Common use of ROLLBACK TAXES Clause in Contracts

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.

Appears in 3 contracts

Samples: Commercial Contract (Haggar Corp), Commercial Contract (Haggar Corp), Commercial Contract (American Medical Technologies Inc/De)

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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 Sellerthe Buyer. If this sale or Buyer’s Xxxxx'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 14B survives closing.

Appears in 3 contracts

Samples: Commercial Contract, Commercial Contract, Commercial Contract

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 15B survives closing.

Appears in 2 contracts

Samples: Commercial Contract (Ricks Cabaret International Inc), Commercial Contract (Ricks Cabaret International Inc)

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 which results in the assessment of additional taxes, penalties, or interest (assessments) for periods before closing, the assessments will be the obligation of the Seller. If this sale or Buyer’s '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.12.B.

Appears in 2 contracts

Samples: Real Estate Sale Contract, Real Estate Sale Contract

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 's use of the Property after Properxx xfter closing results in additional assessments for periods before closing, the assessments will be the obligation of Buyer. This Paragraph 13B 14B survives closing.

Appears in 1 contract

Samples: Commercial Contract Improved Property (Aei Income & Growth Fund 23 LLC)

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ROLLBACK TAXES. If Seller changes Sellers change the use of the Property Properties before closing or if a denial of a special valuation on the Property Properties claimed by Seller Sellers results in the assessment of additional taxes, penalties, or interest (assessments) for periods before closing, the assessments will be the obligation of SellerSellers. If this sale or Buyer’s use of the Property Properties after closing results in additional assessments for periods before closing, the assessments will be the obligation of Buyer. This Paragraph 13B 15B survives closing.

Appears in 1 contract

Samples: Commercial Contract (Ricks Cabaret International Inc)

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 '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.

Appears in 1 contract

Samples: Improved Property Commercial Contract (Ricks Cabaret International Inc)

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