Common use of Separate Tax Lot Clause in Contracts

Separate Tax Lot. Each portion of the Mortgaged Property described as a separate parcel is assessed for real estate tax purposes as one or more wholly independent tax lot or lots, separate from any adjoining land or improvements not constituting a part of such lot or lots, and no other land or improvements is assessed and taxed together with the Mortgaged Property or any portion thereof.

Appears in 4 contracts

Samples: And Security Agreement (GTJ REIT, Inc.), Leases and Rents Security Agreement and Fixture Filing (GTJ REIT, Inc.), Security Agreement and Fixture Filing (GTJ REIT, Inc.)

AutoNDA by SimpleDocs

Separate Tax Lot. Each portion To the best of Mortgagor's knowledge, the Mortgaged Property described as a separate parcel is assessed for real estate tax purposes as one or more wholly independent tax lot or lots, separate from any adjoining land or improvements not constituting a part of such lot or lots, and no other land or improvements is assessed and taxed together with the Mortgaged Property or any portion thereof.

Appears in 1 contract

Samples: Rents and Security Agreement (FSP 303 East Wacker Drive Corp.)

AutoNDA by SimpleDocs

Separate Tax Lot. Each portion of Except as otherwise disclosed to Lender, the Mortgaged Property described as a separate parcel is assessed for real estate tax purposes as one or more wholly independent tax lot or lots, separate from any adjoining land or improvements not constituting a part of such lot or lots, -48- 57 and no other land or improvements is assessed and taxed together with the Mortgaged Property or any portion thereof.

Appears in 1 contract

Samples: And Consolidated Mortgage and Security Agreement (Alexanders Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.