Common use of Adjustment of Impositions Clause in Contracts

Adjustment of Impositions. Impositions imposed in respect of the tax-fiscal period during which the Term ends shall be adjusted and prorated between Lessor and Lessee, whether or not imposed before or after the expiration of the Term or the earlier termination thereof, and Lessee's obligation to pay its prorated share thereof shall survive such expiration or earlier termination.

Appears in 5 contracts

Samples: Credit Agreement (Williams Companies Inc), Agreement of Purchase and Sale (Williams Companies Inc), Master Lease (Williams Companies Inc)

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Adjustment of Impositions. Impositions imposed in respect of the tax-tax- ------------------------- fiscal period during which the Term ends terminates shall be adjusted and prorated between Lessor and Lessee, whether or not such Imposition is imposed before or after the expiration of the Term or the earlier termination thereofsuch termination, and Lessee's obligation to pay its prorated share thereof after termination shall survive such expiration or earlier termination.

Appears in 2 contracts

Samples: Lease Agreement (Humphrey Hospitality Trust Inc), Master Lease Agreement (Jameson Inns Inc)

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Adjustment of Impositions. Impositions imposed in respect of the tax-fiscal period during which the Term ends shall be adjusted and prorated between Lessor and Lessee, whether or not such Imposition is imposed before or after the expiration of the Term termination or the earlier termination thereofexpiration, and Lessee's ' obligation to pay its their prorated share thereof thereof, if the same becomes due after such termination or expiration, shall survive such expiration termination or earlier terminationexpiration.

Appears in 1 contract

Samples: Master Lease (Integrated Health Services Inc)

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