Conventional Taxes. Upon Termination or expiration of this Agreement, the Tax Exemption for the Improvements shall expire and the Land and the Improvements thereon shall thereafter be assessed and conventionally taxed according to the general law applicable to other nonexempt taxable property in the City.
Conventional Taxes. Upon Termination or expiration of this Agreement, the tax exemption for the Project shall expire and the Land and the Improvements thereon shall thereafter be assessed and conventionally taxed according to the general law applicable to other nonexempt taxable property in the Township.
Conventional Taxes. Upon the termination or expiration of this Agreement and thereafter, the Land and Improvements shall be assessed and conventionally taxed according to the general law applicable to other taxable property within the Township, and the Entity is bound by this Agreement and by the Law until expiration or Termination shall occur.
Conventional Taxes. Upon expiration of this Agreement in respect of any Housing Unit (or, if separately assessed, the Common Elements), the tax exemption for such Housing Unit (or, if separately assessed, the Common Elements) shall expire and the land and the Improvements thereon comprising such Housing Unit (or, if separately assessed, the Common Elements) shall thereafter be assessed and conventionally taxed according to the general law applicable to other nonexempt taxable property in the Borough.
Conventional Taxes. Upon the Termination Date, the tax exemption for the Land, to the extent applicable, and the Improvements shall expire and same shall thereafter be assessed and conventionally taxed according to the general law applicable to other nonexempt taxable property in the Borough.
Conventional Taxes
