Separate Tax Parcels Clause Samples

Separate Tax Parcels. Each Property constitutes one or more separate tax lots, with a separate tax assessment, independent of any other land or improvements.

Separate Tax Parcels. Each Mortgaged Property constitutes one or more separate tax lots (or will constitute separate tax lots when the next tax maps are issued), or, in certain instances, an application has been made to the applicable governing authority for creation of separate tax lots that shall be effective for the next tax year (and, with respect to tax parcels for which such application has been made, prior to the creation of such separate tax lots, taxes are being escrowed for the entire existing tax parcel), or is subject to an endorsement under the related Title Insurance Policy insuring for losses arising from any claim that the Mortgaged Property is not one or more separate tax lots.

Separate Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related title insurance policy.

Separate Tax Parcels. Except as may be set forth in the title insurance policy issued to Lender with respect to the Property, and/or any endorsements issued in connection therewith, the Property is assessed for real estate tax purposes as one or more wholly independent tax parcels, separate from any other real property, and no other real property is assessed and taxed together with the Property or any portion thereof.

Separate Tax Parcels. Landlord shall use reasonable efforts to cause the land and improvements associated with each of the three (3) buildings comprising the Project to be designated as separate tax parcels by the pertinent taxing authorities.

Separate Tax Parcels. The Property is assessed for real estate tax purposes as one or more wholly independent tax parcels, separate from any other real property, and no other real property is assessed and taxed together with the Property or any portion thereof.

Separate Tax Parcels. 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 Tax Parcels. Upon request, Landlord shall cooperate with Tenant in efforts to have the County Property Appraiser issue separate tax folio numbers for different components of the Private Facilities.

Separate Tax Parcels. (a) Borrower will immediately notify Funding Lender in writing upon designation of the Mortgaged Property and the Adjacent Property as separate tax parcels. (b) Upon the issuance of separate tax identification numbers, Borrower will deliver to Funding Lender an ALTA 18-06 Single Tax Parcel endorsement to the Funding Lender’s title insurance policy within 30 days of issuance of the Mortgaged Property’s separate tax identification number. (c) Notwithstanding anything to the contrary in this Continuing Covenant Agreement, Funding Lender will pay to Borrower the amount of the Imposition Reserve Deposit for Taxes attributable to the Adjacent Parcel when all of the following conditions have been met: (i) Funding Lender has received evidence satisfactory to Funding Lender that the Mortgaged Property and the Adjacent Parcel have been designated as separate tax parcels and separate tax identification numbers have been issued for each parcel. (ii) Funding Lender has received an ALTA 18-06 Single Tax Parcel endorsement to the Funding ▇▇▇▇▇▇’s title insurance policy. (iii) Borrower has made a written request to Funding Lender for a refund of the portion of the Imposition Reserve Deposit for Taxes attributable to the Adjacent Parcel. E. The following definition in Article XII is deleted and replaced with the following: