REIMBURSEMENT OF LESSOR Clause Samples

The "Reimbursement of Lessor" clause establishes the lessee's obligation to compensate the lessor for specific costs or expenses incurred in connection with the lease. Typically, this may include expenses such as repairs, maintenance, taxes, or insurance that the lessor pays on behalf of the lessee or due to the lessee's actions. By clearly outlining these reimbursement responsibilities, the clause ensures that the lessor is not financially disadvantaged by costs that are properly attributable to the lessee, thereby allocating financial risk and clarifying payment obligations.
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REIMBURSEMENT OF LESSOR. If Lessor pays any sum that Lessee is obligated to pay hereunder, whether for utilities, taxes, insurance, repairs, replacements, maintenance, or otherwise, Lessee agrees to pay any such sum to Lessor on demand, plus interest at the lesser of five percent (5%) above the interest rate outstanding on the Lessor’s financing of the Leased Premises or ten percent (10%) per annum from the date Lessor paid said sum until the date of repayment by Lessee.
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REIMBURSEMENT OF LESSOR. Lessor may, from time to time, but shall not be under any obligation to, seek to obtain a reduction in the amount of Taxes, or the cost of insurance, utilities or other amounts chargeable to or payable by Lessee pursuant to this Lease. If Lessor incurs any cost or expense in connection with the material reduction of Taxes or the cost of insurance, utilities or other amounts chargeable to or payable by Lessee pursuant to this Lease, Lessee shall reimburse Lessor for all such reasonable costs and expenses that are proportionate to Lessee's interests herein within thirty (30) days after receipt of an invoice therefore, provided that Lessor previously obtained Lessee's prior written approval of such efforts and Lessee's agreement to be accountable in such manner.
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REIMBURSEMENT OF LESSOR. If any taxing or other Governmental Authority requires that a tax or other governmental charge as set forth in this section be paid to such taxing or other Governmental Authority directly by Lessor, Lessee shall, on notice from Lessor, pay to Lessor the amount of the tax or other charge.
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REIMBURSEMENT OF LESSOR. If the Lessee shall fail or refuse to comply with and perform any conditions and covenants of this Lease Agreement, the Lessor may (but shall be under no obligation to) carry out and perform such conditions and covenants, for the account of the Lessee. Any cost or expense so incurred by Lessor shall be payable on demand or shall be added to the installment of rent due immediately thereafter. This remedy shall be in addition to such other remedies as the Lessor may have hereunder by reason of the breach by the Lessee of any of the covenants and conditions of this Lease Agreement.
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REIMBURSEMENT OF LESSOR. If by law, regulation or otherwise, any of the foregoing taxes or rates are made payable by the Lessor or proprietors, or if the mode of collecting same is altered as to make the Lessor liable therefor instead of the Lessee, the Lessee shall pay to the Lessor prior to the due date, but in any event within seven (7) days after demand upon the Lessee, the amount which the Lessor is required to so pay, and the Lessee shall hold the Lessor harmless and indemnified against any reasonable cost or expense in respect thereof.
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REIMBURSEMENT OF LESSOR. If by law, regulation or otherwise, business taxes and water taxes or other similar rates and taxes or taxes upon Lessee’s fixtures, equipment, machinery or upon alterations and or improvements are made payable by Lessor or proprietors, or if the mode of collecting such taxes and or rates be so altered as to make Lessor liable therefor instead of Lessee, Lessee shall repay to Lessor prior to the due date, but in any event within seven (7) days after demand upon Lessee, the amount of the charge imposed on Lessor as a result of such change, and shall hold Lessor harmless from any cost or expense in respect thereof.
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REIMBURSEMENT OF LESSOR. If the Lessee shall fail or refuse to comply with and perform any conditions and covenants of this Lease, the Lessor may, if the Lessor so elects, carry out and perform such conditions and covenants, at the cost and expense of the Lessee, and the said cost and expense shall be payable on demand, or at the option of the Lessor, shall be added to the installment of rent due immediately thereafter but in no case later than one (1) month after such demand, whichever occurs sooner, and shall be due and payable as such. This remedy shall be in addition to such other remedies as the Lessor may have hereunder by reason of the breach by the Lessee of any of the covenants and conditions in this Lease contained.
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REIMBURSEMENT OF LESSOR. To pay or reimburse the Lessor acting as the collecting agent for the Authorities: (a) the Goods and Services Tax (“GST”) imposed or chargeable on or calculated by reference to the rent, Land Premium (if any), and any other taxable sums due to the Lessor under this Lease in such manner and within such period as to enable the Lessor to comply with the law; and (b) all interest, fines, and penalties suffered or incurred by the Lessor resulting from any failure or delay by the Lessee in the payment of the rates, property taxes, other taxes, assessments, outgoings or GST.
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REIMBURSEMENT OF LESSOR. Lessee shall reimburse Lessor in an amount up to $250,000 in the aggregate for any liabilities or obligations not assumed by Lessee and incurred by Lessor prior to Closing or that arise subsequent to Closing in connection with Lessor's operation of the Hospital prior to Closing; provided, that, neither the Commissioners of, senior management of the Hospital nor counsel to Lessor have actual knowledge of such liabilities or obligations as of the Closing Date. In the event that such liabilities and obligations exceed $250,000 in the aggregate, Lessee shall reimburse Lessor for an amount equal to $250,000 and Lessor shall be responsible for any amounts in excess of $250,000. Notwithstanding the foregoing, the liabilities or obligations contemplated in this section shall not be deemed as included within the Assumed Liabilities set forth in Section 1.3 of this Annex A.
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Related to REIMBURSEMENT OF LESSOR

  • Reimbursement of Legal Fees Where an employee is charged with an offence resulting directly from the proper performance of his/her duties and is subsequently found not guilty, the employee shall be reimbursed for reasonable legal fees.

