Real Estate Taxes and Other Charges. (a) Subject to the provisions of subsection (b) of this Section 8.06, the Borrower shall pay all Real Estate Taxes and Other Charges now or hereafter levied or assessed or imposed against each Project or any part thereof before fine, penalty, interest or cost attaches thereto. Subject to the provisions of subsection (b) of this Section 8.06, upon the request of the Administrative Agent, the Borrower shall furnish to the Administrative Agent receipts for, or other evidence reasonably satisfactory to the Administrative Agent of, the payment of Real Estate Taxes and Other Charges in compliance with this Section 8.06.
Real Estate Taxes and Other Charges. (a) Subject to the provisions of subsection (b) of this Section 8.06, and the last sentence of this subsection (a), the Borrower shall pay all Real Estate Taxes and Other Charges now or hereafter levied or assessed or imposed against each Project or any part thereof before fine, penalty, interest or cost attaches thereto. Subject to the provisions of subsection (b) of this Section 8.06, upon the request of the Administrative Agent, the Borrower shall furnish to the Administrative Agent receipts for, or other evidence reasonably satisfactory to the Administrative Agent of, the payment of Real Estate Taxes and Other Charges in compliance with this Section 8.06.
Real Estate Taxes and Other Charges. 3.1. (a) For the purpose of this Article:
Real Estate Taxes and Other Charges. Subject to the provisions of subsection (b) of this Section 9.06 and Section 9.14, Borrower shall pay all Real Estate Taxes and Other Charges now or hereafter levied or assessed or imposed against the Project or any part thereof before fine, penalty, interest or cost attaches thereto. Subject to the provisions of subsection (b) of this Section 9.06, Borrower shall furnish to Administrative Agent receipts for the payment of Real Estate Taxes and Other Charges prior to the date the same shall become delinquent; provided, however, that Borrower is not required to furnish such receipts for payment of Real Estate Taxes if Administrative Agent is paying the same pursuant to the reserves established under Section 9.14. After prior written notice to Administrative Agent, Borrower, at its own expense, may contest by appropriate legal proceeding, promptly initiated and conducted in good faith and with due diligence, the amount or validity or application in whole or in part of any Real Estate Taxes and Other Charges, provided that: (i) no Default and no Event of Default exists; (ii) Borrower shall pay the Real Estate Taxes and Other Charges under protest unless such proceeding shall suspend the collection of the Real Estate Taxes and Other Charges; (iii) such proceeding shall be permitted under and be conducted in accordance with the provisions of any other instrument to which Borrower or the Project is subject and shall not constitute a default thereunder; (iv) such proceeding shall be conducted in accordance with all applicable statutes, laws and ordinances; (v) neither the Project nor any part thereof or interest therein will, in the reasonable opinion of Administrative Agent, be in danger of being sold, forfeited, terminated, cancelled or lost during the pendency of the proceeding; (vi) Borrower shall have furnished such security as may be required in the proceeding, or as may be reasonably requested by Administrative Agent (but in no event less than [110%] of the Real Estate Taxes or Other Charges being contested), to insure the payment of any such Real Estate Taxes and Other Charges, together with all interest and penalties thereon; and (vii) Borrower shall promptly upon final determination thereof pay the amount of such Real Estate Taxes or Other Charges, together with all costs, interest and penalties.
Real Estate Taxes and Other Charges. Xxxxxxxxx hereby covenants and agrees that any and all real estate taxes and governmental charges of general applicability that may at any time be lawfully and finally assessed with respect to the Redevelopment Project and any portion of the Subject Property which they own or control shall be timely paid before becoming delinquent. For the time period that Xxxxxxxxx will be receiving the economic incentive prescribed in this Agreement, the parties agree that any challenge or appeal of the assessed valuation and governmental charges related to and assessed for the purpose of property tax requires a notice to the City and the City’s consent and approval for such challenge or appeal. City shall not unreasonably withhold such consent and approval.
Real Estate Taxes and Other Charges. (a) Subject to the provisions of Section 9.6(b) of this Section 9.6 and Section 9.12, Borrower shall pay all Real Estate Taxes and Other Charges now or hereafter levied or assessed or imposed against the Project or any part thereof before fine, penalty, interest or cost attaches thereto. Subject to the provisions of Section 9.6(b) of this Section 9.6, Borrower shall furnish to Administrative Agent receipts for the payment of Real Estate Taxes and Other Charges prior to the date the same shall become delinquent; provided, however, that Borrower is not required to furnish such receipts for payment of Real Estate Taxes if Administrative Agent is paying the same pursuant to the reserves established under Section 9.12.
