Common use of Approval of Exemption Clause in Contracts

Approval of Exemption. This Agreement, including the Company’s obligation to make PILOTs, is conditioned on the issuance by the Kansas Court of Tax Appeals of an order exempting the Project from ad valorem property taxation in accordance with Kansas law, including K.S.A. 79-201a et seq., and upon receipt by the City from the Company of all information necessary to file the Application for Exemption with the Court of Tax Appeals of the State of Kansas by no later than February 1 of the calendar year following the issuance of the Bonds. The Company acknowledges that the exemption must be annually renewed and agrees to provide the City with information to complete the annual renewal by February 1 of each year in which the exemption is in place.

Approval of Exemption. This Agreement, including the Company’s obligation to make PILOTs, Agreement is conditioned on the issuance by the Kansas Court Board of Tax Appeals of an order exempting the portion of the Project financed with proceeds of the Bonds from ad valorem property taxation in accordance with Kansas law, including K.S.A. 79-201a et seq.Second, and upon receipt by the City from the Company of all information necessary to file the Application for Exemption with the Court Kansas Board of Tax Appeals of the State of Kansas by no later than February 1 of the calendar year following the issuance of the Bonds1, 2021. The Company acknowledges that the exemption must be annually renewed and agrees to provide the City with information to complete the annual renewal by February 1 of each year in which the exemption is in place.

Approval of Exemption. This Agreement, including the Company’s obligation to make PILOTs, Agreement is conditioned on the issuance by the Kansas Court Board of Tax Appeals of an order exempting the portion of the Project financed with proceeds of the Bonds from ad valorem property taxation in accordance with Kansas law, including K.S.A. 79-201a et seq.Second, and upon receipt by the City from the Company of all information necessary to file the Application for Exemption with the Court Kansas Board of Tax Appeals of the State of Kansas by no later than February 1 of the calendar year following the issuance of the Bonds1, 2023. The Company acknowledges that the exemption must be annually renewed and agrees to provide the City with information to complete the annual renewal by February 1 of each year in which the exemption is in place.