Imposition definition
Imposition shall not mean or include:
Imposition means any taxes, assessments, water rates, sewer rates, maintenance charges, other governmental impositions and other charges now or hereafter levied or assessed or imposed against the Trust Estate or any part thereof.
Imposition means any tax, fee, rate, charge, fine, penalty, or interest charge that has been lawfully imposed by a Participant and for which a Revenue Service Program has been established. Such Impositions include, without limitation, Statewide Business License Taxes.
Examples of Imposition in a sentence
Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR.
If any refund shall be due from any taxing authority in respect of any Imposition paid by Lessee, the same shall be paid over to or retained by Lessee if no Event of Default shall have occurred hereunder and be continuing.
Lender shall apply the Imposition Deposits to pay Impositions so long as no Event of Default has occurred and is continuing.
Lender shall not be obligated to open additional accounts or deposit Imposition Deposits in additional institutions when the amount of the Imposition Deposits exceeds the maximum amount of the federal deposit insurance or guaranty.
Unless applicable law requires, Lender shall not be required to pay Borrower any interest, earnings or profits on the Imposition Deposits.
More Definitions of Imposition
Imposition or “Impositions” shall mean, collectively, all Taxes of every kind and nature on or with respect to the Leased Premises, or the use, lease, ownership or operation thereof; all charges, fees, expenses and/or taxes for or under any Permitted Encumbrance or Record Agreement or other agreement maintained for the benefit of the Leased Premises; all general and special assessments, levies, permits, inspection and license fees on or with respect to the Leased Premises; all water and sewer rents and other utility charges on or with respect to the Leased Premises; all ground rents on or with respect to the Leased Premises, if any; all common area maintenance fees, if any, applicable to the Leased Premises, and all other public charges and/or taxes whether of a like or different nature, even if unforeseen or extraordinary, imposed or assessed upon or with respect to the Leased Premises, prior to or during the Term, against Landlord, Tenant or any of the Leased Premises as a result of or arising in respect of the occupancy, leasing, use, maintenance, operation, management, repair or possession thereof, or any activity conducted on the Leased Premises, or the Basic Rent or Additional Rent, including without limitation, any sales tax, occupancy tax or excise tax levied by any governmental body on or with respect to such Basic Rent or Additional Rent; all payments required to be made to a governmental or quasi-governmental authority (or private entity in lieu thereof) that are in lieu of any of the foregoing, whether or not expressly so designated; and any penalties, fines, additions or interest thereon or additions thereto, provided that the term “Impositions” shall exclude any federal, state or local (A) transfer taxes as the result of a conveyance by (or suffered by) Landlord to any Person other than (1) Tenant or a person designated by Tenant or (2) as a result of an Event of Default, (B) franchise, capital stock, gross income taxes that are in the nature of franchise or capital stock taxes or similar taxes, if any, of Landlord, except to the extent such franchise, capital stock or similar taxes would not have been payable by Landlord but for the ownership by Landlord of the Leased Premises, (C) income, excess profits or other taxes, if any, of Landlord, determined on the basis of or measured by its net income, (D) estate, inheritance, succession, gift, capital levy or similar taxes of Landlord, or (E) Tax that would not have been imposed but for the failure of an I...
Imposition means any payment required by a public or governmental authority in respect of any property subject to the Lease Agreement or any transaction pursuant to the Lease Agreement or any right or interest held by virtue of the Lease Agreement; provided, however, that Imposition shall not include any taxes, whether federal, state or local, payable by any Secured Party based on or measured by net income of any Secured Party where taxable income is computed in substantially the same manner as taxable income is computed under the Code.
Imposition means the various taxes and other charges referred to in paragraph 6 of this Lease and the present and future governmental laws and regulations more specifically described in paragraph 6(b) of this Lease.
Imposition as defined in Section 11(a) hereof.
Imposition or “Impositions” shall mean, collectively, all Covered Taxes on or with respect to any Leased Property, or the use, lease, ownership or operation thereof; all charges and/or Covered Taxes for any easement or agreement maintained for the benefit of any Leased Property; all general and special assessments, levies, permits, inspection and license fees on or with respect to any Leased Property; all water and sewer rents and other utility charges on or with respect to any Leased Property; all ground rents on or with respect to any Leased Property, if any; and all other public charges and/or Covered Taxes whether of a like or different nature, even if unforeseen or extraordinary, imposed or assessed upon or with respect to any Leased Property, prior to or during the Term, against Landlord, Tenant or any Leased Property as a result of or arising in respect of the occupancy, leasing, use, maintenance, operation, management, repair or possession thereof, or any activity conducted on any Leased Property, or the Basic Rent or Additional Rent, including without limitation, any Covered Tax levied by any Governmental Authority on or with respect to such Basic Rent or Additional Rent; all payments required to be made to a Governmental Authority that are in lieu of any of the foregoing, whether or not expressly so designated; and any penalties, fines, additions or interest thereon or additions thereto; provided further, for the avoidance of doubt, that the terms “Imposition” and “Impositions” shall not include any Taxes other than Covered Taxes.
Imposition means any taxes, assessments, water rates, sewer rates, maintenance charges, other governmental impositions and other charges now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof.
Imposition means any taxes, assessments, water rates, sewer rates, maintenance charges, other impositions by any Governmental Instrumentality and other charges now or hereafter levied or assessed or imposed against the Trust Estate or any part thereof, and any amount payable with respect thereto under the Cooperation Agreement or any other Resort Complex Operative Document.