Common use of Post-Closing Supplemental Taxes Clause in Contracts

Post-Closing Supplemental Taxes. If, after the Closing Date, any additional or supplemental real estate taxes are assessed against the Real Property by reason of back assessments, corrections of previous tax bills or other events occurring before the Closing Date, Seller and Purchaser shall reprorate the real estate taxes during reconciliation under Section 9.5 to provide the appropriate credit to Purchaser.

Appears in 2 contracts

Samples: Hotel Purchase and Sale Agreement (Apple Hospitality Two Inc), Hotel Purchase and Sale Agreement (Apple Hospitality Five Inc)

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Post-Closing Supplemental Taxes. If, after the Closing Date, any additional or supplemental real estate taxes are assessed against the Real Property by reason of back assessments, corrections of previous tax bills or other events (including, without limitation, imposition of any special assessments) occurring before the Closing Date, Seller and Purchaser shall reprorate re-prorate the real estate taxes during reconciliation under Section 9.5 to provide within thirty (30) days after the appropriate credit to Purchaserfinal determination thereof, but in no event later than at the Final Closing Adjustment.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Mack Cali Realty Corp), Purchase and Sale Agreement (Mack Cali Realty Corp)

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Post-Closing Supplemental Taxes. If, after the Closing Date, any additional or supplemental real estate taxes are assessed against the Real Property by reason of back assessments, corrections of previous tax bills or other events occurring before the Closing Date, Seller and Purchaser shall reprorate the real estate taxes during reconciliation under at the Final Closing Adjustment using the method set forth in Section 9.5 to provide the appropriate credit to Purchaser5.3(a).

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Costar Group Inc), Purchase and Sale Agreement (Costar Group Inc)

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