TAXES, INSURANCE AND ASSESSMENTS Sample Clauses

TAXES, INSURANCE AND ASSESSMENTS. Taxes and Assessments: During the term of this contract:(Select one)
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TAXES, INSURANCE AND ASSESSMENTS. During the Term, Tenant shall be solely responsible for the payment of: (a) all real estate property taxes and assessments which shall accrue during the Term hereof and which shall be imposed by any governmental or public authority on, or become a lien in respect to the Leased Premises or any structure thereon or appurtenant thereto; (b) prorata share of the Landlord’s fire and causality insurance premiums that become due during the Term for coverage of the Leased Premises; and (c) all Condominium assessments issued for the Leased Premises that becomes due during the Term. The charges reflected herein above are included in the Common Area Maintenance Payments outlined in section 2.4 (b) above, subject to annual adjustment. Tenant shall be solely responsible for the payment of all Tenant’s general liability insurance premiums that become due during the Term of the Lease, all personal property taxes levied on any personal property located on the Leased Premises during the Term, and for all taxes, charges, license fees, or similar fees imposed by reason of the use of the Leased Premises by Xxxxxx. Tenant shall have the right to pay any such tax, assessment or charge under protest and contest the validity or amount of such tax, assessment, or charge with the governmental authority which imposed it; provided, however, that Tenant may not undertake any such contest if it has not paid such tax, assessment, or charge. Upon Xxxxxx’s contest, Landlord shall have no obligation to take part therein or to contribute toward the expenses thereof. In the event of either (a) the real estate property taxes and assessments which shall accrue during the Term hereof exceed $8,000.00 per year; (b) Landlord’s insurance premiums that become due during the Term for the Leased Premises and its building exceed $2,500.00 per year; or (c) the Condominium Assessment for the Leased Premises that becomes due during the Term exceed $2.25 per square foot for the Leased Premises, then, upon Xxxxxxxx’s notice, Tenant shall be responsible to reimburse Landlord the difference of the prorate share of the costs actually incurred by Landlord.
Sample 1
TAXES, INSURANCE AND ASSESSMENTS. Facility shall be responsible for the payment of all expenses related to the operation of the Facility. Manager, on behalf of Facility, shall be responsible for such payment of expenses on behalf of Facility with Facility funds so as to ensure timely payment. Facility shall pay when due all real and personal property taxes and assessments due and/or accrued against the Facility or any real or personal property related thereto, if applicable, and shall be responsible for protesting all such taxes and related valuations as and when Facility deems necessary. Facility shall also keep and maintain during the term of this Agreement replacement value insurance on all fixtures, improvements and personal property involved in the Facility against loss and damage by reason of flood, windstorm, fire, hail and other physical damage of destruction, including fire and extended coverage and boiler and machinery endorsements, all with waivers of subrogation. Facility shall provide Manager with proof of payment of such taxes and proof of such insurance from time to time upon Manager’s written requests therefor.
Sample 1
TAXES, INSURANCE AND ASSESSMENTS. 4.(a) As additional rent, Lessee agrees to pay to Lessor in each year of the term of this Lease a prorated amount equal to any rate increase of liability and casualty insurance required by the insurance company upon the building and Demised Premises in addition to an amount equal to an increase in taxes, general or special assessments, improvements or retrofitting expenses assessed by any federal, state or municipal authority for the real property of which the Building and Demised Premises are a part of. The proration of the insurance, taxes and assessments set forth above shall be based upon the percentage of the total floor space of the Building and Demised Premises, whether occupied or not, to the amount of floor space being leased by Lessee. Such additional rental shall be paid as soon as the amount thereof shall have been determined and upon written demand thereof by Lessor to Lessee, with the next succeeding installment of rental. Such additional rental shall be prorated for the first and last years of the demised terms to reflect periods during either or both said years not included within the demised term.
Sample 1
TAXES, INSURANCE AND ASSESSMENTS. As additional rent, Tenant shall pay to Landlord on the first day of each month 1/12 Tenant's pro rata share of the estimated real property tax on the leased premises for the current year plus 1/12 Tenant's pro rata share of the current premium for any liability or casualty insurance carried by Landlord on the leased premises. If the actual property tax and insurance is greater than that estimated by Landlord, Tenant shall pay the excess amount within thirty (30) days after billing by Landlord. If the actual real property tax and insurance is less than that estimated by Landlord, Landlord shall refund the overpayment to Tenant within thirty (30) days after payment of the tax and/or insurance by Landlord. As used in this paragraph, "real property tax" shall mean any form of assessment (both general and special), levy, penalty, or tax (other than estate or inheritance tax) imposed by any authority having direct or indirect power to tax any legal or equitable interest of Landlord in the leased premises, including any tax on rent (other than income tax) in lieu of or in addition to normal real property taxes or assessments. Any such xxxxxxxx by Landlord to Tenant that is not paid within 30 days shall bear interest at 15% per annum. Owner shall have the exclusive right, but not the obligation, to contest or appeal any assessment of Real Estate Taxes levied on the Property by any governmental or Quasigovernmental taxing agency. The Tenant shall be responsible for the filing of all Personal Property tax returns and the payment of taxes thereon, on all contents and/or fixtures owned by the Tenant, that are considered Personal Property by the Taxing authority or authorities having jurisdiction over leased premises. Tenant shall pay all sales and use taxes, other than those taxes imposed upon the rents received by the Landlord hereunder. In the case of non-payment by Tenant of any of the above taxes and assessments, Landlord may at its option, recover from Tenant such sums or elect to hold Tenant in default under the term of this lease and exercise any or all remedies as indicated herein or permitted by law. The fact that the Landlord may fail to xxxx the Tenant, under the terms of this agreement, shall not constitute a waiver of payment by the Tenant to the Landlord for future years or the year omitted.
Sample 1

