Real Property Taxes; Special Assessments. There are no unpaid or outstanding real estate or other taxes or assessments on or against the Project or any part thereof which are payable by the Borrower (except only real estate taxes not yet due and payable). The Borrower has delivered to the Agent true and correct copies of real estate tax bills for the Project for the past fiscal tax year. No abatement proceedings are pending with reference to any real estate taxes assessed against the Project. There are no betterment assessments or other special assessments presently pending with respect to any part of the Project, and the Borrower has received no notice of any such special assessment being contemplated.
Appears in 2 contracts
Samples: Construction Loan Agreement (Walden Residential Properties Inc), Construction Loan Agreement (Walden Residential Properties Inc)
Real Property Taxes; Special Assessments. There are no unpaid or outstanding real estate or other taxes or assessments assessments on or against the Project or any part thereof which are payable by the Borrower (except only real estate taxes not yet due and payable). The Borrower has delivered to the Agent Lender true and correct copies of real estate tax bills for the Project for the past fiscal tax year. No abatement proceedings are pending with reference to any real estate taxes assessed against the Project. There are no betterment assessments or other special assessments presently pending with respect to any part of the Project, and the Borrower has received no notice of any such special assessment being contemplated.
Appears in 2 contracts
Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)
Real Property Taxes; Special Assessments. There are no unpaid or ---------------------------------------- outstanding real estate or other taxes or assessments on or against the Project Property or any part thereof which are payable by the Borrower (except only real estate taxes not yet due and payable). The Borrower has delivered to the Agent Lender true and correct copies of real estate tax bills for the Project Property for the past fiscal tax year. No abatement proceedings are pending with reference to any real estate taxes assessed against the ProjectProperty. There are no betterment assessments or other special assessments presently pending with respect to any part of the ProjectProperty, and the Borrower has received no notice of any such special assessment being contemplated.
Appears in 1 contract
Samples: Loan Agreement (Jameson Inns Inc)
Real Property Taxes; Special Assessments. There are no unpaid or outstanding real estate or other taxes or assessments on or against the Project or any part thereof which are payable by the Borrower (except only real estate taxes not yet due and payable). The Borrower has delivered to the Agent Lender true and correct copies of real estate tax bills for the Project for the past fiscal tax year. No abatement proceedings are pending with reference to any real estate taxes assessed against the Project. There are no betterment assessments or other special assessments presently pending with respect to any part of the Project, and the Borrower has received no notice of any such special assessment being contemplated.
Appears in 1 contract
Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)
Real Property Taxes; Special Assessments. There are no unpaid or outstanding real estate or other taxes or assessments on or against the Project Property or any part thereof which are payable by the Borrower (except only real estate taxes not yet due and payable). The Borrower has delivered to the Agent Lender true and correct copies of real estate tax bills for the Project Property for the past fiscal tax year. No abatement proceedings are pending with reference to any real estate taxes assessed against the ProjectProperty. There are no betterment assessments or other special assessments presently pending with respect to any part of the ProjectProperty, and the Borrower has received no notice of any such special assessment being contemplated.
Appears in 1 contract
Samples: Loan Agreement (Ebs Building LLC)
Real Property Taxes; Special Assessments. There are no unpaid or outstanding real estate or other taxes or assessments on or against the any Eligible Project or any part thereof which are payable by the Borrower (except only real estate taxes not yet due and payable). The Borrower has delivered to the Agent true and correct copies of real estate tax bills for the each Eligible Project for the past fiscal tax year. No abatement proceedings are pending with reference to any real estate taxes assessed against the ProjectReal Property. There are no betterment assessments or other special assessments presently pending with respect to any part of the any Eligible Project, and the Borrower has received no notice of any such special assessment being contemplated.
Appears in 1 contract
Samples: Loan and Security Agreement (Silverleaf Resorts Inc)