Property Taxes definition
Examples of Property Taxes in a sentence
Within ten (10) days of receipt of such statement and proof of payment, the Company, or the Seller in lieu thereof, shall reimburse Buyer for the Seller’s pro-rated portion of such Property Taxes owed.
The Buyer shall pay or cause to be paid, when due, to the applicable Taxing authority all Property Taxes relating to the Tax period during which the Closing Date occurs.
Buyer shall send to the Company a statement that apportions the Property Taxes between Buyer on the one hand, and the Company on the other hand, based upon Property Taxes actually invoiced and paid to the Taxing authority by Buyer for the Tax period that includes the Closing Date, with the Company, or the Seller in lieu thereof, being responsible for the period prior to and including the Closing Date and the Buyer being responsible for the period subsequent to the Closing Date.