REAL ESTATE TAXES AND INSURANCE. As used herein, the following terms wherever initially capitalized shall have the following meanings:
REAL ESTATE TAXES AND INSURANCE. Real Estate Taxes and Property Insurance shall be the responsibility of the Landlord. Insurance in this regard is the property insurance to cover the building(s), parking lots, etc., but does not include coverage of any property of the Tenant, his employees or persons visiting the premises.
REAL ESTATE TAXES AND INSURANCE. During the term of this Lease, Lessee shall pay, in addition to the Base Rent, its pro rata share of real estate taxes and assessments as herein defined for each year of the term hereof. In addition, during the term of this Lease, Lessee shall pay as additional rent its pro rata share of commercial general liability insurance and an all risk property insurance policy on the Building and Demised Premises as herein defined. During any part of the term hereof which shall be less than a full calendar year, taxes, assessments, and insurance set forth hereinabove shall be prorated on the basis of a calendar year between the parties to the end that Lessee shall pay only that amount attributable to the portion of the calendar year occurring within the term of this Lease. The aforesaid sum to be paid by Lessee under this section shall be estimated by Lessor at or prior to commencement of each lease year. During the first lease year, Lessee shall pay to Lessor the amount of $4,173.60 each month on the first day of each month, which is Lessee's initial share of the projected real estate taxes and insurance. Lessor shall notify Lessee of such estimate and Lessee shall pay said estimate in equal monthly installments, each in advance, on the first day of each and every calendar month, together with Lessee's Base Rent, throughout the initial lease year. At the end of the lease year and when Lessor has calculated Lessee's pro rata share of taxes, assessments, and insurance, Lessor shall notify Lessee of such amount. Any deficiency in the payment by Lessee shall be paid by Lessee to Lessor upon receipt of the notice. Any surplus amount paid by Lessee during the preceding lease year shall be applied against the next monthly installment(s) of real estate taxes and insurance due. The term "real estate taxes" shall be deemed to mean taxes and assessments, special or otherwise, levied upon or with respect to the Building and the land upon which it is located, imposed by federal, state, or local governments, but shall not include income, franchise, capital stock, estate, or inheritance taxes. The term "insurance" shall be deemed to mean a commercial general liability policy and an all risk insurance policy on all buildings and all improvements, presently existing or hereafter erected on the property of which the Demised Premises forms a part, in an amount equal to the replacement cost thereof.
REAL ESTATE TAXES AND INSURANCE. Tenant shall also pay its pro rata share of all real estate taxes and assessments levied on the leased premises and insurance premiums for fire and extended hazard and all other insurance premiums including liability insurance for the leased premises.
REAL ESTATE TAXES AND INSURANCE. During the Post-Occupancy Term Seller will, within ten (10) days after Purchaser’s request therefor, reimburse Purchaser for fifty percent (50%) of all (i) real estate taxes, and (ii) premiums for casualty and liability insurance incurred or paid for by Purchaser relating to the Building. In addition, Seller will defend, indemnify and hold Purchaser harmless from and against any and all claims, losses, costs, damages and expenses which Purchaser may suffer, incur or sustain, or for which Purchaser may become liable, by virtue of the injury to or death of any person(s), or the loss of property owned by Seller’s customers, including, without limitation, reasonable attorneys’ fees, arising out of or in connection with Seller’s use and occupancy of the Building from and after the Effective Date until the end of the Post-Occupancy Term to the extent not reimbursed to Purchaser through insurance proceeds. In the event of a casualty rendering the Building partially untenantable and capable of prompt restoration, Purchaser shall promptly restore the Building and improvements. In the event of a casualty rendering the building wholly untenantable or not capable of prompt restoration, this Agreement shall terminate and Purchaser shall pay to Seller the amount of insurance proceeds related to Seller’s damaged property. Rent and other obligations shall xxxxx on an equitable basis during any period of untenantability.
REAL ESTATE TAXES AND INSURANCE. In addition to the Base Rent above referenced, Tenant shall pay a portion of the annual Town of Middleburg and County of Loudoun real property taxes assessed to the building (which totals $10,001.72 for the 2004 tax year). The Tenant occupies approximately 11.4% of the building; therefore, Tenant shall pay an annual amount of $1,437.38, in monthly installments of $119.78, as additional rent. In addition to the Base Rent above referenced, Tenant shall pay a portion of the annual insurance for the building (currently totaling $2,694.00). Based on Tenant's above-mentioned occupancy of the building, Tenant shall pay an annual amount of $387.17, in monthly installments of $32.26, as additional rent. Any increase or decrease in either of these amounts will be adjusted accordingly.
REAL ESTATE TAXES AND INSURANCE. PREMIUMS The Tenant's proportionate share of base year Real Estate Taxes and Insurance Premiums will be increased to amounts equal to 70.96 percent (%) of the 1995 Taxes & Premiums paid by the Landlord for the whole building.
REAL ESTATE TAXES AND INSURANCE. 19 6.5. Landlord's Hazardous Materials Responsibilities...................... 19 6.6. Landlord's Casualty Insurance........................................ 20 ARTICLE VII.
REAL ESTATE TAXES AND INSURANCE. To the extent not required to be ------------------------------- paid by Tenant hereunder, Landlord shall pay, on or before the date due, all real estate taxes on the Premises and Lot, and Landlord shall pay, on or before the date due, all insurance premiums on insurance required to be carried by Landlord as provided below so long as Tenant has made timely payment of all ----- additional rent under Sections 4.3.1 and 4.4.1.
REAL ESTATE TAXES AND INSURANCE. Lessor will maintain all-risk property ------------------------------- insurance on said property in the amount of the lesser of: 1.) at least fair market value of said property, or 2.) replacement value of said property. Lessor will also maintain combined bodily injury and property damage insurance on said property in an amount of at least Five Hundred Thousand Dollars ($500,000.00). Such insurance shall be issued by financially responsible insurers duly authorized to do business in the State of New Hampshire. Lessor may obtain additional coverage provided that any increases in coverage will be reasonably related to the fair market value of the premises. Payments for insurance premiums and real estate taxes will be due and payable within twenty (20) days after statement for same have been received by Lessor and have been presented to Lessee. Lessor will provide Lessee with a certificate or proof of such insurance and real estate costs. Lessee will be responsible for obtaining and maintaining its own liability insurance on its own business and operation within said property, as well as insurance coverage on its own personal property and equipment, said insurance shall be in an amount of not less than Five Hundred Thousand Dollars ($500,000.00) per incident and One Million Dollars ($1,000,000.00) in aggregate.
