Common use of Current Year's Taxes Clause in Contracts

Current Year's Taxes. All Real Property taxes which have become a lien on the Property (“Taxes”) and which are due and payable prior to the year in which Closing occurs, shall be paid by Seller at or prior to Closing. All Taxes which are due and payable in the year in which Closing occurs shall be prorated to the Closing Date and Seller's portion shall be paid by Seller at Closing or Buyer shall reimburse Seller for prepaid amounts at Closing. This proration shall result in Seller's payment of Taxes from January 1 to the date immediately prior to the Closing Date and Buyer's payment of Taxes from the Date of Closing to December 31.

Current Year's Taxes. All Real Property real property taxes which have become a lien on the Property (“Taxes”) and which are due and payable prior to the year in which Closing occurs, shall be paid by Seller at or prior to Closing. All Taxes which are due and payable in the year in which Closing occurs shall be prorated to the Closing Date Date. Seller has already paid the entire amount of taxes due and Seller's portion payable in 2023 so if this sale closes in 2023, Seller shall be paid by Seller at Closing or Buyer shall reimburse Seller for prepaid amounts receive a credit at Closing. This The proration shall result in Seller's ’s payment of Taxes from January 1 to the date immediately prior to the Closing Date and Buyer's Xxxxx’s payment of Taxes from the Date of Closing to December 31, irrespective of whether the taxes for the year in which they are due and payable have already been paid.