TAXES/PRORATIONS. Purchaser is aware that property taxes may or may not be based upon “Owner Occupied Status”. Any and all Special Assessments are to be paid by Seller unless otherwise specified in this agreement. Taxes, rents, road maintenance, water, sewer, and homeowner’s association fees, if any are: □ To be prorated to □ Not to be prorated Tax proration will be based upon the: □ previous year’s taxes / □ agreed upon amount of / □ most current county information / □ new construction estimate □ other 13. TITLE. Merchantable title shall be conveyed by Warranty Deed or other sufficient conveyance instrument, acceptable to Purchaser, subject to conditions, zoning, restrictions, and easements of record, if any, which do not interfere with or restrict the existing use of the property. An owner's policy of Title Insurance in the amount of the purchase price will be furnished with cost to be distributed: Purchaser Seller . INITIALS: PURCHASER / SELLER / 14. CLOSING/POSSESSION. Closing date will be on or before with possession to be given Purchaser at time of closing. Seller agrees to maintain the property in a condition comparable to its present condition and agrees that Purchaser will have the opportunity for a personal inspection prior to closing. Seller agrees to maintain all existing insurance coverage on property until time of closing. Closing service fees, if any, cost to be distributed as follows: Purchaser Seller . All personal property, including refuse, not included in the purchase price, shall be removed by Seller prior to closing.
TAXES/PRORATIONS. The general real estate taxes for 2018 and all prior years shall be paid by Seller at or prior to closing. The general real estate taxes for 2019 shall be prorated to and including the date of Closing based on 100% of the most recent ascertainable full year tax xxxx. All general real estate tax prorations shall be final as of Closing. If the amount of the most recent ascertainable full year tax xxxx reflects a homeowner, senior citizen, disabled veteran or other exemption, a senior freeze or senior deferral, then Seller has submitted or will submit in a timely manner all necessary documentation to the appropriate governmental entity, before or after Closing, to preserve said exemption(s). The proration shall not include exemptions to which the Seller is not lawfully entitled.
TAXES/PRORATIONS. Property taxes will be prorated through the date of closing based upon the previous year’s taxes. Purchaser shall pay all transfer taxes and the like.
TAXES/PRORATIONS. All stamp and other taxes imposed as a result of the transfer by Seller of the Assets and the Stock shall be paid by Buyer, except to the extent exempted by Section 1146(c) of the Bankruptcy Code. All real, personal and other similar property taxes assessed on the Assets and the Stock relating to all periods on or prior to the Closing shall be the responsibility of Seller. All real, personal and other similar property taxes assessed on the Assets relating to all periods after the Closing shall be the responsibility of Buyer. All real, personal and similar property taxes which have accrued but are not due as of the Closing Date shall be prorated on a per diem basis.
TAXES/PRORATIONS. Purchaser is aware that property taxes may or may not be based upon “Owner 148 Occupied Status”. Purchaser is aware that the seller has the option to transfer the Owner Occupied status to 149 another South Dakota Property. Any and all Special Assessments are to be paid in full by Seller unless 150 otherwise specified in this agreement. 151 Taxes, rents, road maintenance, water, sewer, and homeowner’s association fees, if any are: 152 153 ot to be prorated 154 $ 155 st current county information / construction estimate 156 157 13. TITLE: Merchantable title shall be conveyed by [_] Warranty Deed or [_] Other: 158 , subject to conditions, zoning, restrictions, and 159 Easements of record, if any, which do not interfere with or restrict the existing use of the property. Deed to 160 be properly signed and with the necessary State Transfer fee paid by Seller. 161 162 An owner’s [_] standard or [_] extended Policy of Title Insurance in the amount of the purchase price 163 shall be furnished promptly to the Purchaser. Cost to be distributed: Seller ; Purchaser . 164 Purchaser to take title as: □Husband & Wife, Joint Tenants with Right of Survivorship; 165 □Joint Tenants with Right of Survivorship; □Tenants in Common; □Single Person 166 or □ . 167 168 14. CLOSING/POSSESSION. Closing date will be on or before with possession to 169 be given Purchaser at time of closing. Seller agrees to maintain the property in a condition comparable to 170 its present condition and agrees that Purchaser will have the opportunity for a personal inspection prior 171 to closing. Seller agrees to maintain all existing insurance coverage on property until time of closing. 172 All services will be on and in operating condition 48 hours prior to closing and final walk through. 173 Closing service fees, if any, cost to be distributed as follows: Purchaser Seller . 174 Closing services to be provided by 175 All personal property, including refuse, not included in the purchase price, shall be removed by Seller 176 prior to closing. 177
TAXES/PRORATIONS. 23 7.1 Payment of Ad Valorem and Property Taxes . . . . . . . . . 23 7.2 Sales, Use and Transfer Taxes . . . . . . . . . . . . . . . .23
TAXES/PRORATIONS. Ad valorem taxes for the current year shall be prorated as of the Closing Date between Seller at Closing. Proration of ad valorem taxes, for purposes of calculating adjustments of payments at the Closing Date, shall be made on the basis of the most current tax rates and assessed values.
TAXES/PRORATIONS. (a) Any documentary stamp Tax, transfer or similar Tax directly attributable to the sale or transfer of the Purchased Assets or the Assumed Obligations shall be paid by the Seller.
TAXES/PRORATIONS. Contributor shall pay, prior to delinquency, all personal property and real property Taxes in respect of the Acquired Assets, due and payable prior to the Closing. In addition, all personal property, real property, ad valorem, and other similar Taxes (other than income Taxes) levied with respect to the Acquired Assets for a Straddle Period shall be apportioned between Contributor and Company based on the number of days included in such Straddle Period through and including the Closing Date and the number of days included in such Straddle Period after the Closing Date, respectively. If the amounts of such Taxes are not liquidated or accurately estimated and apportioned at the Closing, or if Taxes are retroactively assessed after the Closing to a date on or prior to the Closing Date against the any Acquired Asset, then at such time as the actual or retroactively assessed Taxes are known, a cash settlement shall be made between Company and Contributor based on such actual amounts within 30 days of such determination. If the payment of Taxes is an obligation under any Contract, Liability for such Taxes shall be apportioned and paid for in the manner set forth in this Section 4.2(b). The Parties shall cooperate fully, as and to the extent reasonably requested by the other Parties, in connection with the filing of Tax Returns with respect to Taxes addressed in this Section 4.2(b). To the extent not otherwise addressed by this Agreement, Company and Contributor shall prorate (as of the Closing), if applicable, all water, sewage disposal, gas, telephone, electric, and other utility charges, real and personal ad valorem property taxes, real property lease payments, personal property lease payments, and all other income and expenses with respect to the Business, the Acquired Assets, or the Assumed Liabilities that are normally prorated upon the sale of assets of a going concern. To the extent applicable, all real property ad valorem Taxes shall be deemed paid in arrears.
TAXES/PRORATIONS. Tenant shall pay all taxes and assessments which have become a lien against the Premises and which shall become due and payable prior to the closing. Rents shall be prorated as of the date of closing.
