Ad Valorem Taxes and Assessments. Seller shall be responsible for all ad valorem taxes and assessments on the Goods and Services for all periods prior to Due date of proforma invoice. Purchaser is a tax-exempt entity and shall be responsible for no ad valorem taxes whatsoever. Seller's ad valorem tax liability survives due date of proforma invoice and includes liability for rollback taxes, if any.
Ad Valorem Taxes and Assessments. 4.3.1. Tenant shall pay as additional rent during the term of this Lease all ad valorem and real property taxes levied or assessed by any lawful authority against the Premises. In the event any governmental authority having jurisdiction shall levy any general or special assessment against the Premises, Tenant shall also pay to Landlord as additional rent such assessment. Landlord shall have the option to take the benefit of any statute or ordinance permitting any such assessment for public betterments or improvements to be paid over a period of time in which case the Tenant shall be obligated to pay only the said fraction of the installments of any such assessments which shall become due and payable during the term of this lease.
Ad Valorem Taxes and Assessments. SAMPLE
5.3.1. Tenant shall pay as additional rent during the term of this Lease all ad valorem and real property taxes and all special assessments levied or assessed by any lawful authority against the Premises. In the event any governmental authority having jurisdiction shall levy any general or special assessment against the Premises, Tenant shall also pay to Landlord as additional rent such assessment. Landlord shall have the option to take the benefit of any statute or ordinance permitting any such assessment for public betterments or improvements to be paid over a period of time in which case the Tenant shall be obligated to pay only the said fraction of the installments of any such assessments which shall become due and payable during the term of this lease.
5.3.2. Landlord may, at its sole discretion, estimate the taxes and assessments referred to in this paragraph 5 and require Tenant to pay one-twelfth (1/12th) thereof monthly in advance, together with the payment of fixed minimum annual rent. After the end of each Lease year, Landlord shall furnish Tenant a statement of the actual taxes and assessments, and there shall be an adjustment between Landlord and Tenant with payment to or repayment by Landlord, as the case may require, to the end that Landlord shall receive the entire amount of Tenant’s proportionate share for such annual period.
Ad Valorem Taxes and Assessments. Ad valorem taxes on the Assets, including personal property taxes, and assessments due and payable on or with respect to the Assets, shall be prorated as of close of business on the Closing Date. Purchaser will pay to the State of Idaho, Department of Revenue, any Idaho State and County sales, use, property, excise and other taxes of any other jurisdiction arising by reason of the sale of the Assets.
Ad Valorem Taxes and Assessments. All real estate and personal property taxes attributable to the Property will be prorated at Closing. Seller will pay all such taxes attributable to any period prior to the Closing Date. If the applicable tax rate and assessments for the Property have not been established for the year in which Closing occurs, the proration of real estate and/or personal property taxes, as the case may be, will be based upon the rate and assessments for the preceding year, and thereafter, once the actual tax rate and assessments have been established, the parties shall make appropriate post-Closing adjustments in cash (and this obligation shall survive the Closing). All taxes imposed because of a change of use of the Property after Closing will be paid by Purchaser. Anything herein to the contrary notwithstanding, all assessments imposed by any governmental agency (herein “Assessments”) for improvements to the Real Property for work substantially completed on or before the Closing Date shall be paid in full by Seller at Closing. Any other Assessments for improvements to the Real Property shall be paid by Seller or Purchaser depending on whether the particular assessment or installment thereof comes due before or after the Closing Date.
Ad Valorem Taxes and Assessments. All real estate taxes (including ad valorem and non-ad valorem assessments) and personal property taxes payable with respect to the Property for the year in which the Closing Date occurs, accrued but to be paid after the Closing Date, shall be prorated between Seller and Purchaser as of the Closing Date on a calendar year basis. If the actual amount of taxes and assessments is not known on the Closing Date, the same shall be prorated on the basis of the amount of taxes and assessments payable for the year preceding Closing and shall be adjusted between the parties when the actual amount of taxes and assessments payable for the year of Closing is known to Purchaser and Seller. To the extent that Seller's share of such taxes and assessments is later recouped through reimbursement by the Tenants on the Property, the Purchaser shall pay the same to Seller promptly, but in no event later than the later to occur of (i) ninety (90) days after the end of the calendar year in which the Closing takes place or (ii) thirty (30) days after Purchaser's receipt of same from Tenants. The provisions of this Section 7.5 shall specifically survive Closing.
