Common use of UNRELATED BUSINESS INCOME Clause in Contracts

UNRELATED BUSINESS INCOME. If Landlord becomes aware that any part of the payments by Tenant to Landlord under this Lease may be characterized as (i) unrelated business income, or (ii) not “rents from real property,” in each case, under the United States Internal Revenue Code and related regulations, then Tenant shall enter into any amendment proposed by Landlord to change such characterizations, provided the amendment does not require Tenant to make more payments or accept fewer services from Landlord than under this Lease. ​

Appears in 1 contract

Samples: Lease (AeroVironment Inc)

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UNRELATED BUSINESS INCOME. If Landlord becomes aware that any part of the payments by Tenant to Landlord under this Lease may be characterized as (i) unrelated business income, or (ii) not “rents from real property,” in each case, under the United States Internal Revenue Code and related regulations, then Tenant shall enter into any amendment proposed by Landlord to change such characterizations, provided the amendment does not require Tenant to make more payments or accept fewer services from Landlord than under this Lease. ​.

Appears in 1 contract

Samples: Lease (Repro Med Systems Inc)

UNRELATED BUSINESS INCOME. If Landlord becomes aware 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 Lease, as it may be amended from time to time, may be characterized as (i) unrelated business income, or (ii) not “rents from real property,” in each case, income under the United States Internal Revenue Code and related its regulations, as each of the same may be amended, then Tenant shall enter into any reasonable amendment proposed by Landlord to change avoid such characterizationsincome, provided so long as the amendment does not require Tenant to make more payments or accept fewer services from Landlord Landlord, than under this Lease. ​Lease provides.

Appears in 1 contract

Samples: Lease Agreement (AntriaBio, Inc.)

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UNRELATED BUSINESS INCOME. If Landlord becomes aware 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 (i) unrelated business income, or (ii) not “rents from real property,” in each case, income under the United States Internal Revenue Code and related its regulations, as each of the same may be amended, then Tenant shall enter into any amendment proposed by Landlord to change avoid such characterizationsincome, provided so long as the amendment does not require Tenant to make more payments or accept fewer services from Landlord Landlord, than under this Lease. ​Lease provides.

Appears in 1 contract

Samples: Lease Agreement (CHG Healthcare Services, Inc.)

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