Common use of Ad Valorem, Real Property and Personal Property Taxes Clause in Contracts

Ad Valorem, Real Property and Personal Property Taxes. All Ad Valorem Taxes, Real Property Taxes, Personal Property Taxes, and similar obligations ("Property Taxes") on the Property are Seller's obligation for periods before the Effective Date and Buyer's obligation for periods after the Effective Date. If Property Taxes for the current tax year have not been assessed and paid as of the Closing Date, the Buyer shall file all required reports and returns incident to the Property Taxes and pay the Property Taxes for the current tax year and subsequent periods. The Seller will reimburse the Buyer promptly for the Seller's proportionate share of these taxes, prorated as of the Effective Date, upon receipt of evidence of the Buyer's payment of the taxes. If Property Taxes for the current tax year have been assessed and paid as of the Closing Date, the Buyer will reimburse the Seller for its proportionate share of these taxes, prorated as of the Effective Date. Seller shall furnish to Buyer upon request any information in Seller's possession regarding the Property to assist Buyer in its preparation and filing of all required reports and returns incident to the Property Taxes for the current tax year.

Ad Valorem, Real Property and Personal Property Taxes. All Ad Valorem Taxes, Real Property Taxes, Personal Property Taxes, and similar obligations ("Property Taxes") on the Property are SellerSELLER's obligation for periods before the Effective Date and BuyerBUYER's obligation for periods after the Effective Date. If Property Taxes for the current tax year have not been assessed and paid as of the Closing Date, the Buyer BUYER shall file all required reports and returns incident to the Property Taxes and pay the Property Taxes for the current tax year and subsequent periods. The Seller SELLER will reimburse the Buyer BUYER promptly for the SellerSELLER's proportionate share of these taxes, prorated as of the Effective Date, upon receipt of evidence of the BuyerBUYER's payment of the taxes. If Property Taxes for the current tax year have been assessed and paid as of the Closing Date, the Buyer BUYER will reimburse the Seller SELLER for its proportionate share of these taxes, prorated as of the Effective Date. Seller shall furnish to Buyer upon request any information in Seller's possession regarding the Property to assist Buyer in its preparation and filing of all required reports and returns incident , as a closing adjustment to the Property Taxes for the current tax yearPurchase Price, as provided in Section 2.2.

Ad Valorem, Real Property and Personal Property Taxes. All Ad Valorem Taxesad valorem taxes, Real Property Taxesreal property taxes, Personal Property Taxespersonal property taxes, and similar obligations ("Property Taxes") assessed on the Property (“Property Taxes”) are (a) Seller's ’s obligation for periods before the Effective Date and (b) Buyer's ’s obligation for periods after the Effective Date. If Property Taxes for the current tax year have not been assessed and paid by Seller as of the Closing Date, the Buyer shall file all required reports and returns incident to the Property Taxes and pay the Property Taxes for the current tax year and subsequent periods. The Seller will reimburse the Buyer promptly for the Seller's ’s proportionate share of these taxes, prorated as of the Effective Date, upon receipt for Property Taxes as a Downward Adjustment to the Purchase Price pursuant to Section 3.2(c) (based on a good faith estimate of evidence of the Buyer's payment of the these taxes). If Property Taxes for the current tax year have been assessed and paid as of the Closing Date, the Buyer will reimburse the Seller for its proportionate share of these taxes, prorated as of the Effective Date. Seller shall furnish to Buyer upon request any information in Seller's possession regarding the Property to assist Buyer in its preparation and filing of all required reports and returns incident , as an Upward Adjustment to the Property Taxes for the current tax yearPurchase Price, as provided in Section 3.2(b).

Ad Valorem, Real Property and Personal Property Taxes. All Ad Valorem Taxes, Real Property Taxes, Personal Property Taxes, and similar obligations ("Property Taxes") on the Property are SellerASSIGNOR's obligation for periods before the Effective Date and BuyerASSIGNEE's obligation for periods after the Effective Date. If Property Taxes for the current tax year have not been assessed and paid as of the Closing Date, the Buyer ASSIGNEE shall file all required reports and returns incident to the Property Taxes and pay the Property Taxes for the current tax year and subsequent periods. The Seller ASSIGNOR will reimburse the Buyer ASSIGNEE promptly for the SellerASSIGNOR's proportionate share of these taxes, prorated as of the Effective Date, upon receipt of evidence of the BuyerASSIGNEE's payment of the taxes. If Property Taxes for the current tax year have been assessed and paid as of the Closing Date, the Buyer ASSIGNEE will reimburse the Seller ASSIGNOR for its proportionate share of these taxes, prorated as of the Effective Date. Seller shall furnish to Buyer upon request any information in Seller's possession regarding the Property to assist Buyer in its preparation and filing of all required reports and returns incident , as a closing adjustment to the Property Taxes for the current tax yearPurchase Price, as provided in Section 2.2.

Ad Valorem, Real Property and Personal Property Taxes. All Ad Valorem Taxes, Real Property Taxes, Personal Property Taxes, and similar obligations ("Property TaxesPROPERTY TAXES") on the Property are SellerASSIGNOR's obligation for periods before the Effective Date and BuyerASSIGNEE's obligation for periods after the Effective Date. If Property Taxes for the current tax year have not been assessed and paid as of the Closing Date, the Buyer ASSIGNEE shall file all required reports and returns incident to the Property Taxes and pay the Property Taxes for the current tax year and subsequent periods. The Seller ASSIGNOR will reimburse the Buyer ASSIGNEE promptly for the SellerASSIGNOR's proportionate share of these taxes, prorated as of the Effective Date, upon receipt of evidence of the BuyerASSIGNEE's payment of the taxes. If Property Taxes for the current tax year have been assessed and paid as of the Closing Date, the Buyer ASSIGNEE will reimburse the Seller ASSIGNOR for its proportionate share of these taxes, prorated as of the Effective Date. Seller shall furnish to Buyer upon request any information in Seller's possession regarding the Property to assist Buyer in its preparation and filing of all required reports and returns incident , as a closing adjustment to the Property Taxes for the current tax yearPurchase Price, as provided in Section 2.2 of this Agreement.