Common use of Covenant of Tax Exemption Clause in Contracts

Covenant of Tax Exemption. The City hereby grants its approval for a tax exemption for the Improvements, including, without limitation, any Unit, to be constructed and maintained in accordance with the terms and conditions of this Agreement and the provisions of Applicable Law, which Improvements shall be constructed and/or renovated on the Land. Land Taxes and Land Tax Payments shall continue to be paid on the Land at all times during the term of this Agreement.

Covenant of Tax Exemption. The City hereby grants its approval for a tax exemption for the Improvements, including, without limitation, any Unit, Land and Improvements to be constructed and maintained in accordance with the terms and conditions of this Agreement and the provisions of Applicable the Long Term Tax Exemption Law. Pursuant to the Ordinance, which the Land and Improvements to be constructed and maintained by the Redeveloper shall be constructed and/or renovated on the Land. Land Taxes and Land Tax Payments shall continue to be paid on the Land at all times during the term of this Agreementexempt from taxation as provided for herein.

Covenant of Tax Exemption. The City hereby grants its approval for a tax exemption for the Improvements, including, without limitation, any Unit, Improvements to be constructed and maintained in accordance with the terms and conditions of this Agreement and the provisions of Applicable Law, which Improvements shall be constructed and/or renovated on the Land. Land Taxes and Land Tax Payments shall continue to be paid on the Land at all times during the term of this Agreement.