Related to TAXES, INSURANCE AND ASSESSMENTS

  • Real Estate Taxes and Assessments Xxxxx is aware that all property is subject to the possibility of reassessment which may result in increased real estate taxes.

  • Taxes and Assessments As of the date of origination and, to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, all taxes, governmental assessments and other outstanding governmental charges (including, without limitation, water and sewage charges) due with respect to the Mortgaged Property (excluding any related personal property) securing a Mortgage Loan that is or could become a lien on the related Mortgaged Property that became due and owing prior to the Cut-off Date with respect to each related Mortgaged Property have been paid, or, if the appropriate amount of such taxes or charges is being appealed or is otherwise in dispute, the unpaid taxes or charges are covered by an escrow of funds or other security sufficient to pay such tax or charge and reasonably estimated interest and penalties, if any, thereon. For purposes of this representation and warranty, any such taxes, assessments and other charges shall not be considered due and payable until the date on which interest and/or penalties would be payable thereon.

  • Payment of Taxes and Assessments The lessee shall pay prior to delinquency all taxes and assessments accruing against the leasehold.

  • Payment of Taxes, Insurance and Other Charges With respect to each Mortgage Loan, the Master Servicer shall maintain accurate records reflecting the status of ground rents, taxes, assessments, water rates and other charges which are or may become a lien upon the Mortgaged Property and the status of fire and hazard insurance coverage and, as to those Mortgage Loans subject to a voluntary escrow agreement, shall obtain, from time to time, all bills for the payment of such charges (including renewal premiums) and shall effect payment thereof prior to the applicable penalty or termination date and at a time appropriate for securing maximum discounts allowable, employing for such purpose deposits of the Mortgagor in the Escrow Account which shall have been estimated and accumulated by the Master Servicer in amounts sufficient for such purposes, as allowed under the terms of the Mortgage or Applicable Regulations. The Master Servicer assumes full responsibility for the timely payment of all such bills and shall effect timely payments of all such bills irrespective of the Mortgagor's faithful performance in the payment of same or the making of the Escrow Payments and shall make Servicing Advances from its own funds to effect such payments. To the extent that the Mortgage does not provide for Escrow Payments, the Master Servicer shall use reasonable efforts consistent with the Servicing Standard to determine that any such payments are made by the Mortgagor at the time they first become due and shall ensure that the Mortgaged Property is not lost to a tax lien as a result of nonpayment and that such Mortgaged Property is not left uninsured.

  • Insurance Costs (08/19) Contractor shall be financially responsible for all premiums, deductibles, self-insured retentions, and self-insurance.

