Common use of No Joint Assessment Clause in Contracts

No Joint Assessment. Borrower shall not cause or permit Mortgage Borrower to suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) the joint assessment of the real property comprising the Property with (a) any other real property constituting a tax lot separate from the Property, or (b) any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the Lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real property.

Appears in 2 contracts

Samples: Senior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Senior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

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No Joint Assessment. Borrower shall not cause or permit Mortgage Borrower Borrower, HHSD, Additional Pledgor or Operating Lessee to suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) the joint assessment of the real property comprising the any Individual Property with (a) any other real property constituting a tax lot separate from the such Individual Property, or (b) any portion of the such Individual Property which may be deemed to constitute personal property, or any other procedure whereby the Lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real property.

Appears in 1 contract

Samples: Mezzanine a Loan Agreement (Ashford Hospitality Trust Inc)

No Joint Assessment. Borrower shall not not, and shall cause or permit Mortgage Borrower Operating Tenant to not, suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) the joint assessment of the real property comprising all or any portion of the Property with (a) any other real property constituting a tax lot separate from the Property, or (b) any portion of the Property which that may be deemed to constitute personal property, or any other procedure whereby the Lien of any taxes which that may be levied against such personal property shall be assessed or levied or charged to such real propertythe Property.

Appears in 1 contract

Samples: Loan Agreement (Eagle Hospitality Properties Trust, Inc.)

No Joint Assessment. Borrower shall not cause or permit Mortgage Borrower to suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) the joint assessment of the real property comprising the Property with (a) with any other real property constituting a tax lot separate from the Property, or and (b) with any portion of the Property which 66 may be deemed to constitute personal property, or any other action or procedure whereby the Lien lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real propertythe Property or any portion thereof.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

No Joint Assessment. No Borrower shall not cause or permit Mortgage Borrower to suffer, permit or initiate, or cause Mortgage Borrower to suffer permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) the joint assessment of the real property comprising the Property with (a) with any other real property constituting a tax lot separate from the Property, or (b) with any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the Lien lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real propertythe Property.

Appears in 1 contract

Samples: First Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

No Joint Assessment. Borrower shall not cause or permit Mortgage Borrower to suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) the joint assessment of the real property comprising the Property with (a) with any other real property constituting a tax lot separate from the Property, or and (b) which constitutes real property with any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the Lien lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real propertyproperty portion of the Property.

Appears in 1 contract

Samples: First Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

No Joint Assessment. Borrower shall not not, and shall cause or permit Mortgage Borrower Operating Tenant to not, suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) the joint assessment of the real property comprising the Property with (a) with any other real property constituting a tax lot separate from the Property, or and (b) that constitutes real property with any portion of the Property which that may be deemed to constitute personal property, or any other procedure whereby the Lien lien of any taxes which that may be levied against such personal property shall be assessed or levied or charged to such real propertyproperty portion of the Property.

Appears in 1 contract

Samples: Loan Agreement (Eagle Hospitality Properties Trust, Inc.)

No Joint Assessment. Borrower shall not (and shall not cause or permit Mortgage Borrower to to) suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) the joint assessment of the real property comprising all or any portion of the Property (i) with (a) any other real property constituting a tax lot separate from the Property, or (bii) which constitutes real property with any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the Lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real property.property portion of the Property. (c)

Appears in 1 contract

Samples: V4 Mezzanine Loan Agreement (Instil Bio, Inc.)

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No Joint Assessment. The Borrower and the Mortgaged Property Owners shall not cause or permit Mortgage Borrower to suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) the joint assessment of the real property comprising the any Mortgaged Property with (a) with any other real property constituting a tax lot separate from the Property, or Mortgaged Property and (b) which constitutes real property with any portion of the Mortgaged Property which may be deemed to constitute personal property, or any other procedure whereby the Lien lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real propertyproperty portion of the Mortgaged Property.

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

No Joint Assessment. Borrower Borrowers shall not suffer, permit or initiate, and shall cause or permit Mortgage Borrower Borrowers not to suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) initiate, the joint assessment of the real property comprising the any Property with (a) with any other real property constituting a tax lot separate from the such Property, or and (b) which constitutes real property with any portion of the such Property which may be deemed to constitute personal property, or any other procedure whereby the Lien lien of any taxes which may be 103 levied against such personal property shall be assessed or levied or charged to such real propertyproperty portion of the Property.

Appears in 1 contract

Samples: Second Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC)

No Joint Assessment. Borrower shall cause not cause to be suffered, permitted or permit Mortgage Borrower to suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) initiated the joint assessment of the real property comprising the Property with (a) any other real property constituting a tax lot separate from the Property, or (b) any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the Lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real propertythe Property.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

No Joint Assessment. Borrower shall not cause or permit Mortgage Borrower to suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the any Condominium) the joint assessment of the real property comprising the Property with (a) any other real property constituting a tax lot separate from the Property, or (b) any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the Lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real property.

Appears in 1 contract

Samples: Senior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

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