Common use of No Tax Xxxx Clause in Contracts

No Tax Xxxx. If, on the Closing Date, bills for the real estate taxes imposed upon the related Premises for the tax year in which closing occurs have been issued but shall not have been paid, the prorations shall be made on the basis thereof. If such bills shall not have been issued on the date of closing, the amount of the taxes shall be reasonably ascertained by the related Seller based upon the then current assessment and anticipated tax rate, and the prorations shall be made on the basis of such estimate, and, in the event the taxes for the year in which the closing occurs are more or less than such estimated amount, the related Seller or Buyer shall promptly pay the amount necessary to adjust for the correct proration as soon as the actual tax amount becomes available.

No Tax Xxxx. If, on the Closing Date, bills for the real estate taxes imposed upon the related Premises Property for the tax year in which closing Closing occurs have been issued but shall not have been paid, the prorations shall be made on the basis thereof. If such bills shall not have been issued on the date of closingClosing, the amount of the taxes shall be reasonably ascertained by the related Seller based upon the then current assessment and anticipated tax rate, and the prorations shall be made on the basis of such estimate, and, estimate and in the event the taxes for the year in which the closing Closing occurs are more or less than such estimated amount, the related Seller or Buyer Purchaser shall promptly pay the amount necessary to adjust for the correct proration as soon as the actual tax amount becomes available.

No Tax Xxxx. If, on the date Closing Dateoccurs, bills for the real estate taxes imposed upon the related Premises Property for the tax year in which closing occurs have been issued but shall have not have been paid, the prorations shall be made on the basis thereof. If such bills shall not have been issued on the date of closingClosing occurs, the amount of the taxes shall be reasonably and mutually ascertained by the related Seller and Purchaser based upon the then current assessment and anticipated tax rate, and the prorations shall be made on the basis of such estimate, and, estimate and in the event the taxes for the year in which the closing Closing occurs are more or less than such estimated amount, the related Seller or Buyer Purchaser shall promptly pay the amount necessary to adjust for the correct proration as soon as the actual tax amount becomes available.

No Tax Xxxx. If, on the Closing Date, bills for the real estate taxes imposed upon the related Premises Property for the tax year in which closing occurs have been issued but shall not have been paid, the prorations shall be made on the basis thereof. If such bills shall not have been issued on the date of closingClosing, the amount of the taxes shall be reasonably ascertained by the related Seller and Purchaser based upon the then current assessment and anticipated tax rate, and the prorations shall be made on the basis of such estimate, and, estimate and in the event the taxes for the year in which the closing occurs are more or less than such estimated amount, the related Seller or Buyer Purchaser shall promptly pay the amount necessary to adjust for the correct proration as soon as the actual tax amount becomes available. The provisions of this Section 10(i) shall survive the Close of Escrow.