Common use of Taxes and Prorations Clause in Contracts

Taxes and Prorations. a. The Seller shall pay in full: (i) all special assessments against the Property upon the date of Closing, whether or not payable in installments; (ii) all taxes, other than general ad valorem taxes for the current calendar year, which are a lien on the Property upon the date of Closing, including the cost of documentary stamps to be attached to the Deed; (iii) the cost of any item of workmanship or material furnished on or prior to the date of Closing which is, or may become, a lien on the Property. b. General ad valorem taxes for the current year shall be prorated between the Seller and Buyer as of the date of Closing provided that if the amount of such taxes has not been fixed, the proration shall be based upon the rate of levy for the previous calendar year and the most current assessed value available at time of Closing.

Taxes and Prorations. a. (a) The Seller shall pay in full: : (i) all special assessments against the Property upon the date of Closing, whether or not payable in installments; ; (ii) all taxes, other than general ad valorem taxes for the current calendar year, which are a lien on the Property upon the date of Closing, including the cost of documentary stamps to be attached to the Deed; ; (iii) the cost of any item of workmanship or material furnished on or prior to the date of Closing Closing, including utility charges, which is, is or may become, become a lien on the Property; and (iv) the cost of all improvements or upgrades contemplated herein in connection with the sale of the Property. b. General ad valorem taxes for the current year (b) The following items shall be prorated between the Seller and Buyer as of the date of Closing Closing: (i) rents, if any; and (ii) general ad valorem taxes for the current calendar year, provided that that, if the amount of such taxes has not then been fixed, the proration shall be based upon the rate of levy for the previous calendar year and the most current assessed value available at time of Closingyear.

Taxes and Prorations. a. The Seller shall pay in full: (i) all special assessments against the Property upon the date of Closing, whether or not payable in installments; (ii) all taxes, other than general ad valorem taxes for the current calendar year, which are a lien on the Property upon the date of Closing, including the cost of documentary stamps to be attached to the Deed; and (iii) the cost of any item of workmanship or material furnished on or prior to the date of Closing which is, is or may become, become a lien on the Property. b. General ad valorem taxes for . Unless otherwise specified in Paragraph 13, the current year following items shall be prorated between the Seller and the Buyer as of the date of Closing Closing: (i) rents, if any; and (ii) general ad valorem taxes for the current calendar year, provided that that, if the amount of such taxes has not been fixed, the proration shall be based upon the rate of levy for the previous calendar year and the most current assessed value available at time of Closingyear.

Taxes and Prorations. a. (a) The Seller shall pay in full: : (i) all special existing improvement liens or other assessments against affecting the Property upon the date of Closing, whether such liens or not payable in installments; assessments are then due and payable, bonded or otherwise due on one or more future dates; (ii) all taxes, other than general ad valorem taxes for the current calendar year, which are a lien on the Property upon the date of Closing, including the cost of documentary stamps to be attached to the Deed; and (iii) the cost of any item of workmanship or material furnished on or prior to the date of Closing which isClosing, including utility charges, except those costs or may become, a lien on utility charges incurred at the Propertydirection of Buyer. b. General ad valorem taxes for the current year (b) The following items shall be prorated between the Seller and Buyer as of the date of Closing Closing: (i) rents, if any; and (ii) general ad valorem taxes for the current calendar year, provided that that, if the amount of such taxes has not then been fixed, the proration shall be based upon the rate of levy for the previous calendar year and the most current assessed value available at time adjusted upon receipt of Closingactual bills.