PRORATIONS, TAXES AND ASSESSMENTS Sample Clauses

PRORATIONS, TAXES AND ASSESSMENTS. SELLER shall pay when due all real property taxes, (whether ad valorem or non-ad valorem) as well as all pending, certified, confirmed and ratified special assessment liens levied against the Premises through the expiration date of the Lease. Upon the expiration of the Lease, SELLER shall pay all real property taxes, (whether ad valorem or non-ad valorem) accrued with respect to the Premises in accordance with Florida Statute 196.295.
Sample 1
AutoNDA by SimpleDocs
PRORATIONS, TAXES AND ASSESSMENTS. After Closing and any Deferred Closing, Seller shall continue to pay when due all real and personal property taxes (whether ad valorem or non-ad valorem and including, without limitation, taxes and fees levied by the South Florida Water Management District) as well as all pending, certified, confirmed and ratified special assessment liens levied against the Property together with all other expenses of the Property through the Proration Date, following Termination of the Reservation, in accordance with Paragraph 5.3 above. Taxes shall be prorated based on the tax for the year of Termination of Reservations (except for the Sugar Mill Parcel which shall be the year of completion of Remediation for the Sugar Mill Parcel) with due allowance made for exemptions (if any). If the assessment for the year of Termination of Reservations (or in the case of the Sugar Mill Parcel, the year in which Remediation of the Sugar Mill Parcel is completed) is not available, then taxes will be prorated on the prior year's tax. Any tax proration based on an estimate shall be subsequently readjusted at the request of either party upon receipt of a tax bill.
Sample 1Sample 2
PRORATIONS, TAXES AND ASSESSMENTS. All nondelinquent taxes and assessments on the Property shall be prorated as of the Close of Escrow based on the latest real estate tax assessment value then available and shall be reconciled following the closing upon receipt of the tax bill applicable for the period in which the Closing occurs. All prorations shall be made in accordance with customary practice in the County, except as expressly provided in this Agreement. Such prorations, if and to the extent known and agreed upon as of the Close of Escrow, shall be paid by Buyer to Seller (if the prorations result in a net credit to Seller) or by Seller to Buyer (if the prorations result in a net credit to Buyer) by increasing or reducing the cash to be paid by Buyer at the Close of Escrow. Any such prorations not determined or not agreed upon as of the Close of Escrow shall be paid by Buyer to Seller, or by Seller to Buyer, as the case may be, in cash or Cash Equivalent as soon as practicable following the Close of Escrow. For purposes of calculating prorations, Seller shall be deemed to be in title to the Property, and therefore entitled to the income and responsible for the expenses, for the entire day of the Close of Escrow.
Sample 1
PRORATIONS, TAXES AND ASSESSMENTS. Sellers and Purchaser agree that, as of the Closing Date, the Purchase Price will be adjusted by an amount that takes into account at least the following prorations (the “Prorations”):
Sample 1
PRORATIONS, TAXES AND ASSESSMENTS. Talisman shall be responsible for the payment of all rents associated with the Talisman Leases and all real and personal property taxes (whether ad valorem or non-ad valorem and including, without limitation, taxes and fees levied by the District) as well as all pending, certified, confirmed and ratified special assessment liens levied against the Talisman Property and the Talisman Additional Lands, together with all other expenses related to the Talisman Property and the Talisman Additional Lands, through the date of Closing or a Deferred Closing, as the case may be, for such Talisman Property and the Talisman Additional Lands ("Proration Date"). Taxes shall be paid by Talisman pursuant to Florida Statutes ss.196.295, if applicable; otherwise taxes shall be prorated based on the tax for -38- 49 the year of Closing or a Deferred Closing, as the case may be, for such Talisman Property and the Talisman Additional Lands with due allowance made for exemptions (if any). If the assessment for the year of Closing or a Deferred Closing, as applicable, is not available, then taxes will be prorated on the prior year's tax. Any tax proration based on an estimate or the prior year's tax shall be subsequently readjusted at the request of either the Transferor or the District upon receipt of a tax bill. Xxe rents payable under the Talisman Leases shall be prorated at time of Closing or any Deferred Closing, as applicable. The provisions of this Section shall survive the Closing and any Deferred Closing.
Sample 1

