Actual Capital Investment. Should the Governmental Unit determine that the total level of New Capital Investment is lower than provided in the Agreement, the difference between the tax abated and the tax which should have been abated based upon the actual New Capital Investment as determined shall be paid to the Governmental Unit within 60 days of notification to the Owner of such determination.
Actual Capital Investment. Should District determine that the total level of capital investment in the Eligible Property is lower than provided in the Agreement, the District, at its sole discretion, reserves the right to adjust the tax Abatement percentage to reflect the actual capital investment as determined.
Actual Capital Investment. Should County determine that the total level of capital investment in the Eligible Property is lower than provided in the Agreement, the County, at its sole discretion, reserves the right to adjust the tax Abatement percentage to reflect the actual capital investment as determined.
Actual Capital Investment. Should Fort bend County determine that the total level of capital investment in the eligible property is lower than provided in the Agreement, the County, at its sole discretion, reserves the right to adjust the tax Abatement percentage to reflect the actual capital investment as determined.
Actual Capital Investment. Should the Nueces County Appraisal District determine that the total level of Added Value during any year of the term of this Agreement after completion of the Construction Phase is lower than the Estimated Added Value such that a lower percentage of Abatement is applicable, for each year during which an Abatement has been granted the difference between the tax abated and the tax which should have been abated based upon the actual Added Value shall be determined by the Governmental Unit and paid within 60 days of written notification to the Owner of such determination.
