Ownership Taxes definition

Ownership Taxes means all taxes, assessments, impositions and governmental charges of every kind and nature which Landlord shall pay in a calendar year because of or in any way connected with the ownership, leasing, management, and operation of the Building and the Property, subject to the following:
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Ownership Taxes means real estate taxes, assessments (whether they be general or special), sewer rents, rates and charges, transit taxes, taxes based upon the receipt of rent, and any other federal, state or local governmental charge, general, special, ordinary or extraordinary but not including income or franchise taxes, capital stock, inheritance, estate, gift, or any other taxes imposed upon or measured by Landlord's income or profits, unless the same shall be imposed in lieu of real estate taxes or other ad valorem taxes, which may now or hereafter be levied, assessed or imposed against the Entire Facility or the land underlying the Entire Facility (hereinafter referred to as the "Land").
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Ownership Taxes means, in relation to the Forward Lease, Tax imposed on the Leased Asset by reason of the ownership of the Leased Asset (whether direct or indirect).
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Examples of Ownership Taxes in a sentence

  • The following revenue sources are considered susceptible to accrual because they are both measurable and available to finance expenditures of the current period: • Property Taxes• Specific Ownership Taxes Taxpayer-assessed local property and specific ownership taxes are considered ''measurable'' when in the hands of intermediary collecting governments and are recognized as revenue at that time.

  • The skewness of the histogram is used to determine symmetry, while the tail shape of the histogram is used to determine kurtosis.

  • The District further covenants that so long as any District Bonds remain outstanding, that the District will remit all District Specific Ownership Taxes to the District Bond Trustee for such outstanding District Bonds.

  • Tenant's Proportionate Share of Ownership Taxes, Operating Expenses and Utility expenses shall be as set forth in Section 3 herein.

  • The new and amended standards issued by IASB effective from 2022, were not deemed to have a significant impact onRaketech’s financial statements.

  • The Base Year for purposes of calculating Tenant’s Proportionate Share of Ownership Taxes with respect to the 18th Amendment Extended Term shall be the calendar year 2010, and Tenant’s Proportionate Share shall be 5.26%.

  • Sunstein, The Cost of Rights: Why Liberty Depends on Taxes (1999); Liam Murphy & Thomas Nagel, The Myth of Ownership: Taxes and Justice (2002); see also Sandra Fredman, Human Rights Transformed: Positive Rights and Positive Duties (2008).

  • The Lessee shall pay all Taxes relating to the use and ownership of the Leased Asset other than Ownership Taxes.

  • Subject to the provisions below in this Paragraph (A), "Ownership Taxes" shall mean all taxes, assessments, impositions and governmental charges of every kind and nature which Landlord shall pay in a calendar year because of or in any way connected with the ownership, leasing, management, and operation of the Building and the Property.

  • Such Ownership Taxes shall be estimated from time to time by Landlord and set forth in written notices to Tenant.


