Common use of Exemption from Taxes Clause in Contracts

Exemption from Taxes. As provided in Section 6 of Chapter 317 of the Acts if 1983, Landlord may be or become exempt from the obligation to pay Taxes if it leases any part of the Building to an organization exempt from taxes under the United States Internal Revenue Code. If Tenant is able to establish to Landlord’s satisfaction the amount of the reduction in Taxes during any calendar year which is a result of this Lease and Tenant’s tax-exempt status, Tenant’s obligation to pay Taxes for such calendar year as provided in this Article 6 will axxxx in the same amount, or the amount, if previously paid, will be refunded to Tenant. If Tenant is not tax-exempt but Landlord’s obligation to pay Taxes is abated because of the tax-exempt status of any other tenant or tenants of the Building, Landlord reserves the right to increase Tenant’s Share as it relates to Taxes so that the Taxes payable with respect to the Land and the Building for any calendar year during the Lease Term are equitably apportioned among the tenants of the Building who are not exempt from taxation.

Appears in 2 contracts

Samples: Space Lease (Accentia Biopharmaceuticals Inc), Space Lease (Accentia Biopharmaceuticals Inc)

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Exemption from Taxes. As provided in Section 6 of Chapter 317 of the Acts if 1983, Landlord may be or become exempt from the obligation to pay Taxes if it leases any part of the Building to an organization exempt from taxes under the United States Internal Revenue Code. If Tenant is able to establish to Landlord’s satisfaction the amount of the reduction in Taxes during any calendar year which is a result of this Lease and Tenant’s tax-exempt status, Tenant’s obligation to pay Taxes for such calendar year as provided in this Article 6 will axxxx xxxxx in the same amount, or the amount, if previously paid, will be refunded to Tenant. If Tenant is not tax-exempt but Landlord’s obligation to pay Taxes is abated because of the tax-exempt status of any other tenant or tenants of the Building, Landlord reserves the right to increase Tenant’s Share as it relates to Taxes so that the Taxes payable with respect to the Land and the Building for any calendar year during the Lease Term are equitably apportioned among the tenants of the Building who are not exempt from taxation.

Appears in 1 contract

Samples: Space Lease (Accentia Biopharmaceuticals Inc)

Exemption from Taxes. As provided in Section 6 of Chapter 317 -------------------- of the Acts if of 1983, Landlord may be or become exempt from the obligation to pay Taxes if it leases any part of the Building to an organization exempt from taxes under the United States Internal Revenue Code. If Tenant is able to establish to Landlord’s 's satisfaction the amount of the reduction in Taxes during any calendar year which is a result of this Lease and Tenant’s 's tax-exempt status, Tenant’s 's obligation to pay Taxes for such calendar year as provided in this Article 6 will axxxx xxxxx in the same amount, or the amount, if previously paid, will be refunded to Tenant. If Tenant is not tax-exempt but Landlord’s 's obligation to pay Taxes is abated because of the tax-exempt status of any other tenant or tenants of the Building, Landlord reserves the right to increase Tenant’s 's Share as it relates to Taxes so that the Taxes payable with "With respect to the Land and the Building for any calendar year during the Lease Term are equitably apportioned among the tenants of the Building who are not exempt from taxation.

Appears in 1 contract

Samples: Phytera Inc

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Exemption from Taxes. As provided in Section 6 of Chapter 317 of the Acts if of 1983, Landlord may be or become exempt from the obligation to pay Taxes if it leases any part of the Building to an organization exempt from taxes under the United States Internal Revenue Code. If Tenant is able to establish to Landlord’s 's satisfaction the amount of the reduction in Taxes during any calendar year which is a result of this Lease and Tenant’s 's tax-exempt status, Tenant’s 's obligation to pay Taxes for such calendar year as provided in this Article 6 will axxxx xxxxx in the same amount, or the amount, if previously paid, will be refunded to Tenant. If Tenant is not tax-exempt but Landlord’s 's obligation to pay Taxes is abated because of the tax-exempt status of any other tenant or tenants of the Building, Landlord reserves the right to increase Tenant’s 's Share as it relates to Taxes so that the Taxes payable with respect to the Land and the Building for any calendar year during the Lease Term are equitably apportioned among the tenants of the Building who are not exempt from taxation.

Appears in 1 contract

Samples: Bioject Medical Technologies Inc

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