Proration of Real Estate Taxes. Ad valorem real estate taxes applicable to the Land, if any, for the current year shall be prorated at Closing. If the Closing occurs before the tax rate is fixed for that year, the proration of taxes, if applicable, shall be based upon the tax rate for the preceding year applied to the latest assessed valuation. All other ad valorem real estate taxes and assessments (e.g. if the Land is part of a larger tax assessment parcel) shall be paid by the City, if required, at Closing.
Proration of Real Estate Taxes. All general and special assessments by any governmental authority which are a lien on the Property as of the Closing Date and which are not collected as part of the property tax assessment shall be paid by Seller in full at the Closing. Regular property taxes shall be prorated between the parties as of the Closing Date.
Proration of Real Estate Taxes. All general or special ------------------------------ assessments by any governmental authority which are a lien on the Property as of the Closing Date shall be paid by Seller in full at the Closing.
Proration of Real Estate Taxes. Tenant shall pay all real property taxes and any general and/or special assessments which are due and payable, if any, on or before the date of the Closing, or which otherwise constitute a lien upon the Premises as of the date of the Closing pursuant to Section 4.1. Current taxes assessed for the year in which the Closing takes place shall be equitably prorated through the date of the Closing on the basis of the latest available tax bills covering the Leased Premises. If, at the Closing, the Leased Premises or any part thereof shall be subject to any assessment(s) which are or may become payable in annual installments of which the first installment is then due or has been paid, then for the purposes of this Lease all the unpaid installments of any such assessment, including those which are to become due and payable after the delivery of the deed to the Leased Premises, shall be deemed to be due and payable at the Closing and to be liens upon the Leased Premises and shall be paid and discharged by the Tenant at or prior to the Closing.
Proration of Real Estate Taxes. Real Estate Taxes ------------ ------------------------------ assessed for the calendar years in which the Term commences and ends shall be prorated based upon the number of days within each such calendar year as shall fall within the Term. Landlord shall reimburse Tenant for Landlord's pro rata share of the Real Estate Taxes assessed for the calendar year in which the Term commences promptly upon receipt by Landlord of satisfactory evidence of the payment of such Real Estate Taxes by Tenant. Tenant shall pay on the date of termination of this Lease all Real Estate Taxes due and payable during the calendar year in which the Term ends and Tenant's pro rata share of Real Estate Taxes assessed for the calendar year in which the Term ends. If the amount of such Real Estate Taxes is not then determined, the most recently available tax rates and assessed valuations shall be used in determining the amount to be paid under this Section 9.02.
Proration of Real Estate Taxes. Real estate taxes on the Property are to be adjusted to the date of Closing as set forth in this Section. Real estate taxes, general and special, are to be adjusted according to the most recent certificate of taxes issued by the taxing authority in the jurisdiction in which the Property is situate; provided that the Seller shall be solely responsible for the payment of any interest or penalty incurred for failure to pay outstanding real estate taxes timely prior to the Closing. If by Closing, Seller shall not have paid the real estate taxes on the Property for FY2023-2024, the amount necessary to pay the outstanding FY2023-2024 real estate taxes on Lot 5 shall be charged to the Seller on the closing statement. Real estate taxes for FY2023-2024, not including any interest or penalties which shall be the responsibility of Seller, shall be adjusted on the closing statement with a credit to the Seller, and a charge in the same amount to Buyer, for real property taxes on Lot 5 attributable to the Property, as calculated by square footage, for the period from the date of Closing through June 30, 2024.
Proration of Real Estate Taxes. (Check one box only) X Option 1: Real estate taxes which are due and payable shall be paid before or at closing by Seller. Real estate taxes that are a lien on the property but not yet due and payable shall be prorated to the date of closing based on one hundred percent (100%) of the most recent annual ascertainable taxes. Buyer shall receive the credit at closing for an amount equal to the Seller’s share of prorated real estate taxes and Buyer shall be responsible for payment of all real estate taxes becoming due and payable after the date of closing.
Proration of Real Estate Taxes. Real estate taxes shall be prorated to the date of closing based upon the actual taxes levied against the Property. Special assessments that have become a legal lien but remain unpaid as of the date of Closing shall be prorated in escrow.
Proration of Real Estate Taxes. Section 9(b) of the Agreement is amended to provide that real estate taxes and assessments will be prorated based on the maximum discount available for early payment.
Proration of Real Estate Taxes. Real Estate Taxes assessed for the calendar years in which the Term commences and ends shall be paid by the Developer. The Developer shall pay on the date of termination of this Lease all Real Estate Taxes due and payable during the calendar year in which the Term ends and its prorata share of all Real Estate Taxes assessed for the calendar year in which the Term ends based upon the number of days of the Term in such calendar year. If the amount of such Real Estate Taxes is not then determined, the most recently available tax rates and assessed valuations shall be used in determining the amount to be paid under this Section 9.02.
