Common use of ROLLBACK TAXES Clause in Contracts

ROLLBACK TAXES. If Builder’s change in use of the Property prior to Closing or denial of a special use valuation on the Property results in additional taxes, penalties or interest (Assessments) for periods prior to Closing the Assessments will be the obligation of Builder. If notice of any such Rollback Taxes are given in a Tax Certificate, said taxes shall be paid at or prior to the time of closing if Buyer is obtaining lender financing.

ROLLBACK TAXES. If Builder’s 's change in use of the Property prior to Closing or denial of a special use valuation on the Property results in additional taxes, penalties penalties, or interest (“Assessments”) for periods prior to Closing Closing, the Assessments will be the obligation of Builder. If notice of any such Rollback Taxes are given in a Tax Certificate, said taxes shall be paid at or prior to the time of closing if Buyer is obtaining lender financing.

ROLLBACK TAXES. If Builder’s change in use of the Property prior to Closing or denial of a special use valuation on the Property results in additional taxes, penalties or interest (Assessments) for periods prior to Closing the Assessments will be the obligation of Builder. If notice of any such Rollback Taxes are given in a Tax Certificate, said taxes shall be paid at or prior to the time of closing if Buyer is obtaining lender financing.