PROPERTY ASSESSMENT. The Buyer and Seller hereby acknowledge that the Province of Ontario has implemented current value assessment and properties may be re-assessed on an annual basis. The Buyer and Seller agree that no claim will be made against the Buyer or Seller, or any Brokerage, Broker or Salesperson, for any changes in property tax as a result of a re-assessment of the property, save and except any property taxes that accrued prior to the completion of this transaction.
PROPERTY ASSESSMENT. The property may be re-evaluated on an annual basis. Buyer and Seller agree that change may take place and salespeople can not be held responsible for any changes.
PROPERTY ASSESSMENT. The Assignee and Assignor hereby acknowledge that the Province of Ontario has implemented current value assessment and properties may be re-assessed on an annual basis. The Assignee and Assignor agree that no claim will be made against the Assignee and Assignor, or any Brokerage, Broker or Salesperson, for any changes in property tax as a result of a re-assessment of the property, save and except any property taxes that accrued prior to the completion of this transaction.
PROPERTY ASSESSMENT. At any time after the Option Event but not later than September 30, 2027, Grantee shall have the right to enter upon the Property for the purpose of making an assessment of the condition of the Property and any environmental contamination that may be located on the Property (including sampling and drilling); provided that any such assessment shall be made in a manner so as to minimize interference with normal operations on the Property. GRANTEE SHALL INDEMNIFY, DEFEND AND HOLD HARMLESS GRANTOR OR THE SUBSEQUENT OWNER AGAINST ANY PERSONAL INJURY OR PROPERTY DAMAGE CAUSED BY GRANTEE OR ITS CONTRACTORS OR EMPLOYEES IN MAKING ANY SUCH ASSESSMENT, PROVIDED HOWEVER, IN NO EVENT SHALL GRANTEE HAVE LIABILITY TO ANYONE, INCLUDING GRANTOR OR SUBSEQUENT OWNER, FOR BUSINESS DISRUPTION, LOST PROFITS, DIMINUTION IN VALUE OR CONSEQUENTIAL DAMAGES ARISING FROM SUCH ENTRY OR ASSESSMENT.
PROPERTY ASSESSMENT. The property may be re-evaluated on an annual basis. Buyer and seller agree that change may take place and salespeople can not be held responsible for any changes.
PROPERTY ASSESSMENT a. The parties hereby acknowledge that every State has property valuations are done annually by the Valuer-General of the said State. The parties agree that no claim will be made against either party for any changes in property tax because of a re-assessment of the Property, save and except any property taxes that accrued prior to the Transfer Date.
PROPERTY ASSESSMENT. Buyer shall have the right to select and retain environmental and other consultants to examine and inspect the physical condition of the Property (including the
PROPERTY ASSESSMENT. Each of the Buyer and the Seller hereby acknowledges that the Property may be re- assessed retroactively for determining property taxes payable on the Property. Each of the Buyer and the Seller agree that no claim will be made against the other, or any brokerage, broker or salesperson, for any changes in the amount of the property tax as a result of a re-assessment of the Property, save and except for the amount of any property taxes that accrued prior to the Completion Date.
PROPERTY ASSESSMENT. The Buyer and Seller hereby acknowledge that the Province of Ontario has implemented current value assessment and properties may be re-assessed on an annual basis. The Buyer and Seller agree that no claim will be made against the Buyer or Seller, or any Brokerage, Broker or Salesperson, for any changes in property tax as a result of a re-assessment of the property, save and except any property taxes that accrued prior to the completion of this transaction. TIME LIMITS: Time shall in all respects be of the essence hereof provided that the time for doing or completing of any matter provided for herein may be extended or abridged by an agreement in writing signed by Xxxxxx and Buyer or by their respective lawyers who may be specifically authorized in that regard. TENDER: Any tender of documents or money hereunder may be made upon Seller or Buyer or their respective lawyers on the day set for completion. Money shall be tendered with funds drawn on a lawyer’s trust account in the form of a bank draft, certified cheque or wire transfer using the Large Value Transfer System.
PROPERTY ASSESSMENT. To the greatest extent permitted by law, all property located 284 in the Village on the Enactment Date shall be assessed and taxed as though it were located within 285 the Village as of January 1 in the year of the Enactment Date. Solely for purposes of illustration, 286 if the Enactment Date is January 15, 2025, then all property located in the Village shall be assessed 287 and taxed as though it were located within the Village on January 1, 2025, and 2025 Village taxes 288 (payable in 2026) shall be based on the Village’s mill rate calculated by including all property 289 located in the Village on the Enactment Date. Based on the Town and Village’s current tax levies 290 and assessed values, the parties expect the Village’s mill rate after the Enactment Date to be less 291 than $2.50. Upon completion of the Conditions Precedent, the Town assigns and transfers to the 292 Village, and the Village assumes, all revenues collected from real estate taxes, personal property 293 taxes, special assessments and charges, state and federal aids/grants, and all other revenues that 294 have been or will be collected by the Town, including all revenues that are generated as a result of 295 the Town Remnant. 296 297 13. Transfer of Issued/Non-Issued Town Liquor Licenses. Upon completion of the 298 Conditions Precedent, all “Class B” retail and reserve intoxicating liquor licenses that have been 299 granted by the Town as of the Enactment Date shall be deemed granted by the Village pursuant to 300 Wis. Stat. § 125.51(4). All (but no more than three) “Class B” reserve intoxicating liquor licenses 301 that are available to be granted by the Town as of the Enactment Date shall be deemed transferred 302 to the Village immediately before the Enactment Date pursuant to Wis. Stat. §§ 125.51(3)(e) and 303 125.51(4)(e). If this Agreement becomes void for any reason, then the Village shall return to the 304 Town all licenses transferred under this Section at no cost to the Town. 305
