Real Estate Taxes Assessments. ABAG and BAHA are each governmental entities and are not subject to real property taxes. In the event there are any assessments which attach to governmentally owned real property, such assessments shall be prorated and adjusted between BAHA and ABAG as of the Closing Date so that (1) with respect to the Unit, BAHA shall pay, or give ABAG credit for, any such assessments that accrued on or prior to the Closing Date and ABAG shall pay, or assume, any such assessments that accrue after the Closing Date, and (2) with respect to the ABAG Unit, ABAG shall pay, or give BAHA credit for, any such assessments that accrued on or prior to the Closing Date and BAHA shall pay, or assume, any such assessments that accrue after the Closing Date. The obligations of ABAG and BAHA set forth in this Section 8.1 shall survive the Closing.
Real Estate Taxes Assessments. The property is not presently on the ad valorem tax rolls because Stillwater is a tax-exempt entity under Oklahoma law. Any ad valorem or other real, personal, or business property taxes accruing after transfer of title shall be the sole responsibility of Aggie development. The property is located within the boundaries of the Stillwater Business Improvement & Special Services District #1 (BID #1). Stillwater has paid the general assessment for the current fiscal year that expires on October 30, 2010. Aggie Development shall be liable for any general assessments after said date or any special assessments levied by BID #1 after transfer of title under this Contract.
Real Estate Taxes Assessments. In addition to all rentals herein reserved, Tenant shall pay to Landlord all real estate taxes and assessments levied against the parcel upon which the demised premises is located. Tenant shall pay to Landlord said taxes and assessments in installments as provided for in Paragraph 14 herein, “Common Area Expenses.”
Real Estate Taxes Assessments. Landlord shall pay all taxes, assessments (both general and special), or governmental charges lawfully levied or assessed on the Premises. Tenant shall not be required to pay any taxes, assessments or other governmental charges levied or assessed against the Premises or the Project.
Real Estate Taxes Assessments. Lessor shall pay all Real Estate Taxes and special assessments levied against the Premises throughout the term of this Lease. However, Lessee shall reimburse Lessor for its proportionate share of such real estate taxes pursuant to Section 1.7 herein. Additionally, Lessee shall reimburse Lessor for its proportionate share of such special assessments pursuant to Section 1.7 herein. In the event the Premises are not separately assessed Lessee’s share shall be an equitable proportion of the real property taxes or assessments for all of the land and improvements included within the tax parcel assessed, such proportion to be determined by Lessor from the respective valuations assigned in the Assessor’s worksheets or such other information as is reasonably available to the Lessor. In addition, any cost associated with a successful tax appeal resulting in a lower than assessed value for the property shall be paid by the Lessee on a pro-rata basis. Lessor’s determination thereof shall be conclusive. Real Estate Taxes shall exclude:
a. Franchise, gift, transfer, excise, capital stock, estate succession or inheritance taxes;
b. Personal property taxes payable by Lessor on its property;
c. Penalties or interest for late payment of Real Estate Taxes, whereas due to late payment by Lessee
d. Income taxes relating to the income and gain of the Lessor which are not in the nature of ad valorem real estate taxes. Tenant shall be entitled to inspect and copy original bills for any costs which are imposed under this Section.
Real Estate Taxes Assessments. WATER RATES, SEWER RENTS, ARREARS
Real Estate Taxes Assessments. Real estate taxes due and payable in the year of closing shall be prorated between Seller and Buyer on a calendar year basis to the actual date of closing unless otherwise provided in this Purchase Agreement. Real estate taxes, including penalties, interest, and any associated fees, payable in the years prior to closing shall be paid by Seller. Buyer and Seller shall prorate, as of the date of closing, all installments of
Real Estate Taxes Assessments. Buyer and Seller are each governmental entities and are not subject to real property taxes. In the event there are any assessments which attach to governmentally owned real property, such assessments shall be prorated and adjusted between Seller and Buyer as of the Closing Date so that Seller shall pay, or give Buyer credit for, any such assessments that accrued on or prior to the Closing Date and Buyer shall pay, or assume, any such assessments that accrue after the Closing Date. The obligations of Buyer and Seller set forth in this Section 8(a) shall survive the Closing.
Real Estate Taxes Assessments. Lessor shall pay all real estate taxes and special assessments levied against the Premises throughout the Term of this Lease. However, Lessee shall reimburse Lessor for Lessee's Proportionate Share of such real estate taxes pursuant to Paragraph 1.8 herein. Additionally, Lessee shall reimburse Lessor for Lessee's Proportionate Share of such special assessments pursuant to Paragraph 1.8 herein. In the event the Premises are not separately assessed Lessee's Proportionate Share shall be an equitable proportion of the real property taxes or assessments for all of the land and improvements included within the tax parcel assessed, such proportion to be determined by Lessor from the respective valuations assigned in the Assessor's worksheets or such other information as is reasonably available to the Lessor. In addition, any cost associated with a successful tax appeal resulting in a lower than assessed value for the Building and the Land shall be paid by the Lessee on a pro-rata basis.
Real Estate Taxes Assessments. Article II, Section 2.3 Real Estate Taxes and Assessments of the Lease is hereby amended by:
(a) the deletion of the following sentence from Section 2.3: ''Tenant shall also pay directly to the International Business Park Association, Inc. annual and special assessments as they become due, which are currently $95.00 per acre per year, due and payable quarterly.''
(b) the addition of the following sentence to the end of Section 2.3: ''Landlord will pay all annual and special assessments associated with the Premises assessed by the International Business Park Association, Inc. Tenant shall reimburse the Landlord within thirty (30) days of Landlord 's invoicing of Tenant for such annual and special assessments paid by Landlord. In the event the Tenant fails to reimburse the Landlord on or before the due date provided for in the preceding sentence, Landlord shall also be entitled to interest on the unreimbursed amount at the Wall Street Journal prime rate plus 5% per annum until such reimbursement is received by the Landlord."
(c) the addition of the following sentence to the end of Section 2.3: ''If Tenant fails to pay any such taxes or assessments when due, then, Tenant will be responsible for and will pay to Landlord, upon demand, all fines, penalties, interest and costs that may be added thereto by or otherwise payable to the taxing authority for the non-payment or late payment thereof. In addition, if Tenant fails to pay any such taxes or assessments on or before the date required herein, then Landlord has the option, but not the obligation, to pay such taxes to the taxing authority, provided, however, that Landlord will have no obligation to pay such taxes to the taxing authority and will not be liable to Tenant or any other person or entity for any failure to do so. Neither Landlord 's payment of such taxes to the taxing authority nor its failure to do so will relieve Tenant of its obligation to pay the amount of such taxes (together with interest payable hereunder and fines, penalties, interest, and costs paid to the taxing authority) or shall constitute a waiver of Landlord's right to exercise any of its rights or remedies provided herein for Tenant's default in failing to pay such taxes when due if that failure continues beyond the period for notice and cure as hereafter set forth. In the event the Tenant fails to reimburse the Landlord, upon demand, for any taxes or assessments paid by the Landlord on behalf of the Tenant, Landlord shall also be ent...
