Common use of Colorado Provisions Clause in Contracts

Colorado Provisions. The following provisions shall apply with respect to any Site located in the State of Colorado. (i) The following language is added to paragraph 6 (f): Except during the continuance of any Event of Default, Landlord shall refund on or before May 30th of any year any amounts held for payment of ad valorem taxes on May 20th of any year in excess of three-twelfths of the ad valorem taxes paid in such year, in accordance with C.R.S. § 39-1-119.” (ii) The following language is added to paragraph 16(c) after the second sentence thereof: “It is Tenant’s express intention and agreement pursuant to C.R.S. § 3▇-▇▇-▇▇▇ (3) that Landlord have the right and be absolutely entitled to the appointment of a receiver as provided herein.”

Colorado Provisions. The following provisions shall apply with respect to any Site located in the State of Colorado. (i) The following language is added to paragraph 6 (f): Except during the continuance of any Event of Default, Landlord shall refund on or before May 30th of any year any amounts held for payment of ad valorem taxes on May 20th of any year in excess of three-twelfths of the ad valorem taxes paid in such year, in accordance with C.R.S. § 39-1-119.” (ii) The following language is added to paragraph 16(c) after the second sentence thereof: “It is Tenant’s express intention and agreement pursuant to C.R.S. § 3▇▇-▇▇-▇▇▇ (3) that Landlord have the right and be absolutely entitled to the appointment of a receiver as provided herein.”