Property Taxes and Assessments. All Property Taxes shall be apportioned on the basis of the tax period for which assessed and, unless otherwise specified herein, such apportionment shall be on a calendar year basis. If the Closing Date shall occur either before an assessment is made or a tax rate is fixed for the tax period in which the Closing Date occurs (the "TAX YEAR"), the apportionment of such Property Taxes based thereon shall be made at the Closing Date by applying the tax rate for the preceding tax year to the latest assessed valuation, but, promptly after the assessment and/or tax rate for the Tax Year are fixed, the apportionment thereof shall be recalculated. If, after the Closing, the assessed valuation for the Tax Year is increased or reduced from the prior tax year, then the apportionment of such real estate taxes shall be recalculated, and Buyer or Sellers, as the case may be shall make an appropriate payment to the other (based on such recalculation) within ten (10) Business Days of Buyer's and Sellers' receipt of such new assessment and/or tax rate. Any Property Tax refund received by Buyer attributable to the Tax Year shall be prorated between Buyer and Sellers. Sellers shall pay all Assessments for the period prior to the Apportionment Date and Buyer shall pay all Assessments for the period subsequent to the Apportionment Date. Assessments shall mean all levies or charges of every kind and nature, including, but not limited to, assessments for: (i) public improvements or benefits; (ii) for any easement or agreement maintained for the benefit of the Parcel; and (iii) association fees, permits, inspection and license fees, general or special assessments, water, sewer and other utility levies and charges, ground rents or other rents, excise tax levies, and all other governmental charges of every kind and nature, whether general or special, ordinary or extraordinary, or foreseen or unforeseen, in connection with the Parcel.
Property Taxes and Assessments. “Taxes” refers to general property taxes and special assessments, if any, that have been or will be assessed against the existing tax parcel(s) that include any part of the Property. “Seller’s Taxes” refers to all Taxes assessed for the calendar year 2020, including Taxes assessed for 2020 and due in 2021 (“2020 Taxes”), and any unpaid Taxes and/or penalties for any earlier period. Any unpaid Seller’s Taxes, to the extent ascertainable and payable at the time of Closing, shall be withheld from Seller’s proceeds at Closing and paid by the Closing Agent directly to the appropriate tax collection office. If not ascertainable and payable at the time of Closing, the 2020 Taxes shall be estimated based on 100% of the amount last billed for a calendar year and the amount thus estimated (to the extent attributed to the Property) shall be paid via credit against the sums due from Buyer at Closing, with no further settlement or adjustment after Closing; provided, however, if this sale involves a tax parcel split then, in lieu of a credit to Buyer at Closing, Seller may elect to deliver to the Closing Agent the entire amount of the estimated 2020 Taxes (including but not limited to the portion attributed to the Property) to be: (a) held in escrow and applied towards payment of the 2020 Taxes when billed after closing; or (b) paid directly to the appropriate tax collection office as an estimated prepayment of the 2020 Taxes. In any event, Xxxxx shall then pay all Taxes when due after Closing (to the extent attributed to the Property and not paid via escrow or direct prepayment) and any shortage or surplus with respect to the estimated amount credited or paid at Closing shall be paid or retained by or refunded to Buyer (to the extent attributed to the Property). If this sale involves a tax parcel split, the extent to which any Taxes are attributed to the Property shall be based on a split calculation provided by the appropriate property tax official (or, if an official split calculation is not available, based on an estimated split calculation using available assessment data). If the billing of any Taxes after Closing includes portions attributed to any other real estate in addition to the Property, Buyer shall cooperate with the owner(s) of such other real estate to facilitate timely payment of any balance due and Buyer shall pay the portion attributed to the Property.
Property Taxes and Assessments. All real and personal property taxes and assessments, if any, for the year in which Closing occurs shall be prorated between the Parties as of the Closing Date, and all prior years' taxes, assessments, and interest, if any, shall either be exempt or paid in full by Seller at or prior to Closing.
Property Taxes and Assessments. Lessee shall pay, if required by Contra Costa County, to pay a possessory interest tax, which is a tax levied by the County on publicly-owned properties. If any possessory use tax is levied and billed to the City, Lessee shall be required to reimburse the City the full amount of possessory use tax paid by the City.
