ABATEMENT AMOUNTS, TERMS AND CONDITIONS Sample Clauses

ABATEMENT AMOUNTS, TERMS AND CONDITIONS. Provided that Owner has closed on its purchase of the Land, the City will grant to Owner for a period of one (1) year a tax abatement on the Land and on Tangible Personal Property taxable by the City and located on the Land, as specifically provided in this Section 2 and subject to and in accordance with this Agreement (collectively, the “Abatement”). The actual amount of the Abatement granted under this Agreement shall be based upon the increase in value of the Land over its value for the 2004 tax year, which is the year in which this Agreement was entered into, and upon attainment by Owner of certain employment, contracting and spending benchmarks set forth in this Section 2. Because the Land comprises approximately 27.45% of a larger parcel of property that, as of the execution date of this Agreement, has not been separately replatted, the City and Owner agree that the 2004 base value of the land shall equal 27.45% of the real property described in and depicted on Exhibit “D”, attached hereto and hereby made a part of this Agreement for all purposes. For purposes of this Agreement, “
Sample 1
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  • Elsevier Open Access Terms and Conditions You can publish open access with Elsevier in hundreds of open access journals or in nearly 2000 established subscription journals that support open access publishing. Permitted third party re-use of these open access articles is defined by the author's choice of Creative Commons user license. See our open access license policy for more information. Terms & Conditions applicable to all Open Access articles published with Elsevier: Any reuse of the article must not represent the author as endorsing the adaptation of the article nor should the article be modified in such a way as to damage the author's honour or reputation. If any changes have been made, such changes must be clearly indicated. The author(s) must be appropriately credited and we ask that you include the end user license and a DOI link to the formal publication on ScienceDirect. If any part of the material to be used (for example, figures) has appeared in our publication with credit or acknowledgement to another source it is the responsibility of the user to ensure their reuse complies with the terms and conditions determined by the rights holder. Additional Terms & Conditions applicable to each Creative Commons user license:

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