More Definitions of Ownership Taxes

Ownership Taxes are defined as the general real estate taxes levied or assessed against the land and building in which the Leased Premises are located and the special assessments, if any, levied or assessed against said property limited, however, to the installment which applies to the calendar year in which paid. Attorney's fee to reduce the respective property taxes will be shared proportionately among the Lessee's.
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Ownership Taxes means all taxes and assessments, of every kind and nature, special or otherwise, levied upon or with respect to the air rights parcel on which the Building is situated as legally described on Exhibit A-3 attached hereto (the "Property") and the Building located thereon, together with Lessor's interest therein, including without limitation general real property taxes, imposed by federal, state, or local governments and taxing bodies (excluding income, franchise, capital stock, federal and state estate and inheritance taxes, and taxes based on receipt of rentals) and any personal property taxes imposed upon fixtures, machinery, apparatus systems and appurtenances in, upon or used in connection with the Building for the operation thereof. If at any time during the Term the prevailing method of taxation shall be altered so that any tax, assessment, levy, imposition or charge or any part thereof, shall be imposed upon Lessor in place, or partly in place, of any such taxes or increase therein, heretofore described in this Subsection (a)(iii), and shall be measured by or be based in whole or in part upon the Property or the rents or other income therefrom, then all such taxes, assessments, levies, impositions or charges or part thereof, to the extent that they are so measured, or based, shall be included in Ownership Taxes, to the extent that such items would be payable if the Property were the only property of Lessor subject thereto and the rent and other income received by Lessor from the Property were the only income of
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Ownership Taxes are defined as the general real estate taxes levied or assessed against the land of the Site and the Building in which the leased premises are located, if any, levied or assessed against said property limited, however, to the installment which applies to the calendar year in which paid. There shall be included in Real Estate Taxes the amount of fees, costs, and expenses including reasonable attorney fees paid or incurred by Lessor in seeking or obtaining a refund or reduction in such taxes. The ratio for such adjustment shall be 2600/48,400 square feet. *To be paid in 1997. Electric Charges. Lessee agrees to pay in addition to the monthly rent provided herein, additional rent to be made with respect to the electrical charges for any calendar year of the term or portion thereof. If the electric xxxx for any one year of the term (including the year in which this lease terminates) reflects an increase, then Lessee is obligated to pay their proportionate share of the increase over the base year. Said base year shall be the 1997 total electric xxxx. Said electrical charges, exclusive of the restaurant, shall be calculated under the following ratio - 2600 /36,000 square feet. On or about March 1, 1998 and on or about March 1, of each year thereafter, Lessor shall furnish to Lessee copies of invoices of electrical charges paid by the Building for the previous calendar year together with a statement for any additional rent due pursuant to this paragraph, which additional rent shall be due and payable within ten (10) days after receipt of such statement. As security for the faithful performance of the terms and obligations of this lease, Lessee has deposited with the Lessor the sum of Three Thousand Two Hundred Fifty ($3,250.00) and no/100ths-- -- DOLLARS. At no time shall said security deposit be considered as payment of advance rental. Provided that the Lessee is not in default in the payment of the rent or any other terms of this lease, Lessor shall return said security deposit to the Lessee within a reasonable period of time after the expiration of the term hereof. However, should Lessee default in the terms hereof, the said security deposit shall thereupon without further notice to Lessee become the sole and exclusive property of the Lessor and in ALANORTH, L.L.C. OFFICE LEASE 1 the event said security deposit shall be insufficient to cover the damages sustained by the Lessor, Lessor shall have the right to proceed against the Lessee for the recovery of the ba...
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Ownership Taxes means all taxes and assessments of every kind and nature which Landlord shall pay or are payable during or become obligated to pay in a calendar year (which shall be consistently applied throughout the Term), because of, in connection with or arising from (i) the ownership, leasing or operation of the Retail Parcel (as configured or defined from time to time) or the land upon which the Retail Parcel (or the Building of which it is a part) is located or (ii) the ownership, leasing or operation of the New Parcels (as hereinafter defined) or the land upon which the New Parcel (or the Building of which it is a part) is located, -or (iii) the Declaration of Covenants (as defined below), all in accordance with subparagraphs (A), (B), (C) and (D) following: (A) The amount of special taxes or special assessments (amortized over the longest reasonable time permitted without penalty) to be included in Ownership Taxes shall be limited to the amount of the installment, plus any interest (other than penalty interest) thereon, of such special tax or special assessment required to be paid during the calendar year in respect of which Ownership Taxes are being determined. (B) The amount of tax or excise levied by the State of Illinois, or the City of Chicago, or any political subdivision of either, on rents or other income from the Retail Parcel, New Parcels, and allocated pursuant to the Declaration of Covenants shall be included in Ownership Taxes; provided, however, that the amount payable by Tenant with respect to Ownership Taxes deriving from this subparagraph (B) shall not exceed an amount equal to the tax rate multiplied by the Rent paid by Tenant. (C) Notwithstanding anything contained herein to the contrary, there shall be excluded from Ownership Taxes all income taxes, excess profit taxes, corporate franchise, capital stock, inheritance or estate taxes, license fees, inspection fees and permit fees except to the extent expressly included in Ownership Taxes herein. (D) All reasonable costs, fees and expenses including, without limitation, attorney's fees and appraisal costs incurred by Landlord in connection with contesting the amount or validity of Ownership Taxes and the prosecution of any tax under tax appeal with respect to Ownership Taxes and all interest and penalties; if any, accruing in connection therewith. Provided that Tenant timely pays Tenant's Share of Ownership Taxes, Tenant shall not be required to reimburse Landlord for any late payments or charge...
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Related to Ownership Taxes

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Employee Taxes means all taxes, assessments, charges and other amounts whatsoever payable in respect of, and measured by the wages of, the Vendor’s employees (or subcontractors), as required by the Federal Social Security Act and all amendments thereto and/or any other applicable federal, state or local law.

  • U.S. Taxes means any present or future tax, assessment or other charge or levy imposed by or on behalf of the United States of America or any taxing authority thereof or therein.

  • Indirect Taxes means value added taxes, sales taxes, consumption taxes and other similar taxes.

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Tax or Taxes means any federal, state, provincial, local, foreign or other tax (including any income tax, franchise tax, capital gains tax, gross receipts tax, value-added tax, surtax, estimated tax, excise tax, ad valorem tax, transfer tax, stamp tax, sales tax, use tax, property tax, withholding tax or payroll tax), and any related fine, penalty or interest, imposed, assessed or collected by or under the authority of any governmental body, whether disputed or not.

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).

  • Transfer Taxes has the meaning set forth in Section 6.05.

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Company Owned Real Property shall have the meaning set forth in Section 3.12(a).

  • Base Taxes means the Taxes payable for the Base Tax Year.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Property Taxes means all real property Taxes, personal property Taxes and similar ad valorem Taxes.

  • Excluded Withholding Taxes means (i) withholding Taxes imposed by the United States except to the extent that such United States withholding Taxes are imposed or increased as a result of any change in applicable law (excluding from change in applicable law for this purpose a change in an applicable treaty or other change in law affecting the applicability of a treaty) after the date hereof, or in the case of a successor Liquidity Provider (including a transferee of an Advance) or Facility Office, after the date on which such successor Liquidity Provider obtains its interest or on which the Facility Office is changed, (ii) any withholding Taxes imposed by the United States which are imposed or increased as a result of the Liquidity Provider failing to deliver to the Borrower any certificate or document (which certificate or document in the good faith judgment of the Liquidity Provider it is legally entitled to provide) which is reasonably requested by the Borrower to establish that payments under this Agreement are exempt from (or entitled to a reduced rate of) withholding Tax and (iii) Taxes imposed under Sections 1471 through 1474 of the Internal Revenue Code of 1986, as amended.

  • Excluded Taxes means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 10.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Section 3.01(a)(ii), (a)(iii) or (c), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.