Taxes and Assessments definition
Taxes and Assessments means all taxes, assessments or other impositions, general or special, ordinary or extraordinary, of every kind or nature, which may be levied, assessed or imposed upon or with respect to the Property or any part thereof, including the Leased Premises, or upon any buildings, improvements, fixtures, equipment or personal property at any time situated thereon.
Taxes and Assessments shall also include legal and consultants' fees, costs and disbursements incurred in connection with proceedings to contest, determine or reduce taxes, Landlord specifically reserving the right, but not the obligation, to contest by appropriate legal proceedings the amount or validity of any taxes.
Taxes and Assessments with respect to the Springing Facility Site Lease, shall have, collectively, the meaning set forth in Section 18.1 of the Springing Facility Site Lease.
Examples of Taxes and Assessments in a sentence
If any real estate taxes or general, special, or improvement district assessments (collectively, “Taxes and Assessments”) are not separately assessed to the Trust Property but include other property owned or not owned by Trustor, Trustor agrees that it will promptly apply for and complete the separation of the Trust Property from all other property for the purpose of all Taxes and Assessments.
There shall be no closing adjustments between the parties for Taxes and Assessments not yet due and payable at Closing unless Tenant is not responsible for all such Taxes and Assessments due in accordance with the provisions of the Lease.
If Trustor does not promptly complete the separation or pay all Taxes and Assessments or other amounts under (ii) through (vi) above as provided in this paragraph, Beneficiary may exercise all remedies available under this Deed of Trust, including the right to advance all monies necessary to pay all or any portion of the Taxes and Assessments or the amounts under (ii) through (vi) above.
There shall be no closing adjustments between the parties for Taxes and Assessments not yet due and payable at Closing unless Tenant is not responsible for all such Taxes and Assessments due in accordance with the provisions of the Leases.
As long as Developer owns the Project Site, Developer assumes and agrees to pay all Real Estate Taxes and Assessments becoming a lien against the Project Site whenever assessed, due, or payable.
More Definitions of Taxes and Assessments
Taxes and Assessments with respect to the Facility Site Lease, shall have, collectively, the meaning set forth in Section 18.1 of the Facility Site Lease.
Taxes and Assessments shall also include legal and consultants’ fees, costs and disbursements incurred in connection with proceedings to contest, determine or reduce taxes, Landlord specifically reserving the right, but not the obligation, to contest by appropriate legal proceedings the amount or validity of any taxes.
Taxes and Assessments means all taxes, assessments and governmental charges (including personal property and real estate taxes), whether federal, state, county or municipal, and whether they be by taxing districts or authorities presently taxing the Property or by others subsequently created, and any other taxes and assessments (including franchise taxes) attributable to the Property or its operation, whether or not directly paid by Landlord, excluding, however, federal and state taxes on income (unless such income taxes replace, in whole or in part, real estate taxes). Taxes and Assessments shall be the amount due in cash for any year and shall not be determined on an accrual or fiscal year basis. It is agreed that Tenant shall be responsible for ad valorem taxes on its personal property.
Taxes and Assessments means all taxes and assessments and governmental charges (including personal property and real estate taxes), whether federal, state, county or municipal, and whether they be assessed or levied by taxing districts or authorities presently taxing the Property by others subsequently created, and any other taxes and assessments (including franchise taxes) attributable to the Property or its operation, whether or not directly paid by Landlord, excluding, however, federal and state taxes on income of the Landlord, unless such income taxes replace real estate taxes. The Tenant shall be responsible for ad valorem taxes on its personal property. If at any time during the Term the methods of taxation shall be altered so that in addition to or in lieu of or as a substitute for the whole or any part of any taxes levied, assessed or imposed there shall be levied, assessed or imposed (i) a tax, license fee, excise or other charge on the rents received by Landlord with respect to the Building, or (ii) any other type of tax or other imposition in lieu of, or as a substitute for, or in addition to, the whole or any portion of any taxes, then the same shall be included as taxes for the purposes hereof. A tax bill or true copy thereof, if submitted by Landlord to Tenant, shall be conclusive evidence of the amount of taxes assessed or levied as ▇▇▇l as of the items taxed. Reasonable expenses (including without limitation contingency-based fees), including attorneys’ fees, expert witness fees and similar costs, incurred by Landlord in obtaining or attempting to obtain a reduction of any taxes shall be added to and included in the amount of any such taxes. Taxes which are being contested by Landlord shall nevertheless be included for purposes of the computation of the liability of Tenant hereunder, provided, however, that if Landlord is successful in contesting any such taxes, excess taxes paid by Tenant shall be applied as a credit toward the next installment(s) of taxes due. Landlord shall have no obligation to contest, object to or litigate the levying or imposition of any taxes and may settle, compromise, consent to, waive or otherwise determine in its discretion to abandon any contest with respect to the amount of any taxes without consent or approval of Tenant.
Taxes and Assessments means all taxes, assessments, levies and charges imposed by any public or quasi-public authority having jurisdiction over the Property which are or may affect, or become a lien upon, the Property, or the rents, royalties, profits and income of the Property, or interest therein, or imposed by any public or quasi-public authority upon Trustor, Trustee or Beneficiary by reason of their respective interests in the Property or by reason of any payment, or portion thereof, made to Beneficiary hereunder or pursuant to any obligation secured by this Deed of Trust or any of the other Loan Documents, other than taxes which are measured by and imposed upon Beneficiary’s general net income.
Taxes and Assessments means all taxes, assessments or other impositions, general or special, ordinary or extraordinary, of every kind or nature, which may be levied, assessed or imposed upon or with respect to the Facility Site or any part thereof, or upon the Facility or any buildings, improvements, fixtures, equipment or personal property of Site Lessee at any time situated thereon, including, but not limited to, any ad valorem and inventory taxes. Site Lessee shall not be responsible for the payment of any sales, use, value- added, income, franchise or similar tax due and payable by Site Lessor or imposed by reason of the rental payments under this Site Lease.
Taxes and Assessments means every type of tax, charge or impost assessed against the Building and/or Project or the operations thereof, including, but not limited to, sales taxes, ad valorem taxes, special assessments and governmental charges, together with the actual cost (including fees of attorneys, consultants and appraisers) of any contest or appeal pursued by Landlord to reduce any such tax, assessment or charge, but excluding Landlord’s income taxes. Beginning on or about January 1, 2023 and annually thereafter on or about each January 1 thereafter during the Lease Term, Landlord shall deliver to Tenant a statement setting forth the estimated Taxes and Assessments for the calendar year then commencing. Beginning February 1st, 2023, Tenant shall pay the estimated Taxes and Assessments currently estimated at $8,020.09/year or $668.34/month in equal monthly installments with payments of Base Rent during the remaining months of such calendar year. Landlord may contest by appropriate legal proceedings the amount, validity, or application of any Taxes or liens thereof and any costs incurred in such contest may be included as part of Taxes. Taxes exclude any net income taxes imposed on Landlord. Tenant shall be liable for all taxes levied or assessed against any personal property or fixtures placed in the Premises.