Ad Valorem Tax Exemption Sample Clauses

Ad Valorem Tax Exemption. The Company hereby acknowledges and agrees that the Company shall only be entitled to an ad valorem tax exemption from city or county ad valorem taxes regarding the Project upon making proper application to and obtaining the approval of the respective Mississippi city or county in which the Project is located. Any such ad valorem tax exemption may be granted for a term of up to ten (10) years with the approval of each respective Mississippi city or county in which the Project is located, and in accordance with additional requirements under State law.
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Ad Valorem Tax Exemption. In consideration of (i) the issuance by the Issuer of its Taxable Industrial Revenue Bonds (Culinary Center – WSU Tech), in the principal amount of not to exceed $10,000,000 (the “Bonds”) to finance the acquisition, construction, equipping and making further improvements to an existing facility located at ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ in the City of Wichita, Kansas (the “Project”) to be leased by the Issuer to the Tenant and subleased by the Tenant to Wichita State University Campus of Applied Sciences and Technology (the “Subtenant” or “WSU Tech”); (ii) the Tenant's execution of the lease of the Project financed with the proceeds of the Bonds; (iii) the Subtenant's execution of a sublease of a substantial portion of the Project financed with the proceeds of the Bonds; (iv) the laws of the State of Kansas affording exemption from ad valorem property taxation for the portion of the Project acquired, purchased or constructed with the proceeds of the Bonds for a period commencing with the year after calendar year in which the Bonds are issued, and (v) the agreement by the Issuer to apply for such exemption if the payments provided for herein are made, the Tenant agrees to make payments in the amounts specified herein, in the manner provided for herein. Any special assessments levied against the real property portion of the Project, if any, shall not abated and shall continue to be the obligation of the Tenant, payable in the manner provided by law.
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Ad Valorem Tax Exemption. Pursuant to Ordinance No. [ORDINANCE NUMBER], City shall provide an EDAVTE of [##] percent ([##]%) of the assessed value of the net increase in qualifying improvements to real property and qualifying tangible personal property as set forth in the [COMPANY NAME] Application] to facilitate the expansion of its business (the “[COMPANY NAME] Ad Valorem Tax Exemption”) for a period of [NUMBER] tax years (the “Exemption Period”), commencing with Tax Year [COMMENCEMENT YEAR] through Tax Year [EXPIRATION YEAR].
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Ad Valorem Tax Exemption. The parties agree that this Lease Agreement shall not be effective until such time as an Ad Valorem Tax Exemption Application and Return submitted by TENANT for use of the Leased Property has been approved by the Broward County Property Appraiser. TENANT shall bear all cost associated with the submittal of the Ad Valorem Tax Exemption Application and Return. If the Leased Property is made subject to ad valorem taxes as a result of TENANT’s use of the property, TENANT shall reimburse SBBC for any such levied ad valorem taxes within thirty (30) calendar days of TENANT’s receipt of a demand for reimbursement from SBBC. The Broward County Property Appraiser’s denial of an Ad Valorem Tax Application and Return for TENANT’s use of the Leased Property shall constitute cause for SBBC’s immediate termination of this Lease Agreement. In the event of such termination, no damages of any kind, fees, costs, expenses, penalties, lost profits, reimbursements and the like shall accrue to SBBC.
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Related to Ad Valorem Tax Exemption

  • SALES TAX EXEMPTION The Services under the Contract will be paid for from the Department’s funds and used in the exercise of the Department’s essential functions as a State of Utah entity. Upon request, the Department will provide Contractor with its sales tax exemption number. It is Contractor’s responsibility to request the Department’s sales tax exemption number. It is Contractor’s sole responsibility to ascertain whether any tax deductions or benefits apply to any aspect of the Contract.

  • TAX EXEMPTION The Department of Montana is exempt from Federal Excise Taxes (#▇▇-▇▇▇▇▇▇▇).

  • Tax Exemptions Ontario Universities and College Residences are tax-exempt and Residents are not charged taxes on Residence fees. As such, the Resident may claim only $25 as the occupancy cost for the part of the year lived in Residence. If filing either a paper or an electronic income tax return, the Resident does not need to include receipts with the tax return. For that reason, Humber Residences does not provide tax receipts.

  • Withholding Tax Exemption At least five Business Days prior to the first date on which interest or fees are payable hereunder for the account of any Lender, each Lender that is not incorporated under the laws of the United States of America, or a state thereof, agrees that it will deliver to each of the Borrower and the Agent two duly completed copies of United States Internal Revenue Service Form 1001 or 4224, certifying in either case that such Lender is entitled to receive payments under this Agreement and the Notes without deduction or withholding of any United States federal income taxes. Each Lender which so delivers a Form 1001 or 4224 further undertakes to deliver to each of the Borrower and the Agent two additional copies of such form (or a successor form) on or before the date that such form expires (currently, three successive calendar years for Form 1001 and one calendar year for Form 4224) or becomes obsolete or after the occurrence of any event requiring a change in the most recent forms so delivered by it, and such amendments thereto or extensions or renewals thereof as may be reasonably requested by the Borrower or the Agent, in each case certifying that such Lender is entitled to receive payments under this Agreement and the Notes without deduction or withholding of any United States federal income taxes, unless an event (including without limitation any change in treaty, law or regulation) has occurred prior to the date on which any such delivery would otherwise be required which renders all such forms inapplicable or which would prevent such Lender from duly completing and delivering any such form with respect to it and such Lender advises the Borrower and the Agent that it is not capable of receiving payments without any deduction or withholding of United States federal income tax.

  • Ad Valorem Taxes Prior to delinquency, Tenant shall pay all taxes and assessments levied upon trade fixtures, alterations, additions, improvements, inventories and personal property located and/or installed on or in the Premises by, or on behalf of, Tenant; and if requested by Landlord, Tenant shall promptly deliver to Landlord copies of receipts for payment of all such taxes and assessments. To the extent any such taxes are not separately assessed or billed to Tenant, Tenant shall pay the amount thereof as invoiced by Landlord.