Common use of Tax Parcel Clause in Contracts

Tax Parcel. The Land is taxed separately without regard to any other real estate and constitutes one legally subdivided lot under all applicable Law, and for all purposes may be dealt with as an independent parcel in connection with any Sale or Encumbrance of such Land.

Appears in 1 contract

Sources: Consolidation, Modification, Extension and Spreader Agreement (Clipper Realty Inc.)

Tax Parcel. The Land is taxed separately without regard to any other real estate and constitutes one a legally subdivided lot under all applicable Law (or, if not subdivided, no subdivision or platting of the Property is required under applicable Law), and for all purposes may be dealt with as an independent parcel in connection with any Sale or Encumbrance of such Land.

Appears in 1 contract

Sources: Consolidation, Modification and Extension Agreement (Clipper Realty Inc.)

Tax Parcel. The Land is taxed separately without regard to any other real estate and constitutes one seven (7) legally subdivided lot lots under all applicable Law (or, if not subdivided, no subdivision or platting of the Property is required under applicable Law), and for all purposes may be dealt with as an independent parcel in connection with any Sale or Encumbrance of such Land.

Appears in 1 contract

Sources: Mortgage, Assignment of Leases and Rents and Security Agreement (Clipper Realty Inc.)