Property Taxes and Assessments. All property taxes and assessments, including special improvement district assessments, with respect to the Billings Clinic Exchange Property for 2010 and prior years have been paid. Responsibility for payment of taxes on the Real Property for 2011 shall be prorated, as applicable, between the Parties as of the Closing Date. City shall be responsible for paying all taxes and assessments with respect to the Billings Clinic Exchange Property thereafter, as applicable.
Property Taxes and Assessments. Tenant shall pay, before they become delinquent, any and all property taxes or assessments, and any other governmental charges, fees or expenses, levied or assessed on: (i) all improvements, fixtures, equipment or personal property comprising a part of or located upon the Premises; and (ii), the leasehold estate of Tenant created hereby (hereinafter referred to as “Tenant’s Taxes”). Upon the request of Landlord, Tenant shall, from time to time, furnish to Landlord “paid receipts” or other written evidence that all of Tenant’s Taxes have been paid by Xxxxxx. If any of Tenant’s Taxes are included in tax notices and, or statements delivered to Landlord, Xxxxxx has the right to legally protest or appeal, as provided for by Law, any tax levy or assessment of Tenant's Taxes provided Xxxxxxxx has not already filed or does not intend to file such protest or appeal of (i) the appropriateness of such tax and, or (ii) the taxable value as assessed by the respective taxing authority. If any of Tenant's Taxes are included in tax statements delivered to Landlord, Tenant shall pay to Landlord that portion representing Tenant’s Taxes within ten
Property Taxes and Assessments. Tenant shall be liable for all real estate and personal property taxes levied or assessed against the Leased Premises and any personal property or fixtures placed in the Leased Premises. If any such taxes are levied or assessed against Landlord or Landlord’s property and (a) Landlord pays the same, or (b) the assessed value of Landlord’s property is increased by inclusion of such personal property and fixtures and Landlord pays the increased taxes, then, upon demand, Tenant shall pay to Landlord such taxes. Tenant’s obligation shall survive the expiration or earlier termination of this Lease.
Property Taxes and Assessments. Borrower shall promptly cause to be paid and discharged on or before the last day when they may be paid without interest or penalty, all taxes, assessments, rates, dues, charges, fees, levies, excises, duties, fines, impositions, liabilities, obligations, liens and encumbrances (including, without limitation, water and sewer rents and charges, charges for setting or repairing meters and charges for other utilities or services), general or special, ordinary or extraordinary, foreseen or unforeseen, of every kind whatsoever, now or hereafter imposed, levied or assessed upon or against all or any part of the Mortgaged Property or the use, occupancy or possession thereof, or upon or against this Mortgage, the Loan or the interest of Lender in the Mortgaged Property, as well as all income taxes, if any, assessments and other governmental charges imposed, levied or assessed upon or against Borrower or in respect of all or any part of the Mortgaged Property, and any and all interest, costs and penalties on or with respect to any of the foregoing or which may be or become a lien prior to the lien of this Mortgage or have priority in payment to the indebtedness secured hereby (collectively, the “Impositions”); and further shall exhibit to Lender within ten (10) days after demand certificates or receipts issued by the appropriate authority showing full payment of all such impositions.
Property Taxes and Assessments. Landlord shall pay all real property taxes and special or other assessments for public betterments or improvements which may be levied or assessed by any lawful authority against the Property. Tenant shall be liable for all taxes levied or assessed against personal property, furniture or fixtures or equipment placed by Tenant in the Premises. If any such taxes for which Tenant is liable are levied or assessed against Landlord or Landlord's property and if Landlord elects to pay the same or if the assessed value of Landlord's property is increased by inclusion of personal property, furniture or fixtures or equipment placed by Tenant in the Premises and Landlord elects to pay the taxes based on such increase, Tenant shall pay to Landlord upon demand that part of such taxes for which Tenant is liable hereunder. 29.
Property Taxes and Assessments. All real and personal property taxes, if any, for the year in which Closing occurs shall be prorated as of the Closing Date, and all prior years’ taxes, interest and other charges, if any, shall either be exempt or paid in full by the JPA at or prior to Closing. If no tax values have been established by the Lancaster County Assessor for the Project Site, the tax proration shall be based on the Purchase Price for the Project Site and the most recent Lancaster County tax levy. Title hereunder shall be delivered free and clear of all special assessments levied or assessed or special assessment districts that have been created and ordered constructed, as of the date of this Agreement.
