Common use of REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS Clause in Contracts

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. (a) Because the Property is subject to a triple net lease (as further set forth in Section 11(a)(i), the parties acknowledge that there shall be no need for a real estate tax proration. However, Seller warrants that all real estate taxes and installments of special assessments due and payable in all years prior to the year ofClosing have been paid in full. Unpaid real estate taxes and unpaid levied and pending special assessments existing on the date of Closing shall be the responsibility ofBuyer, pro-rated, however, to the date of closing for the period prior to closing. Taxes and special assessments prior to closing shall be the responsibility of Seller, if Tenant shall not pay the same. Buyer shall likewise pay all taxes due and payable in the year after Closing and any unpaid installments of special assessments payable therewith and thereafter, if such unpaid levied and pending special assessments and real estate taxes are not paid by any tenant of the Property. (b) All incomeand all operating expenses from the Property shall be prorated between the parties and adjusted by them as of the date of Closing. Seller shall be entitled to all income earnedand shall be responsible for all expenses incurred prior to the date of Closing, and Buyer shall be entitled to all income earned and shall be responsible for all operating expensesof the Property incurred on and after the date of closing.

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. (aA) Because the Property is subject to a triple net lease (as further set forth in Section 11(a)(iparagraph 11(A)(1)), the parties acknowledge that there shall be no need for a real estate tax proration. However, Seller warrants that all real estate taxes and installments of special assessments due and payable in all years prior to the year ofClosing of Closing have been paid in full. Unpaid real estate taxes and unpaid levied and pending special assessments existing on the date of Closing shall be the responsibility ofBuyerof Buyer, pro-rated, however, to the date of closing for the period prior to closing. Taxes and special assessments prior to closing , which shall be the responsibility of Seller, Seller if Tenant shall not pay the same. Buyer shall likewise pay all taxes due and payable in the year after Closing and any unpaid installments of special assessments payable therewith and thereafter, if such unpaid levied and pending special assessments and real estate taxes are not paid by any tenant of the Property. (bB) All incomeand income and all operating expenses from the Property Property, if any, shall be prorated between the parties and adjusted by them as of the date of Closing. Seller shall be entitled to all income earnedand earned, and shall be responsible for all expenses incurred incurred, prior to the date of Closing, and . Buyer shall be entitled to all income earned and shall be responsible for all operating expensesof expenses of the Property incurred on and after the date of closing.

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. (a) Because the Property is subject to a triple net lease (as further set forth in Section paragraph 11(a)(i), the parties acknowledge that there shall be no need for a real estate tax proration. However, Seller warrants that all real estate taxes and installments of special assessments due and payable in all years prior to the year ofClosing of Closing have been paid in full. Unpaid real estate taxes and unpaid levied and pending special assessments existing on the date of Closing shall be the responsibility ofBuyerof Buyer, pro-rated, however, to the date of closing for the period prior to closing. Taxes and special assessments prior to closing shall be the responsibility of Seller, if Tenant shall not pay the same. Buyer shall likewise pay all taxes due and payable in the year after Closing and any unpaid installments of special assessments payable therewith and thereafter, if such unpaid levied and pending special assessments and real estate taxes are not paid by any tenant of the Property. (b) All incomeand income and all operating expenses from the Property shall be prorated between the parties and adjusted by them as of the date of Closing. Seller shall be entitled to all income earnedand earned and shall be responsible for all expenses incurred prior to the date of Closing, and Buyer shall be entitled to all income earned and shall be responsible for all operating expensesof expenses of the Property incurred on and after the date of closing.

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. (aA) Because the Property is subject to a triple net lease (as further set forth in Section 11(a)(iparagraph 1 l(a)(i), the parties acknowledge that there shall be no need for a real estate tax proration. However, Seller warrants that all real estate taxes and installments of special assessments due and payable in all years prior to the year ofClosing of Closing have been paid in full. Unpaid real estate taxes and unpaid levied and pending special assessments existing on the date of Closing shall be the responsibility ofBuyerof Buyer, pro-rated, however, to the date of closing for the period prior to closing. Taxes and special assessments prior to closing , which shall be the responsibility of Seller, Seller if Tenant shall not pay the same. Buyer shall likewise pay all taxes due and payable in the year after Closing and any unpaid installments of special assessments payable therewith and thereafter, if such unpaid levied and pending special assessments and real estate taxes are not paid by any tenant of the Property. (bB) All incomeand income and all operating expenses from the Property Property, if any, shall be prorated between the parties and adjusted by them as of the date of Closing. Seller shall be entitled to all income earnedand earned, and shall be responsible for all expenses incurred incurred, prior to the date of Closing, and . Buyer shall be entitled to all income earned and shall be responsible for all operating expensesof expenses of the Property incurred on and after the date of closing.

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. (aA) Because the Property is subject to a triple net lease (as further set forth in Section paragraph 11(a)(i), the parties acknowledge that there shall be no need for a real estate tax proration. However, Seller warrants that all real estate taxes and installments of special assessments due and payable in all years prior to the year ofClosing of Closing have been paid in full. Unpaid real estate taxes and unpaid levied and pending special assessments existing on the date of Closing shall be the responsibility ofBuyerof Buyer, pro-rated, however, to the date of closing for the period prior to closing. Taxes and special assessments prior to closing , which shall be the responsibility of Seller, Seller if Tenant shall not pay the same. Buyer shall likewise pay all taxes due and payable in the year after Closing and any unpaid installments of special assessments payable therewith and thereafter, if such unpaid levied and pending special assessments and real estate taxes are not paid by any tenant of the Property. (bB) All incomeand income and all operating expenses from the Property Property, if any, shall be prorated between the parties and adjusted by them as of the date of Closing. Seller shall be entitled to all income earnedand earned, and shall be responsible for all expenses incurred incurred, prior to the date of Closing, and . Buyer shall be entitled to all income earned and shall be responsible for all operating expensesof expenses of the Property incurred on and after the date of closing.

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. (aA) Because the Property is subject to a triple net lease (as further set forth in Section 11(a)(i), the parties acknowledge that there shall be no need for a real estate tax proration. However, Seller warrants that all real estate taxes and installments of special assessments due and payable in all years prior to the year ofClosing of Closing have been paid in full. Unpaid real estate taxes and unpaid levied and pending special assessments existing on the date of Closing shall be the responsibility ofBuyerof Buyer, pro-rated, however, to the date of closing for the period prior to closing. Taxes and special assessments prior to closing , which shall be the responsibility of Seller, if Tenant shall not pay the same. Buyer shall likewise pay all taxes due and payable in the year after Closing and any unpaid installments of special assessments payable therewith and thereafter, if such unpaid levied and pending special assessments and real estate taxes are not paid by any tenant of the Property. (bB) All incomeand income and all operating expenses from the Property Property, if any, shall be prorated between the parties and adjusted by them as of the date of Closing. Seller shall be entitled to all income earnedand earned, and shall be responsible for all expenses incurred incurred, prior to the date of Closing, and . Buyer shall be entitled to all income earned and shall be responsible for all operating expensesof expenses of the Property incurred on and after the date of closing.