Related to PRORATIONS, TAXES AND ASSESSMENTS

  • Taxes and Assessments As of the date of origination and, to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, all taxes, governmental assessments and other outstanding governmental charges (including, without limitation, water and sewage charges) due with respect to the Mortgaged Property (excluding any related personal property) securing a Mortgage Loan that is or could become a lien on the related Mortgaged Property that became due and owing prior to the Cut-off Date with respect to each related Mortgaged Property have been paid, or, if the appropriate amount of such taxes or charges is being appealed or is otherwise in dispute, the unpaid taxes or charges are covered by an escrow of funds or other security sufficient to pay such tax or charge and reasonably estimated interest and penalties, if any, thereon. For purposes of this representation and warranty, any such taxes, assessments and other charges shall not be considered due and payable until the date on which interest and/or penalties would be payable thereon.

  • Real Estate Taxes and Assessments Xxxxx is aware that all property is subject to the possibility of reassessment which may result in increased real estate taxes.

  • Payment of Taxes and Assessments The lessee shall pay prior to delinquency all taxes and assessments accruing against the leasehold.

  • Ad Valorem Taxes Prior to delinquency, Tenant shall pay all taxes and assessments levied upon trade fixtures, alterations, additions, improvements, inventories and personal property located and/or installed on or in the Premises by, or on behalf of, Tenant; and if requested by Landlord, Tenant shall promptly deliver to Landlord copies of receipts for payment of all such taxes and assessments. To the extent any such taxes are not separately assessed or billed to Tenant, Tenant shall pay the amount thereof as invoiced by Landlord.

  • Real Property Taxes Taxes, assessments and charges now or hereafter levied or assessed upon, or with respect to, the Project, or any personal property of Landlord used in the operation thereof or located therein, or Landlord's interest in the Project or such personal property, by any federal, state or local entity, including: (i) all real property taxes and general and special assessments; (ii) charges, fees or assessments for transit, housing, day care, open space, art, police, fire or other governmental services or benefits to the Project, including assessments, taxes, fees, levies and charges imposed by governmental agencies for such purposes as street, sidewalk, road, utility construction and maintenance, refuse removal and for other governmental services; (iii) service payments in lieu of taxes; (iv) any tax, fee or excise on the use or occupancy of any part of the Project, or on rent for space in the Project; (v) any other tax, fee or excise, however described, that may be levied or assessed as a substitute for, or as an addition to, in whole or in part, any other Real Property Taxes; and (vi) reasonable consultants' and attorneys' fees and expenses incurred in connection with proceedings to contest, determine or reduce Real Property Taxes. Real Property Taxes do not include: (A) franchise, transfer, inheritance or capital stock taxes, or income taxes measured by the net income of Landlord from all sources, unless any such taxes are levied or assessed against Landlord as a substitute for, in whole or in part, any Real Property Tax; (B) Impositions and all similar amounts payable by tenants of the Project under their leases; and (C) penalties, fines, interest or charges due for late payment of Real Property Taxes by Landlord. If any Real Property Taxes are payable, or may at the option of the taxpayer be paid, in installments, such Real Property Taxes shall, together with any interest that would otherwise be payable with such installment, be deemed to have been paid in installments, amortized over the maximum time period allowed by applicable law. If the tax statement from a taxing authority does not allocate Real Property Taxes to the Building, Landlord shall make the determination of the proper allocation of such Real Property Taxes based, to the extent possible, upon records of the taxing authority and, if not so available, then on an equitable basis. Real Property Taxes also do not include any increases in the taxes, assessments, charges, excises and levies assessed against the Project due solely to the construction or installation of tenant improvements or other alterations by tenants of the Project other than Tenant and any other tenants or occupants of the Building; provided, however, that if any Real Property Taxes are imposed or increased due to the construction or installation of tenant improvements or other alterations in the Building, such Real Property Taxes shall be equitably prorated in Landlord's reasonable judgment between Tenant and any other tenants of the Building.

  • Property Taxes Landlord shall pay, prior to delinquency, all general real estate taxes and installments of special assessments coming due during the Lease term on the Leased Premises, and all personal property taxes with respect to Landlord's personal property, if any, on the Leased Premises. Tenant shall be responsible for paying all personal property taxes with respect to Tenant's personal property at the Leased Premises.

Time is Money Join Law Insider Premium to draft better contracts faster.