ROLLBACK TAXES. If this sale or Buyer’s use of the Property after closing results in the assessment of additional taxes, penalties or interest (Assessments) for periods prior to closing, the Assessments will be the obligation of Buyer. If Assessments are imposed because of Seller’s use or change in use of the Property prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing.
ROLLBACK TAXES. If additional taxes, penalties, or interest (Assessments) are imposed because of Seller’s use or change in use of the Property prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing.
ROLLBACK TAXES. If Seller changes the use of the Property before closing or if a denial of a special valuation on the Property claimed by Seller results in the assessment of additional taxes, penalties, or interest (assessments) for periods before closing, the assessments will be the obligation of Seller. If this sale or Buyer’s use of the Property after closing results in additional assessments for periods before closing, the assessments will be the obligation of Buyer. This Paragraph 13B survives closing.
ROLLBACK TAXES. If Builder’s change in use of the Property prior to Closing or denial of a special use valuation on the Property results in additional taxes, penalties or interest (Assessments) for periods prior to Closing the Assessments will be the obligation of Builder. If notice of any such Rollback Taxes are given in a Tax Certificate, said taxes shall be paid at or prior to the time of closing if Buyer is obtaining lender financing.
ROLLBACK TAXES. In the event the Property has been assessed for property tax purposes at such rates as could result in “roll back” taxes upon changes in land usage or ownership of the Property, Xxxxx agrees to pay all such taxes and indemnity and save Seller harmless from and against any and all claims and liabilities for such taxes.
ROLLBACK TAXES. If this sale or Buyer's use of the Property after closing results in the assessment of additional taxes, penalties or interest (Assessments) for periods prior to closing, the Assessments will be the obligation of Buyer. If Assessments are imposed because of Seller's use or change in use of the Property prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing. TXR 1607 Initialed for identification by Xxxxx and Seller TREC NO. 9-15 Contract Concerning LOT 00 XXXXXX XXXXXX XXXXXXX 0, XXXX XXXXXX, TX 77640 Page 6 of 10 11-08-2021
ROLLBACK TAXES. If Seller changes the use of the Property before Closing or if a denial of the special evaluation of the Property claimed by Seller results in the assessment of additional taxes, penalties, or interest for periods before Closing, the assessments will be the obligation of the Seller. This paragraph 17 shall survive the Closing.
ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in assessments after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus an penalties and interest shall be paid by Seller to Purchaser immediately upon receipt by Seller of a statement for the taxes, unless this box [ ] is checked in which case Purchaser shall pay the additional taxes plus any additional penalties and interest. This obligation shall survive the Closing.
ROLLBACK TAXES. If the Property has been the subject of special valuation and reduced tax assessments pursuant to any applicable laws of the State of Colorado with respect to periods before the closing, the parties agree that this sale or a change in use of the Property or denial of a special use valuation on the Property claimed by Purchaser after Closing may result in the assessment of additional taxes for periods prior to Closing, and further agree that the additional taxes plus any penalties and interest (“roll back taxes”) assessed against the Property after Closing will be paid by Seller. In the event the amount of any such roll back taxes is not able to be determined as of the date of Closing, Seller will escrow the estimated roll back taxes for payment when due pursuant to an escrow agreement mutually acceptable to Seller and Purchaser.
ROLLBACK TAXES. The Property is not subject to any roll-back or agricultural taxation or other tax abatement program. Any roll-back taxes payable in connection with the Seller's development of the Property have been paid in full.
