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 paragraph 10(a)(i)), the parties acknowledge that there shall be no need for a real estate tax proration or operating expenses proration. (b) All rental amounts due under a certain Lease Agreement dated December 29, 1990 between Seller as Landlord and Buyer as Tenant and covering the Property (the "Lease") shall be prorated between the parties and adjusted by them as of 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 paragraph 10(a)(i)), the parties acknowledge that there shall be no need for a real estate tax proration or operating expenses proration. (b) All rental amounts due under a certain Lease Agreement dated December 29July 31, 1990 1991 between Seller as Landlord and Buyer as Tenant and covering the Property (the "Lease") shall be prorated between the parties and adjusted by them as of 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 paragraph 10(a)(i)), the parties acknowledge that there shall be no need for a real estate tax proration or operating expenses proration. (b) All rental amounts due under a certain Lease Agreement dated December 29November 14, 1990 1988 between Seller as Landlord and Buyer as Tenant and covering the Property (the "Lease") shall be prorated between the parties and adjusted by them as of the date of Closing.