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 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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No Joint Assessment; Separate Lots. No Suffer, permit or initiate the joint assessment of any Property is jointly assessed (i) with any other real property constituting a separate tax lot, or lot (other than another Property) and (ii) with any portion of any Property that which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes that Taxes which may be levied against any 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 1 contract

Samples: Credit Agreement (Capstar Hotel Co)

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