Common use of Taxes and Prorations Clause in Contracts

Taxes and Prorations. The real estate taxes, personal property taxes on any tangible personal property, bond payments assumed by the Buyer, interest, rents (based on actual collected rents), association dues, insurance premiums acceptable to Buyer, and operating expenses will be prorated through the day before Closing. If the amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at the request of either party, be readjusted upon receipt of the current year's tax xxxx; this provision will survive the Closing.

Appears in 132 contracts

Samples: Commercial Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement

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Taxes and Prorations. The real estate taxes, personal property taxes on any tangible personal property, bond payments assumed by the Buyer, interest, rents (based on actual collected rents), association dues, insurance premiums acceptable to Buyer, and operating expenses will be prorated through the day before Closing. If the amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at the request of either party, be readjusted upon receipt of the current year's tax xxxxbill; this provision will survive the Closing.

Appears in 33 contracts

Samples: Commercial Real Estate Purchase Agreement, Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement

Taxes and Prorations. The real Real estate taxes, personal property taxes on any tangible personal property, bond payments assumed by the Buyer, interest, rents (based on actual collected rents), association dues, insurance premiums acceptable to Buyer, and operating expenses will be prorated through the day before Closingclosing. If the amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at the request of either party, be readjusted upon receipt of the current year's tax xxxxbxxx; this provision will survive the Closingclosing.

Appears in 2 contracts

Samples: Commercial Contract (Sunshine Financial Inc), Commercial Contract (Sunshine Financial Inc)

Taxes and Prorations. The real Real estate taxes, personal property taxes on any tangible personal property, bond payments assumed by the Buyer, interest, rents (based on actual collected rents), association dues, insurance premiums acceptable to Buyer, and operating expenses will be prorated through the day before Closingclosing. If the amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at the request of either party, be readjusted upon receipt of the current year's ’s tax xxxxbxxx; this provision will survive the Closingclosing.

Appears in 1 contract

Samples: Purchase Agreement (Rich Uncles NNN REIT, Inc.)

Taxes and Prorations. The real estate taxes, personal property taxes on any tangible tangi- ble personal property, bond payments assumed by the Buyer, interest, rents (based on actual collected rents), association dues, insurance premiums acceptable to Buyer, and operating expenses will be prorated through the day before Closing. If the amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at the request of either party, be readjusted upon receipt of the current year's tax xxxx; this provision will survive the Closing.

Appears in 1 contract

Samples: Commercial Real Estate Purchase Agreement

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Taxes and Prorations. The real estate taxes, personal property taxes on any tangible personal property, bond payments assumed by the Buyer, interest, rents (based on actual collected rents), association dues, insurance premiums acceptable to Buyer, and operating operat- ing expenses will be prorated through the day before Closing. If the amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at the request of either party, be readjusted upon receipt of the current year's tax xxxxbill; this provision will survive the Closing.

Appears in 1 contract

Samples: Real Estate Purchase Agreement

Taxes and Prorations. The real Real estate taxes, personal property taxes on any tangible personal property, bond 181 payments assumed by the Buyer, interest, rents (based on actual collected rents), association dues, insurance 182 premiums acceptable to Buyer, and operating expenses will be prorated through the day before Closingclosing. If the 183 amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due 184 allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at the request 185 of either party, be readjusted upon receipt of the current year's ’s tax xxxxbill; this provision will survive the Closingclosing.

Appears in 1 contract

Samples: Commercial Contract

Taxes and Prorations. The real estate taxes, personal property taxes on any tangible personal property, bond payments assumed by the Buyer, interest, rents (based on actual collected rents), association dues, insurance premiums acceptable to the Buyer, and operating expenses will be prorated through the day before Closing. If the amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at the request of either party, be readjusted upon receipt of the current year's tax xxxxbill; this provision will survive the Closing.

Appears in 1 contract

Samples: Commercial Real Estate Purchase Agreement

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