Special Assessment Liens. Certified, confirmed, and ratified special assessment liens as of the Closing will be paid by the Seller. If a certified, confirmed, and ratified special assessment is payable in installments, the Seller will pay all installments due and payable on or before the Closing, with any installment for any period extending beyond the Closing prorated, and the Buyer will assume all installments that become due and payable after the Closing. The Buyer shall be responsible for all assessments of any kind which become due and owing after the Closing, unless an improvement is substantially completed as of the Closing. If an improvement is substantially completed as of the Closing but has not resulted in a lien before Closing, the Seller will pay an amount of the last estimate of the assessment. This subsection applies to special assessment liens imposed by a public body and does not apply to condominium association special assessments.
Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If the improvement has been substantially completed as of Effective Date, any pending lien shall be considered certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate or assessment for the improvement by the public body.
Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (not as of Effective Date) are to be paid by Landlord unless they are the responsibility of Tenant under the Lease. Pending liens as of date of closing shall be assumed by Tenant. If the improvement has been substantially completed as of Effective Date, any pending lien shall be considered certified, confirmed or ratified and Landlord shall, at closing, (unless such lien is the responsibility of Tenant under the Lease) be charged an amount equal to the last estimate or assessment for the improvement by the public body.
Special Assessment Liens. Certified, confirmed and ratified special assessment liens for public and municipal improvements payable for periods of ownership and operation of the Real Property prior to the Closing Date are to be paid by Seller, with any such accruing on or after the Closing Date to be paid by Purchaser. Pending liens for special assessments for public and municipal improvements as of the Closing Date shall be assumed by Purchaser.
Special Assessment Liens. Special assessment liens which are certified, confirmed and ratified as of the date of Closing are to be paid by Seller. Special assessment liens which are certified, confirmed and ratified but payable in installments post Closing shall be paid in full by Seller at Closing. Special assessment liens pending as of the date of Closing shall be assumed by Buyer; provided, however, that if the improvements which form the basis for such special assessment are substantially completed as of the date of Closing they shall be deemed to have been certified, confirmed or ratified and Buyer shall, at Closing, be credited with an amount equal to the last estimate of the assessment for the improvement made by the appropriate public body.
Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (and not as of Effective Date) are to be paid by Seller.
Special Assessment Liens. If, on the Closing Date, the Property or any part thereof, shall be or shall have been affected by any certified, confirmed, and ratified special assessment liens, the same shall be paid and discharged by Seller. Pending liens shall be assumed by Purchaser; provided, however, that once the amount of a pending special assessment lien has been finally determined, the amount of the special assessment lien shall be prorated and Seller shall reimburse Purchaser for any amounts paid by Purchaser which are allocable to the period of xxxx Xxxxxx owned the Property within thirty (30) days of Purchaser’s delivery to Seller of the proration statement.
Special Assessment Liens. Certified, confirmed and ratified special assessment liens, or liens for work substantially completed, but not yet certified, confirmed or ratified, as of the Closing Date are to be paid at the Closing by Sellers.
Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of the date of Closing are to be paid by Seller. Pending liens as of the date of Closing shall be assumed by the Purchaser, provided, however, that where the improvement has been substantially completed as of the date of Closing such pending lien shall be considered as certified, confirmed or ratified and Seller shall, at Closing, be charged an amount equal to the last estimate by the public body of the assessment for the improvement. Such estimate shall, at the request of either party to the transaction, be readjusted upon receipt of the actual billing.
Special Assessment Liens. In the event any special assessments are applicable to the Owned Real Property which (i) were known to the Sellers prior to the date of this Agreement; and (ii) relate to improvements constructed or installed prior to the date of this Agreement (hereinafter referred to as “Pre-Contract Special Assessment”), then, in such event, all such Pre-Contract Special Assessments, regardless of whether payable in installments, shall be fully paid by the Sellers on or before the Closing Date. As to any special assessments not constituting Pre-Contract Special Assessments, the Sellers shall be responsible for the payment on or before the Closing of any installments falling due prior to the date of the Closing, and the Buyer shall be solely responsible for any installments related thereto falling due from and after the Closing Date.