Real Estate Taxes and Other Charges. Real estate taxes, utilities, including but not limited to water charges, sewer, rents and fuel, and all other customary items shall be adjusted, apportioned and allowed of the Closing Date, if necessary by an estimated tax xxxx, with the Closing Date being a day of income and expense to the Purchaser. If at any time up to the Closing Date, the Purchased Assets or any part thereof shall be or shall have been affected by an assessment or assessments for municipal improvements whether or not confirmed or completed an whether or not payable in installments, then for purpose of this Agreement, the proportional share of all of the unpaid installments of any such assessment(s), which are to become due and payable after the delivery of the Deed contemplated hereunder, shall be paid proportionally by Seller and Purchaser. Installments allocable to period prior to the Closing and unpaid as of the Closing Date shall be paid by the Seller or allowed as a reduction in the Purchase Price.
Real Estate Taxes and Other Charges. 5.1 Lessee agrees to pay all real estate taxes and governmental assessments levied or imposed in connection with the Demised Premises (or, in the event that such real estate taxes and/or governmental assessments are levied or imposed in connection with the Industrial Park as a whole, then Lessee shall pay its proportionate share of the same) during the term of this Lease and any renewal or extension thereof. For the purposes of this Article, the term "real estate taxes" shall include all real estate taxes, assessments, water and sewer charges, sales and/or rent taxes, special assessments, other governmental impositions and charges of every kind and nature whatsoever, extraordinary as well as ordinary, foreseen and unforeseen, and each and every installment thereof which shall or may, during the Lease term, be levied, assessed, imposed, become due and payable, or lions upon, or arising in connection with, the use, occupancy or possession of or grow due or payable out of, or for the Demised Premises or any part thereof, and all costs incurred by Lessor in contesting, litigating or negotiating the same with the governmental authority. Lessee shall not protest real estate taxes to any public taxing authority without (i) at least ten (10) days prior written notice to Lessor and (ii) providing adequate security of payment to Lessor.
Real Estate Taxes and Other Charges. (a) Subject to the provisions of subsection (b) of this Section 8.06, and the last sentence of this subsection (a), the Borrower shall pay all Real Estate Taxes and Other Charges now or hereafter levied or assessed or imposed against each Project or any part thereof before fine, penalty, interest or cost attaches thereto. Subject to the provisions of subsection (b) of this Section 8.06, upon the request of the Administrative Agent, the Borrower shall furnish to the Administrative Agent receipts for, or other evidence reasonably satisfactory to the Administrative Agent of, the payment of Real Estate Taxes and Other Charges in compliance with this Section 8.06. Without limiting the foregoing as it relates to the Projects or any portion of the Trillium Project other than the Ground Leased Property, solely as to the LP Borrower and the Ground Leased Property (and not any other portion of the Trillium Project), subject to the provisions of subsection (b) of this Section 8.06, the LP Borrower’s obligations hereunder with respect to the Ground Leased Property shall be to pay all Real Estate Taxes and Other Charges (but, in the case of Other Charges, only to the extent such Other Charges could become a lien on the Ground Leased Property senior in priority to the lien of the Deed of Trust) now or hereafter levied or assessed or imposed against the Ground Leased Property or any part thereof before any fine, penalty, interest or cost attaches thereto if and to the extent, the Ground Lessee shall not have timely paid such Real Estate Taxes and Other Charges in accordance with the terms of the Ground Lease.
Real Estate Taxes and Other Charges. Thorntons hereby covenants and agrees that any and all real estate taxes and governmental charges of general applicability that may at any time be lawfully and finally assessed with respect to the Redevelopment Project and any portion of the Subject Property which they own or control shall be timely paid before becoming delinquent. For the time period that Thorntons will be receiving the economic incentive prescribed in this Agreement, the parties agree that any challenge or appeal of the assessed valuation and governmental charges related to and assessed for the purpose of property tax requires a notice to the City and the City’s consent and approval for such challenge or appeal. City shall not unreasonably withhold such consent and approval.
