Taxes, Assessments, Encumbrances and Liens. The Developer shall pay when due all real estate taxes and assessments assessed and levied on the Site for any period subsequent to conveyance of title for the Site and delivery of possession thereof to the Developer. Subject to the provisions of Section 314 below, prior to the issuance of a Certificate of Completion for the Site or a Phase or any portion thereof, the Developer shall not place or allow to be placed on the Site or such Phase or portion thereof, as applicable, any mortgage, trust deed, encumbrance or lien unauthorized by this Agreement. The Developer shall remove or have removed any unpermitted levy or attachment made on the Site (or any portion thereof), or shall assure the satisfaction thereof, within a reasonable time, but in any event prior to a sale thereunder. Nothing herein contained shall be deemed to prohibit the Developer or its successors or assigns from contesting the validity or amounts of any tax, assessment, encumbrance or lien, nor to limit the remedies available to the Developer in respect thereto; provided, however, that for a period of five (5) years following the issuance by the Agency of the allocation bonds to finance all or a part of its obligations under this Agreement, the Developer or a successor or assign undertaking vertical development on the Site (exclusive of home buyers or purchasers or tenants of completed buildings) shall not contest the assessor's valuation of taxable property owned by it to obtain a reduction in such assessed valuation below that amount of the property valuation for property tax purposes relied upon by the Agency to project Agency receipt of annual tax increment to support the issuance of tax allocation bonds by the Agency, if as a direct result of such reduction in the assessed value of the property the Agency will experience a shortfall in its receipt of the amount of tax increment below the amount required to make annual debt service payments and maintain required debt service ratios under such tax allocation bonds ("Bond Deficiency"). If the Developer or a successor or assign undertaking vertical development on the Site shall be in violation of the preceding sentence, then, in such event and for so long as such violation continues and there is a Bond Deficiency resulting therefrom, the Developer or such successor or assign, as applicable, shall make annual payments directly to the Agency, as in lieu property tax payments ("In Lieu Property Tax Payments") in the amount of such Bond Defi...
Taxes, Assessments, Encumbrances and Liens. A. The Developer shall pay when due all real estate taxes and assessments on the Redevelopment District. Nothing herein shall be deemed to prohibit the Developer from contesting the validity or amounts of any tax, assessment, encumbrance or lien, nor to limit the remedies available to the Developer in respect thereto. The Developer and any other owners of real property in the Redevelopment District shall promptly notify the City in writing of a protest of real estate taxes or valuation of the Developer’s or such other owners’ property within the Redevelopment District.
Taxes, Assessments, Encumbrances and Liens. The Redeveloper shall pay, or cause to be paid, when due all sales taxes, real estate taxes and assessments on the Property which the Redeveloper is responsible to pay.
Taxes, Assessments, Encumbrances and Liens. If applicable, City shall pay, when due, all real estate taxes and assessments assessed or levied prior to conveyance of the Site. Developer shall pay, when due, all real estate taxes and assessments assessed or levied subsequent to conveyance of the Site that relate to periods after the conveyance of the Site, if any. Prior to conveyance of the Site, Developer shall not place or allow to be placed thereon any Mortgage (except mechanic’s liens prior to suit to foreclose the same being filed) prohibited by this Agreement. Developer shall remove or have removed any levy or attachment made on the Site after Closing and as a result of Developer’s activities, or assure the satisfaction thereof, within a reasonable time, but in any event prior to any foreclosure or execution of any kind upon such levy or attachment. Nothing herein contained shall be deemed to prohibit Developer from contesting the validity or amounts of any tax, assessment, encumbrance or lien, or to limit the remedies available to Developer in respect thereto. L. (§ 713) Rights of Mortgage Holders of Approved Security Interests in Site.
Taxes, Assessments, Encumbrances and Liens. A. So long as the Developer owns real property within the Project Site, the Developer shall pay when due all real estate taxes and assessments on the property it owns within the Project Site. In the event that the Developer shall fail to pay all such applicable real estate taxes and assessments, the parties understand and agree that the Unified Government may suspend all reimbursements of Reimbursable Project Costs during any time that such real estate taxes and assessments on the property the Developer owns within the Project Site remain unpaid. Notwithstanding the foregoing, nothing contained in this Agreement shall prohibit the Developer from contesting the assessed value of the properties, improvements or the taxes thereon in good faith by appropriate proceedings; provided however that (i) Developer shall pay any and all amounts that are contested under protest while any such proceedings are pending, and (ii) the Unified Government shall suspend all reimbursements of Real Property Tax Revenues during any time that such proceedings are pending final resolution. The Developer and any other owners of real property within the Project Site shall promptly notify the Unified Government in writing of a protest of real estate taxes or valuation of the Developer's or such other owners' property within the Project Site.
