Common use of Separate Lots Clause in Contracts

Separate Lots. The Property is assessed for real estate tax purposes as one or more wholly independent tax lot or lots, separate from any adjoining land or improvements not constituting a part of such lot or lots, and no other land or improvements is assessed and taxed together with the Property or any portion thereof.

Appears in 72 contracts

Samples: Loan Agreement (Clipper Realty Inc.), Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)

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Separate Lots. The Each Individual Property is assessed for real estate tax purposes as one or more wholly independent tax lot or lots, separate from any adjoining land or improvements not constituting a part of such lot or lots, and no other land or improvements is assessed and taxed together with the such Individual Property or any portion thereof.

Appears in 39 contracts

Samples: Loan Agreement (Stirling Hotels & Resorts, Inc.), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Senior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

Separate Lots. The Each Property is assessed for real estate tax purposes as one or more wholly independent tax lot or lots, separate from any adjoining land or improvements not constituting a part of such lot or lots, and no other land or improvements is assessed and taxed together with the any Property or any portion thereof.

Appears in 2 contracts

Samples: Loan Agreement (STAG Industrial, Inc.), Loan Agreement (RFS Partnership Lp)

Separate Lots. The Property is assessed for real estate tax purposes as one or more wholly independent tax lot or lots, separate from any adjoining land or improvements not ​ ​ constituting a part of such lot or lots, and no other land or improvements is assessed and taxed together with the Property or any portion thereof.

Appears in 1 contract

Samples: Loan Agreement (Lodging Fund REIT III, Inc.)

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Separate Lots. The To Borrower's knowledge, the Property is assessed for real estate tax purposes as one or more wholly independent tax lot or lots, separate from any adjoining land or improvements not constituting a part of such lot or lots, and no other land or improvements is assessed and taxed together with the Property or any portion thereof.

Appears in 1 contract

Samples: Loan Agreement (Cole Credit Property Trust Iv, Inc.)

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