Common use of Separate Tax Parcels Clause in Contracts

Separate Tax Parcels. The Property is assessed for the 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.

Appears in 8 contracts

Samples: Mezzanine Loan Agreement, Deed of Trust (KBS Real Estate Investment Trust, Inc.), Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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Separate Tax Parcels. The Property is assessed for the 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.

Appears in 3 contracts

Samples: Leasehold Mortgage and Absolute Assignment of Rents and Leases and Security Agreement (And Fixture Filing) (Lasalle Hotel Properties), Deed of Trust and Security Agreement (Industrial Income Trust Inc.), Modification Agreement (Manufactured Home Communities Inc)

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