Tenant’s Tax Obligations. The Tenant covenants with the Landlord:
Tenant’s Tax Obligations. Tenant shall be solely responsible for the payment of its own tax obligations and agrees that said obligations shall not be paid as part of the Building’s Operating Expenses. Tenant’s own tax obligations include, but are not limited to, sales and use taxes, personal property taxes and possessory interest real property taxes.
Tenant’s Tax Obligations. The Tenant covenants with the Landlord, commencing on the Commencement Date and thereafter at all times throughout the Term:
Tenant’s Tax Obligations a. Commencing on the Rent Commencement Date, Tenant agrees to pay, before they become delinquent, all taxes, assessments and governmental charges of any kind and nature whatsoever, general or special, ordinary and extraordinary, foreseen and unforeseen (hereinafter collectively referred to as “Taxes”) lawfully levied or assessed against the Premises as well as those assessed against all personal property, furniture, and fixtures of Tenant located on the Premises. Notwithstanding anything herein to the contrary, it is understood and agreed that Taxes shall include those certain taxes imposed against Landlord as a result of Texas House Xxxx 3 and sometimes hence referred to as the “margin tax” (herein so called) only to the extent that any such margin tax would be payable if the Premises (or revenue from the Premises, as applicable) were the only property (or revenue) of Landlord. Tenant shall furnish to Landlord, not later than fifteen (15) days after the date any such taxes become delinquent, official receipts of the appropriate taxing authority or other evidence satisfactory to Landlord evidencing payment thereof. If Tenant should fail to pay any Taxes required to be paid by Tenant hereunder, in addition to any other remedies provided herein, Landlord may, if it so elects but with no obligation to do so, pay such Taxes. Any out-of-pocket sums expended by Landlord to pay such Taxes (including all penalties, interest and attorneys fees which have accrued due to Tenant’s failure to pay) shall be deemed to be Additional Rent owing by Tenant to Landlord and shall be due and payable, on demand, together with interest thereon at the Default Rate from the date of each such expenditure by Landlord to the date of repayment by Tenant. Taxes for the year in which the Lease Term expires shall be prorated between Landlord and Tenant with Tenant being obligated only for the Taxes which accrued during the Lease Term.
Tenant’s Tax Obligations. Tenant agrees to pay to Landlord its proportionate share of all Real Estate Taxes for each calendar year during the Term in accordance with Section 9.6 hereof and in the manner as set forth below. Tenant’s proportionate share shall be equal to the product obtained by multiplying all Real Estate Taxes by a fraction, the numerator of which shall be the number of RSF (as defined in Section 30.17 below) in the Premises, and the denominator of which shall be the total number of RSF of the gross leased and occupied Floor Area (as defined in Section 30.17 below) in the Center, which may change from time to time (“Tenant’s Share”). Initially, Tenant’s Share shall be the percentage specified in Section 1.14 hereof. At Landlord’s option, the Real Estate Taxes relating to any buildings in the Center (and any land appurtenant thereto) that are separately assessed may be excluded from “Real Estate Taxes” hereunder and in such event, the gross leased and occupied RSF Floor Area of such separately assessed building(s) shall not be included in the denominator of such fraction. For purposes of this Section 5.2, the gross leased and occupied RSF Floor Area in effect for the whole of any calendar year or partial calendar year during the Term of the Lease shall be the average of the occupied Floor Area in effect on the first (1st) day of each calendar month in such calendar year or partial calendar year during the Term of the Lease. Tenant’s Share of Real Estate Taxes levied or assessed for or during the Term, as determined by Landlord, shall be paid in monthly installments on or before the first (1st) day of each calendar month, in advance, in an amount estimated by Landlord. If Landlord is required under any mortgage covering the Center to escrow Real Estate Taxes, Landlord may, but shall not be obligated to, use the amount required to be so escrowed as a basis for its estimate of the monthly installments due from Tenant hereunder. Upon receipt of all tax bills and assessment bills or in the event filing or returns is required, prior to the due date for filing such returns, attributable to any calendar year during the Term hereof, Landlord shall furnish Tenant with a written statement of the actual amount of Tenant’s Share of Real Estate Taxes for such year. If no tax xxxx is available, Landlord will compute the amount of such tax. If the total amount paid by Tenant under this Section 5.2 for any calendar year during the Term of this Lease shall be less than the actual amou...
