that THE LESSOR bears in accordance with this contract, THE LESSEE agrees to solely assume these additional taxes, paying them on the LESSOR's behalf.-

Taxes and Penalties. All taxes that encumber the goods referred to herein, as well as any penalties imposed as a result of irregular or illegal operation of the goods, shall be the sole responsibility of THE LESSEE.--------- In the event that new taxes are established that encumber or increase the current tax burden that THE LESSOR bears in accordance with this contract, THE LESSEE agrees to solely assume these additional taxes, paying them on the LESSOR's behalf.-behalf.