Common use of SUPPLEMENTAL TAXES Clause in Contracts

SUPPLEMENTAL TAXES. Seller and Buyer acknowledge that the subject property may be subject to supplemental taxes due as a result of change of ownership taking place through this escrow. Any necessary adjustment due either party on receipt of a supplemental tax xxxx will be made by the parties outside of this escrow and escrow holder is released of any liability in connection with same.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Berry Petroleum Co), Purchase and Sale Agreement (Berry Petroleum Co)

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SUPPLEMENTAL TAXES. Seller and Buyer acknowledge that the subject property Property may be subject to supplemental taxes due as a result of change of ownership taking place through this escrowEscrow. Any necessary adjustment due either party on receipt of a supplemental tax xxxx will be made by the parties outside of this escrow Escrow and escrow holder Escrow Holder is released of any liability in connection with same.

Appears in 1 contract

Samples: Donation & Purchase and Sale Agreement

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SUPPLEMENTAL TAXES. Seller and Buyer acknowledge that the subject property may be subject to supplemental taxes due as a result of change of ownership taking place through this escrow. Any necessary adjustment due either party on receipt of a supplemental tax xxxx will bill xxxl be made by the parties outside of this escrow and escrow holder is released of any liability in connection with same.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pacific Gulf Properties Inc)

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