Lessor Tax definition

Lessor Tax means (where the Lessor is the indemnitee) any Tax that is:
Sample 1Sample 2Sample 3
Lessor Tax means any Tax that is imposed (i) as a result of dealings, presence or activities of Lessor in or in connection to the jurisdiction imposing the Tax or (ii) or based on the income, profits, capital or worth of Lessor (however computed) by taxing authorities in the Principal Taxation Jurisdictions, provided that a Tax does not qualify under subclause (i) above to the extent it relates to (a) Lessee's dealings, activities or presence in such jurisdiction or (b) the importation, location or operation of the Engine or the transactions contemplated or permitted by the Agreement.
Sample 1Sample 2Sample 3
Lessor Tax means any Tax that is: (a) imposed solely as the result of activities of Lessor or Owner in the jurisdiction imposing the Tax that is unrelated to Lessor's dealings with Lessee or the transactions contemplated by this Agreement or the operation of the Aircraft by Lessee; or (b) imposed on or measured by the net income, profits or gains of Lessor or Owner including, without limitation, minimum taxes and taxes on tax preference items and taxes which are capital, doing business, franchise, excess profits, or net worth taxes and interest, additions to tax, penalties or other charges in respect thereof by any Government Entity in the United State of America; or (c) imposed solely as the result of an event that occurs prior to the Delivery Date or subsequent to the Return Occasion and that is unrelated to Lessor's dealings with Lessee or to the transactions contemplated by this Agreement; or (d) imposed on or with respect to a Tax Indemnitee resulting from a Tax Indemnitee's gross negligence, willful misconduct, breach of this Lease, or misrepresentation; or
Sample 1Sample 2

Examples of Lessor Tax in a sentence

  • The Adjusted Gross Operating Profit from operations of the Hotels for the applicable Fiscal Year determined in accordance with the provisions of this Lease less Lessor Tax, Insurance and Cap Ex Obligations.

  • Lessor shall pay the taxes referenced in clause (i) of the definition of "Lessor Tax, Insurance and Cap Ex Obligations." Subject to Article XII relating to permitted contests, Lessee will pay, or cause to be paid, all Impositions before any fine, penalty, interest or cost may be added for non-payment, such payments to be made directly to the taxing or other authorities where feasible, and will promptly furnish to Lessor copies of official receipts or other satisfactory proof evidencing such payments.

  • Lessor shall be responsible for the cost and expense of premiums for the insurance in clause (ii) of the definition of "Lessor Tax, Insurance and Cap Ex Obligations." Lessee shall be responsible for the cost and expense of premiums for all other insurance required to be maintained by this Lease.

  • With respect to any Tax Indemnitee that is Lessor or any Affiliate thereof (a “Lessor Tax Indemnitee”) at Lessee’s written request and with the written consent of Lessor, Lessee shall be entitled to contest any claim with respect to any Tax imposed on such Lessor Tax Indemnitee other than an Income Tax either in Lessee’s name or in the name of such Lessor Tax Indemnitee at Lessee’s sole cost and expense (a “Lessee Controlled Contest”).

  • If, because of a breach of this Section 4(a), Recovery Deductions or Depreciation Deductions are lost, reduced, deferred, recaptured or otherwise made unavailable to Lessor (Tax Loss), Lessee shall, upon demand by Lessor, promptly pay damages to Lessor.

  • Lessor shall pay to Lessee any amounts received in connection with any Lessor Tax protest less the costs incurred by Lessor in such protest, provided Lessee provided the funds for payment of the Tax under protest.

  • The following information is required if business information is not available: Lessor Name, Lessor Address, Lessor Phone Number, Lessor Email Address (business or personal as applicable), Lessor Tax ID (if not a business this is their SSN), Financial Account Information (bank account information).The brokers collect the information within the lease packages and then submit that information manually into the GSA GREX application which is the official repository for this data for GSA.

