Common use of Assessment Liens Clause in Contracts

Assessment Liens. If and to the extent there exists any improvement assessment liens or other similar assessments which encumber the Property, Buyer hereby expressly agrees and assumes the obligation to pay any and all future installments of such bonds or assessment liens affecting the Property which accrue from and after the Close of Escrow. Any bond payments or assessment liens for the current payable period shall be prorated in accordance with Section 3.12 above and any past due and unpaid installments of such bonds or assessment liens shall be paid by Seller. Seller shall have no obligation to pay the entire principal amount of any of such assessments or bonds.

Assessment Liens. If and to the extent there exists exist any improvement assessment liens liens, bond payments, or other similar assessments which encumber the any Constituent Property, Buyer hereby expressly agrees and assumes Buyers shall assume the obligation to pay any and all future installments of such bonds or assessment liens affecting the such Constituent Property which accrue from and after the Close of Escrow. Any bond payments or assessment liens for the current payable period shall be prorated in accordance with Section 3.12 3.13 above and any past due and unpaid installments of such bonds or assessment liens shall be paid by SellerSellers. Seller Sellers shall have no obligation to pay the entire principal amount of any of such assessments or bonds.

Assessment Liens. If and to the extent there exists any improvement assessment liens liens, Xxxxx Xxxx bond payments or other similar assessments which encumber the Property, Buyer hereby expressly agrees and assumes shall assume the obligation to pay any and all future installments of such bonds or assessment liens affecting the Property which accrue from and after the Close of Escrow. Any bond payments or assessment liens for the current payable period shall be prorated in accordance with Section 3.12 above and any past due and unpaid installments of such bonds or assessment liens shall be paid by Seller. Seller shall have no obligation to pay the entire principal amount of any of such assessments or bonds.