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Real Estate Taxes
Real Estate Taxes contract clause examples

Real Estate. As of the Closing Date, [Schedule 4.13] contains a true, accurate and complete list of # all Real Estate Assets, and # all leases or subleases (together with all amendments, modifications, supplements, renewals or extensions of any thereof), if any, affecting each Real Estate Asset of any Loan Party, regardless of whether such Loan Party is the landlord or tenant (whether directly or as an assignee or successor in interest) under such lease or sublease. Each agreement listed in clause (ii) of the immediately preceding sentence is in full force and effect and Holdings does not have knowledge of any material default that has occurred and is continuing thereunder, and each such agreement constitutes the legally valid and binding obligation of each applicable Loan Party, enforceable against such Loan Party in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles.

Real Estate Taxes. Seller shall pay any real estate and personal property taxes and assessments with respect to the Property which are due and payable on or prior to the Closing Date. For clarification, Seller shall, at or prior to Closing, pay or credit Purchaser for all 2021 tax year real estate taxes (which are due and payable in calendar year 2022). There shall be a proration of 2022 tax year real estate taxes for the period from January 1, 2022, through the date of the Closing (the “Proration Period”) based on the amount of the 2021 tax year real estate taxes. Real estate taxes shall be reprorated upon issuance of the final tax bill. If, after the Closing, Purchaser receives (in the form of a rent) any amounts applicable to real estate taxes for the Proration Period, then Purchaser shall reimburse Seller for such closing credit based upon the amount actually received from Tenant.

Real Estate Taxes. Tenant shall reimburse Landlord for Tenant’s Percentage of all Taxes (“Tenant’s Tax Payment”) attributable to any portion of the term of this Lease, as Additional Rent.

Real Estate Taxes. Tenant shall pay the Real Estate Taxes incurred during or attributable to the Lease Term as Additional Rent as follows:

Management fees and personnel costs (including all fringe benefits, workers’ compensation insurance premiums and payroll taxes);

Real Estate Taxes. During the Term of this Lease Agreement and any renewals or extensions thereof, Tenant shall pay its pro rata share of the Real Estate Taxes. The term “Real Estate Taxes” herein shall mean the total of all taxes, fees, charges and assessments, general and special, ordinary and extraordinary, foreseen and unforeseen, which become due or payable against or upon the Building or the parcel(s) of land upon which it is located. All reasonable attorneys’ fees and other reasonable costs and expenses incurred by Landlord during negotiations for or contests of the amount of Real Estate Taxes shall be included within the term “Real Estate Taxes”. The term “Real Estate Taxes” shall not include # federal, state or local income taxes, or any other tax measured by Landlord’s income or the rents paid at the Building; # franchise, gift, transfer, excise, transfer, capital stock, estate, succession or inheritance taxes; and # penalties or interest on late payment of Real Estate Taxes. In the event the taxing authorities include in the Real Estate Taxes the value of any machinery, equipment, inventory or other personal property or assets of Tenant, then Tenant shall pay, as Additional Rent, all of the taxes attributable to such items in addition to its pro rata share of said aforementioned Real Estate Taxes.

Real Estate Taxes. Evidence satisfactory to Administrative Agent that real estate taxes due and payable with respect to the Punta Gorda Parcel, if any, have been paid in full. In connection therewith, Borrower shall deliver to Administrative Agent copies of the most recent real estate tax bills for the Punta Gorda Parcel.

Real Estate Taxes. General real estate taxes, special assessments and personal property taxes relating to the Property (including the personal property) # for each day in 2018 and all tax years prior to the Date of Closing shall be fully paid or credited to the Buyer at Closing (in accordance with the terms hereof), and # accrued and payable for each day in 2019 shall be prorated with respect to the Property with Seller responsible for payment of such taxes through 11:59 p.m. on the date before the Date of Closing and Buyer shall pay the taxes related to the period for which a credit is provided at Closing. If tax bills for the calendar year 2019 are not available as to the taxes that are to be prorated, then such taxes to be prorated between Seller and Buyer shall be prorated based on 100% of the most recent tax bills and, such proration shall be final and shall not be reprorated upon the availability of actual bills for the applicable period.

Real Estate Taxes. Tenant shall reimburse Landlord for Tenant’s Percentage of all Taxes (“Tenant’s Tax Payment”) attributable to any portion of the term of this Lease, as Additional Rent. Except as otherwise provided in the immediately following paragraph, Tenant shall pay Tenant’s Tax Payment to Landlord at least ten (10) days prior to the date or dates within any year during the term hereof that Taxes, or any fractional share thereof, shall be due and payable to any governmental authority responsible for collection of same (as stated in a notice to Tenant given at least thirty (30) days prior to the date or dates any such payment shall be due, which notice shall set forth the manner of computation of Tenant’s Tax Payment due from Tenant, except that such payment shall be made to Landlord not later than thirty (30) days after such notice to Tenant if such notice is given subsequent to the date thirty (30) days prior to the date such portion of Taxes is due and payable as aforesaid).

Real Estate Taxes. Evidence reasonably satisfactory to Administrative Agent that real estate taxes due and payable with respect to the Land, if any, have been paid in full. In connection therewith, Borrower shall deliver to Administrative Agent copies of the most recent real estate tax bills for the Property.

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