Tax Protest. If, as a result of any tax protest or otherwise, any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any period for which, under the terms of this Agreement, Seller is responsible, Seller shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection and (ii) any amounts due to tenants pursuant to the terms of the Leases.
Appears in 5 contracts
Samples: Purchase and Sale Agreement (Industrial Property Trust Inc.), Purchase and Sale Agreement (Rexford Industrial Realty, Inc.), Purchase and Sale Agreement (Industrial Property Trust Inc.)
Tax Protest. If, as a result of any tax protest or otherwise, any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any during the period for which, under the terms of this Agreement, Seller is responsible, Seller shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection and (ii) any amounts due to tenants pursuant to the terms of the Leasescollection.
Appears in 5 contracts
Samples: Purchase and Sale Agreement (Nn Inc), Purchase and Sale Agreement (Hartman Short Term Income Properties XX, Inc.), Purchase and Sale Agreement (New England Realty Associates Limited Partnership)
Tax Protest. If, as a result of any tax protest or otherwise, any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any period for which, under the terms of this Agreement, Seller is responsible, Seller shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection and (ii) any amounts due to tenants pursuant to the terms of the Leasescollection.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Align Technology Inc), Purchase and Sale Agreement (GreenHunter Resources, Inc.), Purchase and Sale Agreement (KBS Legacy Partners Apartment REIT, Inc.)
Tax Protest. If, as a result of any tax protest or otherwise, any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any period for which, under the terms of this Agreement, Seller is Sellers are responsible, Seller Sellers shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection and (ii) any amounts due which are required to tenants be refunded to Tenants pursuant to the terms of the Leases.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Developers Diversified Realty Corp), Purchase and Sale Agreement (Developers Diversified Realty Corp), Purchase and Sale Agreement (Developers Diversified Realty Corp)
Tax Protest. If, as a result of any tax protest or otherwise, any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any period for which, under the terms of this Agreement, Seller is responsible, Seller shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection and (ii) any amounts due to tenants pursuant to the collection. The terms of this Section 10.17 shall survive the LeasesClosing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Resource Real Estate Opportunity REIT, Inc.)
Tax Protest. If, as a result of any tax protest or otherwise, any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any period for which, under the terms of this Agreement, Seller is responsible, Seller shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection and (ii) any amounts due to tenants pursuant to the collection. The terms of this Section 11.15 shall survive the LeasesClosing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (KBS Real Estate Investment Trust III, Inc.)
Tax Protest. If, as a result of any tax protest or otherwise, any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any during the period for which, under the terms of this Agreement, Seller is responsible, Seller shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection and (ii) any amounts due to tenants pursuant to the terms of the Leases.
Appears in 1 contract
Tax Protest. If, as a result of any tax protest or otherwise, any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any period for which, under the terms of this Agreement, Seller is responsible, Seller shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection collection, and (ii) Purchaser shall be entitled to receive or retain any amounts due portion of such refund or benefit of reduction which is attributable to tenants pursuant to any period for which, under the terms of the Leasesthis Agreement, Purchaser is responsible.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Wells Real Estate Fund Xiv Lp)
Tax Protest. If, as a result of any tax protest or otherwise, any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any period for which, under the terms of this Agreement, Seller is responsible, Seller shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection collection, and (ii) any amounts due Purchaser shall be entitled to tenants pursuant to keep and retain the terms of the Leasesbalance thereof.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc)
Tax Protest. If, If as a result of any tax protest or otherwise, otherwise there is issued any refund is paid or there occurs any reduction of any real property or other tax or assessment is made available relating to the Property with respect and allocable to any the period for which, under the terms of this Agreement, Seller is responsible, Seller shall be entitled to receive or retain a prorated portion of such refund or the benefit of such reductionreduction for such allocable period, less (i) the equitable prorated costs of collection and (ii) any amounts due to tenants pursuant to the terms of the Leasescollection.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Brookdale Living Communities Inc)
Tax Protest. If, If as a result of any tax protest or otherwise, otherwise any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any during the period for which, under the terms of this Agreement, Seller is responsible, Seller shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection and (ii) any amounts due to tenants pursuant to the terms of the Leasescollection.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Hancock John Financial Services Inc)
Tax Protest. If, as a result of any tax protest or otherwise, otherwise any refund is paid or reduction of any real property or other tax or assessment is made available relating to the Property with respect to any during the period for which, under the terms of this Agreementthe Contract, Seller is responsible, Seller shall be entitled to receive or retain such refund or the benefit of such reduction, less (i) the equitable prorated costs of collection and (ii) any amounts due to tenants pursuant to collection; however, for the terms of year in which Closing occurs, such refunds or reductions shall be prorated between the Leasesparties.
Appears in 1 contract
