Separate Parcel Sample Clauses

Separate Parcel. If the Premises are not currently taxed by the applicable governmental authorities as one or more parcels separate from the other parcel(s) included in Landlord’s tax bills, then Landlord, at its sole cost and expense, shall apply for and diligently follow such procedures as are necessary to have the Premises taxed by the applicable governmental authorities as one or more parcels separate from the other parcel(s) included in Landlord’s tax bills, so that Tenant will be in a position to pay and/or contest Real Estate Taxes on its own, subject to the terms of this Section. When the Premises are taxed or assessed as one or more separate parcels, Landlord shall direct the tax authority to send the tax bills (and any trim notices) for the Premises directly to Tenant’s address during the Term hereof. If the Premises is taxed or assessed together with other land owned by Landlord, then, for any parcel which includes the Premises and other land owned by Landlord: (a) Tenant’s share of Real Estate Taxes shall be determined by multiplying such taxes or assessments in the entire tax ▇▇▇▇ by a fraction, the numerator of which is the total value of the portion of the Premises included in the tax ▇▇▇▇ and the denominator of which is the total value of all property included in the tax ▇▇▇▇, and Landlord shall provide such determination to Tenant in writing, together with a copy of the applicable tax ▇▇▇▇, no later than thirty (30) days prior to the due date of such Real Estate Taxes for the applicable year; and (b) Landlord agrees to give Tenant a copy of any trim notice (i.e., notice of the assessed value of the real property of which the Premises is a part) within ten (10) business days after Landlord’s receipt thereof.

Separate Parcel. Landlord shall use its best efforts to have the Premises taxed as a separate parcel on land for ad valorem tax purposes. If the Premises are not taxed as a separate parcel for ad valorem purposes, then Tenant will pay to the Landlord Tenant's share of the taxes within ten (10) days after request thereof (a copy of the tax ▇▇▇▇ together with Landlord's detemination of Tenant's share of ad valorem taxes will be attached to the request). Tenant's share of the ad valorem taxes attributed to the value of the improvements on the Premises as described in Section 6. At all times Tenant's share of ad valorem taxes shall be based upon the maximum discount provided taxpayers regardless of the date Landlord actually pays such taxes.

Separate Parcel. Landlord shall, at its expense, apply for and diligently follow such procedures as are necessary to have the Property (including the Building) taxed by the applicable governmental authorities as a parcel separate from the other parcel(s) included in Landlord’s tax bills, so that Tenant will be in a position to pay and/or contest Real Estate Taxes on its own, subject to the terms of this Section 2.4. If the Property and the Building are taxed or assessed as a separate parcel, Landlord shall direct the tax authority to send the tax bills for the Property and the Building directly to Tenant’s address during the Term hereof. If the Property and/or the Building are not taxed or assessed as a separate parcel, then: (a) Tenant’s share of Real Estate Taxes shall be determined by multiplying such taxes or assessments in the entire tax ▇▇▇▇ by a fraction, the numerator of which is the total value of the Property and the Building and the denominator of which is the total value of all land included in the tax ▇▇▇▇, and Landlord shall provide such determination to Tenant in writing, together with a copy of the applicable tax ▇▇▇▇, no later than thirty (30) days prior to the due date of such Real Estate Taxes for the applicable year.

Separate Parcel. The Project is taxed separately without regard to any other property and for all purposes the Project may be mortgaged, conveyed, and otherwise dealt with as an independent parcel.

Separate Parcel. Each Borrower represents and warrants to Lender that except as otherwise disclosed to Lender in writing, the Parcel owned by such Borrower is taxed separately without regard to any other property and for all purposes such Parcel may be mortgaged, conveyed, and otherwise dealt with as an independent parcel.

Separate Parcel. Pursuant to that certain Grant Deed executed by the Redevelopment Agency of the City of San ▇▇▇▇ and recorded on June 6, 2001, as Document No. 15717130 in the Official Records of the Recorder of Santa ▇▇▇▇▇ County, California, the Land was established as a separate legal parcel. As a consequence of the establishment of the Land as a separate legal parcel pursuant to said Grant Deed, the Land will be established as a separate tax parcel on the rolls of the Santa ▇▇▇▇▇ County Assessor as of July 1, 2002.

Separate Parcel. As of the Eighth Amendment Closing Date, each individual parcel comprising each Closing Date Property (i) is not part of a larger tract of land owned by any Obligor or any of their Affiliates that is not also a portion of such Closing Date Property (except for the non- investment grade shop space that is bifurcated with a ground lease in place with the applicable Subsidiary Guarantor) and (ii) is not otherwise included under any unity of title or similar covenant with other lands not encumbered by the Mortgages. Each Closing Date Property constitutes separate tax lots with separate tax assessments for such Closing Date Property, independent of those for any other lands or improvements that are not also a portion of such Closing Date Property.

Separate Parcel. This Agreement is expressly conditioned upon receipt by Seller and delivery to Buyer on or before the end of the Due Diligence Period of the following: (a) an approved separate legal parcel encompassing only the Property in the configuration shown on Exhibit B; (b) all of the attendant documentation, including an ALTA survey of the Property. If a final parcel map and the ALTA survey are not delivered by the date of Closing, Buyer shall be entitled to cancel and terminate this Agreement and receive a complete refund of all deposits made by Buyer pursuant hereto.

Separate Parcel. Each Site is taxed separately without regard to any other property and for all purposes each Site may be mortgaged, conveyed, and otherwise dealt with as an independent parcel.