Common use of Taxes on Personal Property Clause in Contracts

Taxes on Personal Property. In addition to, and wholly apart from its obligation to pay Tenant’s Proportionate Share of Operating Costs and Impositions, Tenant shall be responsible for and shall pay, prior to delinquency, any taxes imposed upon, levied with respect to or assessed against Tenant’s Personal Property, or the value of the Tenant Improvements, or any other tax, charge, levy or fee imposed in substitution therefor. To the extent that any such taxes are not separately assessed and billed to Tenant, but are reasonably allocable to Tenant and billed to Landlord, Tenant shall pay the amount thereof as invoiced to Tenant by Landlord.

Appears in 2 contracts

Samples: Houghton Mifflin Co, Houghton Mifflin Co

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Taxes on Personal Property. In addition to, and wholly apart from its obligation to pay Tenant’s 's Proportionate Share of Operating Costs and Impositions, Tenant shall be responsible for and shall pay, prior to delinquency, any taxes imposed upon, levied with respect to or assessed against Tenant’s 's Personal Property, or the value of the Tenant Improvements, or any other tax, charge, levy or fee imposed in substitution therefor. To the extent that any such taxes are not separately assessed and billed to Tenant, but are reasonably allocable to Tenant and billed to Landlord, Tenant shall pay the amount thereof as invoiced to Tenant by Landlord.

Appears in 1 contract

Samples: Section Page (Houghton Mifflin Co/Fa)

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Taxes on Personal Property. In addition to, and wholly apart from its obligation to pay Tenant’s Proportionate Share of Operating Costs and Impositions, Tenant shall be responsible for and shall pay, prior to delinquency, taxes or governmental service fees, possessory interest taxes, fees or charges in lieu of any taxes such taxes, capital levies, or other charges imposed upon, levied with respect to or assessed against Tenant’s Personal Propertyits personal property, or the value of the its Tenant Improvements, Improvements or any other tax, charge, levy or fee imposed in substitution thereforits interests pursuant to this Lease. To the extent that any such taxes are not separately assessed and billed to Tenant, but are reasonably allocable to Tenant and billed to Landlord, Tenant shall pay the amount thereof as invoiced to Tenant by Landlord.

Appears in 1 contract

Samples: Subtenant Improvements Agreement (NewStar Financial, Inc.)

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