Ad Valorem Taxes and Assessments. During the term of this Lease, the Lessee shall pay all ad valorem taxes and other assessments assessed against the demised premises and any improvements thereon. Lessee shall pay all taxes and assessments before same become in default but the Lessee reserves the right to contest the amount of said taxes and Lessor agrees to execute any documents necessary to assist the Lessee in the protest of any said taxes and assessments. Any protest proceedings shall be at the sole cost and expense of the Lessee. The taxes and assessments for the year 1997 and the final year of this lease shall be prorated among the parties.
Ad Valorem Taxes and Assessments. Lessee covenants and agrees to pay and discharge during the month of November, all real estate taxes and assessments on the Premises, including improvements thereof, due and payable during the term of this Lease and any renewals thereof. Taxes for each year shall be paid in November for the initial year, Lessor will pay Lessor's prorata share, based upon the November discount, and Lessee shall timely deliver the balance to Lessor, made payable to the Tax Collector, for payment to the Tax Collector prior to the end of November, 1999.
Ad Valorem Taxes and Assessments. Seller shall pay all delinquent real estate taxes, including penalties and interest, and all current real estate taxes shall be prorated to the Closing Date. Seller also shall pay all special assessments or roll-back taxes which are a lien on the Real Property on the Closing Date, whether or not such assessments are past due, then due or are thereafter to become due, as well as any special assessments which are then known but which will be payable in whole or in part after the Closing Date.
Ad Valorem Taxes and Assessments. Tenant shall pay as Operating Costs (as defined in Sections 15 below) during the term of this Lease its Proportionate Share, as provided in Summary Section 1K., of all ad valorem and real and personal property taxes levied or assessed by any lawful authority against all of the real property which is now or hereafter becomes a part of: (i) the Premises and (ii) the Common Areas of the Park, and such other costs and fees incurred by Landlord or other parties of authority over such matters in contesting any such taxes, assessments, or charges and/or costs associated with negotiating with any such lawful authority with respect thereto (collectively called “Taxes and Assessments”), which sums shall be included as Operating Costs pursuant to Paragraph 9 below. In the event any governmental authority having jurisdiction shall levy any general or special assessment against the real property which is now or hereafter becomes a part of the Common Areas for public betterments or improvements, or if the property upon which the Park or Common Areas are located are subject to assessment by any property owner’s association, Tenant shall also pay to Landlord as Operating Costs its Proportionate Share of such assessments. Landlord shall have the option to take the benefit of any statute or ordinance permitting any such assessments for public betterments or improvements to be paid over a period of time, in which case Tenant shall be obligated to pay only the said fraction of the installments of any such assessments which shall become due and payable during the term of this Lease. Landlord agrees that to the extent available from the taxing authority, any special assessment shall be paid over the longest period permitted by such taxing authority so long as the amount of such special assessment is not materially increased thereby. Unless Landlord shall elect to have Tenant pay ad valorem taxes and assessments directly under terms acceptable to Landlord, on an annual or other periodic basis, Landlord shall estimate the Taxes and Assessments which shall be payable by Tenant pursuant to this Section and Tenant shall pay one-twelfth (1/12) thereof monthly in advance, together with the payment of Fixed Annual Rent. If Landlord elects to have Tenant pay such taxes directly, Tenant shall provide evidence of payment not less than thirty (30) days prior to delinquency. After the end of each Lease Year Landlord shall furnish Tenant a statement of the actual Taxes and Assessments, and t...
