Common use of CURRENT YEAR TAXES Clause in Contracts

CURRENT YEAR TAXES. There shall be no proration of real estate taxes due in the calendar year of Closing. Seller shall pay all installments of current taxes with a delinquency date prior to the date of Closing (which amounts are includable in Seller's Project Investment) and Buyer shall pay all installments with a delinquency date on or after the date of Closing.

Appears in 2 contracts

Samples: Option Agreement (Lundgren Bros Construction Inc), Option Agreement (Lundgren Bros Construction Inc)

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CURRENT YEAR TAXES. There shall be no proration of real estate taxes due in the calendar year of Closing. Seller shall pay all installments of current taxes with a delinquency date prior to the date of Closing (which amounts are includable in Seller's Project Investment) and Buyer shall pay all installments with a delinquency date on or after the date of Closing.

Appears in 1 contract

Samples: Marsh Pointe (Lundgren Bros Construction Inc)

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CURRENT YEAR TAXES. There shall be no proration of real estate taxes due in the calendar year of Closing. Seller shall pay all installments of current taxes with a delinquency date prior to the date of Closing (which amounts are includable in Seller's Project Investment) and Costs)and Buyer shall pay all installments with a delinquency date on or after the date of Closing.

Appears in 1 contract

Samples: Lundgren Bros Construction Inc

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