Common use of Assessment Installments Clause in Contracts

Assessment Installments. If there are special assessments pending against the Property, Seller shall pay any installments of such special assessments that are due and payable prior to the Closing and Purchaser shall pay all installments of such special assessments on or after the Closing; provided, however, Seller shall not be required to pay any installments of special assessments that relate to projects that have not been completed as of the Effective Date.

Appears in 4 contracts

Samples: Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.), Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.), Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.)

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Assessment Installments. If there are special assessments pending against the Property, Seller shall pay any installments of such special assessments that are due and payable prior to the Closing and Purchaser shall pay all installments of such special assessments on or after the Closing; provided, however, that: (i) Seller shall not be required to pay any installments of special assessments that relate to projects that have not been completed as of the Effective Date; and (ii) Seller shall have no obligation to pay (and Purchaser shall not receive a credit for) any special assessments to the extent that such assessments are required to be paid by any Tenant.

Appears in 3 contracts

Samples: Real Estate Purchase and Sale Agreement (Plymouth Industrial REIT Inc.), Real Estate Purchase and Sale Agreement (Hines Real Estate Investment Trust Inc), Real Estate Purchase and Sale Agreement (Behringer Harvard Reit I Inc)

Assessment Installments. If there are special assessments pending against the Property, Seller shall pay any installments of such special assessments that are due and payable prior to the Closing and Purchaser shall pay all installments of such special assessments on or after the Closing; provided, however, Seller shall not be required to pay any installments of special assessments that relate to projects that have not been completed as of the Effective Closing Date.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.)

Assessment Installments. If there are special assessments pending against the Property, Seller shall pay any installments of such special assessments that are due and payable prior to the Closing and Purchaser shall pay all installments of such special assessments on or after the Closing; provided, however, Seller shall not be required to pay any installments of special assessments that relate to projects that have not been completed as of the Effective Date.. (d)

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement

Assessment Installments. If there are special assessments pending against the Propertyany Properties, Seller Sellers shall pay any installments of such special assessments that are due and payable prior to the Closing and Purchaser shall pay all installments of such special assessments on or after the Closing; provided, however, Seller that: (i) Sellers shall not be required to pay any installments of special assessments that are assessed after the Effective Date and that relate to projects that have not been completed as of the Effective Date; and (ii) Sellers shall have no obligation to pay (and Purchaser shall not receive a credit for) any special assessments to the extent that such assessments are required to be paid for directly by any Tenant.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (STAG Industrial, Inc.)

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Assessment Installments. If there are special assessments pending against the Property, Seller shall pay any installments of such special assessments that are due and payable pertain to any period prior to the Closing and Purchaser shall pay all installments of such special assessments that pertain to the period on or after the Closing; provided, however, Seller shall not be required to pay any installments of special assessments that relate to projects that have not been completed as of the Effective Date.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (GCP Applied Technologies Inc.)

Assessment Installments. If there are special assessments imposed by any municipal or governmental authority and pending against the Property, Seller shall pay any installments of such special assessments that are due and payable prior to the Closing and Purchaser shall pay all installments of such special assessments on or after the Closing; provided, however, that Seller shall not be required to pay any installments of special assessments that relate to projects that have not been completed as of the Effective Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Boston Properties Inc)

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