Examples of Estimated Property Taxes in a sentence
Prior to the Closing Date, GES and the Company shall jointly, in good faith, estimate the amount of Property Taxes for which GES is liable with regard to Straddle Periods pursuant to this Section 9.10(c) (the “Estimated Property Taxes”), and GES shall make a cash payment at the Closing to the Company for the amount of the Estimated Property Taxes.
For any period during the Lease Term that the Premises consists of both the Initial Premises and the Expansion Premises, Tenant shall pay Estimated Operating Costs Allocable to the Premises, Operating Costs Allocable to the Premises, Estimated Property Taxes Allocable to the Premises, and Property Taxes Allocable to the Premises with respect to both the Initial Premises and the Expansion Premises, subject to the terms set forth herein.
If such costs for any Year exceed the Estimated Operating Costs Allocable to the Premises or the Estimated Property Taxes Allocable to the Premises paid by Tenant to Landlord pursuant to subparagraph 3.4.1 for such Year, Tenant shall pay the amount of such excess to Landlord within twenty (20) Business Days after receipt of such statement by Tenant.
For any period during the Lease Term that the Premises consists of the Initial Premises, the Expansion Premises and the Second Expansion Premises, Tenant shall pay Estimated Operating Costs Allocable to the Premises, Operating Costs Allocable to the Premises, Estimated Property Taxes Allocable to the Premises, and Property Taxes Allocable to the Premises with respect to the Initial Premises, the Expansion Premises and the Second Expansion Premises, subject to the terms set forth herein.
If such costs for any Year exceed the Estimated Operating Costs Allocable to the Premises or the Estimated Property Taxes Allocable to the Premises paid by Tenant to Landlord pursuant to subparagraph 3.4.1 for such Year, Tenant shall pay the amount of such excess to Landlord with in twenty (20) Business Days after receipt of such statement by Tenant.
At Closing, the Buyer shall deliver to the Sellers an aggregate amount equal to $7,900,000 (the “Cash Closing Payment”) less the Estimated Property Taxes, in immediately available funds by wire transfer to one or more accounts designated by the Sellers in writing.
Paid each quarter from rentals Estimated Property Taxes Payable 88,422.00 Amt Col from Customers for Estimated Taxes Jamaica Insurance Payable 78,867.89 Accrued Sales Tax Payable 177,192.64 Sales Tax Payable 1,659.81 Total Other Liabilities 435,812.34 *Taxes subject to Section 1.5 are governed thereby.
Within ten (10) days of the completion of the calculation of Actual Property Taxes, Buyer or Sellers, as applicable, shall reimburse the other party to the extent such other party overpaid any Property Taxes as a result of a difference between the amount of Estimated Property Taxes and Actual Property Taxes, and to the extent that funds remain in the Holdback Amount, Buyer shall be permitted to be paid any such reimbursement from such Holdback Amount.
If such prorated costs exceed the Estimated Operating Costs for the Premises together with the Estimated Property Taxes for the Premises paid by Tenant to Landlord for such Year, Tenant shall pay the amount of such excess to Landlord within twenty (20) Business Days after receipt of such statement.
Prior to the Closing Date, the Buyer and the Sellers shall jointly, in good faith, estimate the amount of Property Taxes payable by the Sellers with regard to Straddle Periods pursuant to this Section 7.2 (the “Estimated Property Taxes”), and Buyer shall receive a credit against the amount due to the Sellers at Closing for the amount of the Estimated Property Taxes.