Rental Taxes means any tax or duty imposed upon either the Landlord or the Tenant which is measured by or based in whole or in part directly upon the Rent payable under this Lease or in respect of the rental or rental value of premises under this Lease whether existing at the date of this Lease or hereafter imposed by any governmental authority including, without limitation, goods and services tax, harmonized sales tax, value added tax, business transfer tax, sales tax, federal sales tax, excise taxes or duties or any tax similar to the foregoing.
Rental Taxes means any and all taxes or duties imposed on SOUTHWEST MIDDLESEX or the Tenant measured by or based in whole or in part on the Rent payable under the Lease, whether existing at the date of this Lease or hereinafter imposed by any governmental authority, including, without limitation, harmonized sales tax, value added tax, business transfer tax, retail sales tax, federal sales tax, excise taxes or duties, or any tax similar to any of the foregoing;
Rental Taxes shall have the meaning set forth in Section 9.5.
Examples of Rental Taxes in a sentence
Seller shall be responsible for payment of all rental, ------------ transaction privilege, business privilege, and similar taxes, imposed by any state or local taxing authority ("Rental Taxes") upon Seller's receipt of Rents prior to Closing.
Purchaser shall be responsible for payment of all Rental Taxes based on Rents which it receives after Closing.
The Rental Taxes payable by the Tenant (a) shall be calculated by Landlord in accordance with the applicable law; (b) shall be paid to Landlord at the same time as the amounts to which the Rental Taxes apply are payable to Landlord under this Lease; and (c) notwithstanding anything to the contrary, shall not be considered to be Rent (but Landlord will have all of the same remedies for, and rights of recovery with respect to, such amounts, as it has for non-payment of Rent under this Lease or at law).
Tenant shall pay the Rental Taxes whether they are characterized as HST, sales taxes, value-added taxes, multi-stage taxes, business transfer taxes, or otherwise, with the intent that Landlord be fully indemnified in respect of all Rental Taxes payable or collectible by Landlord in respect of the Rent or the rental of space under this Lease.
The amount of Rental Taxes paid by the party receiving the Rents shall be deducted therefrom in determining amounts to be prorated or adjusted under Article VI hereof.
More Definitions of Rental Taxes
Rental Taxes means all goods and services, business transfer, multi-stage sales, sales, use, consumption, value-added or other similar taxes imposed by any federal, provincial or municipal government upon either the Landlord or the Tenant in respect of the Lease which is measured by or based in whole or in part directly upon the Rent payable under this Lease or in respect of the rental or rental value of premises under this Lease or the payments made by Tenant hereunder or the goods and services provided by Landlord hereunder including without limitation, the rental of the Premises and the provision of administrative services to Tenant hereunder, whether existing at the date of this Lease or hereafter imposed by any governmental authority including, without limitation, goods and services tax, harmonized sales tax, value added tax, business transfer tax, sales tax, federal sales tax, excise taxes or duties or any tax similar to the foregoing.
Rental Taxes means any tax or duty imposed upon Landlord or Tenant on or in respect of this Lease, the payments made by Tenant hereunder or the goods and services provided by Landlord, including but not limited to the rental of the Premises and provision of administrative services to Tenant or to others whether existing at the date hereof or hereinafter imposed by any Governmental Authority, including without limitation goods and services tax, use, consumption or value added tax, business transfer tax, retail sales tax, federal sales tax, excise taxes or duties, or any tax similar to any of the foregoing.
Rental Taxes has the meaning set out in Section 2.01(b) of this Lease.
Rental Taxes means any commercial rental tax or gross receipts tax assessed upon or measured by such Rent.
Rental Taxes means any tax or duty imposed upon either the Landlord or the Tenant which is measured by or based in whole or in part directly upon the Rent payable under this Lease or in respect of the rental or rental value of premises under this Lease whether existing at the date of this Lease or hereafter imposed by any governmental authority including, without limitation, goods and services tax, harmonized sales tax, value added tax, business transfer tax, sales tax, federal sales tax, excise taxes or duties or any tax similar to the foregoing. For the avoidance of doubt, Rental Taxes do not include any of Landlord’s income taxes or similar taxes, corporation taxes, place of business taxes, land transfer taxes, non-resident sales taxes, business and any other taxes personal to the Landlord.
Rental Taxes means any tax or duty charged upon the Landlord or the Tenant which is levied, rated or assessed on the act of entering into this Lease or otherwise on account of this Lease or on the use or occupancy of the Leased Premises or any portion thereof, or on the Rental (except the Rental Taxes component thereof) payable under this Lease, whether existing as at the date hereof or hereafter charged by any governmental authority, including without limitation, a goods and services tax imposed under Part IX of the Excise Tax Act, a value added tax, a business transfer tax, a retail sales tax, a federal sales tax, an excise tax or duty or any tax similar to the foregoing, together with any penalty or interest assessed or imposed with respect to the foregoing taxes;
Rental Taxes means any tax or duty charged upon the Landlord or the Tenant which is levied, rated or assessed on the act of entering into this Lease or otherwise on account of this Lease or on the use or occupancy of the Demised Premises or any portion thereof, or on the Basic Rent and/or the Additional Rent (except the Rental Taxes component thereof) payable under this Lease, whether existing at the date hereof or hereafter created by any governmental authority, including without limitation, a goods and services tax, a business transfer tax, a retail sales tax, a federal sales tax, an excise tax or duty or any tax similar to the foregoing, together with any penalty or interest assessed or imposed with respect to the foregoing taxes where such penalty arises as a result of the default of the Tenant, but excluding any income tax, excess profit tax or luxury tax or other tax personal to the Landlord not relating to the Building or Lands that may be levied or charged to the Landlord. The Tenant further covenants with the Landlord to pay, as and when the same become due, all of its telephone and utility costs and all business, income and other taxes, charges, rates, duties and assessments personal to it from time to time levied against or payable in respect of the occupancy of the Demised Premises by the Tenant and to pay any and all taxes and assessments that may be assessed or levied upon or against the Tenant’s Improvements.