Common use of General Tax Indemnity Clause in Contracts

General Tax Indemnity. Lessee shall pay or reimburse Lessor and its successors and assigns on demand for, and indemnify and hold Lessor harmless from, on an after-tax basis, all taxes, assessments, fees and other governmental charges paid or required to be paid by Lessor or Lessee in any way arising out of or related to the Units or the Leases, before, during or after the lease term, including foreign, Federal, state, county and municipal fees, taxes and assessments, and property, value-added, sales, use, gross receipts, excise, stamp and documentary taxes, and all related penalties, fines, additions to tax and interest charges (together, "Impositions"), excluding only Federal and state taxes based on Lessor's net income unless such taxes are in lieu of any Imposition Lessee would otherwise be required to pay hereunder. Lessee shall timely pay any Imposition for which Lessee is primarily responsible under law and any other Imposition not payable or not paid by Lessor, but Lessee shall have no obligation to pay any such Imposition that Lessee is contesting in good faith and by appropriate legal proceedings, the nonpayment of which does not, in the opinion of Lessor, result in a material risk of adverse effect on the title, property, use, disposition or other rights of Lessor with respect to the Units. Lessee shall furnish on Lessor's request proof of payment of any Imposition paid by Lessee.

Appears in 3 contracts

Samples: Lease Agreement (Tor Minerals International Inc), Lease Agreement (Tripath Imaging Inc), Lease Agreement (Freds Inc)

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General Tax Indemnity. Lessee shall pay or reimburse Lessor and its successors and assigns on demand forLessor, and indemnify indemnify, defend and hold Lessor harmless from, on an after-tax basis, all taxes, assessments, fees and other governmental charges paid or required to be paid by Lessor or Lessee in any way arising out of or related to the Units Equipment or any Lease before or during the Leases, before, during Lease Term or after the lease termLease Term following an Event of Default, including foreign, Federal, state, county and municipal fees, taxes and assessments, and property, value-added, sales, use, gross receipts, excise, stamp and documentary taxes, and all related penalties, fines, additions to tax and interest charges (together, "Impositions"), excluding only Federal and state taxes based on Lessor's ’s net income unless such taxes are in lieu of any Imposition Lessee would otherwise be required to pay hereunder. Lessee shall timely pay any Imposition for which Lessee is primarily responsible under law and any other Imposition not payable or not paid by Lessor, but Lessee shall have no obligation to pay any such Imposition that Lessee is contesting being contested in good faith and by appropriate legal proceedings, the nonpayment of which does not, in the opinion of Lessor, result in a material risk of adverse effect on the title, property, use, disposition or other rights of Lessor with respect to the UnitsEquipment. Upon Lessor’s request, Lessee shall furnish on Lessor's request proof of its payment of any Imposition paid by LesseeImposition.

Appears in 2 contracts

Samples: Master Lease Agreement (Redhook Ale Brewery Inc), Master Lease Agreement (Integral Systems Inc /Md/)

General Tax Indemnity. Lessee shall pay or reimburse Lessor and its successors and assigns on demand forLessor, and indemnify indemnify, defend and hold Lessor harmless from, on an after-tax basis, all taxes, . assessments, fees and other governmental charges paid or required to be paid by Lessor or Lessee in any way arising out of or related to the Units Equipment or any Lease before or during the Leases, before, during Lease Term or after the lease termLease Term following an Event of Default, including foreign, Federal, statestale, county and municipal fees, taxes and assessments, and property, value-added, sales, use, gross receipts, . excise, stamp and documentary taxes, and all related penalties, fines, additions to tax and interest charges (together, "Impositions"), excluding only Federal and state taxes based on Lessor's ’s net income unless such taxes are in lieu of any Imposition Lessee would otherwise be required to pay hereunder. Lessee shall timely pay any Imposition for which Lessee is primarily responsible under law and any other Imposition not payable or not paid by Lessor, but Lessee shall have no obligation to pay any such Imposition that Lessee is contesting being contested in good faith and by appropriate legal proceedings, the nonpayment of which does not, in the opinion of Lessor, result in a material risk of adverse effect on the title, property, use, disposition or other rights of Lessor with respect to the UnitsEquipment. Upon Lessor’s request, Lessee shall furnish on Lessor's request proof of its payment of any Imposition paid by LesseeImposition.

Appears in 1 contract

Samples: Master Lease Agreement (Photronics Inc)

General Tax Indemnity. Lessee shall pay or reimburse Lessor and its successors and assigns on demand forLessor, and indemnify indemnify, defend and hold Lessor harmless from, on an after-tax basis, all taxes, assessments, fees and other governmental charges paid or required to be paid by Lessor or Lessee in any way arising out of or related to the Units Equipment or any Lease before or during the Leases, before, during Lease Term or after the lease termLease Term following an Event of Default, including foreign, Federal, state, county and municipal fees, taxes and assessments, and property, value-added, sales, use, gross receipts, excise, stamp and documentary taxes, and all related penalties, fines, additions to tax and interest charges (together, "Impositions"), excluding only Federal and state taxes based on Lessor's net income unless such taxes are in lieu of any Imposition Lessee would otherwise be required to pay hereunder. Lessee shall timely pay any Imposition for which Lessee is primarily responsible under law and any other Imposition not payable or not paid by Lessor, but Lessee shall have no obligation to pay any such Imposition that Lessee is contesting being contested in good faith and by appropriate legal proceedings, the nonpayment of which does not, in the opinion of Lessor, result in a material risk of adverse effect on the title, property, use, disposition or other rights of Lessor with respect to the UnitsEquipment. Upon Lessor's request, Lessee shall furnish on Lessor's request proof of its payment of any Imposition paid by LesseeImposition.

Appears in 1 contract

Samples: Master Lease Agreement (Pennymac Financial Services, Inc.)

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General Tax Indemnity. Lessee shall pay or reimburse Lessor and its successors and assigns on demand forLessor, and indemnify indemnify, defend and hold Lessor harmless from, on an after-after- tax basis, all taxes, assessments, fees and other governmental charges paid or required to be paid by Lessor or Lessee in any way arising out of or related to the Units Equipment or any Lease before or during the Leases, before, during Lease Term or after the lease termLease Term following an Event of Default, including foreign, Federal, state, county and municipal fees, taxes and assessments, and property, value-added, sales, use, gross receipts, excise, stamp and documentary taxes, and all related penalties, fines, additions to tax and interest charges (together, "Impositions"), excluding only Federal and state taxes based on Lessor's net income unless such taxes are in lieu of any Imposition Lessee would otherwise be required to pay hereunder. Lessee shall timely pay any Imposition for which Lessee is primarily responsible under law and any other Imposition not payable or not paid by Lessor, but Lessee shall have no obligation to pay any such Imposition that Lessee is contesting being contested in good faith and by appropriate legal proceedings, the nonpayment of which does not, in the opinion of Lessor, result in a material risk of adverse effect on the title, property, use, disposition or other rights of Lessor with respect to the UnitsEquipment. Upon Lessor's request, Lessee shall furnish on Lessor's request proof of its payment of any Imposition paid by LesseeImposition.

Appears in 1 contract

Samples: Master Lease Agreement (Industrial Services of America Inc)

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