Tenant Contribution. Notwithstanding the foregoing and/or Section 6.5 to the contrary, no prorations or adjustments shall be made for portions, if any, of real estate taxes, personal property taxes, special assessments or operating costs of the Property to the extent a tenant under the Leases is required to pay same directly to the applicable utility company, service provider or governmental entity pursuant to the terms of any of the Leases.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Consolidated Tomoka Land Co)
Tenant Contribution. Notwithstanding the foregoing and/or Section 6.5 to the contraryforegoing, no prorations or adjustments shall be made for portions, if any, of real estate taxes, personal property taxes, special assessments assessments, operating costs or operating other similar costs of the Property Properties to the extent a tenant under the Leases is required to pay same directly to the applicable utility company, service provider or governmental entity pursuant to the terms of any of the Leases. Purchaser shall be credited with an amount equal to all deposits made by tenants and held by Seller at Closing towards the tenant’s obligation to pay any such taxes and operating expenses.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Centerpoint Properties Trust)