Common use of Amount of Payments; Place of Payment Clause in Contracts

Amount of Payments; Place of Payment. In lieu of all general ad valorem real and personal property taxes on the Project as permitted by K.S.A. 79-201a Second, for the 10 calendar years commencing with the first calendar year after the calendar year in which the Bonds are issued, the Tenant shall pay, if due, by separate check to the Treasurer of Xxxxxxx County, Kansas (the “County”), or other appropriate officer as required by the laws of the State of Kansas, a payment in lieu of taxes (“PILOT”) in the amount calculated pursuant to Exhibit B to this Agreement as adjusted as provided therein and, if applicable, in accordance with Section 8 of this Agreement. Such amount shall be billed to the Tenant by statement of the County Clerk of the County (or such other appropriate officer of the County or City) which xxxx shall be issued approximately contemporaneously with the issuance of general tax bills in the State of Kansas and shall be due on the dates and in the percentages ad valorem property taxes are due in the State of Kansas. Currently, tax bills are issued by November 20th of each year and are due as follows: one‑half (1/2) on or before December 20th in respect of the PILOT for the then current calendar year, and the remainder for such calendar year on or before May 10th of the following calendar year. There shall be no property tax exemption for the land or for any portion of the facility or equipment located at the Project site or elsewhere that has not been financed with the proceeds of the Bonds unless such portion of the facility or equipment has been specifically exempted from taxation in connection with, and purchased with the proceeds of, another series of industrial revenue bonds subsequently issued by the City. Further, and notwithstanding anything in this Agreement to the contrary, the property tax exemption referred to in this Section shall not exempt the Project or any portion thereof from any tax levy which, at the time of the issuance of the Bonds, cannot be abated pursuant to Kansas law.

Amount of Payments; Place of Payment. In lieu of all general ad valorem real and personal property taxes on the portion of the Project financed with the proceeds of the Bonds as permitted by K.S.A. 79-201a Second, for the 10 calendar years commencing with the first calendar year after the calendar year in which the Bonds are issued, the Tenant Company shall pay, if due, by separate check to the Treasurer of Xxxxxxx Countythe Unified Government of Wyandotte County and Kansas City, Kansas (the “County”), or other appropriate officer as required by the laws of the State of Kansas, a payment in lieu of taxes (“PILOT”) in the amount calculated pursuant reflected on Exhibit C to Exhibit B to this Agreement as adjusted as provided therein and, if applicable, in accordance with Section 8 of this Agreement. Such amount shall be billed to the Tenant Company by statement of the County Clerk of the County (or such other appropriate officer of the County or City) which xxxx shall be issued approximately contemporaneously with the issuance of general tax bills in the State of Kansas and shall be due on the dates and in the percentages ad valorem property taxes are due in the State of Kansas. Currently, tax bills are issued by November 20th of each year and are due as follows: one‑half (1/2) on or before December 20th in respect of the PILOT for the then current calendar year, and the remainder for such calendar year on or before May 10th of the following calendar year. There shall be no property tax exemption for the land or for any portion of the facility or equipment located at the Project site Site or elsewhere that has not been financed with the proceeds of the Bonds unless such portion of the facility or equipment has been specifically exempted from taxation in connection with, and purchased with the proceeds of, another series of industrial revenue bonds subsequently issued by the City. Further, and notwithstanding anything in this Agreement to the contrary, the property tax exemption referred to in this Section shall not exempt the Project or any portion thereof from any tax levy which, at the time of the issuance of the Bonds, cannot be abated pursuant to Kansas law.

Amount of Payments; Place of Payment. In lieu of all general ad valorem real and personal property taxes on the portion of the Project financed with the proceeds of the Bonds as permitted by K.S.A. 79-201a Second, for the 10 calendar years commencing with the first calendar year after the calendar year in which the Bonds are issued, the Tenant Company shall pay, if due, by separate check to the Treasurer of Xxxxxxx Countythe Unified Government of Wyandotte County and Kansas City, Kansas (the “County”), or other appropriate officer as required by the laws of the State of Kansas, a payment in lieu of taxes (“PILOT”) in the amount calculated pursuant reflected on Exhibit C to Exhibit B to this Agreement as adjusted as provided therein and, if applicable, in accordance with Section 8 of this Agreement. Such amount shall be billed to the Tenant Company by statement of the County Clerk of the County (or such other appropriate officer of the County or City) which xxxx shall be issued approximately contemporaneously with the issuance of general tax bills in the State of Kansas and shall be due on the dates and in the percentages ad valorem property taxes are due in the State of Kansas. Currently, tax bills are issued by November 20th of each year and are due as follows: one‑half (1/2) on or before December 20th in respect of the PILOT for the then current calendar year, and the remainder for such calendar year on or before May 10th of the following calendar year. There shall be no property tax exemption for the land or for any portion of the facility or equipment located at the Project site Site or elsewhere that has not been financed with the proceeds of the Bonds unless such portion of the facility or equipment has been specifically exempted from taxation in connection with, and purchased with the proceeds of, another series of industrial revenue bonds subsequently issued by the CityCity or is otherwise exempt from taxation by Kansas law. Further, and notwithstanding anything in this Agreement to the contrary, the property tax exemption referred to in this Section shall not exempt the Project or any portion thereof from any tax levy which, at the time of the issuance of the Bonds, cannot be abated pursuant to Kansas law.