Schedule B Tax Liens definition

Schedule B Tax Liens. Any “tax lien” as defined in Section 11-301 of the City Admin. Code transferred to the Trust on the applicable Sale Date, unless the parties hereto agree to another date, but not later than February 28, 2022, which shall not include (A) any Tax Lien designated by the City after the applicable Sale Date and prior to the Closing Date that will not be transferred to the Trust; provided, however, that the aggregate applicable Sale Date Redemptive Value of all such designated Tax Liens shall not exceed 10% of the aggregate applicable Sale Date Redemptive Value of the applicable Tax Liens prior to giving effect to such designations and (B) in the case of a Bankruptcy Tax Lien, any penalty amounts, including, but not limited to, the 5% surcharge and any interest rate increases described in Section 11-332 of the Enabling Act. The Schedule B Tax Liens relate to the properties listed in Schedule B hereto.
Sample 1
Schedule B Tax Liens shall have the meaning assigned such term in the 2003 Purchase Agreement.
Sample 1Sample 2
Schedule B Tax Liens. Any “tax lien” as defined in Section 11-301 of the City Admin. Code transferred to the Trust on the applicable Sale Date, unless the parties hereto agree to another date, but not later than November 9, 2017, which shall not include (A) any Tax Lien designated by the City after the applicable Sale Date and prior to the Closing Date; provided, however, that the aggregate applicable Sale Date Redemptive Value of all such designated Tax Liens shall not exceed 10% of the aggregate applicable Sale Date Redemptive Value of the applicable Tax Liens prior to giving effect to such designations and (B) in the case of a Bankruptcy Tax Lien, any penalty amounts, including, but not limited to, the 5% surcharge and any interest rate increases described in Section 11-332 of the Enabling Act. The Schedule B Tax Liens relate to the properties listed in Schedule B hereto.
Sample 1

Examples of Schedule B Tax Liens in a sentence

  • The Trust hereby promises to furnish to the Seller on the Closing Date, (a) cash, in immediately available funds, and (b) the increased beneficial Ownership Interest in the Trust in accordance with the Trust Agreement, as determined by the Commissioner of Finance of the City of New York, against delivery of the related Tax Lien Certificates for the Schedule B Tax Liens on the Closing Date by the Seller to the Trust or its designee.

  • Limitation of Liability of Trustee and Seller 16 SCHEDULES SCHEDULE A Schedule A Tax Liens SCHEDULE B Schedule B Tax Liens SCHEDULE C Bankruptcy Tax Liens SCHEDULE D Form of Tax Lien Purchase Agreement for Schedule B Tax Liens PURCHASE AND SALE AGREEMENT, dated as of August 2, 2019 (this “Agreement”) between NYCTL 1998-2 TRUST, a Delaware statutory trust (the “Trust”), and THE CITY OF NEW YORK (the “City” or the “Seller”).

  • The Trustor hereby agrees to sell, assign, transfer, convey and set over to the Trust on the Closing Date with respect to the Schedule B Tax Liens, without recourse, the increase in the Ownership Interest that the City will receive as a part of the purchase price for the Schedule B Tax Liens, and the Trust agrees to purchase such increase in the Ownership Interest.

  • Limitation of Liability of Trustee and Seller 17 SCHEDULES SCHEDULE A Schedule A Tax Liens SCHEDULE B Schedule B Tax Liens SCHEDULE C Bankruptcy Tax Liens SCHEDULE D Form of Tax Lien Purchase Agreement for Schedule B Tax Liens PURCHASE AND SALE AGREEMENT, dated as of December 17, 2021 (this “Agreement”) between NYCTL 1998-2 TRUST, a Delaware statutory trust (the “Trust”), and THE CITY OF NEW YORK (the “City” or the “Seller”).

  • Limitation of Liability of Trustee and Seller 16 SCHEDULES SCHEDULE A Schedule A Tax Liens SCHEDULE B Schedule B Tax Liens SCHEDULE C Bankruptcy Tax Liens SCHEDULE D Form of Tax Lien Purchase Agreement for Schedule B Tax Liens PURCHASE AND SALE AGREEMENT, dated as of May 18, 2018 (this “Agreement”) between NYCTL 1998-2 TRUST, a Delaware statutory trust (the “Trust”), and THE CITY OF NEW YORK (the “City” or the “Seller”).

  • Limitation of Liability of Trustee and Seller 16 SCHEDULES SCHEDULE A Schedule A Tax Liens SCHEDULE B Schedule B Tax Liens SCHEDULE C Bankruptcy Tax Liens SCHEDULE D Form of Tax Lien Purchase Agreement for Schedule B Tax Liens PURCHASE AND SALE AGREEMENT, dated as of May 12, 2017 (this “Agreement”) between NYCTL 1998-2 TRUST, a Delaware statutory trust (the “Trust”), and THE CITY OF NEW YORK (the “City” or the “Seller”).


More Definitions of Schedule B Tax Liens

Schedule B Tax Liens shall have the meaning set forth in the Purchase and Sale Agreement.
Sample 1

Related to Schedule B Tax Liens

  • Permitted Encumbrances means:

  • Permitted Liens means, with respect to any Person:

  • Permitted Encumbrance means, with respect to any Mortgaged Property, such exceptions to title as are set forth in the Mortgage Policy delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.

  • Owned Real Property has the meaning set forth in Section 4.10(a).