Triple Net Rent. It is the intention of the parties that, except as otherwise provided herein, this Lease shall be a so-called “triple net” lease, and that Tenant shall pay as they become due and payable and before they become delinquent and as herein provided, all taxes, insurance, assessments, utilities (specifically including, but not limited to, all charges for water, gas, telephone, Internet access and electricity), costs, expenses, liabilities, deductions or other charges whatsoever with respect to the Leased Premises and/or the ownership, leasing, operation, maintenance, repair, use or occupation thereof during the Term hereof, including, without limitation, the costs, charges and assessments set forth in this Lease.
Appears in 2 contracts
Sources: Garage Lease (Virgin Trains USA LLC), Garage Lease (Virgin Trains USA LLC)