Common use of IMPOSTS Clause in Contracts

IMPOSTS. In addition to the monthly Basic Rent due as set forth above, Lessee agrees to pay and indemnify Lessor for, and hold Lessor harmless from and against all taxes, assessments, fees and charges (hereinafter called "Imposts") together with any penalties, fines or interest thereon levied and imposed by any governmental agency or unit (state, local, federal, domestic or foreign) in accordance with the terms of the Charter.

Appears in 2 contracts

Sources: Master Lease Agreement (International Thoroughbred Breeders Inc), Master Lease Agreement (International Thoroughbred Breeders Inc)