Governmental Assessments Clause Samples
The Governmental Assessments clause defines the responsibilities of the parties regarding taxes, fees, or other charges imposed by government authorities in connection with the agreement. Typically, this clause specifies which party is responsible for paying sales tax, use tax, or similar governmental assessments that may arise from the transaction. For example, it may state that the buyer is responsible for all applicable taxes except those based on the seller’s income. The core function of this clause is to allocate financial responsibility for government-imposed costs, thereby preventing disputes and ensuring clarity about who bears these obligations.
Governmental Assessments. In addition to the Base Rental, Lessee shall pay, prior to delinquency, all personal property taxes, charges, rates, duties and license fees (collectively “Assessments”) assessed against or levied upon any Lessee Improvements, trade fixtures, furnishings, equipment or other personal property contained in the Premises (collectively, “Personal Property”). Lessee shall cause such Assessments upon Personal Property to be billed separately from the property of Lessor. Lessee hereby agrees to indemnify, defend and hold Lessor harmless from and against the payment of all such Assessments.
Governmental Assessments. The Mortgagor will pay and discharge when due and payable from time to time all taxes, assessments, governmental charges, fines and penalties imposed on the Vessel except those being contested in good faith by the Mortgagor and for which adequate reserves have been made.
Governmental Assessments. In addition to the Base Rental, Lessee shall pay, prior to delinquency, all personal property taxes, charges, rates, duties and license fees assessed against or levied upon Lessee's occupancy of the Premises, or upon any Lessee Improvements, trade fixtures, furnishings, equipment or other personal property contained in the Premises (collectively, "Personal Property"
Governmental Assessments. Boxabl will have no responsibility for any state or local property or other taxes or assessments arising from the placement of the Units at their intended sites.
Governmental Assessments. Any property or other taxes are the responsibility of the Buyer.
Governmental Assessments. In addition to the Base Rental, Lessee shall pay, prior to delinquency, (a) all personal property taxes, charges, rates, duties and license fees assessed against or levied upon Lessee's occupancy of the Premises, or upon any trade fixtures, furnishings, equipment or other personal property contained in the Premises (collectively, "Personal Property"), and (b) Lessee's Pro Rata Share (as defined in Section 4.1) of any governmental fees or charges, general and special, ordinary and extraordinary, unforeseen as well as foreseen, of any kind whatsoever imposed or charged to the Premises or the Building for the first time from and after the Commencement Date (other than Taxes, as defined in Section 4.4(m), which shall be handled in accordance with the provisions of Article 4) (collectively, "Assessments"). Lessee shall cause such Assessments upon Personal Property to be billed separately from the property of Lessor. Lessee hereby agrees to indemnify, defend and hold Lessor harmless from and against the payment of all such Assessments imposed upon Lessee’s Personal Property.
Governmental Assessments. Any assessment for local benefits levied by any governmental authority and not now a lien upon all or any portion of such real property; provided, however, iNet does not know or have reason to know of any such assessment.
Governmental Assessments. IN addition to the Basic Rent and Operating ------------------------ Expenses as set forth above, Tenant shall pay, prior to delinquency, (a) all real property taxes, if any, and personal property taxes, charges, rates, duties and license fees assessed against or levied upon (i) Tenant's occupancy of the Premises, (ii) upon any Tenant Improvements (in excess of the valuation at which tenant improvements conforming to Landlord's "Building standard" in other space in the Building are assessed, which for purposes of this Section 3.13 shall be deemed to equal Thirty and 00/100 Dollars ($30.00) per USF of the premises), and (iii) trade fixtures, furnishings, equipment or other personal property contained in the Premises (collectively, "Personal Property"), and (b)
Governmental Assessments. In addition to the Rental, Tenant shall pay, prior to delinquency, (a) all personal property taxes, charges, rates, duties and license fees assessed against or levied upon Tenant's occupancy of the Premises, or upon any Tenant Improvements, trade fixtures, furnishings, equipment or other personal property owned or leased by Tenant and contained in the Premises (collectively "Personal Property"), and (b) Tenant's Pro Rata Share (as defined in Section 4.3) of any governmental fees or charges, general and special, ordinary and extraordinary of any kind whatsoever (other than Taxes, as defined in Section 4.3(n), which shall be handled in accordance with the provisions of Article 4) (collectively "Assessments"). Tenant shall cause such Assessments upon Personal Property to be billed separately from the property of Landlord. Tenant hereby indemnifies and holds Landlord harmless from and against the payment of all such Assessments.
Governmental Assessments. Any assessment for local benefits levied by any governmental authority and not now a lien upon all or any portion of such real property; provided, however, neither the Principal Shareholder of Piper nor Piper know or have reason to know of any such assessment.