Taxes and Insurance Clause Examples
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Taxes and Insurance. Landlord shall pay all taxes (including but not limited to, ad valorem taxes, special assessments and any other governmental charges) on the Premises and shall procure and pay for such commercial general liability, broad form fire and extended and special perils insurance with respect to the Premises as Landlord in its reasonable discretion may deem appropriate. Tenant shall reimburse Landlord for all taxes and insurance as provided herein within fifteen (15) days after receipt of notice from Landlord as to the amount due. Tenant shall be solely responsible for insuring Tenant’s personal and business property and for paying any taxes or governmental assessments levied thereon. Tenant shall reimburse Landlord for taxes and insurance during the term of this Lease, and any extension or renewal thereof. If boxes are checked below, the manner of reimbursement shall be as indicated: The amount by which all taxes (including but not limited to, ad valorem taxes, special assessments and any other governmental charges) on the Premises for each tax year exceed all taxes on the Premises for the tax year ; or All taxes (including but not limited to, ad valorem taxes, special assessments and any other governmental charges) on the Premises for each tax year. If the final Lease Year of the term fails to coincide with the tax year, then any excess for the tax year during which the term ends shall be reduced by the pro rata part of such tax year beyond the Lease term. If such taxes for the year in which the Lease terminates are not ascertainable before payment of the last month’s rental, then the amount of such taxes assessed against the Premises for the previous tax year shall be used as a basis for determining the pro rata share, if any, to be paid by Tenant for that portion of the last Lease Year. If this box is checked, Tenant shall reimburse Landlord for taxes by paying to Landlord, beginning on the Rent Commencement Date and on the first day of each calendar month during the term hereof, an amount equal to one- twelfth (1/12) of the then current tax payments for the Premises. Upon receipt of bills, statements or other evidence of taxes due, Landlord shall pay or cause to be paid the taxes. If at any time the reimbursement payments by Tenant hereunder do not equal the amount of taxes paid by Landlord, Tenant shall upon demand pay to Landlord an amount equal to the deficiency or Landlord shall refund to Tenant any overpayment (as applicable) as documented by Landl...
Taxes and Insurance. Tenant shall pay to Landlord as Additional Rent its proportionate share of real estate taxes, special taxes and assessments and all insurance for the Shopping Center (excluding any tenants separately taxed or charged for insurance or insurance paid pursuant to Section 5.03). Insurance shall include all risk coverage, fire insurance for the full replacement value of the improvements, extended coverage and all other perils coverage, loss of rents coverage, sinkhole coverage, plus all endorsements and other coverages deemed reasonable and necessary by Landlord or mortgagee. Landlord shall notify Tenant of the amount of such charges, and Tenant shall pay Landlord such amounts within fifteen (15) days from the date of notice to it by Landlord. Tenant's proportionate share is the fraction, the numerator of which is the Gross Leasable Area in the Leased Premises and the denominator of which is the total Gross Leasable Area of the Shopping Center (excluding any tenants separately taxed or charged for insurance), provided that if the taxes for the Shopping Center are increased materially because of assessment of Tenant's improvements at a higher rate than other tenants in the Shopping Center, Tenant agrees to pay any such excess taxes and provided further that Tenant shall be responsible for all additional fire insurance premiums as set forth in Section 8.03. Landlord, at Landlord's option, may ▇▇▇▇ Tenant on a monthly basis based on one-twelfth (1/12) of the estimated annual amount for taxes and insurance as estimated by Landlord, and Tenant shall pay said cost for tax and insurance with monthly Minimum Rent on the first day of each month in advance. The initial estimate shall be as set forth in Section 1.01(p). In the event that Tenant's payments in such year exceed Tenant's proportionate share of the actual tax and insurance costs, Tenant shall be credited the amount of the overpayment. If Tenant's proportionate share of the actual tax and insurance costs exceeds the payments made in such year by Tenant, Tenant shall pay the difference to Landlord within thirty (30) days of receiving a detailed statement therefor from Landlord or Tenant shall be in default of the Lease. In the event Tenant does not make said payment monthly, Tenant shall be in default of this Lease. Landlord, at Landlord's option, may obtain separate taxable status for the Leased Premises, and in such event, Tenant's tax contribution shall be based thereon. Additionally, with respect to taxes:
Taxes and Insurance. Lessor shall pay all real estate taxes and fire insurance premiums on the Premises. Lessor shall not be liable to carry fire insurance on the person or property of Lessee or any other person or property that may occupy the Premises now or later.
Taxes and Insurance. The Strategic Consultant shall be responsible for charging in the invoice and payment of any indirect taxes after recovery from the Company as required by the regulations. All payments to the Strategic Consultant shall be subject to applicable United States federal, state and local taxes. The Strategic Consultant shall be solely responsible for obtaining medical, accident and insurance policies and the Company shall have no obligation or liability with respect to any expenses incurred by the Strategic Consultant relating to the above-referred risks.