  • Reimbursement of Fee Waivers and Expense Reimbursements If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses of the Fund for that day are less than the Operating Expense Limit, the Adviser shall be entitled to reimbursement by the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “Reimbursement Amount”) within three years from the date in which the Adviser waived or reduced investment advisory fees or reimbursed expenses, to the extent that the Fund’s annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense Limit, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

  • Reimbursement of Legal Expenses The Company shall promptly reimburse Executive for all reasonable legal fees incurred by Executive in connection with the preparation, negotiation and execution of this Agreement and ancillary documents.

  • Reimbursement Premium (a) If the Company writes Covered Policies before June 1 of the Contract Year, the Company shall pay the FHCF its Reimbursement Premium in installments due on or before August 1, October 1, and December 1 of the Contract Year in amounts to be determined by the FHCF. However, if the Company’s Reimbursement Premium for the prior Contract Year was less than $5,000, the Company’s full provisional Reimbursement Premium, in an amount equal to the Reimbursement Premium paid in the prior year, shall be due in full on or before August 1 of the Contract Year. the Company will be invoiced for amounts due, if any, beyond the provisional Reimbursement Premium payment, on or before December 1 of the Contract Year. (b) If the Company is under administrative supervision, or if any control or oversight of the Company has been transferred through any legal or regulatory action to a state regulator or court appointed receiver or rehabilitator (referred to in the aggregate as “state action”): 1. The full annual provisional Reimbursement Premium as billed and any outstanding balances will be due and payable on August 1, or the date that such State action occurs after August 1 of the Contract Year. 2. Failure by such Company to pay the full annual provisional Reimbursement Premium as specified in subparagraph 1. by the applicable due date shall result in the 45% Coverage Level being deemed for the complete Contract Year regardless of the level selected for the Company through the execution of this Contract and regardless of whether a Covered Event occurred or triggered coverage. 3. Subparagraphs 1. and 2. do not apply if the state regulator, receiver, or rehabilitator provides a letter of assurance to the FHCF stating that the Company will have the resources and will pay the full Reimbursement Premium for the Coverage Level selected through the execution of this Contract. 4. When control or oversight has been transferred, in whole or in part, through a legal or regulatory action, the controlling management of the Company shall specify by August 1 or as soon thereafter as possible (but not to exceed two weeks after any regulatory or legal action) in a letter to the FHCF as to the Company’s intentions to either pay the full FHCF Reimbursement Premium as specified in subparagraph 1., to default to the 45% Coverage Level being deemed as specified in subparagraph 2., or to provide the assurances as specified in subparagraph 3. (c) A New Participant that first begins writing Covered Policies on or after June 1 but prior to December 1 of the Contract Year shall pay the FHCF a provisional Reimbursement Premium of $1,000 no later than 30 days from the date the New Participant began writing Covered Policies. The Administrator shall calculate the Company's actual Reimbursement Premium for the period based on its actual exposure as of November 30 of the Contract Year, as reported on or before February 1 of the Contract Year. To recognize that New Participants have limited exposure during this period, the actual Reimbursement Premium as determined by processing the Company's exposure data shall then be divided in half, the provisional Reimbursement Premium shall be credited, and the resulting amount shall be the total Reimbursement Premium due for the Company for the remainder of the Contract Year. However, if that amount is less than $1,000, then the Company shall pay $1,000. The Reimbursement Premium payment is due no later than April 1 of the Contract Year. The Company’s Retention and coverage will be determined based on the total Reimbursement Premium due as calculated above. (d) A New Participant that first begins writing Covered Policies on or after December 1 through and including May 31 of the Contract Year shall pay the FHCF a Reimbursement Premium of $1,000 no later than 30 days from the date the New Participant began writing Covered Policies. (e) The requirement that the Reimbursement Premium is due on a certain date means that the Reimbursement Premium shall be remitted by wire transfer or ACH and shall have been credited to the FHCF’s account, as set out on the invoice sent to the Company, on the due date applicable to the particular installment. (f) Except as required by Section 215.555(7)(c), Florida Statutes, or as described in the following sentence, Reimbursement Premiums, together with earnings thereon, received in a given Contract Year will be used only to pay for Losses attributable to Covered Events occurring in that Contract Year or for Losses attributable to Covered Events in subsequent Contract Years and will not be used to pay for past Losses or for debt service on post-event revenue bonds issued pursuant to Section 215.555(6)(a)1., Florida Statutes. Reimbursement Premiums and earnings thereon may be used for payments relating to such revenue bonds in the event emergency assessments are insufficient. If Reimbursement Premiums or earnings thereon are used for debt service on post- event revenue bonds, then the amount of the Reimbursement Premiums or earnings thereon so used shall be returned, without interest, to the Fund when emergency assessments or other legally available funds remain available after making payment relating to the post-event revenue bonds and any other purposes for which emergency assessments were levied.

  • Reimbursement of VAT Where under this contract one party is to reimburse or indemnify the other in respect of any payment made or cost incurred by the other, the first party shall also reimburse any VAT paid by the other which forms part of its payment made or cost incurred to the extent such VAT is not available for credit for the other party (or for any person with whom the indemnified party is treated as a member of a group for VAT purposes) under sections 25 and 26 of the Value Added Tax ▇▇▇ ▇▇▇▇.