Proration: Taxes Sample Clauses

Proration: Taxes. At Closing, pro-rations of income and expense and the apportionment of taxes shall be as follows:
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Proration: Taxes. The property is currently tax-exempt, so there are no property taxes that need to be prorated among the Parties.
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Proration: Taxes. At Closing, prorations of income and expense ---------------- and the apportionment of taxes shall be apportioned between Seller and Purchaser as of the Date of Closing on the basis that Seller owns the Property on the Date of Closing, the following items. The prorations and credits shall be applied to the cash due at Closing:
Sample 1
Proration: Taxes. The Seller and the Purchaser agree that all ad valorem, property or other taxes based on the value of the Assets shall be divided and prorated between the Seller and the Purchaser based on the period of ownership or occupancy of the Seller up to and including the Closing Date and of the Purchaser for any period of time thereafter for which such charges have been prepaid by the Seller. The Seller and the Purchaser shall each pay one-half of any transfer and/or sales taxes, tax certificates and/or fees payable to taxing or assessing authorities of the State of Maryland or the United States or any other applicable authority as a result of the sale, transfer, conveyance and assignment of the Assets hereby.
Sample 1
Proration: Taxes. The Property has been exempt from ad valorem taxes while owned by Seller. Accordingly, there shall be no proration for real estate taxes, personal property taxes, or special liens or assessments made at Closing or thereafter. Promptly following Closing, Purchaser shall take all necessary actions to identify the Land as an independent tax parcel with its own property appraiser's tax parcel identification number separate and apart from the remainder of the Parent Tract.
Sample 1

Related to Proration: Taxes

  • Income Taxes Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * EXHIBIT G-2 FORM OF TRANSFEROR CERTIFICATE __________ , 20__ Residential Funding Mortgage Securities I, Inc. 8400 Normandale Xxxx Xxxxxxxxx Xxxxx 000 Xxxxxxxxxxx, Xxxxxxxxx 00000 [Trustee] Attention: Residential Funding Corporation Series _______ Re: Mortgage Pass-Through Certificates, Series ________, Class R[-__] Ladies and Gentlemen: This letter is delivered to you in connection with the transfer by _____________________ (the "Seller") to _____________________(the "Purchaser") of $______________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series ________, Class R[-__] (the "Certificates"), pursuant to Section 5.02 of the Series Supplement, dated as of ________________, to the Standard Terms of Pooling and Servicing Agreement dated as of ________________ (together, the "Pooling and Servicing Agreement") among Residential Funding Mortgage Securities I, Inc., as seller (the "Company"), Residential Funding Corporation, as master servicer, and __________, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:

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