Taxes and Insurance. All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents that previously became due and owing have been paid or a escrow of funds has been established in an amount sufficient to pay for every such item that remains unpaid.
Taxes and Insurance. The Grantee agrees to keep all taxes on the property paid and current until sale of the property to an eligible homebuyer. The Grantee shall maintain sufficient insurance to cover the cost of replacement due to loss by fire, theft, or accidental damage.
Taxes and Insurance. Borrower shall pay to Lender on each Payment Date (i) one-twelfth of the Taxes that Lender estimates will be payable during the next twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Taxes at least thirty (30) days prior to their respective due dates and (ii) one-twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate with Lender sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies. Such amounts will be deposited into a separate account with Lender (the “Tax and Insurance Account”). Provided that no Default or Event of Default has occurred and is continuing, Lender will (a) apply funds in the Tax and Insurance Account to payments of Taxes and Insurance Premiums required to be made by Borrower pursuant to Sections 5.2 and 7.1, provided that Borrower has promptly supplied Lender with notices of all Taxes and Insurance Premiums due, or (b) reimburse Borrower for such amounts upon presentation of evidence of payment; subject, however, to Borrower’s right to contest Taxes in accordance with Section 5.2. In making any payment relating to Taxes and Insurance Premiums, Lender may do so according to any ▇▇▇▇, statement or estimate procured from the appropriate public office (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such ▇▇▇▇, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. If Lender determines in its reasonable judgment that the funds in the Tax and Insurance Account will be insufficient to pay (or in excess of) the Taxes or Insurance Premiums next coming due, Lender may increase (or decrease) the monthly contribution required to be made by Borrower to the Tax and Insurance Account. Notwithstanding the foregoing, in the event any Major Lease obligates a Major Tenant to pay Taxes and Insurance Premiums directly, Borrower shall have no obligation to make any payments to the Tax and Insurance Account; provided, however, that Borrower shall be required to deliver to Lender written evidence of timely payment of all Taxes and all Insurance Premiums.
Taxes and Insurance. During the term of this contract, the Landlord shall pay all taxes and assessments imposed on the Premises. Any insurance that the Landlord may obtain on the Premises is for the benefit of the Landlord, not the benefit of the NPO. Landlord shall not provide either any liability insurance to protect NPO or insurance against loss or damage to NPO's property. The NPO shall obtain insurance at NPO's sole expense. NPO shall purchase and maintain insurance coverage for not less than the following: Premises/operations Products/completed operations (two years minimum, from project completion) Broad form property damage Contractual liability Independent contractors, if any are used in the performance of this contract City of Durham must be named additional insured, and an original of the endorsement to effect the coverage must be attached to the certificate (if by blanket endorsement, then agent may so indicate in the GL section of the certificate, in lieu of an original endorsement) Combined single limit not less than $1,000,000 per occurrence, with an annual aggregate on not less than $2,000,000.
Taxes and Insurance. Upon the request of Bank, Borrower shall submit to Bank such receipts and other statements which shall evidence, to the satisfaction of Bank, that all taxes, assessments and insurance premiums have been paid in full.
Taxes and Insurance. The LESSEE shall pay when due all assessments and taxes (including the leasehold excise tax) that are due at the time of signing or may be charged in the future to the land or the improvements thereon. LESSEE shall keep all buildings and improvements now or hereafter located on the premises and any personal property thereon which may be included within the terms of this Lease insured against loss or damage resulting from fire, windstorm, and other hazards, including extended coverage, vandalism and malicious mischief endorsements, and against such other hazards and in such amounts as may be required from time to time by LESSOR but in any case for not less than the full replacement cost thereon, and shall keep all such policies of insurance of whatever nature constantly assigned, pledged and delivered to LESSOR with the premiums thereon fully paid. LESSEE shall maintain comprehensive public liability and property damage liability insurance protecting LESSEE against claims (including all costs and expenses of defending the same), for personal injury, sickness, disease or death or from damage or injury to or destruction of property (including loss of use thereof) occurring in, or about the premises providing for $1,000,000.00 in liability coverage per occurrence LESSEE shall provide proof of coverage to LESSOR, with the LESSOR named as additional insured, and shall provide annual proof of renewal of said coverage. Initial proof of insurance shall be provided within thirty (30) calendar days of the commencement date of this lease. All policies of insurance to be furnished hereunder shall be in forms, companies and amounts satisfactory to LESSOR including a provision requiring that the coverage evidenced thereby shall not be canceled, reduced or materially modified within the (10) days prior written notice to LESSOR. ▇▇▇▇▇▇ shall deliver the originals of all policies, including additional and renewal policies, to LESSOR, and, in the case of insurance about to expire, shall deliver renewal policies not less than ten (10) days prior to their respective dates of expiration. LESSEE shall provide and keep in force other insurance in amounts that may from time to time be required by ▇▇▇▇▇▇ against other insurable hazards as are commonly insured against for the type of business activity that LESSEE will conduct.