Property Taxes and Assessments. For purposes of this Agreement: (a) “Taxes” refers to general property taxes that are or will be assessed against the entire existing tax parcel that includes or comprises the Property; (b) “Assessments” refers to special assessments, including drainage board assessments, that are or will be assessed against such tax parcel; (c) “Seller’s Taxes” refers to the Taxes for the calendar year 2022 (due in 2023) and all prior years and Assessments last payable without a penalty on or before the day of Closing; and (d) “Parent Parcel Taxes” refers to any Taxes that, at the time of Closing, are not yet ascertainable and payable but constitute a lien against the Property and other real estate. Any unpaid Seller’s Taxes shall be withheld from Xxxxxx’s proceeds at Closing and paid directly to the county treasurer; provided, however, any portion of Seller’s Taxes that is not ascertainable and payable at the time of Closing shall be estimated and (to the extent attributed to the Property) paid via credit against the sums due from Buyer at Closing, with no further settlement or adjustment after Closing; provided, further, if this purchase involves a tax parcel split then, in lieu of a credit to Buyer at Closing, Seller may elect to have the Closing Agent collect at Closing each party’s respective share of the estimated Parent Parcel Taxes, to be either held in escrow and applied towards payment of the Parent Parcel Taxes when billed after Closing or paid directly to the county treasurer as an estimated prepayment of the Parent Parcel Taxes. Buyer shall pay all Taxes and Assessments due after Closing to the extent attributed to the Property and not paid via escrow or estimated prepayment. After Closing, if any Parent Parcel Taxes are billed as a lump sum with portions attributed to the Property and other real estate, Buyer shall cooperate with the owner(s) of the other real estate to facilitate the allocation and timely payment of the balance due and Buyer shall pay the portion attributed to the Property. For purposes of this Agreement: (i) any estimate of Taxes and/or Assessments shall be based on the amounts last billed for a calendar year; and (ii) the extent to which any Taxes and/or Assessments are attributed to any new parcel resulting from a split shall be based on a split calculation provided by the appropriate property tax official (or, if an official split calculation is not available, based on an estimated split calculation using available assessment data).
Property Taxes and Assessments. All real and personal property taxes and assessments, if any, for the year in which Closing occurs shall be prorated between the Parties as of the Closing Date, and all prior years' taxes, assessments, and interest, if any, shall either be exempt or paid in full by Seller at or prior to Closing.
Property Taxes and Assessments. Lessee shall pay, if required by Contra Costa County, to pay a possessory interest tax, which is a tax levied by the County on publicly-owned properties. If any possessory use tax is levied and billed to the City, Lessee shall be required to reimburse the City the full amount of possessory use tax paid by the City.
Property Taxes and Assessments. All property taxes and assessments, including special improvement district assessments, with respect to the Billings Clinic Exchange Property for 2010 and prior years have been paid. Responsibility for payment of taxes on the Real Property for 2011 shall be prorated, as applicable, between the Parties as of the Closing Date. City shall be responsible for paying all taxes and assessments with respect to the Billings Clinic Exchange Property thereafter, as applicable.
Property Taxes and Assessments. Tenant shall pay, before they become delinquent, any and all property taxes or assessments, and any other governmental charges, fees or expenses, levied or assessed on: (i) all improvements, fixtures, equipment or personal property comprising a part of or located upon the Premises; and (ii), the leasehold estate of Tenant created hereby (hereinafter referred to as “Tenant’s Taxes”). Upon the request of Landlord, Tenant shall, from time to time, furnish to Landlord “paid receipts” or other written evidence that all of Tenant’s Taxes have been paid by Xxxxxx. If any of Tenant’s Taxes are included in tax notices and, or statements delivered to Landlord, Xxxxxx has the right to legally protest or appeal, as provided for by Law, any tax levy or assessment of Tenant's Taxes provided Xxxxxxxx has not already filed or does not intend to file such protest or appeal of (i) the appropriateness of such tax and, or (ii) the taxable value as assessed by the respective taxing authority. If any of Tenant's Taxes are included in tax statements delivered to Landlord, Tenant shall pay to Landlord that portion representing Tenant’s Taxes within ten
Property Taxes and Assessments. Landlord shall pay all real property taxes and special or other assessments for public betterments or improvements which may be levied or assessed by any lawful authority against the Property. Tenant shall be liable for all taxes levied or assessed against personal property, furniture or fixtures or equipment placed by Tenant in the Premises. If any such taxes for which Tenant is liable are levied or assessed against Landlord or Landlord's property and if Landlord elects to pay the same or if the assessed value of Landlord's property is increased by inclusion of personal property, furniture or fixtures or equipment placed by Tenant in the Premises and Landlord elects to pay the taxes based on such increase, Tenant shall pay to Landlord upon demand that part of such taxes for which Tenant is liable hereunder. 29.
Property Taxes and Assessments. Borrower shall promptly cause to be paid and discharged on or before the last day when they may be paid without interest or penalty, all taxes, assessments, rates, dues, charges, fees, levies, excises, duties, fines, impositions, liabilities, obligations, liens and encumbrances (including, without limitation, water and sewer rents and charges, charges for setting or repairing meters and charges for other utilities or services), general or special, ordinary or extraordinary, foreseen or unforeseen, of every kind whatsoever, now or hereafter imposed, levied or assessed upon or against all or any part of the Mortgaged Property or the use, occupancy or possession thereof, or upon or against this Mortgage, the Loan or the interest of Lender in the Mortgaged Property, as well as all income taxes, if any, assessments and other governmental charges imposed, levied or assessed upon or against Borrower or in respect of all or any part of the Mortgaged Property, and any and all interest, costs and penalties on or with respect to any of the foregoing or which may be or become a lien prior to the lien of this Mortgage or have priority in payment to the indebtedness secured hereby (collectively, the “Impositions”); and further shall exhibit to Lender within ten (10) days after demand certificates or receipts issued by the appropriate authority showing full payment of all such impositions.
Property Taxes and Assessments. Tenant shall be liable for all real estate and personal property taxes levied or assessed against the Leased Premises and any personal property or fixtures placed in the Leased Premises. If any such taxes are levied or assessed against Landlord or Landlord’s property and (a) Landlord pays the same, or (b) the assessed value of Landlord’s property is increased by inclusion of such personal property and fixtures and Landlord pays the increased taxes, then, upon demand, Tenant shall pay to Landlord such taxes. Tenant’s obligation shall survive the expiration or earlier termination of this Lease.
Property Taxes and Assessments. The Purchaser shall be responsible for all property taxes and assessments on the Property that become due after Closing, if any.
Property Taxes and Assessments. 5 5.1 Personal Property Taxes ..................................................... 5 5.2 Real Property Taxes............................................................ 5 5.3 Definition of Real Property Taxes........................................ 6 6. LANDLORD’S MANAGEMENT OF PROJECT ............................... 7 6.1 Management of Common Area and Project ........................ 7 6.2 Tenant’s Share .................................................................... 8 6.3 Rules and Regulations ........................................................ 8