  • TAXES; TAX INDEMNITY 62 21.1. Indemnity 62 21.2. VAT 65 21.3. Lessor Tax Certificates 65 21.4. Withholding Tax Exemption Certificates 66 21.5. Tax Filings; Information 66 21.6. Payment of Taxes and Indemnities 67 21.7. Contest 67 21.8. Survival 70 21.9. Change in Circumstances; Mitigation 70 22.

  • From time to time upon notice to Lessee by Lessor, Tax Deposits shall be increased to such amounts as may be necessary from time to time to provide a fund sufficient to meet the payment of the annual real estate taxes imposed upon the Combined Premises (or any installment thereof) as and when due and payable, whether on the present dates of payment or on such other dates as may be fixed by law.

  • Pursuant to Section 5 of the Prime Lease, Sublessor is obligated to pay to Prime Lessor "Tax Excess" (as defined therein) based on Tenant's Tax Base Year Amount, which is the amount of aggregate Taxes (as therein defined) for Fiscal Year 1992 and based on Tenant's Tax Percentage (as defined therein) ("Sublessor's Taxes").


More Definitions of Lessor Tax

Lessor Tax means any Tax that is:
Sample 1
Lessor Tax means any Tax that:is imposed on the Lessor’s income, profits or gains by any Governmental Entity in any jurisdiction other than Taxes imposed by any Governmental Entity if and to the extent that that Tax results from:the use, operation, presence or registration of the Engine or any Part in the jurisdiction imposing the Tax; orthe situs of organisation, any place of business or activity of the Lessee or any other person having use, possession or custody of the Engine or any Part in the jurisdiction imposing the Tax;is imposed solely as a result of activities of the Lessor in the jurisdiction imposing the Tax that are unrelated to the Lessor’s dealings with the Lessee, the transactions contemplated by this Agreement or the operation of the Engine by the Lessee;is imposed as a result of negligence, wilful misconduct or reckless behaviour of the Lessor;is imposed as a result of a breach by the Lessor of its obligations under this Agreement;is imposed as a result of a voluntary or involuntary sale, transfer or assignment by the Lessor or the Third Party Owner of all or part of an interest in the Engine or this Agreement except for any such sale, transfer or assignment described in Clause 24;is imposed as a result of the failure by the Lessor to timely and properly file any legally required report or return or comply with the applicable requirement at law of any Governmental Entity in relation to such filing or returns or to timely pay any tax payable by the Lessor; is imposed with respect to any period commencing, or event, act circumstance, situation or condition existing or occurring (i) prior to the Delivery Date or the date of this Agreement whichever is the earlier or (ii) after the Expiry Date unless such Taxes relate to events occurring on or before the Expiry Date relating to Lessor’s dealings with Lessee.imposed as a result of a failure by the Lessor to provide the Lessee with a Tax Residency Certificate;imposed as a result of or in respect of the provision of finance in respect of the Engine or any part thereof; oris a value added or similar tax to the extent that such tax is recoverable (by way of credit, repayment or otherwise) by the Lessor or any member (including the representative member) of its VAT group; orconstitutes a payment made by the Lessee under Clause 12.1; oris imposed on the Lessor by any jurisdiction to the extent such Tax would not have been imposed but for a present or former connection between such jurisdiction and the Lessor un...
Sample 1
Lessor Tax means (where the Lessor is the indemnitee) any Tax that is: imposed solely as the result of activities of Lessor in the jurisdiction imposing the Tax that is unrelated to Lessor's dealings with Lessee or the transactions contemplated by this Lease or the operation of the Aircraft by Lessee; or imposed on the net income, profits or gains of Lessor by the United States of America or the state or political subdivision thereof, but excluding any Tax imposed by any such government or taxing authority of any jurisdiction if and to the extent that such Tax results from (i) the use (or to and/or from) operation, presence or registration of the Aircraft, the Airframe, any Engine or any Part in the jurisdiction imposing the Tax, or (ii) the situs of organization, any place of business or any activity of Lessee or any other Person having use, possession or custody of the Aircraft, the Airframe, any Engine or any Part in the jurisdiction imposing the Tax; or imposed solely as the result of an event that occurs after the expiration or other termination of this Lease and that is unrelated to Lessor's dealings with Lessee or to the transactions contemplated by this Lease.
Sample 1

