Impartial Appraiser definition
Impartial Appraiser. As defined in Section 13.2. Impositions: Collectively, all taxes, including capital stock, franchise, margin and other state taxes of Landlord, ad valorem, sales, use, single business, gross receipts, transaction privilege, rent or similar taxes; assessments including assessments for public improvements or benefits, whether or not commenced or completed prior to the date hereof and whether or not to be completed within the Term; ground rents (pursuant to the Ground Leases); all obligations of Landlord and its Affiliates under the documents listed on Schedule D hereto; water, sewer and other utility levies and charges; excise tax levies; fees including license, permit, inspection, authorization and similar fees; and all other governmental charges, in each case whether general or special, ordinary or extraordinary, or foreseen or unforeseen, of every character in respect of the Leased Property and/or the Rent and Additional Charges and all interest and penalties thereon attributable to any failure in payment by Tenant (other than failures arising from the acts or omissions of Landlord) which at any time prior to, during or in respect of the Term hereof may be assessed or imposed on or in respect of or be a lien upon (i) Landlord or Landlord’s interest in the Leased Property, (ii) the Leased Property or any part thereof or any rent therefrom or any estate, right, title or interest therein, or (iii) any occupancy, operation, use or possession of, or sales from or activity conducted on or in connection with the Leased Property or the leasing or use of the Leased Property or any part thereof; provided, however, that nothing contained in this Master Lease shall be construed to require Tenant to pay (a) any tax based on net income (whether denominated as a franchise or capital stock or other tax) imposed on Landlord or any other Person, (b) any transfer, or net revenue tax of Landlord or any other Person except Tenant and its successors, (c) any tax imposed with respect to the sale, exchange or other disposition by Landlord of any Leased Property or the proceeds thereof, or (d) any principal or interest on any indebtedness on or secured by the Leased Property owed to a Facility Mortgagee for which Landlord or its Subsidiaries or GLP is the obligor; provided, further, Impositions shall include any tax, assessment, tax levy or charge set forth in clause (a) or (b) that is levied, assessed or imposed in lieu of, or as a substitute for, any Imposition. Indebtedness: O...
Impartial Appraiser means the casualty insurance company which is then carrying the largest amount of casualty insurance carried on the Property.
Impartial Appraiser. As defined in Section 13.1(a).
Examples of Impartial Appraiser in a sentence
If Landlord pays the Impartial Appraiser, fifty percent (50%) of such costs shall be Additional Charges hereunder and if Tenant pays such Impartial Appraiser, fifty percent (50%) of such costs shall be a credit against the next Rent payment hereunder.
Each party shall pay one-half (1/2) of the fee, if any, of the Impartial Appraiser.
Each party shall pay one-half of the fee, if any, of the Impartial Appraiser.
The party desiring to have the Full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such Impartial Appraiser, give written notice thereof to the other party hereto.
If Landlord reasonably believes that the Maximum Foreseeable Loss has increased at any time during the Term, it shall have the right (unless Tenant and Landlord agree otherwise) to have such Maximum Foreseeable Loss redetermined by an impartial national insurance company reasonably acceptable to both parties (the “Impartial Appraiser”), or, if the parties cannot agree on an Impartial Appraiser, then by an Expert appointed in accordance with Section 34.1 hereof.
More Definitions of Impartial Appraiser
Impartial Appraiser. As defined in Section 13.2. ------------------- ------------ Impositions: Means collectively: -----------
Impartial Appraiser. As defined in Section 14.2. Impositions: Means collectively:
Impartial Appraiser. As defined in Section 13.2. IMPOSITIONS: Means collectively:
Impartial Appraiser has the meaning set forth in Section 13.2.
Impartial Appraiser. An appraiser selected by Lessor and reasonably acceptable to Lessee. Impositions: Collectively, all taxes (including, without limitation, all ad valorem, sales and use, single business, gross receipts, transaction privilege, rent
Impartial Appraiser. As defined in Section 11.10.
Impartial Appraiser. As defined in Section 13.2. disposition by Landlord of its interest in the Leased Property); provided, however, that nothing contained in this Master Lease shall be construed to require Tenant to pay: (u) any tax based on net income (whether denominated as a franchise or capital stock or other tax) other than property taxes imposed on Landlord or any other Person; (v) any transfer, or net revenue tax of Landlord or any other Person except Tenant and its successors; (w) any tax imposed with respect to the sale, exchange or other disposition by Landlord of any Leased Property or the proceeds thereof (excluding any reassessement or increase in Impositions as a result of the transfer, sale or other disposition by Landlord of the Leased Property); (x) any principal or interest on any indebtedness on or secured by the Leased Property owed to a Facility Mortgagee for which Landlord or its Subsidiaries is the obligor; (y) any franchise tax based upon the capital stock of Landlord, its Subsidiaries or its parent company; or (z) any regulatory fee due to regulatory authorizations held in Landlord's name.