No Joint Assessment; Separate Lots. Operator has not permitted ---------------------------------- or initiated the joint assessment of the Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of 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 the Facility as a single lien. 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.
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Samples: Mezzanine Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)
No Joint Assessment; Separate Lots. Operator Borrower has not permitted and ---------------------------------- shall not suffer, permit or initiated initiate the joint assessment of the any Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the 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 such Facility as a single lien. The 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 (G&l Realty Corp)
No Joint Assessment; Separate Lots. Operator has not permitted ---------------------------------- or initiated the joint assessment of the Facility (i) with any other real property constituting a separate tax lot, and (ii) with any portion of 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 the Facility as a single lien. 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
