Common use of Reservation of Rights to Contest Clause in Contracts

Reservation of Rights to Contest. Notwithstanding anything to the contrary contained in this Agreement, Sellers reserve the right to meet with governmental officials and to contest any reassessment or assessment of the Property or any portion thereof and to attempt to obtain a refund for any taxes previously paid or to obtain a reduction of any assessment applicable to the period prior to Closing. In connection with any refund received by Purchaser or Sellers applicable to a fiscal tax year in which Closing occurs, Sellers shall retain all rights with respect to any refund of taxes applicable to any period prior to the Closing Date.

Appears in 2 contracts

Samples: Real Estate Sale Agreement, Real Estate Sale Agreement (Equity Commonwealth)

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Reservation of Rights to Contest. Notwithstanding anything to the contrary contained in this Agreement, Sellers reserve Seller reserves the right to meet with governmental officials and to contest any reassessment or assessment of the Property or any portion thereof and to attempt to obtain a refund for any taxes previously paid or related to obtain a reduction of any assessment applicable tax year concluded prior to the period prior to Closing. In connection with any refund received by Purchaser or Sellers applicable to a fiscal tax year in which the Closing occurs, Sellers . Seller shall retain all rights with respect to any refund of taxes applicable to any period concluded prior to the tax year in which the Closing DateDate occurs.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Mack Cali Realty L P)

Reservation of Rights to Contest. Notwithstanding anything to the contrary contained in this Agreement, Sellers reserve Seller reserves the right to meet with governmental officials and to contest any reassessment or assessment of the Property or any portion thereof and to attempt to obtain a refund for any taxes previously paid or to obtain a reduction of any assessment applicable to the period prior to Closingpaid. In connection with any refund received by Purchaser or Sellers applicable to a fiscal tax year in which Closing occurs, Sellers Seller shall retain all rights with respect to any refund of taxes applicable to any period prior to the Closing Date. The provisions of this Section 4.5 shall survive Closing.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Hines Real Estate Investment Trust Inc)

Reservation of Rights to Contest. Notwithstanding anything to the contrary contained in this Agreement, Sellers reserve Seller reserves the right to meet with governmental officials and to contest any reassessment or assessment of the Property or any portion thereof and to attempt to obtain a refund for any taxes previously paid or to obtain a reduction of any assessment applicable for periods prior to the Closing Date; provided, however, that Seller shall not settle any such proceeding which could reasonably be expected to impact taxes owing for any period from and after the Closing without Purchaser’s prior to Closingwritten consent, which consent shall not be unreasonably withheld or delayed. In connection with any refund received by Purchaser or Sellers applicable to a fiscal tax year in which Closing occurs, Sellers Seller shall retain all rights with respect to any refund of taxes applicable solely to any period prior to the Closing Date.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Equity Commonwealth)

Reservation of Rights to Contest. Notwithstanding anything to the contrary contained in this Agreement, Sellers reserve Seller reserves the right to meet with governmental officials and to contest all or any part of any reassessment or assessment of the Property or any portion thereof and to attempt to obtain a refund for any taxes previously paid or to obtain a reduction of any assessment applicable to the period prior to Closingpaid. In connection with any refund received by Purchaser or Sellers applicable to a fiscal tax year in which Closing occurs, Sellers Seller shall retain all rights with respect to any refund of taxes applicable to any period prior to before the Closing Date, subject to any rights any tenants may have in such refund under the Leases.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Dividend Capital Total Realty Trust Inc.)

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Reservation of Rights to Contest. Notwithstanding anything to the contrary contained in this Agreement, Sellers reserve Seller reserves the right to meet with governmental officials and to contest any reassessment or assessment of the Property or any portion thereof and to attempt to obtain a refund for any taxes previously paid or to obtain a reduction of any assessment applicable to the period prior to Closingpaid. In connection with any refund received by Purchaser or Sellers applicable to a fiscal tax year in which Closing occurs, Sellers Seller shall retain all rights with respect to any refund of taxes applicable to any period prior to the Closing Date.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Bedford Property Investors Inc/Md)

Reservation of Rights to Contest. Notwithstanding anything to the contrary contained in this Agreement, Sellers reserve Seller reserves the right to meet with governmental officials and to contest any reassessment governing or affecting Seller's obligations under Section 4.3 above, and the right to contest any assessment of the Property or any portion thereof and to attempt to obtain a refund for any taxes previously paid or to obtain a reduction of any assessment applicable to the period prior to Closingpaid. In connection with any refund received by Purchaser or Sellers applicable to a fiscal tax year in which Closing occurs, Sellers Seller shall retain all rights with respect to any refund of taxes applicable to any period prior to the Closing Date.

Appears in 1 contract

Samples: Real Estate Sale Agreement (First Capital Income Properties LTD Series Xi)

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