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 (American Medical Technologies Inc/De), Haggar Corp, Haggar Corp

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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 the assessment of additional assessments taxes, penalties, or interest (“Assessments”) for periods before prior to closing, the assessments Assessments will be the obligation of Buyer. This Paragraph 13B survives If Seller’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 3 contracts

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

ROLLBACK TAXES. If Seller changes the use of the Property before closing Closing or if a denial of a the special valuation on evaluation of the Property claimed by Seller results in the assessment of additional taxes, penalties, or interest (assessments) for periods before closingClosing, the assessments will be the obligation of the Seller. If this sale or Buyer’s use of This paragraph 17 shall survive the Property after closing results in additional assessments for periods before closing, the assessments will be the obligation of Buyer. This Paragraph 13B survives closingClosing.

Appears in 2 contracts

Samples: Commercial Purchase and Sale Contract (Aei Net Lease Income & Growth Fund Xix Limited Partnership), Assignment of Commercial Purchase and Sale Contract (Aei Income & Growth Fund 25 LLC)

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

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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 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: Aei Income & Growth Fund 23 LLC

ROLLBACK TAXES. If Seller changes the use of the Property before closing or if If a denial of a the special valuation on evaluation of the Property claimed by Seller results in the assessment of additional taxes, penalties, or interest (assessments) Interest for periods before closing, the assessments will be the obligation of the 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 15 survives closingthe Closing Date.

Appears in 1 contract

Samples: Commercial Lease Agreement (Rich Uncles NNN REIT, Inc.)

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: Ricks Cabaret International Inc

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