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

No Joint Assessment; Separate Lots. Without the prior written approval of the Administrative Agent, which approval may be granted, withheld, conditioned or delayed in its sole discretion, the Borrowers shall not suffer, permit or initiate, and shall not permit any of their Subsidiaries to, suffer, permit or 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 any 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, to the knowledge of the Borrowers, constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

No Joint Assessment; Separate Lots. Without the prior written approval of the Administrative Agent, which approval may be granted, withheld, conditioned or delayed in its sole discretion, the Borrowers no Loan Party shall not suffer, permit or initiate, and shall not permit any of their Subsidiaries to, suffer, permit or initiate, initiate the joint assessment of the any Mortgaged Property (i) with any other real property constituting a separate tax lot (other than another Mortgaged Property) and (ii) with any portion of the any 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 any such personal property shall be assessed or levied or charged to the any Mortgaged Property as a single lien. The Loan Parties represent and warrant that each Mortgaged Property is comprised of one or more parcels, each of which, to the knowledge of the BorrowersLoan Parties, constitutes a separate tax lot (except with respect to any lot constituting another Mortgaged Property) and none of which constitutes a portion of any other tax lot.

No Joint Assessment; Separate Lots. Without the prior written approval of the Administrative Agent, which approval may be granted, withheld, conditioned or delayed in its sole discretion, the Borrowers Loan Parties shall not suffer, permit or initiate, and shall not permit any of their respective Subsidiaries to, to suffer, permit or initiate, the joint assessment of the Mortgaged any Property (i) with any other real property constituting a separate tax lot (other than another Property) and (ii) with any portion of the Mortgaged any Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any Taxes which may be levied against any such personal property shall be assessed or levied or charged to the Mortgaged any Property as a single lien. The Mortgaged Each Property is comprised of one or more parcels, each of which, to the knowledge of the BorrowersBorrower, constitutes a separate tax lot (except with respect to any lot constituting another Property) and none of which constitutes a portion of any other tax lot.