Tax Division. A tax division has been effected with respect to the Premises so that it is taxed for ad valorem taxation without regard to or inclusion of any other property. No subdivision or other approval is necessary with respect to the Premises in order for Borrower to mortgage, convey and otherwise deal with the Premises as a separate lot or parcel.
Appears in 6 contracts
Samples: Loan Agreement (Servico Market Center Inc), Loan Agreement (Servico Market Center Inc), Loan Agreement (Servico Market Center Inc)
Tax Division. A tax division has been effected with respect to the each Premises so that it is taxed for ad valorem taxation without regard to or inclusion of any other property. No subdivision or other approval is necessary with respect to the any Premises in order for any Borrower to mortgage, convey and otherwise deal with the its Premises as a separate lot or parcel.
Appears in 2 contracts
Samples: Loan Agreement (Clubcorp Inc), Loan Agreement (Clubcorp Inc)
Tax Division. A tax division has been effected with respect to each of the Premises so that it is taxed for ad valorem taxation without regard to or inclusion of any other property. No A subdivision or other approval is necessary has been effected with respect to each of the Premises in order so that for Borrower to mortgageall purposes each of the Premises may be mortgaged, convey conveyed and otherwise deal dealt with the Premises as a separate lot or parcel.
Appears in 1 contract
Samples: Loan Agreement (Net 2 L P)
Tax Division. A tax division has been effected with respect to the Premises Mortgaged Property so that it is taxed for ad valorem taxation without regard to or inclusion of any other property. No subdivision or other approval is necessary with respect to any of the Premises Mortgaged Property in order for Borrower to mortgage, convey and otherwise deal with the Premises Mortgaged Property as a separate lot or parcel.
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Tax Division. A tax division has been effected with respect to each ------------ of the Premises so that it is taxed for ad valorem taxation without regard to or inclusion of any other property. No subdivision or other approval is necessary with respect to any of the Premises in order for Borrower to mortgage, convey and otherwise deal with the such Premises as a separate lot or parcel.
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