Common use of No Joint Assessment Clause in Contracts

No Joint Assessment. No Tenant shall suffer, permit or initiate the joint assessment of any Leased Property (i) with any other real property constituting a tax lot separate from such Leased Property, or (ii) with any portion of such Leased Property that may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes that may be levied against any such personal property shall be assessed or levied or charged to such Leased Property.

Appears in 6 contracts

Samples: Master Lease Agreement (Assisted Living Concepts Inc), Master Lease Agreement (Emeritus Corp\wa\), Master Lease Agreement (Emeritus Corp\wa\)

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No Joint Assessment. No Neither Borrower nor Operating Tenant shall suffer, permit or initiate the joint assessment of any Leased the Property (i) with any other real property constituting a tax lot separate from such Leased the Property, or and (ii) with any portion of such Leased the Property that which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes that which may be levied against any such personal property shall be assessed or levied or charged to such Leased the Property.

Appears in 2 contracts

Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)

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No Joint Assessment. No Tenant shall suffer, permit or initiate the joint assessment of any Leased Property (i) with any other real property constituting a tax lot separate from such Leased Property, or (ii) with any portion of such Leased Property that may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes that may be levied against any such personal property shall be assessed or levied or charged to such Leased Property.

Appears in 1 contract

Samples: Master Lease Agreement (Ventas Inc)

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