Common use of No Joint Assessment Clause in Contracts

No Joint Assessment. Borrower shall not, and shall not permit Mezzanine A Borrower to permit Mortgage Borrower to, suffer, permit or initiate the joint assessment of the Property with (a) any other real property constituting a tax lot separate from the Property, or (b) any portion of 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 the Property.

Appears in 2 contracts

Samples: Mezzanine B Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Mezzanine B Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

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No Joint Assessment. Except as set forth on Schedule XXI hereto, Borrower shall not, not (and shall not permit Mortgage Borrower or Mezzanine A Borrower to permit Mortgage Borrower to, ) suffer, permit or initiate the joint assessment of the any Individual Property with (a) any other real property constituting a tax lot separate from the applicable Individual Property, or (b) any portion of the applicable 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 the applicable Individual Property.

Appears in 2 contracts

Samples: Mezzanine B Loan Agreement (Northstar Realty Finance Corp.), Mezzanine B Loan Agreement (NorthStar Healthcare Income, Inc.)

No Joint Assessment. Borrower shall not, and shall not cause or permit Senior Mezzanine A Borrower to cause or permit Mortgage Borrower to, to suffer, permit or initiate the joint assessment of the real property comprising the Property with (a) any other real property constituting a tax lot separate from the Property, or (b) any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the lien Lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Propertysuch real property.

Appears in 2 contracts

Samples: Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

No Joint Assessment. Borrower shall not, and shall not cause or permit Senior Mezzanine A Borrower to cause or permit Mortgage Borrower to, to suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in any Condominium) the joint assessment of the real property comprising the Property with (a) any other real property constituting a tax lot separate from the Property, or (b) any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the lien Lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Propertysuch real property.

Appears in 1 contract

Samples: Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

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No Joint Assessment. Borrower shall not, and shall not cause or permit Senior Mezzanine A Borrower to cause or permit Mortgage Borrower to, to suffer, permit or initiate (other than as currently in effect with respect to the other respective Units in the Condominium) the joint assessment of the real property comprising the Property with (a) any other real property constituting a tax lot separate from the Property, or (b) any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the lien Lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Propertysuch real property.

Appears in 1 contract

Samples: Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

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