Common use of ROLLBACK TAXES Clause in Contracts

ROLLBACK TAXES. If a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in the assessment after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus any penalties and interest shall be paid by Purchaser. This obligation shall survive the Closing.

Appears in 1 contract

Sources: Commercial Contract of Sale (Haggar Corp)

ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in the assessment after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus any penalties and interest shall be paid by PurchaserSeller to Purchaser immediately upon receipt by Seller of a statement for the taxes, unless this box [ ] is checked in which case Purchaser shall pay the additional taxes plus any penalties and interest. This obligation shall survive the Closing.

Appears in 1 contract

Sources: Commercial Contract of Sale (Bollinger Industries Inc)

ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in the assessment after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus any penalties and interest shall be paid by PurchaserSeller to Purchaser immediately upon receipt by Seller of a statement for the taxes, unless this box / / is checked in which case Purchaser shall pay the additional taxes plus any penalties and interest. This obligation shall survive the Closing.

Appears in 1 contract

Sources: Commercial Contract of Sale (Cerprobe Corp)

ROLLBACK TAXES. If a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in the assessment after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus any penalties and interest shall be paid by Purchaser. This obligation shall survive the Closing.

Appears in 1 contract

Sources: Commercial Contract of Sale (Haggar Corp)

ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a any special use valuation on the Property claimed by Seller results in the assessment after Closing of additional taxes for periods applicable to the period of Seller's ownershiptime before the Closing, Seller shall pay to Purchaser the additional taxes plus any penalties and interest immediately upon receipt of a written statement for the taxes, unless this box o is checked in which case Purchaser shall be paid by Purchaserpay the additional taxes plus any penalties and interest. This obligation shall will survive the Closing.

Appears in 1 contract

Sources: Commercial Contract of Sale (Kent International Holdings Inc)

ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in the assessment assessments after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus any an penalties and interest shall be paid by PurchaserSeller to Purchaser immediately upon receipt by Seller of a statement for the taxes, unless this box [ ] is checked in which case Purchaser shall pay the additional taxes plus any additional penalties and interest. This obligation shall survive the Closing.

Appears in 1 contract

Sources: Commercial Contract of Sale (Broadview Media Inc)