Common use of Real Property Taxes; Special Assessments Clause in Contracts

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 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)

AutoNDA by SimpleDocs

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 Lender 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 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)

AutoNDA by SimpleDocs

Real Property Taxes; Special Assessments. There are no unpaid or outstanding real estate or other taxes or assess­ments 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 Lender 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)

Time is Money Join Law Insider Premium to draft better contracts faster.