Common use of Change in Tax Laws Clause in Contracts

Change in Tax Laws. (a) If, by the laws of the United States of America, or of any state or municipality having jurisdiction over the Agent, the Borrower or the Mortgaged Property, any tax is imposed or becomes due in respect of the Notes or this Mortgage (excluding income, excise or franchise taxes imposed upon the Agent, except as provided in paragraph (c) below), or any liens on the Mortgaged Property created thereby, then the Borrower shall pay such tax in the manner required by such law.

Appears in 4 contracts

Samples: Mortgage, Security Agreement (Grubb & Ellis Healthcare REIT, Inc.), Mortgage, Security Agreement (Grubb & Ellis Healthcare REIT, Inc.), Mortgage, Security Agreement (Grubb & Ellis Healthcare REIT, Inc.)

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Change in Tax Laws. (a) If, by the laws of the United States of America, or of any state or municipality having jurisdiction over the AgentAdministrative Agent or any Bank, the Borrower or the Mortgaged Property, any tax is imposed or becomes due in respect of the Notes Note or this Mortgage any Security Instrument (excluding income, excise or franchise taxes imposed upon the Agenta Bank, except as provided in paragraph (c) belowlevied against the income of a Bank as a complete or partial substitute for Taxes to be paid by Borrower hereunder), or any liens on the Mortgaged Property created thereby, then the Borrower shall pay such tax in the manner required by such law.

Appears in 2 contracts

Samples: Syndicated Term Loan Agreement (Strategic Storage Trust VI, Inc.), Syndicated Term Loan Agreement (Strategic Storage Trust VI, Inc.)

Change in Tax Laws. (a) If, by the laws of the United States of America, or of any state or municipality having jurisdiction over the AgentLender, the Borrower or the Mortgaged Property, any tax is imposed or becomes due in respect of the Notes Note or this Mortgage the Security Instrument (excluding income, excise or franchise taxes imposed upon the AgentLender, except as provided in paragraph (c) belowlevied against the income of Lender as a complete or partial substitute for Taxes to be paid by Borrower hereunder), or any liens on the Mortgaged Property created thereby, then the Borrower shall pay such tax in the manner required by such law.

Appears in 2 contracts

Samples: Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.)

Change in Tax Laws. (a) If, by the laws of the United States of America, or of any state or municipality having jurisdiction over the AgentAdministrative Agent or any Bank, the Borrower or the Mortgaged Property, any tax is imposed or becomes due in respect of the Notes Note or this Mortgage the Security Instrument (excluding income, excise or franchise taxes imposed upon the Agenta Bank, except as provided in paragraph (c) belowlevied against the income of a Bank as a complete or partial substitute for Taxes to be paid by Borrower hereunder), or any liens on the Mortgaged Property created thereby, then the Borrower shall pay such tax in the manner required by such law.

Appears in 1 contract

Samples: Syndicated Term Loan Agreement (Strategic Storage Trust IV, Inc.)

Change in Tax Laws. (a) If, by the laws of the United States of America, or of any state or municipality having jurisdiction over the AgentLender, the Borrower or the Mortgaged Property, any tax is imposed or becomes due in respect of the Notes Note or this Mortgage the Security Instrument (excluding income, excise or franchise taxes imposed upon the Agent, except as provided in paragraph (c) below)Lender, or any liens on the Mortgaged Property created thereby, then the Borrower shall pay such tax in the manner required by such law.

Appears in 1 contract

Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)

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Change in Tax Laws. (a) If, by the laws of the United States of America, or of any state or municipality having jurisdiction over the AgentAdministrative Agent or any Bank, the Borrower or the Mortgaged Property, any tax is imposed or becomes due in respect of the Notes Note or this Mortgage the Security Instrument (excluding income, excise or franchise taxes imposed upon the Agenta Bank, except as provided in paragraph (c) belowlevied against the income of a Bank as a complete or partial substitute for Taxes to be paid by Borrower hereunder), or any liens on the Mortgaged Property created thereby, then the Borrower shall pay such tax in the manner required by such law.

Appears in 1 contract

Samples: Syndicated Term Loan Agreement (Strategic Storage Trust VI, Inc.)

Change in Tax Laws. (a) If, by the laws of the United States of America, or of any state or municipality having jurisdiction over the AgentLender, the Borrower or the Mortgaged Property, any tax is imposed or becomes due in respect of the Notes Note or this Mortgage (excluding income, excise or franchise taxes imposed upon the AgentSecurity Instrument, except as provided in paragraph (c) below)Excluded Taxes, or any liens on the Mortgaged Property created thereby, then the Borrower shall pay such tax in the manner required by such law.

Appears in 1 contract

Samples: Construction Loan Agreement (Sentio Healthcare Properties Inc)

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