Related to Lessor Tax

  • Lessee's Share is defined, for purposes of this Lease, as the percentage set forth in paragraph 1.10 of the Basic Lease Provisions, which percentage has been determined by dividing the approximate square footage of the Premises by the total approximate square footage of the rentable space contained in the Office Building Project. It is understood and agreed that the square footage figures set forth in the Basic Lease Provisions are approximations which Lessor and Lessee agree are reasonable and shall not be subject to revision except in connection with an actual change in the size of the Premises or a change in the space available for lease in the Office Building Project.

  • Tenant’s Taxes means (a) all taxes, assessments, license fees and other governmental charges or impositions levied or assessed against or with respect to Tenant's personal property or Trade Fixtures in the Premises, whether any such imposition is levied directly against Tenant or levied against Landlord or the Property, (b) all rental, excise, sales or transaction privilege taxes arising out of this Lease (excluding, however, state and federal personal or corporate income taxes measured by the income of Landlord from all sources) imposed by any taxing authority upon Landlord or upon Landlord's receipt of any rent payable by Tenant pursuant to the terms of this Lease ("Rental Tax"), and (c) any increase in Taxes attributable to inclusion of a value placed on Tenant's personal property, Trade Fixtures or Alterations. Tenant shall pay any Rental Tax to Landlord in addition to and at the same time as Base Rent is payable under this Lease, and shall pay all other Tenant's Taxes before delinquency (and, at Landlord's request, shall furnish Landlord satisfactory evidence thereof). If Landlord pays Tenant's Taxes or any portion thereof, Tenant shall reimburse Landlord upon demand for the amount of such payment, together with interest at the Interest Rate from the date of Landlord's payment to the date of Tenant's reimbursement.

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Property Tax means the general property tax due and paid as set

  • Real Property Tax As used herein, the term "real property tax" shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, and any license fee, commercial rental tax, improvement bond or bonds, levy or tax (other than inheritance, personal income or estate taxes) imposed on the Premises by any authority having the direct or indirect power to tax, including any city, state or federal government, or any school, agricultural, sanitary, fire, street, drainage or other improvement district thereof, as against any legal or equitable interest of Lessor in the Premises or in the real property of which the Premises are a part, as against Lessor's right to rent or other income therefrom, and as against Lessor's business of leasing the Premises. The term "real property tax" shall also include any tax, fee, levy, assessment or charge (i) in substitution of, partially or totally, any tax, fee, levy, assessment or charge hereinabove included within the definition of "real property tax," or (ii) the nature of which was hereinbefore included within the definition of "real property tax," or (iii) which is imposed for a service or right not charged prior to June 1, 1978, or, if previously charged, has been increased since June 1, 1978, or (iv) which is imposed as a result of a transfer, either partial or total, of Lessor's interest in the Premises or which is added to a tax or charge hereinbefore included within the definition of real property tax by reason of such transfer, or (v) which is imposed by reason of this transaction, any modifications or changes hereto, or any transfers hereof.

  • State tax means any State Income Taxes or State Other Taxes.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • municipal tax means property rates or other taxes, levies or duties that a municipality may impose;

