Common use of Definition of “Real Property Tax Clause in Contracts

Definition of “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, improvement bond or bonds imposed on the Project or any portion thereof by any authority having the direct or indirect power to tax, including any city, county, 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 Landlord in the Project or in any portion thereof, unless such tax is defined as an Operating Expense by Section 4.2(c). Real Property Taxes shall not include income, inheritance and gift taxes.

Appears in 2 contracts

Samples: Lease (Rexahn Pharmaceuticals, Inc.), Visual Networks Inc

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Definition of “Real Property Tax. As used herein, the term "Real Property TaxTaxes" shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, improvement bond or bonds imposed on the Project or any portion thereof by any authority having the direct or indirect power to tax, including any city, county, 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 Landlord in the Project or in any portion thereof, unless such tax is defined as an Operating Expense by Section 4.2(c). Real Property Taxes shall not include income, inheritance and gift taxes.

Appears in 2 contracts

Samples: Standard Office Lease (Auxilio Inc), Standard Office Lease (Motivating the Masses Inc)

Definition of “Real Property Tax. As used herein, the term "Real Property Tax" Taxes” shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, improvement bond or bonds imposed on the Project or any portion thereof by any authority having the direct or indirect power to tax, including any city, county, 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 Landlord in the Project or in any portion thereof, unless such tax is defined as an Operating Expense by Section 4.2(c). Real Property Taxes shall not include income, inheritance and gift taxes.

Appears in 1 contract

Samples: Office Lease (ProNAi Therapeutics Inc)

Definition of “Real Property Tax. As used herein, the term "Real Property Tax" Taxes” shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, improvement bond or bonds imposed on the Project or any portion thereof by any authority having the direct or indirect power to tax, including any city, county, state county or federal governmentstate, or any school, agricultural, sanitary, fire, street, drainage or other improvement district thereof, as against any legal or equitable interest of Landlord in the Project or in any portion thereof, unless such tax is defined as an Operating Expense by Section 4.2(csection 4.3(c). Real Property Taxes shall not include income, inheritance and gift taxes.

Appears in 1 contract

Samples: Work Letter Agreement (Ign Entertainment Inc)

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Definition of “Real Property Tax. As used herein, the term "Real Property TaxTaxes" shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, improvement bond or bonds imposed on the Project or any portion thereof by any authority having the direct or indirect power to tax, including any city, county, 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 Landlord in the Project or in any portion thereof, unless such tax is defined as an Operating Expense by Section 4.2(csection 4.3(c). Real Property Taxes shall not include income, inheritance and gift taxes.

Appears in 1 contract

Samples: Office Lease (United Panam Financial Corp)

Definition of “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, improvement bond or bonds imposed on the Project or any portion thereof by any authority having the direct or indirect power to tax, including any city, county, 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 Landlord in the Project or in any portion thereof, unless such tax is defined as an Operating Expense by Section 4.2(c). 3(g)3) Real Property Taxes shall not include income, inheritance and gift taxes.

Appears in 1 contract

Samples: Summit Bank Corp

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