UNRELATED BUSINESS INCOME. If Landlord is advised by its counsel at any time that any part of the payments by Tenant to Landlord under this Lease may be characterized as unrelated business income under the United States Internal Revenue Code and its regulations, then Tenant shall enter into any amendment proposed by Landlord to avoid such income, so long as the amendment does not require Tenant to make more payments or accept fewer services from Landlord, than this Lease provides.
UNRELATED BUSINESS INCOME. A. Landlord shall have the right at any time and from time to time to unilaterally amend the provisions of this Lease, if Landlord is advised by its counsel that all or any portion of the monies paid by Tenant to Landlord hereunder are, or may be deemed to be, unrelated business income within the meaning of the United States Internal Revenue Code or regulations issued thereunder, and Tenant agrees that it will execute all documents or instruments necessary to effect such amendment or amendments, provided that no such amendment shall result in Tenant having to pay in the aggregate more money on account of its occupancy of the Premises under the terms of this Lease, as so amended, and provided further that no such amendment shall result in Tenant receiving fewer services or services of a lesser quality than it is presently entitled to receive under this Lease.
B. Any services which Landlord is required to furnish pursuant to the provisions of this Lease may, at Landlord's option, be furnished from time to time, in whole or in part, by employees of Landlord or the building manager of the Project or its employees or by one or more third persons hired by Landlord or the building manager of the Project. Tenant agrees that upon Landlord's written request it will enter into direct agreements with the building manager of the Project or other parties designated by Landlord for the furnishing of any such services required to be furnished by Landlord hereunder, in form and content approved by Landlord, provided however that no such contract shall result in Tenant having to pay in the aggregate more money on account of its occupancy of the Premises under the terms of this Lease, and provided further that no such contract shall result in Tenant receiving fewer services or services of a lesser quality than it is presently entitled to receive under this Lease.
UNRELATED BUSINESS INCOME. [Intentionally Omitted]
UNRELATED BUSINESS INCOME. If Landlord is advised by its counsel at any time that any part of the payments by Subtenant to Landlord under this Sublease may be characterized as unrelated business income under the United States Internal Revenue Code and its regulations, then Subtenant shall enter into any amendment proposed by Landlord to avoid such income, so long as the amendment does not require Subtenant to make more payments or accept fewer services from Landlord than this Sublease provides.
UNRELATED BUSINESS INCOME. If Landlord is advised by its counsel at any time that any part of the payments (other than Base Rent and Additional Rent) by Tenant to Landlord under this Lease, as it may be amended from time to time, may be characterized as unrelated business income under the United States Internal Revenue Code and its regulations, as each of the same may be amended, then Tenant shall enter into any reasonable amendment proposed by Landlord to avoid such income, so long as the amendment does not require Tenant to make more payments or accept fewer services from Landlord, than this Lease provides.
UNRELATED BUSINESS INCOME. All payments to the Landlord shall constitute rents from real property as such terms are defined in Section 856 (d) of the Internal Revenue Code of 1954, and therefore do not include unrelated business income. If in the opinion of Landlord’s counsel, there shall be any significant risk that any individual payment or type of payment made by Tenant under the Lease would be taxable to Landlord, Landlord may by written notice to Tenant modify the Lease so that no payments will, in the opinion of Landlord’s counsel, give rise to unrelated business income. The modifications shall not result in any additional financial burden to Tenant.
UNRELATED BUSINESS INCOME. If Landlord is advised at any time that any part of the payments by Tenant to Landlord under this Lease may be characterized under the Internal Revenue Code or its regulations as unrelated business taxable income or may not be excludable from unrelated business taxable income, then Tenant, at the option of Landlord, shall enter into an amendment of this Lease, reasonably acceptable to Landlord and Tenant, that will enable Landlord to avoid such income, so long as the amendment does not increase Tenant’s obligations hereunder or diminish Tenant’s rights hereunder.
UNRELATED BUSINESS INCOME. An IRA is subject to tax on unrelated business income if it carries on an unrelated trade or business. An unrelated trade or business means any trade or business regularly carried on
UNRELATED BUSINESS INCOME. All payments to the Landlord shall constitute rents from real property as such terms are defined in Section 856 (d) of the Internal Revenue
UNRELATED BUSINESS INCOME. Landlord shall have the right at any time and from time to time to unilaterally amend the provisions of this Lease, if Landlord is advised by its counsel that all or any portion of the monies paid by Tenant to Landlord hereunder are, or may be deemed to be, unrelated business income within the meaning of the United States Internal Revenue Code or regulations issued thereunder, and Tenant agrees that it will execute all documents or instruments necessary to effect any such amendment; provided, that no such amendment shall result in Tenant having to pay in the aggregate more money on account of its occupancy of the Premises under the terms of this Lease, as so amended, and provided further, that no such amendment shall result in Tenant receiving fewer services or services of a lesser quality than it is presently entitled to receive under this Lease. Any services which Landlord is required to furnish pursuant to the provisions of this Lease may, at Landlord's option, be furnished from time to time, in whole or in part, by employees of Landlord or any managing agent of the Project or its employees or by one or more third persons approved by Landlord.
