Common use of ROLLBACK TAXES Clause in Contracts

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.

Appears in 19 contracts

Samples: Farm and Ranch Contract, Unimproved Property Contract, Farm and Ranch Contract

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ROLLBACK TAXES. If this sale or Buyer’s use of the Property after closing results in the assessment of additional taxes, penalties or interest (the “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 closingclosing or denial of a special use valuation on the Property claimed by Seller results in Assessments for periods prior to Closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph Paragraph will survive closing.

Appears in 4 contracts

Samples: Sales Contract, Auction Sales Contract, Auction Sales Contract

ROLLBACK TAXES. If Seller changes the use of the Property before closing which results in the assessment of additional taxes, penalties, or interest (assessments) for periods before closing, the assessments will be the obligation of the Buyer. If this sale or Buyer’s Xxxxx's use of the Property after closing results in the assessment of additional taxes, penalties or interest (Assessments) assessments for periods prior to before closing, the Assessments 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 This Paragraph 13.B. survives closing.

Appears in 4 contracts

Samples: Auction Sale Purchase Contract, Auction Sale Purchase Contract, Auction Sale Purchase Contract

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 or denial of a special use valuation on the Property claimed by Seller results in Assessments for periods prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing.

Appears in 3 contracts

Samples: Unimproved Property Contract (Roi Land Investments LTD), Unimproved Property Contract (Mesa Builders Inc), Farm and Ranch Contract

ROLLBACK TAXES. If Seller changes the use of the Property before closing which results in the assessment of additional taxes, penalties, or interest (assessments) for periods before closing, the assessments will be the obligation of the Buyer. If this sale or Buyer’s 's use of the Property after closing results in the assessment of additional taxes, penalties or interest (Assessments) assessments for periods prior to before closing, the Assessments 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 This Paragraph 13.B. survives closing.

Appears in 3 contracts

Samples: Auction Purchase & Sale Agreement, Auction Sale Purchase Contract, Auction Sale Purchase Contract

ROLLBACK TAXES. If this sale or Buyer’s '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 '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.

Appears in 3 contracts

Samples: Unimproved Property Contract, Unimproved Property Contract, Unimproved Property Contract

ROLLBACK TAXES. If this sale or Buyer’s use of the Property after closing results in the assessment of additional taxes, penalties 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 or denial of a special use valuation on the Property claimed by Seller results in Assessments for periods prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing.

Appears in 3 contracts

Samples: Earnest Money Contract, Earnest Money Contract, Earnest Money Contract

ROLLBACK TAXES. If this sale or Buyer’s 's use of the Property after closing Closing results in the assessment of additional taxes, penalties penalties, or interest (the “Assessments) for periods prior to closingClosing, 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 closingClosing or denial of a special use valuation on the Property claimed by Seller results in the Assessments for periods prior to Closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closingClosing.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

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 BuyerB uyer. If Assessments A ssessments are imposed impos ed because of Seller’s use or change ch ange in use of the Property prior to t o closing, the Assessments will be the t he obligation of Seller. Obligations imposed by this paragraph will survive closing.

Appears in 2 contracts

Samples: Farm and Ranch Contract, Farm and Ranch Contract

ROLLBACK TAXES. If this sale or Buyer’s Xxxxx's use of the Property after closing Closing results in the assessment of additional taxes, penalties penalties, or interest (the “Assessments) for periods prior to closingClosing, 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 closingClosing or denial of a special use valuation on the Property claimed by Seller results in the Assessments for periods prior to Closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closingClosing.

Appears in 1 contract

Samples: Contract for Sale of Real Estate

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ROLLBACK TAXES. If this sale or Buyer’s Buyers’ use of the Property Land after closing results in the assessment of additional taxes, penalties or interest (Assessments) for periods prior to closingClosing, the Assessments will be the obligation of BuyerBuyers. If Assessments are imposed because of Seller’s use or change in use of the Property Land prior to closingClosing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closingClosing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Intrepid Potash, Inc.)

ROLLBACK TAXES. If this sale or Buyer’s use of the Property after closing results in the assessment of additional taxes, penalties penalties, or interest (the “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 closingclosing or denial of a special use valuation on the Property claimed by Seller results in Assessments for periods prior to Closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph Paragraph will survive closing.

Appears in 1 contract

Samples: Purchase Agreement

ROLLBACK TAXES. If this sale or Buyer’s '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 's change in use of the Property prior to closing or denial of a special use valuation on the Property claimed by Seller results in Assessments for periods prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing.

Appears in 1 contract

Samples: Farm and Ranch Contract (Valcent Products Inc.)

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.. DRAFT

Appears in 1 contract

Samples: Farm and Ranch Contract

ROLLBACK TAXES. If this sale or BuyerPurchaser’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 BuyerPurchaser. If Assessments are imposed because of Seller’s use or change in use of the Property prior to closing or denial of a special use valuation on the Property claimed by Seller results in Assessments for periods prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing.

Appears in 1 contract

Samples: Real Estate Purchase Contract (M Wave Inc)

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