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

No Joint Assessment; Separate Lots. No Borrower or Operating Lessee has or shall suffer, permit or initiate the joint assessment of any applicable Individual Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of 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 any Individual Property as a single lien. 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)

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No Joint Assessment; Separate Lots. No Borrower or Operating Lessee has or shall suffer, permit or initiate the joint assessment of any applicable Individual Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of 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 any Individual Property as a single lien. 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. No Borrower has not suffered, permitted or Operating Lessee has or shall suffer, permit or initiate initiated the joint assessment of any applicable Individual Mortgaged Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of any Individual 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 any Individual such Mortgaged Property as a single lien. Each Individual 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. No Borrower or Operating Lessee has or not and shall not suffer, permit or initiate the joint assessment of any applicable Individual Property Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of any Individual 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 any Individual Property such Facility as a single lien. Each Individual 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 2 contracts

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

No Joint Assessment; Separate Lots. No Borrower or Operating Lessee has or not and shall not suffer, permit or initiate the joint assessment of any applicable Individual Property the Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of any Individual Property the 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 any Individual Property the Facility as a single lien. Each Individual Property The 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. No Borrower has not affirmatively permitted, or Operating Lessee has initiated, or shall suffer, permit or initiate to the Knowledge of Borrower suffered the joint assessment of any applicable Individual Mortgaged Property (ia) with any other real property constituting a separate tax lot, and (iib) with any portion of any Individual 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 any Individual such Mortgaged Property as a single lien. Each Individual 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 lotlot except as disclosed in the Title Policies.

Appears in 1 contract

Samples: Credit Agreement (Nevada Gold & Casinos Inc)

No Joint Assessment; Separate Lots. No Borrower or Operating Lessee has or not and shall not suffer, permit or initiate the joint assessment of any applicable Individual Property its Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of any Individual 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 any Individual Property its Facility as a single lien. Each Individual 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. No Borrower has not suffered, permitted or Operating Lessee has or shall suffer, permit or initiate initiated the joint assessment of any applicable Individual the Subject Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of any Individual the 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 any Individual the Subject Property as a single lienLien. Each Individual The 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. No Mortgage Borrower or Operating Lessee has or not and shall not suffer, permit or initiate the joint assessment of any applicable Individual Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of 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 any Individual Property as a single lien. 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)

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No Joint Assessment; Separate Lots. No Borrower or Operating Lessee has or not and shall not suffer, permit or initiate the joint assessment of any applicable Individual Property the Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of any Individual Property the 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 any Individual Property the Facility as a single lien. Each Individual Property The 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. No Borrower or Operating Lessee has or not and shall not suffer, permit or initiate the joint assessment of any applicable Individual Property Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of any Individual 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 any Individual Property such Facility as a single lienLien. Each Individual 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. No Borrower or Operating Lessee has or not and shall not suffer, permit or initiate the joint assessment of any applicable Individual the Mortgaged Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of any Individual 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 any Individual the Mortgaged Property as a single lien. Each Individual 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: Deed of Trust and Security Agreement (Arden Realty Inc)

No Joint Assessment; Separate Lots. No Neither Borrower or nor Operating Lessee has or shall suffer, permit or initiate the joint assessment of any applicable Individual the Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of any Individual the 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 any Individual the Property as a single lien. Each Individual The 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. No Borrower or Operating Lessee has or not and shall not suffer, permit or initiate the joint assessment of any applicable Individual Property the Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of any Individual Property the 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 any Individual Property the Facility as a single lienLien. Each Individual Property The 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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