Common use of PRIVILEGE TAXES Clause in Contracts

PRIVILEGE TAXES. Seller represents, warrants and covenants to Buyer that all state and local transaction privilege, sales, excise, use or similar taxes relating to the development, sale or rental of the Property (including, without limitation any speculative builder tax, owner-builder tax, or construction contractor tax) have been paid and Seller shall pay any such taxes that may arise as a result of the sale of the Property to Buyer as and when due. Seller shall indemnify, hold harmless and defend the Indemnified Parties from any and all Claims relating to a breach of the preceding sentence. The provisions of this Section shall survive XXX.

Appears in 6 contracts

Samples: Purchase Agreement (AmREIT Monthly Income & Growth Fund IV LP), Purchase Agreement (Cole Credit Property Trust V, Inc.), Purchase Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)

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PRIVILEGE TAXES. Seller represents, warrants and covenants to Buyer that all state and local transaction privilege, sales, excise, use or similar taxes relating to the development, sale or rental of the each Property (including, without limitation any speculative builder tax, owner-builder tax, or construction contractor tax) have been paid and Seller shall pay any such taxes that may arise as a result of the sale of the any Property to Buyer as and when due. Seller shall indemnify, hold harmless and defend the Indemnified Parties from any and all Claims relating to a breach of the preceding sentence. The provisions of this Section shall survive XXX.

Appears in 3 contracts

Samples: Master Purchase Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Master Purchase Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Master Purchase Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.)

PRIVILEGE TAXES. Seller represents, warrants and covenants to Buyer that all state and local transaction privilege, sales, excise, use or similar taxes relating to the development, sale or rental of the each Property (including, without limitation any speculative builder tax, owner-builder tax, or construction contractor tax) accruing for any period prior to XXX have been paid and Seller shall pay any such taxes that may arise as a result of assessed on the sale of the any Property to Buyer as and when due. Seller shall indemnify, hold harmless and defend the Indemnified Parties from any and all Claims relating to a breach of the preceding sentence. The provisions of this Section shall survive XXX.

Appears in 1 contract

Samples: Master Purchase Agreement (Cole Credit Property Trust V, Inc.)

PRIVILEGE TAXES. Seller represents, warrants and covenants to Buyer Purchaser that all state and local transaction privilege, sales, excise, use or similar taxes relating to the development, sale or rental of the Property (including, without limitation limitation, any speculative builder tax, owner-builder tax, or construction contractor tax) have been paid and Seller shall pay any such taxes that may arise as a result of the sale of the Property to Buyer Purchaser as and when due. Seller shall indemnify, hold harmless and defend the Indemnified Parties from any and all Claims relating to a breach of the preceding sentence. The provisions of this Section shall survive XXXClosing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cole Credit Property Trust Iv, Inc.)

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PRIVILEGE TAXES. Seller represents, warrants and covenants to Buyer that all state and local transaction privilege, sales, excise, use or similar taxes relating to the development, sale or rental of the each Property (including, without limitation any speculative builder tax, owner-builder tax, or construction contractor tax) have been paid and Seller shall pay any such taxes that may arise as a result of the sale of the any Property to Buyer as and when due. Seller shall indemnify, hold harmless and defend the Indemnified Parties from any and all Claims relating to a breach of the preceding sentence. The provisions of this Section shall survive XXX. 39. Intentionally Deleted.

Appears in 1 contract

Samples: Master Purchase Agreement (Cole Credit Property Trust V, Inc.)

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