Tax Parcel Sample Clauses
The Tax Parcel clause identifies the specific parcel of real property as recognized by the local tax authority, typically by referencing its unique tax parcel number. This clause ensures that all parties are clear about the exact property involved in the transaction, which is especially important when multiple parcels or lots are adjacent or when legal descriptions may be ambiguous. By precisely defining the property through its tax parcel identification, the clause helps prevent disputes or confusion regarding ownership, boundaries, or tax obligations.
POPULAR SAMPLE Copied 1 times
Tax Parcel. Date of Construction: Total Living Area in Sq Ft. (All floors) Number of Stories above ground: Estimate the Fair Market Value of your home: $
Tax Parcel. Borrower shall provide evidence that the Property comprises one or more separate tax parcels.
Tax Parcel. The Land is taxed separately without regard to any other real estate and constitutes one legally subdivided lot under all applicable Law, and for all purposes may be dealt with as an independent parcel in connection with any Sale or Encumbrance of such Land.
Tax Parcel. 00820011
Tax Parcel. Such Credit Party's Borrowing Base Property is separately assessed from all other adjacent land for purposes of real estate taxes and without regard for any other property, and for all purposes may be dealt with as an independent parcel.
Tax Parcel. Landlord shall, with Tenant’s cooperation, if necessary, have the City of Fargo designate the Premises as a separate tax parcel.
Tax Parcel. Each Borrowing Base Property is separately assessed from all other adjacent land for purposes of real estate taxes and without regard for any other property, and for all purposes may be mortgaged, conveyed and otherwise dealt with as an independent parcel. Borrowers have paid all taxes and assessments affecting the Borrowing Base Properties or otherwise payable by any Borrower which were due on or before on the Effective Date, except for Taxes being contested in accordance with Section 5.08 hereof. To the best of Borrowers’ knowledge, there is no material proposed new tax assessment against any of the Borrowing Base Properties or any basis for such an assessment, other than potential increases in valuation in connection with Borrowers’ recent acquisition of the Borrowing Base Properties.
Tax Parcel. Upon Administrative Agent's request, Borrower shall promptly apply to cause portions of the Premises owned (but not leased) by it to become separate tax parcels from those properties owned by any third party (such as Federated); however, it is understood that the Additional Agreements shall govern the payment of taxes.
Tax Parcel. The Leasehold Estate constitutes a separate tax lot or lots with a separate tax assessment or assessments for the Land and Improvements, independent of those for any other lands or improvements.
Tax Parcel. The Property constitutes a separate tax parcel(s) and is not being taxed as a part of a larger tax parcel.