Common use of No Joint Assessment; Separate Lots Clause in Contracts

No Joint Assessment; Separate Lots. Borrower has not suffered, permitted or initiated the joint assessment of the Mortgaged Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property as a single lien. The Mortgaged Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 21 contracts

Samples: Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Digital Realty Trust, Inc.)

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No Joint Assessment; Separate Lots. No Borrower or Operating Lessee has not sufferedor shall suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged any applicable Individual Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged any Individual Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged any Individual Property as a single lien. The Mortgaged Each Individual Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 16 contracts

Samples: Loan Agreement, Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

No Joint Assessment; Separate Lots. No Borrower has not sufferedor shall suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged any applicable Individual Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged any Individual Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged any Individual Property as a single lien. The Mortgaged Each Individual Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 3 contracts

Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

No Joint Assessment; Separate Lots. Borrower has not suffered, permitted or initiated the joint assessment of the any Mortgaged Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the such Mortgaged Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the such Mortgaged Property as a single lien. The Each Mortgaged Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 2 contracts

Samples: Credit Agreement (Nacco Industries Inc), Credit Agreement (NMHG Holding Co)

No Joint Assessment; Separate Lots. Borrower has not suffered, permitted or initiated the joint assessment of the Mortgaged Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property as a single lien. The Mortgaged Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 2 contracts

Samples: Loan Agreement (Gramercy Capital Corp), Loan Agreement (American Financial Realty Trust)

No Joint Assessment; Separate Lots. Borrower has not sufferedand shall not suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged Property any Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property such Facility which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property such Facility as a single lien. The Mortgaged Property Each Facility is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 2 contracts

Samples: Loan Agreement (Alternative Living Services Inc), Loan Agreement (Alternative Living Services Inc)

No Joint Assessment; Separate Lots. Borrower has not sufferedand shall not suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property as a single lien. The Mortgaged Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Loan Agreement (Digital Realty Trust, Inc.)

No Joint Assessment; Separate Lots. Borrower has not suffered, permitted or initiated the joint assessment of all or any portion of the Mortgaged Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property as a single lien. The Mortgaged Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Loan Agreement (Ocwen Asset Investment Corp)

No Joint Assessment; Separate Lots. Borrower has not sufferedand shall not suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged Property its Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property such Facility which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property its Facility as a single lien. The Mortgaged Property Borrower's Facility is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Loan Agreement (Continental Health Affiliates Inc)

No Joint Assessment; Separate Lots. Borrower has not sufferedand shall not suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged Property Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property Facility which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property Facility as a single lienLien. The Mortgaged Property Facility is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Loan Agreement (Burnham Pacific Properties Inc)

No Joint Assessment; Separate Lots. Borrower has not sufferedand shall not suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged Property any Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property such Facility which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property such Facility as a single lienLien. The Mortgaged Property Each Facility is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Loan Agreement (Burnham Pacific Properties Inc)

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No Joint Assessment; Separate Lots. Borrower has not sufferedand shall not suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged Property Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property Facility which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property Facility as a single lien. The Mortgaged Property Facility is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Loan Agreement (Mark Centers Trust)

No Joint Assessment; Separate Lots. Mortgage Borrower has not sufferedand shall not suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged any applicable Individual Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged any Individual Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged any Individual Property as a single lien. The Mortgaged Each Individual Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

No Joint Assessment; Separate Lots. Borrower has not suffered, permitted or initiated the joint assessment of the Mortgaged Subject Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Subject Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such other real property or personal property shall be assessed or levied or charged to the Mortgaged Subject Property as a single lienLien. The Mortgaged Subject Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Loan Agreement (Echelon International Corp)

No Joint Assessment; Separate Lots. Borrower has shall not sufferedsuffer, permitted permit or initiated initiate the joint assessment of the Mortgaged any Individual Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Individual Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Individual Property as a single lien. The Mortgaged Each Individual Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Loan Agreement (Forum Group Inc)

No Joint Assessment; Separate Lots. Borrower has not sufferedand shall not suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged Property Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property Facility which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property Facility as a single lien. The Mortgaged Property Facility is comprised of one or more parcelsParcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Loan Agreement (Hallwood Realty Partners L P)

No Joint Assessment; Separate Lots. Neither Borrower nor Operating Lessee has not sufferedor shall suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property as a single lien. The Mortgaged Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Trust Inc)

No Joint Assessment; Separate Lots. Borrower has not sufferedand shall not suffer, permitted permit or initiated initiate the joint assessment of the Mortgaged Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property as a single lien. The Mortgaged Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

Appears in 1 contract

Samples: Trust and Security Agreement (Arden Realty Inc)

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