No Credits on Account of the Debt. The Mortgagor will not claim or demand or be entitled to any credit or credits on account of the Debt for any part of the Taxes assessed against the Mortgaged Property or any part thereof and no deduction shall otherwise be made or claimed from the taxable value of the Mortgaged Property, or any part thereof, by reason of this Mortgage or the Debt.
Appears in 3 contracts
Samples: Open Ended Mortgage, Security Agreement and Assignment of Leases and Rents (Igi Inc), Open Ended Mortgage, Security Agreement and Assignment of Leases and Rents (Igi Inc), Open Ended Mortgage, Security Agreement and Assignment of Leases and Rents (Igi Inc)
No Credits on Account of the Debt. The Mortgagor will not claim or demand or be entitled to any credit or credits on account of the Debt for any part of the Taxes taxes assessed against the Mortgaged Property or any part thereof and no deduction shall otherwise be made or claimed from the taxable value of the Mortgaged Property, or any part thereof, by reason of this Mortgage or the Debt.
Appears in 3 contracts
Samples: Term Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust), Purchase and Sale Agreement (New York Times Co)
No Credits on Account of the Debt. The Mortgagor will not claim or demand or be entitled to any credit or credits on account of the Debt indebtedness secured by this Mortgage for any part of the Taxes Impositions assessed against the Mortgaged Property or any part thereof and no deduction shall otherwise be made or claimed from the taxable value of the Mortgaged Property, or any part thereof, by reason of this Mortgage or the Debtindebtedness secured by this Mortgage.
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