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 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.

Appears in 2 contracts

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

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ROLLBACK TAXES. If Seller changes the use of the Property before Closing 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 Closingclosing, the assessments will be the obligation of the Seller. This paragraph 17 shall survive 15 survives the ClosingClosing Date.

Appears in 1 contract

Samples: Earnest Money Contract (Elevate.Money REIT I, Inc.)

ROLLBACK TAXES. If Seller changes the use of the Property before Closing 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 Closingclosing, the assessments will be the obligation of the Seller. This paragraph 17 shall survive Paragraph 15 survives the ClosingClosing Date.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Rich Uncles NNN REIT, Inc.)

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ROLLBACK TAXES. If Seller changes the use of the Property before Closing closing or if If a denial of the special evaluation of the Property claimed by Seller results in the assessment of additional taxes, penalties, or interest Interest for periods before Closingclosing, the assessments will be the obligation of the Seller. This paragraph 17 shall survive Paragraph 15 survives the ClosingClosing Date.

Appears in 1 contract

Samples: Earnest Money Contract (Rich Uncles NNN REIT, Inc.)

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