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

No Joint Assessment; Separate Lots. No Property is jointly assessed (i) with any other real property constituting a separate tax lot, or (ii) with any portion of any Property that may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes that may be levied against such personal property shall be assessed or levied or charged to any Property as a single lien. Each 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 4 contracts

Samples: Loan Agreement (GTJ REIT, Inc.), Loan Agreement (GTJ REIT, Inc.), Loan Agreement (GTJ REIT, Inc.)

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No Joint Assessment; Separate Lots. No Borrower has not suffered, permitted or initiated the joint assessment of the Property is jointly assessed (i) with any other real property constituting a separate tax lot, or and (ii) with any portion of any the Property that which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes that which may be levied against such personal property shall be assessed or levied or charged to any the Property as a single lien. Each 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 2 contracts

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

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No Joint Assessment; Separate Lots. No Property is jointly assessed (i) with any other real property constituting a separate tax lot, or (ii) with any portion of any Property that may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes that may be levied against such personal property shall be assessed or levied or charged to any Property as a single lien. Each 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 not a part of such Property.

Appears in 1 contract

Samples: Loan Agreement (Plymouth Industrial REIT Inc.)

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