Taxes and Assessment. The Department shall pay or cause to be paid all lawful taxes that may be levied at any time upon any interest the Department may have under this Ground Lease (including both the Site and the Improvements after the Effective Date). The Participating County and the Department each represent and acknowledge that neither Party believes or expects that its respective interests in the Site are subject to payment of property taxes. The Department shall have the right to contest the validity of any levy or tax assessment levied upon the Department’s interest in the Site.
Taxes and Assessment. All non-delinquent real estate taxes and assessments on the Real Property will be prorated as of Closing based on the actual current tax bill. For any assessment payable in annual installments which is not in default, the installments payable for the applicable tax year shall be prorated between the parties and Buyer shall be responsible for installments thereafter post-Closing. If Closing takes place before the real estate taxes are fixed for the tax year in which Closing occurs, the apportionment of real estate taxes will be made on the basis of the real estate taxes for the immediately preceding tax year applied to the latest assessed valuation. All delinquent taxes and all delinquent assessments, if any, on the Real Property will be paid at Closing from funds accruing to Seller. All supplemental taxes billed after Closing attributable to periods and prorated for periods prior to Closing will be paid promptly by Seller. Any tax refunds received by Buyer which are allocable to the period prior to Closing will be paid by Xxxxx to Seller.
Taxes and Assessment. 13.01. User shall be responsible for the payment of all real estate taxes and assessments during the License term. State shall forward tax bills and/or assessments received from the County Treasurer to User, and User shall pay the County directly such tax xxxx or assessments when due and payable. User shall provide proof of payment to State within 30 calendar days of payment.
Taxes and Assessment. During the term of this Lease, Tenant shall pay on or prior to the due date all City, County, State and Federal taxes or assessments as may accrue based on Tenant's activities or improvements made by Tenant, if any, and penalties imposed, assessed or levied upon the same. Landlord will provide Tenant with timely written notice of the above-referenced taxes so as to enable Tenant to pay same when due. Landlord shall otherwise pay general real estate taxes as levied upon the Premises.
Taxes and Assessment. Purchaser assumes and shall pay (a) all assessments for improvements becoming a lien on or after the Closing Date; and (b) its pro rata portion of the real estate taxes assessed for and becoming a lien during the calendar year in which closing occurs (based upon the number of days remaining in such calendar year on or after the Closing Date). Seller shall pay (a) all assessments for improvements not assumed by Purchaser; (b) both installments of real estate taxes payable during the calendar year in which closing occurs; (c) its pro rata portion of the real estate taxes assessed for and becoming a lien during the calendar year in which closing occurs (based upon the number of days in such calendar year prior to the Closing Date); and (d) all delinquent real estate taxes and assessments (and penalties and interest thereon, if any). The present tax rate and assessed values shall be used for the purposes of the prorations under this Section if the applicable tax rate and assessed values have not been set. Any taxes or assessments (and penalties and interest thereon, if any) which are either (a) not assumed by Purchaser and which are not due and payable at the time of closing; or (b) delinquent at time of Closing, shall be allowed to Purchaser as a credit against the Purchase Price at Closing. Any and all rental income from the Property shall be pro-rated as of the Closing Date (with rents and rental payments for the day of closing allocated to Purchaser). If Seller and Purchaser fail to cause any utility services rendered to the Property to be placed in the name of Purchaser as of 11:59 p.m. on the day before the Closing Date, the charges for any such utility services shall be prorated as of the Closing Date, based upon the most recent bills available and readjusted on the basis of the actual bills rendered for the period during which the closing occurs, as and when such bills are received.
Taxes and Assessment. 6 ARTICLE VI
Taxes and Assessment. A. City expressly recognizes, understands and agrees that this Agreement may create a possessory interest subject to property taxation and that City may be subject to the payment of property taxes levied on such interest. City shall hold District harmless for all property taxes which may be levied on the leased Premises during the term of this Agreement.
Taxes and Assessment. All ad valorem, property, production, severance and similar taxes and assessments based on or measured by the ownership of the Assets or the production of Petroleum Substances from and/or receipt of proceeds therefrom payable to the Closing Date and all prior years have been properly paid;
Taxes and Assessment. All provincial taxes and municipal taxes, charges, rates, development charges, special levies and assessments, school and water rates and other charges relating to the Facility, whether due or not yet due, are paid in full or will be adjusted as of the Closing Date as provided in Section 3.1.
Taxes and Assessment. Borrower shall be responsible for, and shall promptly pay and discharge, all Taxes that may be payable by or imposed upon Cat Financial arising out of any payment made hereunder, the Schedule or under any of the other Transaction Documents or from the execution, delivery or registration of, or otherwise with respect to, this Agreement, the Schedule or under any of the other Transaction Documents.
