Property Assessments. The Real Property is assessed for purposes of Property Assessments as a separate and distinct parcel from any other property, such that the Real Property shall never become subject to the Lien of any Property Assessments levied or assessed against any property other than the Real Property.
Property Assessments. The fee portion of the Real Property is assessed for purposes of Property Assessments as a separate and distinct parcel from any other property, such that such fee portion of the Real Property is not subject to the Lien of any Property Assessments levied or assessed against any property other than the Real Property.
Property Assessments. The parties agree that the public improvements that the City installed and levied for to facilitate the Xxxxxx Parkway Redevelopment Project are essential to the successful completion of the Minimum Improvements. The Developer has requested to assume the payment of the balance of the Property Assessments levied on the Development Property and the City has agreed to the assumption of the Property Assessments. The remaining balance of the Property Assessments and corresponding repayment schedule are set forth in Exhibit D. The Developer shall pay the cost of the Property Assessments. The City shall reimburse the Developer, the Property Assessments, as provided in Section 3.5 hereof.
Property Assessments. Unless otherwise disclosed to Beneficiary, the Real Property that is owned by Grantor is assessed for purposes of Property Assessments as a separate and distinct parcel from any other property, and, with respect to Real Property owned by Grantor, the Real Property constitutes a legally subdivided lot under all Legal Requirement (or, if not subdivided, no subdivision or platting of the Real Property is required under Legal Requirement). Exhibit D – Form of Mortgage
Property Assessments. The entirety of the Real Property is currently subject to a payment in lieu of taxes (“PILOT”) arrangement providing for the payment of certain amounts thereunder in lieu of Property Assessments related to real estate taxes that would otherwise be due and payable with respect thereto and no other real property is subject to such PILOT arrangement. Upon the expiration of such PILOT arrangement, the Real Property shall represent property that is and will be assessed for purposes of Property Assessments as a separate and distinct parcel from any other property, such that the Real Property shall never become subject to the Lien of any Property Assessments levied or assessed against any property other than the Real Property.
Property Assessments. 5. All taxes assessed against the property by the Manatee County Tax Appraiser's office shall be paid by Sub-Lessor on or before the due date of such taxes. These include, but are not limited to, all assessments by City, County, School, and/or Special Districts.
Property Assessments. 42 8.6 Federal Tax Lien.............................................. 42 8.7 FF&E.......................................................... 42 8.8 Insurance..................................................... 42 8.9
Property Assessments. Borrower fails to pay within twenty (20) days of notice and demand by Agent any installment of any assessment against any Property for local improvements heretofore or hereafter laid, which assessment is or may become payable in annual or periodic installments and is or may become a lien on such Property, notwithstanding the fact that such installment may not be due and payable at the time of such notice and demand.
Property Assessments. 5. All taxes assessed against the property by the Lake County Tax Appraiser's office shall be paid by Landlord on or before the due date of such taxes. These include, but are not limited to, all assessments by City, County, School, and/or Special Districts.
Property Assessments. One property assessment will be performed on an annual basis at a $75.00 charge. Included in the assessment will be a written narrative of the property’s condition as well as supporting pictures. If more than one assessment is performed, there will be a $75.00 charge per visit. INIT.
