Common use of Tax Parcels Clause in Contracts

Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, which shall be effective for the next tax year.

Appears in 82 contracts

Samples: Mortgage Loan Purchase Agreement (MLCFC Commercial Mortgage Trust Series 2006-1), Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2005-Cip1), Mortgage Loan Purchase Agreement (ML-CFC Commercial Mortgage Trust 2006-3)

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Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, in which shall be effective case the Mortgage Loan requires the Borrower to escrow an amount sufficient to pay taxes for the next existing tax yearparcel of which the Mortgaged Property is a part.

Appears in 68 contracts

Samples: Mortgage Loan Purchase Agreement, Mortgage Loan Purchase Agreement, Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2011-C5)

Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, lots which shall be effective for the next tax year.

Appears in 32 contracts

Samples: Mortgage Loan Purchase and Sale Agreement (Banc of America Merrill Lynch Commercial Mortgage Inc.), Mortgage Loan Purchase and Sale Agreement (Banc of America Merrill Lynch Commercial Mortgage Inc.), Mortgage Loan Purchase and Sale Agreement (Banc of America Commercial Mortgage Inc., Series 2005-1)

Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots containing no other property, or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to for the creation of separate tax lots complying in all respects with the applicable laws and requirements of the applicable governing authority for creation of has been made and approved by the applicable governing authority and such separate tax lots, which lots shall be effective for the next tax year.

Appears in 10 contracts

Samples: Mortgage Loan Purchase Agreement (CSFB Mortgage Sec Corp Comm Mort Pass THR Cert Ser 2003-Cnp1), Mortgage Loan Purchase Agreement (CSFB Mortgage Sec Corp Comm Mort Pass THR Cert Ser 2003-Cnp1), Mortgage Loan Purchase Agreement (Credit Suisse Commercial Mortgage Trust Series 2006-C3)

Tax Parcels. Each Mortgaged Property either (i) constitutes one or more complete separate tax lots containing no other property or (ii) is subject to an endorsement under the related Title Policy lender title policy insuring same, same or in certain instances (iii) an application has been made to for the creation of separate tax lots complying in all respects with the applicable laws and requirements of the applicable governing authority for creation of has been made and approved by the applicable governing authority and such separate tax lots, which lots shall be effective for the next tax year.

Appears in 3 contracts

Samples: Mortgage Loan Purchase Agreement (Salomon Brothers Mortgage Securities Vii Inc), Mortgage Loan Purchase Agreement (Salomon Brothers Mortgage Securities Vii Inc), Mortgage Loan Purchase Agreement (Salomon Brothers Mortgage Securities Vii Inc)

Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, in which shall be effective case the Mortgage Loan requires the Mortgagor to escrow an amount sufficient to pay taxes for the next existing tax yearparcel of which the Mortgaged Property is a part.

Appears in 3 contracts

Samples: Mortgage Loan Purchase Agreement (CFCRE Commercial Mortgage Trust 2011-C2), Mortgage Loan Purchase Agreement (CFCRE Commercial Mortgage Trust 2011-C2), Mortgage Loan Purchase Agreement (CCRE Commercial Mortgage Securities, L.P.)

Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, lots which shall be effective for the next tax year.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Commercial Mortgage Pass Through Cert Series 2002-Key2), Mortgage Loan Purchase Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots or is the subject to of an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, which lots and such application has been approved and such separate tax lots shall be effective for the next tax year.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Credit Suisse First Boston Mortgage Securities Corp), Mortgage Loan Purchase Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, which lots and such application has been approved and such separate tax lots shall be effective for the next tax year.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Credit Suisse First Boston Mortgage Sec Corp 2001-Ck6)

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Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots containing no other property, or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to for the creation of separate tax lots complying in all respects with the applicable laws and requirements of the applicable governing authority for creation of separate has been made and approved by the applicable governing authority and such tax lots, which lots shall be effective for the next tax year.. Schedule A to Exhibit 2 Exceptions to Representations and Warranties

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Morgan Stanley Capital I Trust 2006 - HQ9)

Tax Parcels. Each The Mortgaged Property either (i) constitutes one or more complete separate tax lots containing no other property or (ii) is subject to an endorsement under the related Title Policy lender title policy insuring same, same or in certain instances (iii) an application has been made to for the creation of separate tax lots complying in all respects with the applicable laws and requirements of the applicable governing authority for creation of has been made and approved by the applicable governing authority and such separate tax lots, which lots shall be effective for the next tax year.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Salomon Brothers Mortgage Securities Vii Inc)

Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots containing no other property, or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to for the creation of separate tax lots complying in all respects with the applicable laws and requirements of the applicable governing authority for creation of separate has been made and approved by the applicable governing authority and such tax lots, which lots shall be effective for the next tax year.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I Inc Capital I Tr 2004-Hq3)

Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots containing no other property, or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to for the creation of separate tax lots complying in all respects with the applicable laws and requirements of the applicable governing authority for creation of separate has been made and approved by the applicable governing authority and such tax lots, which lots shall be effective for the next tax year.. SCHEDULE A TO EXHIBIT 2 Exceptions to Representations and Warranties

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Hq11)

Tax Parcels. Each Mortgaged Property constitutes one or more complete separate tax lots or containing no other property, is subject to an endorsement under the related Title Policy insuring same, same or in certain instances an application has been made to for the creation of separate tax lots complying in all respects with the applicable laws and requirements of the applicable governing authority for creation of has been made and approved by the applicable governing authority and such separate tax lots, which lots shall be effective for the next tax year.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Credit Suisse Fr Bs Mor Sec Cp Com Mor Ps Th Ce Ser 2001-Ck1)

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