Common use of Tax Protest Proceedings Clause in Contracts

Tax Protest Proceedings. Seller shall have the authority to prosecute, settle and withdraw proceedings to review any real estate tax assessment for the Premises covering the calendar years prior to and in which the Closing occurs at Seller’s expense. Purchaser acknowledges that it has no interest in any proceedings or refunds applicable to any calendar tax year prior to the year in which the Closing occurs. The provisions of this Section 9.3 shall survive the Closing. If Purchaser desires to commence or prosecute any real estate tax assessment proceedings, Seller will cooperate with Purchaser in doing so, at Purchaser’s expense.

Appears in 2 contracts

Samples: Contract for Sale (US Federal Properties Trust Inc.), Contract of Sale (US Federal Properties Trust Inc.)

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Tax Protest Proceedings. Seller shall have the sole authority to prosecute, settle and withdraw proceedings to review any real estate tax assessment for the Premises covering the calendar fiscal years prior to and in which the Closing occurs at Seller’s expenseoccurs. Purchaser acknowledges that it has no interest in any proceedings or refunds applicable to any calendar fiscal tax year prior to the year in which the Closing occurs. The provisions of this Section 9.3 shall survive the Closing. If Purchaser desires to commence or prosecute any real estate tax assessment proceedings, Seller will cooperate with Purchaser in doing so, at Purchaser’s expense.

Appears in 2 contracts

Samples: Contract of Sale (NNN 2003 Value Fund LLC), Escrow Agreement (Inland Western Retail Real Estate Trust Inc)

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Tax Protest Proceedings. Seller shall have the sole authority to prosecute, settle and withdraw proceedings to review any real estate tax assessment for the Premises Property covering the calendar fiscal years prior to and in which the Closing occurs at Seller’s expenseoccurs. Purchaser acknowledges that it has no interest in any proceedings or refunds applicable to any calendar fiscal tax year prior to the year in which the Closing occurs. The provisions of this Section 9.3 shall survive the Closing. If Purchaser desires to commence or prosecute any real estate tax assessment proceedings, Seller will cooperate with Purchaser in doing so, at Purchaser’s expense.

Appears in 1 contract

Samples: Contract of Sale (Hudson Pacific Properties, Inc.)

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