Common use of No Joint Assessment Clause in Contracts

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

Appears in 7 contracts

Samples: Mezzanine B Loan Agreement (KBS Real Estate Investment Trust, Inc.), Mezzanine E Loan Agreement (KBS Real Estate Investment Trust, Inc.), Mezzanine D Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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