  • Payment of Taxes, Insurance and Other Charges; Collections Thereunder With respect to each Mortgage Loan, the Seller shall maintain accurate records reflecting the status of ground rents, taxes, assessments and other charges which are or may become a lien upon the Mortgaged Property and the status of premiums for Primary Mortgage Insurance Policies and fire and hazard insurance coverage and shall obtain, from time to time, all bills for the payment of such charges (including renewal premiums) and shall effect payment thereof prior to the applicable penalty or termination date and at a time appropriate for securing maximum discounts allowable, employing for such purpose deposits of the Mortgagor in the Escrow Account which shall have been estimated and accumulated by the Seller in amounts sufficient for such purposes, as allowed under the terms of the Mortgage. To the extent that a Mortgage does not provide for Escrow Payments, the Seller shall determine that any such payments are made by the Mortgagor. The Seller assumes full responsibility for the timely payment of all such bills and shall effect timely payments of all such bills irrespective of each Mortgagor’s faithful performance in the payment of same or the making of the Escrow Payments and shall make Servicing Advances to effect such payments, subject to its ability to recover such Servicing Advances pursuant to Subsections 11.05(c), 11.05(d) and 11.07(b). No costs incurred by the Seller or subservicers in effecting the payment of ground rents, taxes, assessments and other charges on the Mortgaged Properties or mortgage or hazard insurance premiums shall, for the purpose of calculating remittances to the Purchaser, be added to the amount owing under the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.

  • Taxes and Assessments; Tax Indemnity The Company shall (a) file all tax returns and appropriate schedules thereto that are required to be filed under applicable law, prior to the date of delinquency, (b) pay and discharge all taxes, assessments and governmental charges or levies imposed upon the Company, upon its income and profits or upon any properties belonging to it, prior to the date on which penalties attach thereto, and (c) pay all taxes, assessments and governmental charges or levies that, if unpaid, might become a lien or charge upon any of its properties; provided, however, that the Company in good faith may contest any such tax, assessment, governmental charge or levy described in the foregoing clauses (b) and (c) so long as appropriate reserves are maintained with respect thereto.

  • Real Property Taxes Taxes, assessments and charges now or hereafter levied or assessed upon, or with respect to, the Project, or any personal property of Landlord used in the operation thereof or located therein, or Landlord's interest in the Project or such personal property, by any federal, state or local entity, including: (i) all real property taxes and general and special assessments; (ii) charges, fees or assessments for transit, housing, day care, open space, art, police, fire or other governmental services or benefits to the Project, including assessments, taxes, fees, levies and charges imposed by governmental agencies for such purposes as street, sidewalk, road, utility construction and maintenance, refuse removal and for other governmental services; (iii) service payments in lieu of taxes; (iv) any tax, fee or excise on the use or occupancy of any part of the Project, or on rent for space in the Project; (v) any other tax, fee or excise, however described, that may be levied or assessed as a substitute for, or as an addition to, in whole or in part, any other Real Property Taxes; and (vi) reasonable consultants' and attorneys' fees and expenses incurred in connection with proceedings to contest, determine or reduce Real Property Taxes. Real Property Taxes do not include: (A) franchise, transfer, inheritance or capital stock taxes, or income taxes measured by the net income of Landlord from all sources, unless any such taxes are levied or assessed against Landlord as a substitute for, in whole or in part, any Real Property Tax; (B) Impositions and all similar amounts payable by tenants of the Project under their leases; and (C) penalties, fines, interest or charges due for late payment of Real Property Taxes by Landlord. If any Real Property Taxes are payable, or may at the option of the taxpayer be paid, in installments, such Real Property Taxes shall, together with any interest that would otherwise be payable with such installment, be deemed to have been paid in installments, amortized over the maximum time period allowed by applicable law. If the tax statement from a taxing authority does not allocate Real Property Taxes to the Building, Landlord shall make the determination of the proper allocation of such Real Property Taxes based, to the extent possible, upon records of the taxing authority and, if not so available, then on an equitable basis. Real Property Taxes also do not include any increases in the taxes, assessments, charges, excises and levies assessed against the Project due solely to the construction or installation of tenant improvements or other alterations by tenants of the Project other than Tenant and any other tenants or occupants of the Building; provided, however, that if any Real Property Taxes are imposed or increased due to the construction or installation of tenant improvements or other alterations in the Building, such Real Property Taxes shall be equitably prorated in Landlord's reasonable judgment between Tenant and any other tenants of the Building.

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