Common use of Exclusion of Exempt Property Clause in Contracts

Exclusion of Exempt Property. In determining the Added Value for abatement under this Agreement, all types of property entitled to an exemption under State law, such as pollution control equipment, open space or other uses, shall be excluded. The only property which shall be included for the purposes of determining Added Value shall be the Eligible Property.

Exclusion of Exempt Property. In determining the Added Value for abatement under this Agreement, all types of property entitled to an exemption under State law, such as pollution control equipment, open space or other uses, shall be excluded. The only property which shall be included for the purposes of determining Added Value shall be such property that, but for this Agreement, will be taxable by the Eligible PropertyGovernmental Unit during the term of this Agreement.

Exclusion of Exempt Property. In determining the Added Value for abatement under this Agreement, all types of property entitled to an exemption under State law, such as pollution control equipment, open space or other uses, shall be excluded. The only property which shall be included for the purposes of determining Added Value shall be such property that will be taxable by the Eligible PropertyGovernmental Unit during the term of this Agreement.

Exclusion of Exempt Property. In determining the Added Value for abatement under this Agreement, all types of exempt property entitled to an exemption under State law, such as pollution control equipment, open space or other uses, shall be excluded. The only property which shall be included for the purposes of determining Added Value shall be such property that will be taxable by the Eligible PropertyGovernmental Unit during the term of this Agreement.