Real Property and Personal Property Taxes. All real property taxes assessed against the Property which are due and payable have been paid in full, except as shown on the public records.
Real Property and Personal Property Taxes. Notwithstanding any provision in this Agreement to the contrary, real property taxes subject to Section 164(d) of the Code, if any, imposed with respect to the Real Property of the Company or any Subsidiary shall be allocated between Buyer and Seller in accordance with Section 164(d) of the Code.
Real Property and Personal Property Taxes. All Real Property Taxes, Personal Property Taxes, and similar obligations (“Property Taxes”) on the Interests (i) for periods before the Effective Date are Sellers’ obligation and (ii) for periods on and after the Effective Date are Buyer’s obligation. If Property Taxes for the current year have not been assessed and paid as of the Closing Date, the Buyer shall file all required reports and returns incident to the Property Taxes and pay the Property Taxes for the current tax year and subsequent periods. The Sellers will reimburse the Buyer promptly for the Sellers' proportionate share of these taxes, prorated as of the Effective Date, upon receipt of evidence of the Buyer’s payment of the taxes. If Property Taxes for the current tax year have been assessed and paid as of the Closing Date, the Buyer will reimburse the Seller for its proportionate share of these taxes, prorated as of the Effective Date, as a closing adjustment to the Sale Price, as provided in Section 2.2 of this Agreement.
Real Property and Personal Property Taxes. LESSEE shall be solely responsible for and shall pay all personal property taxes assessed by the Town of Greenwich or other taxing authority on any personal property owned, operated or maintained by LESSEE on the Premises. LESSEE shall also pay a proportionate share of any real estate taxes imposed on the Premises. LESSEE’s proportionate share of such real estate taxes shall be a percentage of the total taxes wherein the numerator is one (1) and the denominator is the total number of major wireless carriers (including LESSEE) using the Tower. LESSEE shall have the right to contest, in good faith, the validity or the amount of any tax or assessment levied against Premises and/or Lessee’s Facilities by such appellate or other proceedings as may be appropriate in the jurisdiction, and may defer payment of such obligations, pay same under protest, or take such other steps as LESSEE may deem appropriate. This right shall include the ability to institute any legal, regulatory or informal action in the name of LESSOR, LESSEE, or both, with respect to the valuation of the Lessee’s Facilities on the Property. LESSOR shall cooperate in the institution and prosecution of any such proceedings and will execute any documents required therefore. The expense of any such proceedings shall be borne by LESSEE and any refunds or rebates secured as a result of LESSEE's action shall belong to LESSEE.
Real Property and Personal Property Taxes. Any ad valorem or similar taxes for the Property, including real and personal property taxes, will be allocated as follows:
5.4.4.1 Tax Bills Subject to Proration. The only taxes subject to proration are those billed within 12 months before the Closing Date. Taxes billed more than 12 months before the Closing Date are Seller's responsibility and not subject to proration. Taxes billed on or after Closing Date are Purchaser's responsibility and not subject to proration. Taxes are deemed billed as of the date the tax xxxx is mailed by the applicable local governmental unit, which the parties acknowledge is normally on or about July 1 and December 1 in Michigan.
Real Property and Personal Property Taxes. Any ad valorem or similar taxes for the Property, including real and personal property taxes, will be allocated as follows:
Real Property and Personal Property Taxes. A. Payment by Landlord. Landlord shall pay all taxes, assessments, license fees and other charges that are levied and assessed against the Property.
Real Property and Personal Property Taxes. Anything in Section 6.4.1 to the contrary notwithstanding, real property taxes (Parcel ID 02345-16-018-018) and personal property taxes (Parcel ID 236413001) shall be re-prorated based on actual bills for calendar year 2011 (regardless of when the actual amounts of such taxes are due and payable) by comparing the amount of such bills against the accrual for real estate taxes and personal property taxes by Manager for calendar year 2011 and any difference shall be adjusted between Seller and Buyer based on the number of days in 2011 that each was the owner of the Property. If such difference is positive, (i.e., such actual taxes were higher than the accrual) Seller shall pay its share of such excess (the number of Seller’s days of ownership divided by 365 multiplied by such difference) to Buyer and if the difference is negative, (i.e., such actual taxes were lower than the accrual) Buyer shall pay such savings to Seller based on the number of Seller’s days of ownership divided by 365 multiplied by such difference. Any such re-proration shall be completed and paid within thirty (30) days after the such amounts are able to be calculated.
Real Property and Personal Property Taxes. All ad valorem taxes, real property taxes, personal property taxes and similar tax obligations (the "Property Taxes") with respect to the Interests for the tax period in which the Effective Time occurs shall be apportioned, based on the Effective Time, between Sellers and Buyer and, if already paid by Sellers, an appropriate increase in the Purchase Price shall be made pursuant to Section 2.4. If such Property Taxes are not already paid, but the tax liability is known or can be reasonably estimated, an appropriate decrease in the Purchase Price shall be made pursuant to Section 2.4. Buyer shall pay or cause to be paid to the taxing authorities all Property Taxes not already paid relating to the tax period in which the Effective Time occurs and if appropriate adjustments pursuant to Section 2.4 were not made to the Purchase Price at Closing, appropriate adjustments with respect to such shall be made in connection with the Post Closing.
Real Property and Personal Property Taxes
