Common use of Special Assessment Liens Clause in Contracts

Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If the improvement has been substantially completed as of Effective Date, any pending lien shall be considered certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate or assessment for the improvement by the public body.

Appears in 3 contracts

Samples: Contract for Sale and Purchase (Newport International Group Inc), Contract for Purchase and Sale of Real Estate (Life Sciences Inc), Real Estate Purchase and Sale Agreement (Life Sciences Inc)

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Special Assessment Liens. Certified, confirmed confirmed, and ratified special assessment liens as of date of closing (not as of Effective Date) the Closing Date are to be paid by Seller. Pending liens as of date of closing the Closing Date shall be assumed by Buyer. If the improvement has been substantially completed as of Effective the Execution Date, any such pending lien shall be considered as certified, confirmed confirmed, or ratified ratified; and Seller shall, at closingClosing, be charged an amount equal to the last estimate or of assessment for the improvement by the public body.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Shells Seafood Restaurants Inc), Purchase and Sale Agreement (Shells Seafood Restaurants Inc)

Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If , provided, however, that if the improvement has been substantially completed as of Effective Dateclosing date, any such pending lien shall be considered as certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate or by the public body of assessment for the improvement by the public bodyimprovement.

Appears in 1 contract

Samples: Deposit Receipt Contract for Sale and Purchase (Regency Realty Corp)

Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (and not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If , provided, however that if the improvement has been substantially completed as of Effective Date, any such pending lien shall be considered as certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate or by the public body of assessment for the improvement by the public bodyimprovement.

Appears in 1 contract

Samples: Sale and Purchase Agreement

Special Assessment Liens. Certified, confirmed and ratified special assessment liens imposed by public bodies as of date of closing (not as of Effective Date) Closing are to be paid by Seller. Pending liens as of date of closing Closing shall be assumed by Buyer. If the improvement has been substantially completed as of Effective Date, any pending lien shall be considered certified, confirmed or ratified and Seller shall, at closingClosing, be charged an amount equal to the last estimate or assessment for the improvement by the public body.

Appears in 1 contract

Samples: Contract for Purchase (National Housing Partnership Realty Fund Iv)

Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (not as of "Effective Date") are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If the improvement has been substantially completed as of Effective Date, any pending lien shall be considered certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate or of assessment for the improvement by the public body.

Appears in 1 contract

Samples: Contract for Sale and Purchase (International Airline Support Group Inc)

Special Assessment Liens. Certified, confirmed confirmed, and ratified special assessment liens as of the date of closing (and not as of Effective Date) are to be paid by Sellerthe SELLER. Pending liens as of the date of closing shall be assumed by Buyer. If BUYER, provided, however, that if the improvement has been substantially completed as of Effective Date, any such pending lien shall be considered as certified, confirmed or confirmed, and ratified and Seller SELLER shall, at closing, be charged an amount equal to the last estimate or by the public body of assessment for the improvement by the public bodyimprovement.

Appears in 1 contract

Samples: Option Contract for Sale and Purchase

Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing the Closing Date (and not as of Effective Date) are to be paid by Seller. Pending liens as of the date of closing Closing shall be assumed by Buyer. If , provided, however, that where the improvement has been substantially completed as of the Effective Date, any such pending lien shall be considered as certified, confirmed or ratified ratified, and Seller shall, at closingClosing, be charged an amount equal to the last estimate or assessment for the improvement by the public body, of the assessment for the improvement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ultimate Software Group Inc)

Special Assessment Liens. Certified, confirmed confirmed, and ratified special improvement assessment liens as of date of closing the Closing Date (and not as of the Effective Date) are to be paid by Sellerthe SELLER. Pending liens as of date of closing the Closing Date shall be assumed by Buyer. If BUYER, provided, however, that if the improvement has been substantially completed (more than 55% complete) as of the Effective Date, any such pending lien shall be considered as certified, confirmed or confirmed, and ratified and Seller SELLER shall, at closingClosing, be charged an amount equal to the last estimate or by the public body of assessment for the improvement by the public bodyimprovement.

Appears in 1 contract

Samples: Short Sale Addendum

Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (and not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If , provided, however, that the improvement has been substantially completed as of the Effective Date, any . Such pending lien liens shall be considered as certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate or by the public body of the assessment for the improvement by the public bodyimprovement.

Appears in 1 contract

Samples: Sale and Purchase Agreement

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Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (and not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If Xxxxx, provided, however that if the improvement has been substantially completed as of Effective Date, any such pending lien shall be considered as certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate or by the public body of assessment for the improvement by the public bodyimprovement.

Appears in 1 contract

Samples: Purchase Agreement

Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (not as of Effective Date) are to be paid assumed by SellerBuyer. Pending liens as of date of closing shall be assumed by Buyer. If the improvement has been substantially completed as of Effective Date, any such pending lien shall be considered certified, confirmed or ratified and Seller shall, at closingClosing, be charged an amount equal to the last estimate or of assessment for the improvement by the public body.

Appears in 1 contract

Samples: Contract for Purchase and Sale (Solitron Devices Inc)

Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If the improvement has been substantially completed as of Effective Date, any pending lien shall be considered certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate or of assessment for the improvement by the public body.

Appears in 1 contract

Samples: Contract for Sale and Purchase (American Marine Recreation Inc)

Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If the improvement has been substantially completed as of Effective Date, any such pending lien shall be considered certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate or of assessment for the improvement by the public body.

Appears in 1 contract

Samples: Contract for Sale and Purchase (Winston Furniture Co of Alabama Inc)

Special Assessment Liens. Certified, confirmed and ratified special assessment liens as of date of closing (not as of Effective Date) Closing are to be paid by Seller. Pending liens as of date of closing Closing shall be assumed by Buyer. If , provided, however, that where the improvement has been substantially completed as of the Effective Date, any such pending lien shall be considered certified, confirmed as certified or ratified and Seller shall, at closingClosing, be charged an amount equal to the last estimate or by the public body of the assessment for the improvement by the public bodyimprovement.

Appears in 1 contract

Samples: Contract for Sale and Purchase (National Residential Properties Nv Inc)

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