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. 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 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 SOUTHWIND /LOT 00 XXXXXX XXXXXX XXXXXXX 0XXX, XXXX XXXXXXXxxx Xxxxxx, TX tx 77640 Page 6 of 10 11-08-2021

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 Xxx 00 XXXXXX XXXXXX XXXXXXX Xxxxxx Xxxxxx Xxx 0, XXXX XXXXXXXxxx Xxxxxx, TX 77640 Page 6 of 10 11-08-2021

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 080 MARINA COLONY SEC I .119 AC (5 200SF), XXXX PORT XXXXXX, TX 77640 Page 6 of 10 11-08-2021