Tenant’s Tax Obligations. (a) During the Lease Term, Tenant shall pay to Landlord its proportionate share of real property taxes and assessments applicable to the Shopping Center ("Real Estate Taxes") as defined herein. In the event that a property tax xxxx applies to a period of time which is prior to the Rent Commencement Date or after the Termination Date, as defined in this Lease, then such property tax xxxx shall be prorated based upon Tenant's occupancy of the Premises. Tenant's proportionate share of Real Estate Taxes shall mean 3.36 % (2,670 square feet in a total of 79,385 square feet). The term "Real Estate Taxes" shall mean all taxes and existing and future assessments, general and special, and governmental charges of any kind or nature whatsoever, which may be levied or assessed by any lawful authority against the land, buildings, and improvements comprising the Shopping Center, including without limitation (i) all charges, taxes and assessments set forth on the real property tax xxxx from the tax collector for the County of Santa Xxxxx, (ii) any fee, tax, levy, charge or assessment imposed by any taxing authority, (iii) any tax or charge for fire protection, streets, sidewalks, road maintenance, refuse or other services provided to the property by any governmental agency, (iv) all ad valorem real property taxes and assessments (including installments of special assessments required to be paid during the calendar year) including any increase in taxes resulting from a reappraisal of the Shopping Center from time to time by virtue of a change in the ownership of Landlord's interest or otherwise by operation of law and (v) any costs, expenses and attorneys' fees (including the costs of tax consultants) incurred by Landlord in connection with the negotiation for reduction in the assessed valuation of land, buildings and improvements comprising the Shopping Center.
Tenant’s Tax Obligations. The Tenant covenants with the Landlord to pay when due, all taxes, business taxes, business licence fees, and other taxes, rates, duties or charges levied, imposed, or assessed by lawful authority in respect of all Leasehold Improvements in the Leased Premises and in respect of the use and occupancy of the Leased Premises by the Tenant, the business or businesses carried on therein, or the equipment, machinery, or fixtures brought therein by or belonging to the Tenant, or to anyone occupying the Leased Premises with the Tenant's consent, or from time to time levied, imposed, or assessed in the future in addition or in lieu thereof, and to pay to the Landlord upon demand the portion of any tax, rate, duty, or charge levied or assessed upon the Leased Premises that is attributable to any equipment, machinery, or fixtures on the Leased Premises which are not the property of the Landlord or which may be removed by the Tenant.
Tenant’s Tax Obligations. A. Tenant agrees to pay any increased real estate taxes and assessments over and above the real estate taxes and assessments established on the full valuation of the facilities to be completed for the Tenant after the second full lease year. The Tenant's proportionate part shall be a fraction, the numerator of which is the number of square feet of floor area in the Demised Premises (44,866 square feet) and the denominator of which is the total number of rentable square feet of floor area in the building (initially, 107,936 square feet). Said amount shall be deemed to be additional rent and shall be due and payable on the first of the month following delivery to Tenant of a receipt for Landlord's payment of said taxes. It is expressly understood and agreed that such annual tax increase, if any, shall not exceed Ten Percent (10%) per year. Landlord's request for payment of such taxes shall be accompanied with copies of the receipted tax bills for the current year and for the base tax year, together with the appropriate computations. Payment of special assessments is to be made, if permitted, on an installment basis, extending over the maximum period of time available. Tenant shall have no obligation to pay any installment of special assessment extended beyond the term of this Lease. All such taxes for the last year of the term hereof shall be equitably prorated between the parties.
Tenant’s Tax Obligations. Tenant shall pay all taxes levied and assessed against fixtures, furnishing, equipment, and personal property on the Premises. If Landlord makes these payments, Tenant agrees to promptly reimburse Landlord. Tenant shall pay all taxes levied and assessed against Tenant’s fixtures and equipment before the same become delinquent. Tenant shall cooperate fully with Landlord to establish an exemption from lien pursuant to C.R.S. 39-26- 117(1)(b) by filing a Memorandum of Lease with the Colorado Department of Revenue to protect Landlord’s interests from any lien for taxes that may arise with respect to Tenant’s business operations. Tenant shall indemnify and hold Landlord harmless from any and all losses, costs or liabilities, including attorneys’ fees and costs of investigation and defense, incurred by Landlord as a result of Tenant’s failure to pay any taxes or assessments.
