Common use of Taxes Defined Clause in Contracts

Taxes Defined. As used herein, the term "Taxes" shall mean all taxes, assessments and levies, whether general or special, ordinary or extraordinary, of every nature and kind whatsoever, which may be taxed, charged, assessed, levied or imposed at any time or from time to time during the Lease Term by any governmental authority upon or against the Property or the possession or use thereof. The term "Taxes" shall not include (and Lessee shall not be required to pay) any franchise, estate, inheritance, transfer, income or similar tax of Lessor, including, but not limited to, any income tax imposed with respect to Lessor's income from the Property.

Appears in 2 contracts

Samples: Ground Lease With Option (Hammons John Q Hotels Lp), Ground Lease (Hammons John Q Hotels Lp)

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Taxes Defined. As used herein, the term "Taxes" shall mean ------------- all taxes, assessments and levies, whether general or special, ordinary or extraordinary, of every nature and kind whatsoever, which may be taxed, charged, assessed, levied or imposed at any time or from time to time during the Lease Term by any governmental authority upon or against the Property or the possession or use thereof. The term "Taxes" shall not include (and Lessee shall not be required to pay) any franchise, estate, inheritance, transfer, income or similar tax of Lessor, including, but not limited to, any income tax imposed with respect to Lessor's income from the Property.

Appears in 1 contract

Samples: Ground Lease Agreement (Hammons John Q Hotels Inc)

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Taxes Defined. As used herein, the term "Taxes" shall mean all ------------- taxes, assessments and levies, whether general or special, ordinary or extraordinary, of every nature and kind whatsoever, which may be taxed, charged, assessed, levied or imposed at any time or from time to time during the Lease Term by any governmental authority upon or against the Property or the possession or use thereof. The term "Taxes" shall not include (and Lessee shall not be required to pay) any franchise, estate, inheritance, transfer, income or similar tax of Lessor, including, but not limited to, any income tax imposed with respect to Lessor's income from the Property.

Appears in 1 contract

Samples: Ground Lease (Hammons John Q Hotels Inc)

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