Common use of Taxes and Assessments Clause in Contracts

Taxes and Assessments. There are no delinquent taxes, ground rents, assessments for improvements or other similar outstanding charges affecting the related Mortgaged Property which are or may become a lien of priority equal to or higher than the lien of the related Mortgage. For purposes of this representation and warranty, real property taxes and assessments shall not be considered unpaid until the date on which interest and/or penalties would be payable thereon.

Appears in 52 contracts

Samples: Mortgage Loan Purchase Agreement (Gmac Commercial Mortgage Securities Inc), Mortgage Loan Purchase Agreement (Gmac Commercial Mortgage Securities Inc), Mortgage Loan Purchase Agreement (Gmac Commercial Mortgage Securities Inc)

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Taxes and Assessments. There are no delinquent taxes, ground rents, water charges, sewer rents, assessments for improvements or other similar outstanding charges affecting the related Mortgaged Property which are or may become a lien of priority equal to or higher than the lien of the related Mortgage. For purposes of this representation and warranty, real property taxes and assessments shall not be considered unpaid until the date on which interest and/or penalties would be payable thereon.

Appears in 4 contracts

Samples: Mortgage Loan Purchase Agreement (Morgan Stanley Capital I Inc), Mortgage Loan Purchase Agreement (Morgan Stanley Capital I Inc), Mortgage Loan Purchase Agreement (Morgan Stanley Capital I Inc)

Taxes and Assessments. There are no delinquent taxesor unpaid taxes or assessments (including assessments payable in future installments), ground rents, assessments for improvements or other similar outstanding charges affecting the related Mortgaged any Property which are or may become a lien of priority equal to or higher than the lien of the related Mortgage. For purposes of this representation and warranty, real property taxes and assessments shall not be considered unpaid until the date on which interest and/or penalties would be first payable thereon.

Appears in 4 contracts

Samples: Master Repurchase Agreement (Capital Trust Inc), Master Repurchase Agreement (Capital Trust Inc), Master Repurchase Agreement (Winthrop Realty Trust)

Taxes and Assessments. There are no delinquent taxesor unpaid taxes or assessments (including assessments payable in future installments), ground rents, assessments for improvements or other similar outstanding charges affecting the related any Mortgaged Property which are or may become a lien of priority equal to or higher than the lien of the related Mortgage. For purposes of this representation and warranty, real property taxes and assessments shall not be considered unpaid until the date on which interest and/or penalties would be first payable thereon.

Appears in 3 contracts

Samples: Master Repurchase Agreement (American Mortgage Acceptance Co), Master Repurchase Agreement (Anthracite Capital Inc), Master Repurchase Agreement (Winthrop Realty Trust)

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Taxes and Assessments. There are no delinquent taxesor unpaid taxes or assessments (including assessments payable in future installments), ground rents, assessments for improvements or other similar outstanding charges affecting the related any Mortgaged Property which are or may become a lien of priority equal to or higher than the lien of the related Mortgage. For purposes of this representation and warranty, real property taxes and assessments shall not be considered unpaid until the date on which interest and/or penalties would be first payable thereon.

Appears in 3 contracts

Samples: Master Repurchase Agreement (CBRE Realty Finance Inc), Master Repurchase Agreement (CBRE Realty Finance Inc), Master Repurchase Agreement (Anthracite Capital Inc)

Taxes and Assessments. There are no delinquent taxesor unpaid taxes or ---------------------- assessments (including assessments payable in future installments), ground rents, assessments for improvements or other similar outstanding charges affecting the related any Mortgaged Property which are or may become a lien of priority equal to or higher than the lien of the related Mortgage. For purposes of this representation and warranty, real property taxes and assessments shall not be considered unpaid until the date on which interest and/or penalties would be first payable thereon.

Appears in 1 contract

Samples: Master Repurchase Agreement (LNR Property Corp)

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