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Real Estate Taxes means the ad valorem real estate taxes levied against the Property (and the improvements and fixtures located thereon), betterment assessments, special benefit taxes and special assessments levied or imposed against the Property, taxes levied or assessed on gross rentals payable by Tenant to the extent charged, assessed or imposed upon tenants in general which are based upon the rents payable under this Lease, any impact fees levied or assessed, whether or not billed by the taxing authority as a special benefit tax or a special assessment, all taxes levied or assessed on the Property that are in addition to or in lieu of taxes that are currently so assessed, and penalties and interest related to Real Estate Taxes if the applicable Real Estate Tax bills have been forwarded to Tenant in a timely manner; provided, however, that Real Estate Taxes shall not include any Excluded Taxes. “Excluded Taxes” shall mean, without limitation, Landlord’s income taxes, gift taxes, excess profit taxes, excise taxes, franchise taxes, estate, succession, inheritance and realty transfer taxes resulting from the transfer of any direct or indirect interest in the Property by Landlord unless such taxes replace Real Estate Taxes in the future (except as expressly set forth in the last sentence of this Section 4(a)), and any interest or penalty charges resulting solely from Landlord’s failure to promptly deliver the Real Estate Tax bills to Tenant if the applicable taxing authority has forwarded the tax xxxx to Landlord rather than Tenant. All special benefit taxes and special assessments shall be amortized over the longest time permitted under ordinance and Tenant’s liability for installments of such special benefit taxes and special assessments not yet due shall be paid in full prior to the expiration or termination of this Lease; provided, that the useful life of any such improvements do not extend beyond the expiration of the Term. Tenant shall also pay, directly to the applicable Governmental Authority (as hereinafter defined), any storm water charges, fees and taxes and use and occupancy tax in connection with the Property or any improvements thereon (or in the event Landlord is required by law to collect such tax, Tenant shall pay such use and occupancy tax to Landlord as Rent within thirty (30) days of written demand and Landlord shall remit any amounts so paid to Landlord to the appropriate Governmental Authority in a timely fashion) and deliver evidence of such payment to Tenant within ten (10) days of making such payment or within ten (10) days of receipt of Tenant’s request for such evidence of payment.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • Property tax increment means the amount obtained by:

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Landlord Delay means a delay in the construction of the Tenant Improvements or Compliance Work resulting directly from the acts or omissions of Landlord, Landlord’s employees, agents, or contractors including, but not limited to (i) failure of Landlord to timely approve or disapprove any plans; (ii) interference by Landlord, its employees, agents or contractors with the completion of the Tenant Improvements or Compliance Work (including the impairment of Tenant’s contractors’ or vendors’ or employees’ access to the Premises for any reason (including due to the presence of Landlord’s contractors, vendors or personnel), failure to provide reasonable access to the Building’s loading docks or other facilities necessary for the construction of the Tenant Improvements or Compliance Work and/or the movement of materials and personnel to the Premises for such purpose) and (iii) delays due to the acts or failures to act of Landlord, its agents or contractors with respect to payment of the Tenant Improvement Allowance. If Tenant contends that a Force Majeure Construction Delay or a Landlord Delay has occurred, Tenant acknowledges and agrees that it has inspected the Building and the Site and in no event shall the physical character or condition of the Building and/or Site existing as of the Effective Date constitute a basis for a Landlord Delay (this agreement does not apply to the failure of any Building component to properly operate). Further, in no event shall any delay of Landlord constitute a Landlord Delay unless such delay results in a full day of delay in the construction of the Tenant Improvements or Compliance Work. Tenant shall notify Landlord in writing (the “Delay Notice”) of the event which constitutes such Force Majeure Construction Delay or Landlord Delay; such notice may be via electronic mail to Landlord’s construction representative described above. Tenant will additionally use reasonable efforts to mitigate the effects of any Force Majeure Construction Delay or Landlord Delay through the re-sequencing or re-scheduling of work, if feasible, but this sentence will not be deemed to require Tenant to incur overtime or after-hours costs unless Landlord agrees in writing to bear such costs. If the actions or inactions or circumstances described in the Delay Notice constitute a Landlord Delay, and are not cured by Landlord within one (1) business day after Landlord’s receipt of the Delay Notice, then a Landlord Delay shall be deemed to have occurred commencing as of the expiration of such one (l)-business day period. The Lease Commencement Date and the Lease Expiration Date will each be delayed on a day for day basis for each day of Force Majeure Construction Delay or Landlord Delay.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.