Payment of Property Taxes. (a) Except as otherwise provided in Section 9.1(b), so long as the Premises, Assets and Improvements are taxed as a separate parcel from the Refinery, Lessee will pay and discharge, as and when the same shall become due and payable without penalty, the Property Taxes with respect to any period during the Term in which they shall be or become due and payable and which:
Payment of Property Taxes. The Tenant shall pay the Property Taxes to the Landlord as Additional Rent.
Payment of Property Taxes a. Tenant shall promptly pay when due all real property taxes and special assessments lawfully levied against the premises.
Payment of Property Taxes. TRG Project Tax Allocation Increment and resulting Annual City TAD Payments due to TRG are calculated on the basis of applicable property taxes levied and collected on all real property located within the boundaries of the Crow Property Multi-Family Project Site and the Old Town Phase 1 Project Site, together, and whether owned by TRG or other parties. TRG agrees to promptly pay all annual property taxes owed by TRG, and upon the City’s request, to provide copies of property tax bills received and receipts for tax payments made, no later than seven (7) days prior to the scheduled Payment Date upon which the City’s Annual TAD Payment is due. Should TRG fail to pay property taxes owed during the applicable tax year or fail to provide applicable payment records requested by the City, the City may delay the Payment Date until such time as this information is provided. Upon receipt of copies of the property tax bills and paid receipts, the City shall promptly process the Annual TAD Payment generated from applicable property tax payments received in accordance with this Agreement. This provision shall only apply to annual property taxes owed by TRG, its successors or assigns. The terms of this Agreement shall not obligate the City to take any action beyond usual and customary enforcement measures to collect unpaid taxes owed by other parties.
Payment of Property Taxes. Provided Landlord delivers the Property Tax bill to Tenant (if delivered to Landlord) promptly upon receipt xxxxeof, but no later than twenty (20) days prior to the day on which any fine, penalty, interest or cost may be added thereto for the non-payment thereof, Tenant covenants and agrees to pay during the Term of this Lease, as Additional Rent, before any fine, penalty, interest or cost may be added thereto for the nonpayment thereof, all Property Taxes (as defined in Section 3.2 below), which become due and payable during the Term of this Lease. Within ten (10) days of written request from Landlord, Tenant shall furnish Landlord with satisfactory evidence that the Property Taxes have been paid. If any Property Taxes shall cover any period of time prior to or after the term of this Lease, Tenant's share of such Property Taxes shall be equitably prorated to cover only the period of time within the tax fiscal year during which this Lease shall be in effect.
Payment of Property Taxes a. The Lessor and City acknowledge that the leased premises is owned by the Lessor and Lessor is responsible for property taxes.
Payment of Property Taxes. During the Term of this Agreement, the Foundation shall pay when due any real estate taxes and assessments applicable to any portion of the Museum. Notwithstanding the foregoing, nothing contained in this Agreement shall prohibit the Foundation from contesting the assessed value of the property, improvements or the taxes thereon in good faith by appropriate proceedings; provided however that the Foundation shall pay any and all amounts that are contested under protest while any such proceedings are pending. The Foundation shall promptly notify the City in writing of a protest of real estate taxes or valuation of the Museum.
Payment of Property Taxes a. The Lessor and Tenant acknowledge that the Leased Premises is owned by the Lessor and Xxxxxx is responsible for property taxes.
Payment of Property Taxes. Lessor shall promptly pay, when due, all real property taxes, personal property taxes on items owned by Lessor and special assessments lawfully levied against the premises. Lessee shall promptly pay all personal property taxes lawfully levied against personal property of any kind owned by Lessee upon or about the premises and any special assessments levied against obligations assumed by Lessee in this Lease. Furthermore, Lessee further agrees to pay, on demand from Lessor, real estate taxes of $2,000.00 per year, for five years, and agrees to pay the appropriate increase with each Option Period, as delineated on Page 4, Item #4, RENT, Paragraph B.
Payment of Property Taxes. As long as the Bonds are outstanding, the Company covenants to pay all property tax bills properly due and payable by it before the tax bills are delinquent, subject to the Company's right to contest in good faith the amount or applicability of any property taxes or assessments; provided however, the Company shall not have the right to contest the amount of property taxes: (a) below the amount that would generate Tax Increment sufficient to pay the Debt Service Payment; or (b) otherwise in violation of the Taxpayer Agreement
