Tax and Insurance Expenses definition

Tax and Insurance Expenses means: (i) all ad valorem, rental, sales, use, and other taxes (other than Landlord's income taxes), special assessments, and other governmental charges, and all assessments due to deed restrictions and/or owner's associations which accrue against the Building during the term of this Lease; and (ii) all insurance premiums paid by Landlord with respect to the Building including, without limitation, public liability, casualty, rental, and property damage insurance.
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Tax and Insurance Expenses means all real property taxes, general and special assessments (with Lessor being required to either elect the installment treatment for special assessments or otherwise treat Tax and Insurance Expenses as though Lessor had elected the installment treatment with regard to special assessments) and taxes or assessments on rentals, including dues and assessments by means of deed restrictions and/or owners' associations which accrue against the leased premises during the term of this Lease; and all insurance premiums Lessor is required to pay or reasonably deems necessary to pay, including public liability insurance, with respect to the leased premises.
Sample 1
Tax and Insurance Expenses means: (A) all ad valorem, rental, sales, use, and other taxes (other than Landlord's income taxes), special assessments (which shall be paid by Landlord over the longest period permitted by the assessing authority and not include those special assessments attributable to the initial development or construction of the building or development) and other governmental charges, and all assessments due to deed restrictions and/or owner's associations which accrue against the Project during the term of this Lease; and (B) all insurance premiums paid by Landlord with respect to the Project including, without limitation, public liability, casualty, rental, and property damage insurance.
Sample 1

Examples of Tax and Insurance Expenses in a sentence

  • In the case of a multi-building Project, if such Tax and Insurance Expenses are not separately assessed to the Building but are assessed against the Project as a whole, Landlord shall determine the portion of such Tax and Insurance Expenses allocable to the Building in which the Leased Premises are located.

  • The staff’s specialty board process should be robust and ensure specialty board recognition criteria is being sustained.

  • In the event Lessor's Tax and Insurance Expenses for the leased premises shall, in any calendar year during the term of this Lease, exceed the actual Tax and Insurance Expenses paid or incurred by Lessor for the leased premises for the calendar year 1997 (the "Base Year"), Lessee agrees to pay as additional rent such excess Tax and Insurance Expenses.

  • CONICET: In the case of Argentina, the Mincyt paid the contribution but CONICET had almost not participation.

  • If Tenant’s audit of the Landlord’s Tax and Insurance Expenses indicates that Tenant was overcharged for Landlord’s Tax and Insurance Expenses, Landlord shall promptly repay all such overpayments to Tenant.

  • Lessor agrees to furnish, from time to time, within ten days after receipt of a request from Lessee, a statement certifying, if applicable, the following: the Lease is in full force and effect; the Lease is unmodified (or, if modified, describing such modifications); Lessor claims no present charge, lien, or claim against Lessee (other than base rent and Tax and Insurance Expenses); and there is no existing default by reason of some act or omission by Lessee.

  • Tenant shall have no obligation to reimburse Landlord for any Landlord’s Tax and Insurance Expenses for which Landlord fails to deliver an invoice to Tenant within three hundred sixty-five (365) days after the date the applicable Landlord’s Tax and Insurance Expenses were incurred or otherwise accrued.

  • If Tenant challenges Landlord’s computations of Landlord’s Tax and Insurance Expenses, Tenant shall give Landlord notice stating Tenant’s objections.

  • Landlord shall maintain accurate books and records for the Landlord’s Tax and Insurance Expenses in accordance with generally accepted accounting principles consistently applied.

  • If there is a change in ownership of the Premises, Landlord agrees to give complete Copies of all records affecting Landlord’s Tax and Insurance Expenses to the subsequent owner.

Related to Tax and Insurance Expenses

  • Operating Expenses shall include all costs to the Lessor of operating and maintaining the Premises, and shall include, without limitation, real estate and personal property taxes and assessments, management fee(s), heating, air conditioning, HVAC, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Premises and related parking areas, unless expressly excluded from operating expenses.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

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

  • Impositions means, collectively, all taxes (including, without limitation, all taxes imposed under the laws of any State, as such laws may be amended from time to time, and all ad valorem, sales and use, or similar taxes as the same relate to or are imposed upon Landlord, Tenant or the business conducted upon the Leased Property), assessments (including, without limitation, all assessments for public improvements or benefit, whether or not commenced or completed prior to the date hereof), ground rents (including any minimum rent under any ground lease, and any additional rent or charges thereunder), water, sewer or other rents and charges, excises, tax levies, fees (including, without limitation, license, permit, inspection, authorization and similar fees), and all other governmental charges, in each case whether general or special, ordinary or extraordinary, foreseen or unforeseen, of every character in respect of the Leased Property or the business conducted thereon by Tenant (including all interest and penalties thereon due to any failure in payment by Tenant), which at any time prior to, during or in respect of the Term hereof may be assessed or imposed on or in respect of or be a lien upon (a) Landlord’s interest in the Leased Property, (b) the Leased Property or any part thereof or any rent therefrom or any estate, right, title or interest therein, or (c) any occupancy, operation, use or possession of, or sales from, or activity conducted on, or in connection with the Leased Property or the leasing or use of the Leased Property or any part thereof by Tenant; provided, however, that nothing contained herein shall be construed to require Tenant to pay and the term “Impositions” shall not include (i) any tax based on net income imposed on Landlord, (ii) any net revenue tax of Landlord, (iii) any transfer fee (but excluding any mortgage or similar tax payable in connection with a Facility Mortgage) or other tax imposed with respect to the sale, exchange or other disposition by Landlord of the Leased Property or the proceeds thereof, (iv) any single business, gross receipts tax, transaction privilege, rent or similar taxes as the same relate to or are imposed upon Landlord, (v) any interest or penalties imposed on Landlord as a result of the failure of Landlord to file any return or report timely and in the form prescribed by law or to pay any tax or imposition, except to the extent such failure is a result of a breach by Tenant of its obligations pursuant to Section 3.1.3, (vi) any impositions imposed on Landlord that are a result of Landlord not being considered a “United States person” as defined in Section 7701(a)(30) of the Code, (vii) any impositions that are enacted or adopted by their express terms as a substitute for any tax that would not have been payable by Tenant pursuant to the terms of this Agreement or (viii) any impositions imposed as a result of a breach of covenant or representation by Landlord in any agreement governing Landlord’s conduct or operation or as a result of the negligence or willful misconduct of Landlord.