Common use of Completion of Facility Clause in Contracts

Completion of Facility. Owner represents that it will develop the Facility for the purpose and in the manner as set forth in the Project Description attached as Exhibit B. During the Construction Phase, the Owner may make such change orders to the Facility as are reasonably necessary, provided that no such change order may be made which will change the qualification of the Facility as a “Basic Manufacturing Facility under this Agreement and the Guidelines for Granting Tax Abatement approved by the Governmental Unit. All improvements shall be completed in accordance with all applicable laws, ordinances, rules or regulations. During the term of this Agreement, use of the Property shall be limited to operation of the Facility described in the Project Description consistent with the general purpose of encouraging development or redevelopment of the zone during the period of this Agreement. Owner represents the Economic Life of the improvements will exceed the term of this Agreement.

Appears in 3 contracts

Samples: Tax Abatement Agreement, Tax Abatement Agreement, Tax Abatement Agreement

AutoNDA by SimpleDocs

Completion of Facility. Owner represents that it will develop the Facility for the purpose and in the manner as set forth in the Project Description attached as Exhibit B. During the Construction Phase, the Owner may make such change orders to the Facility as are reasonably necessary, provided that no such change order may be made which will change the qualification of the Facility as a “Basic Manufacturing Facility or Service Facility” under this Agreement and the Guidelines for Granting Tax Abatement approved by the Governmental Unit. All improvements shall be completed in accordance with all applicable laws, ordinances, rules or regulations. During the term of this Agreement, use of the Property shall be limited to operation of the Facility facility described in the Project Description consistent with the general purpose of encouraging development or redevelopment of the zone during the period of this Agreement. Owner represents the Economic Life of the improvements will exceed the term of this Agreement.

Appears in 2 contracts

Samples: Tax Abatement Agreement, Tax Abatement Agreement

AutoNDA by SimpleDocs

Completion of Facility. Owner represents that it will develop the Facility for the purpose and in the manner as set forth in the Project Description attached as Exhibit B. During the Construction Phase, the Owner may make such change orders to the Facility as are reasonably necessary, provided that no such change order may be made which will change the qualification of the Facility as a “Basic Manufacturing Facility “ Petrochemical Facility” under this Agreement and the Guidelines for Granting Tax Abatement approved by the Governmental Unit. All improvements shall be completed in accordance with all applicable laws, ordinances, rules or regulations. During the term of this Agreement, use of the Property shall be limited to operation of the Facility facility described in the Project Description consistent with the general purpose of encouraging development or redevelopment of the zone during the period of this Agreement. Owner represents the Economic Life of the improvements will exceed the term of this Agreement.

Appears in 1 contract

Samples: Tax Abatement Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!