Common use of Special Assessment Liens Clause in Contracts

Special Assessment Liens. Certified, confirmed, and ratified special assessment liens as of the Closing will be paid by the Seller. If a certified, confirmed, and ratified special assessment is payable in installments, the Seller will pay all installments due and payable on or before the Closing, with any installment for any period extending beyond the Closing prorated, and the Buyer will assume all installments that become due and payable after the Closing. The Buyer shall be responsible for all assessments of any kind which become due and owing after the Closing, unless an improvement is substantially completed as of the Closing. If an improvement is substantially completed as of the Closing but has not resulted in a lien before Closing, the Seller will pay an amount of the last estimate of the assessment. This subsection applies to special assessment liens imposed by a public body and does not apply to condominium association special assessments.

Special Assessment Liens. Certified, confirmed, and ratified special assessment liens as of the Closing Date will be paid by the Seller. If a certified, confirmed, and ratified special assessment is payable in installments, the Seller will pay all installments due and payable on or before the ClosingClosing Date, with any installment for any period extending beyond the Closing Date prorated, and the Buyer will assume all installments that become became due and payable after the ClosingClosing Date. The Buyer shall will be responsible for all assessments of any kind which become due and owing after the ClosingClosing Date, unless an improvement is substantially completed as of the ClosingClosing Date. If an improvement is substantially completed as of the Closing Date but has not resulted in a lien before Closingclosing, the Seller will pay an the amount of the last estimate of the assessment. This subsection applies to special assessment liens imposed by a public body and does not apply to condominium association special assessments.

Special Assessment Liens. Certified, confirmed, and ratified special assessment liens as of the Closing Date will be paid by the Seller. If a certified, confirmed, and ratified special assessment is payable in installments, the Seller will pay all installments due and payable on or before the ClosingClosing Date, with any installment for any period extending beyond the Closing Date prorated, and the Buyer will assume all installments that become due and payable after the ClosingClosing Date. The Buyer shall will be responsible for all assessments of any kind which become due and owing after the ClosingClosing Date, unless an improvement is substantially completed as of the ClosingClosing Date. If an improvement is substantially completed as of the Closing Date but has not resulted in a lien before Closingclosing, the Seller will pay an the amount of the last estimate of the assessment. This subsection applies to special assessment liens imposed by a public body and does not apply to condominium association special assessments.

Special Assessment Liens. Certified, confirmed, and ratified special assessment liens as of the Closing will be paid by the Seller. If a certified, confirmed, and ratified special assessment is payable in installments, the Seller will pay all installments due and payable on or before the Closing, with any installment for any period extending beyond the Closing prorated, and the Buyer will assume all installments that become due and payable after the Closing. The Buyer shall be responsible for all assessments of any kind which become due and owing after the Closing, unless an improvement is substantially completed as of the Closing. If an improvement is substantially completed as of the Closing Clos- ing but has not resulted in a lien before Closing, the Seller will pay an amount of the last estimate of the assessment. This subsection applies to special assessment liens imposed by a public body and does not apply to condominium association special assessments.