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 xxxx. 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 Buyer 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.
13.02. User shall pay all Ad Valorem, Commercial Activity or similar taxes or assessments on the oil, gas, condensate and/or liquid hydrocarbons produced under this License that are assessed by any federal, state or local entity or governmental unit attributable to, or resulting from the assessment of the oil, gas, condensate and/or liquid hydro-carbons from the Premises regardless of the percentage of royalty paid to State. User shall, in addition, pay any and all severance taxes or other excise taxes arising out of or relating to this License.
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 agrees to pay (a) all assessments for improvements becoming a lien after the Closing Date; (b) those installment payments relating to existing assessments for improvements becoming due on or after the Closing Date; and (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 remaining in such calendar year after the Closing Date). Seller represents that the building and related improvements on the Real Estate were sold to "Lhret" (as defined below) and are subject to the Ground Lease; and that such building and other improvements thereon are included in a separate tax parcel (the Ground Lease Parcel"). Seller further represents that the ground lessee under the Ground Lease is responsible for all property taxes and assessments for improvements related or attributable to the Ground Lease Parcel. 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) for the portion of the Real Estate not included in the Ground Lease Parcel. Purchaser agrees that it will deal separately with the real property taxes and assessments for improvements relating to the Ground Lease Parcel in the "Lhret Contract" (as defined below). 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 Real Estate payable to Seller 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 Real Estate to be placed in the name of Purchaser as of 11:59 p.m. on the day...
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.
B. City shall be responsible for, and agrees to pay, not later than ten
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.
