Assessed Value. “Assessed Value” means the market value-in-use of a property, used for property tax assessment purposes as determined by the St. Xxxxxx County Assessor.
Assessed Value. Company represents that it will use commercially reasonable efforts to render eligible Property to City, not including Baseline Property, with a minimum assessed value of ten million dollars ($10,000,000), during the Term of this Agreement, starting on January 1, 2016.
Assessed Value. Except as otherwise described in the Due Diligence Materials, Seller has not received a written notice of any pending or proposed special assessments affecting the Property.
Assessed Value. Except as set forth on Schedule A-12, neither Contributor nor any Contributor Property Owner has received any notice of, and Contributor has no Actual Knowledge of, any proposed change in the assessed value of all or any portion of any Contributor Properties, other than the customary scheduled increases in the state, county and city where such Contributor Property is located, or such change as would not have a material adverse effect on the owner of such Contributor Property or the value thereof. Except as set forth on Schedule A-12, neither Contributor nor the Contributor Property Owners, or (to the Actual Knowledge of Contributor) any of their respective representatives, have received any written notice of any proposed or pending special assessments which affect any Contributor Property or any portion thereof, other than such special assessment that would not have a material adverse effect on the owner of such Contributor Property or the value thereof.
Assessed Value. Except as set forth on Schedule B-11, no Contributee Property Owner has received any notice of, and Contributee has no Actual Knowledge of, any proposed change in the assessed value of all or any portion of any Contributee Properties, other than the customary scheduled increases in the state, county and city where such Contributee Property is located, or such change as would not have a material adverse effect on the owner of such Contributee Property or the value thereof. Except as set forth on Schedule B-11, no Contributee Property Owners or (to the Actual Knowledge of Contributee) any of their respective representatives, have received any written notice of any proposed or pending special assessments which affect any Contributee Property or any portion thereof, other than such special assessment that would not have a material adverse effect on the owner of such Contributee Property or the value thereof.
Assessed Value. Except as set forth on Schedule E3.10, no Whitehall Additional Current Owner has received any notice of, and Whitehall does not know of, any proposed change in the assessed value of all or any portion of any Whitehall Additional Property owned by such Whitehall Additional Current Owner, other than the customary scheduled increases in the state, county and city where such Whitehall Additional Property is located, or such change as would not have a material adverse effect on the owner of such Whitehall Additional Property. Except as set forth on Schedule E3. 10, the Whitehall Additional Current Owners have not received any written notice of any proposed or pending special assessments which affect any Whitehall Additional Property or any portion thereof, other than such special assessment that would not have a material adverse effect on the owner of such Whitehall Additional Current Property.
Assessed Value. Lessor shall notify the Lessee of the assessed value of the Premises at the inception of the Lease and any increase or proposed increase in real estate tax assessment of which Lessor has knowledge. Lessee shall have the right to contest by appropriate administrative or legal proceedings the amount and validity of any tax assessment or charge which Lessee is required to pay under the terms of this Section so long as such taxes are paid prior to their due dates and no penalties or additional assessments are incurred as a result thereof and Lessor is indemnified by Lessee for any costs, damages, penalties or claims which may be made against Lessor as a result thereof. Lessor shall, at the request and expense of Xxxxxx, join or otherwise assist Lessee in any such proceeding. To the extent paid or payable by Xxxxxx for the period in question, Lessee shall be entitled to any refund or reimbursement of taxes actually received as a result of such contest.
Assessed Value. No proceedings for the correction of -------------- the assessed valuation of the Premises (the "Proceedings") have been filed on behalf of any Xxxx Entity and is pending, other than as set forth in Exhibit W --------- annexed hereto and made a part hereof.
Assessed Value. Owner agrees to not appeal the City's assessed value for a period of Five (5) years after the opening of the hotel as long as the assessed value does not exceed Sixteen Million Dollars ($16,000,000).
Assessed Value. PURCHASER(S) represent(s) and warrant(s) that the purchase price set forth herein shall not be used as a reason to, or as evidence in a proceeding to grieve or otherwise contest the assessed value of the Property for the purposes of real property taxation. This representation shall survive the closing of title herein.