Taxes, Assessments, Encumbrances and Liens. Developer shall pay, prior to delinquency, all real estate taxes and assessments assessed and levied on the Property (or applicable portion thereof acquired by Developer) after the Developer’s acquisition of fee title thereto and prorated taxes and assessments under Section 5.10.4 allocable to the Developer’s period of ownership.
Taxes, Assessments, Encumbrances and Liens. The Redeveloper shall pay when due all real estate taxes and assessments assessed and levied on the Site for any period subsequent to conveyance of title to or delivery of possession of the Site. Prior to the conveyance of a Certificate of Completion, the Redeveloper shall not place or allow to be placed on the Site any mortgage, trust deed, encumbrance or lien unauthorized by this Agreement. The Redeveloper shall remove or have removed any levy or attachment made on the Site (or any portion thereof), or shall assure the satisfaction thereof, within a reasonable time, but in any event prior to a sale thereunder. Nothing herein contained shall be deemed to prohibit the Redeveloper from contesting the validity or amounts of any tax, assessment, encumbrance or lien, nor to limit the remedies available to the Redeveloper in respect thereto; notwithstanding, neither the Agency nor the City of Hawaiian Gardens may at any time designate the Site or any property or business in, on or about the Site, or any other property or business located at or near the Site on property now owned or hereafter acquired by Redeveloper as a special assessment district or single out the Site, or any property or business in, on or about the Site, or any other property or business located at or near the Site on property now owned or hereafter acquired by Redeveloper, for greater tax assessments or treatment (including, but not limited to, business license or other taxes) that established for all other properties or businesses within the City of Hawaiian Gardens, nor may any such taxes, assessments or treatment (including, but not limited to, business license or other taxes) be hereafter increased by any percentage greater than such increases for all other properties and businesses within the City of Hawaiian Gardens. Any owner of the Site or any property or business in, on or about the Site, or any other property or business located at or near the Site on property now owned or hereafter acquired by Redeveloper shall have the right to recycle their own trash and/or disposables. The covenants of the Redeveloper set forth in this Section 315 relating to the placement of any unauthorized mortgage, trust deed, encumbrance or lien shall remain in effect only until a Certificate of Completion of Construction has been recorded with respect to the Site upon which any unauthorized mortgage, trust deed, encumbrance or lien might be placed.
Taxes, Assessments, Encumbrances and Liens. Developer shall pay, when due, all real estate taxes and assessments assessed or levied subsequent to conveyance of the Site, if any. Until the date Developer is entitled to the issuance of a Certificate of Completion (as defined in Section 513) executed by Owner, Developer shall not place or allow to be placed thereon any mortgage, trust deed, encumbrance or lien (except mechanic’s liens prior to suit to foreclose the same being filed) prohibited by this Agreement. Developer shall remove or have removed any levy or attachment made on the Site, or assure the satisfaction thereof, within a reasonable time, but in any event prior to a sale to any third party, subject to the terms of this Agreement. Nothing herein contained shall be deemed to prohibit Developer from contesting the validity or amounts of any tax, assessment, encumbrance or lien, nor to limit the remedies available to Developer in respect thereto.
Taxes, Assessments, Encumbrances and Liens. Borrower shall be solely responsible for payment of all fees, assessments, taxes, charges, and levies imposed by any public authority or utility company with respect to the Property and Project and shall pay such charges prior to delinquency.
Taxes, Assessments, Encumbrances and Liens. Prior to recordation of a Certificate of Compliance for the Project pursuant to Section 324 of this Agreement, the Developer shall not place or allow to be placed on the Site, or any portion thereof, any mortgage, trust deed, encumbrance or lien not authorized by this Agreement and the Developer shall remove, or shall have removed, any levy or attachment made on the Site, or any portion thereof, or shall assure the satisfaction thereof within a reasonable time. Nothing herein contained shall be deemed to prohibit the Developer from contesting the validity or amounts of any tax, assessment, encumbrance or lien, nor to limit the remedies available to the Developer with respect thereto, provided such contest does not subject the Site, or any portion thereof, to forfeiture or sale.
