FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS. Section 4.1 In accordance with the Resolution and the Cost-Benefit Analysis (or such other equivalent document or report, as determined by the Agency) (the “CBA”), attached hereto as Exhibit A, disclosed by the Agency at its public hearing for the Project (the “Public Hearing”), the Company further: (i) covenants, with respect to the Sales Tax Exemption, that it shall comply with this Project Agreement, specifically, but not limited to, Section 4.3 hereof; (ii) confirms that the Mortgage Recording Tax Exemption (as defined in Section 4.7 hereof) shall not exceed the Maximum Mortgage Principal Amount, as more fully described in Section 4.7 hereof (it being understood and agreed that nothing herein shall prohibit the Company from obtaining a mortgage if it pays the Mortgage Recording Tax applicable); and (iii) confirms that the real property tax abatement to be provided to the Company shall conform to those disclosed within the CBA at the Public Hearing for the Project and as contained within the PILOT Agreement, the form of which PILOT Agreement is attached hereto as Exhibit A.
FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS. Section 4.1 In accordance with the Resolution, the Company further: (i) covenants, with respect to the Sales Tax Exemption, that it shall comply with this Project Agreement, specifically, but not limited to, Section 4.3 hereof; (ii) confirms that the Mortgage Recording Tax Exemption (as defined in Section 4.7 hereof) shall not exceed the Maximum Mortgage Principal Amount, as more fully described in Section 4.7 hereof; and (iii) confirms that real property tax abatement to be provided to the Company shall conform to the Tax Agreement, the terms of which Tax Agreement shall comply with the Agency's Uniform Tax Exemption Policy (the "UTEP"). If the terms of the Tax Agreement deviate from the UTEP, the Agency has or will comply with the procedures for deviation from the UTEP.
FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS. Section 4.1 In accordance with the Resolution, the Company further: (i) covenants, with respect to the Sales Tax Exemption, that it shall comply with this Project Agreement, specifically, but not limited to, Section 4.3 hereof; and (ii) confirms that real property tax abatement to be provided to the Company shall conform to the Tax Agreement, the terms of which Tax Agreement shall comply with the Agency's Uniform Tax Exemption Policy (the "UTEP"). If the terms of the Tax Agreement deviate from the UTEP, the Agency has or will comply with the procedures for deviation from the UTEP.
FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS. Section 4.1 In accordance with the Resolution and the Cost-Benefit Analysis (or such other equivalent document or report, as determined by the Agency) (the "CBA"), attached hereto as Schedule A-2, the Company further: (i) covenants, with respect to the Sales Tax Exemption, that it shall comply with this Project Agreement, specifically, but not limited to, Section 4.3 hereof; and (ii) confirms that real property tax abatement to be provided to the Company shall conform to those disclosed within the CBA and as contained within the Tax Agreement, a copy of which Tax Agreement is attached hereto as Exhibit A.
FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS. Section 4.1 In accordance with the Resolution and the Cost-Benefit Analysis (or such other equivalent document or report, as determined by the Agency) (the “CBA”), attached hereto as Exhibit A, disclosed by the Agency at its public hearing for the Project (the “Public Hearing”), the Company further: (i) covenants, with respect to the Sales Tax Exemption, that it shall comply with this Project Agreement, specifically, but not limited to, Section 4.3 hereof; and
FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS. Section 4.1 In accordance with the Resolution and the Cost-Benefit Analysis (or such other equivalent document or report, as determined by the Agency) (the “CBA”), attached hereto as Exhibit A, disclosed by the Agency at its public hearing for the Project (the “Public Hearing”), the Company further: (i) confirms that the Mortgage Recording Tax Exemption (as defined in Section 4.7 hereof) shall not exceed the amount of the Maximum Mortgage Principal Amount, as more fully described in Section 4.7 hereof (it being understood and agreed that nothing herein shall prohibit the Company from obtaining a mortgage if it pays the Mortgage Recording Tax applicable); and (ii) confirms that real property tax abatement to be provided to the Company shall conform to those disclosed within the CBA at the Public Hearing for the Project and as contained within the PILOT Agreement, a form of which PILOT Agreement is attached hereto Exhibit A.
FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS. Section 4.1 In accordance with the Resolution and the Cost-Benefit Analysis (or such other equivalent document or report, as determined by the Agency) (the "CBA"), attached hereto as Exhibit A, disclosed by the Agency at its public hearing for the Project (the "Public Hearing"), the Company further: (i) covenants, with respect to the Sales Tax Exemption (as defined in Section 4.3(d) hereof), that it shall comply with this Project Agreement, specifically, but not limited to, Section 4.3 hereof; (ii) confirms that the Mortgage Recording Tax Exemption (as defined in Section 4.7 hereof) shall not exceed the Maximum Mortgage Principal Amount, as more fully described in Section 4.7 hereof; and (iii) confirms that real property tax abatement to be provided to the Company shall conform to those disclosed within the CBA at the Public Hearing for the Project and as contained within the Tax Agreement, the terms of which Tax Agreement shall comply with the Agency's Uniform Tax Exemption Policy (the "UTEP"). If the terms of the Tax Agreement deviate from the UTEP, the Agency has or will comply with procedures for deviation from the UTEP.
FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS. Section 4.1 In accordance with the Resolution and the Cost-Benefit Analysis (or such other equivalent document or report, as determined by the Agency) (the "CBA"), attached hereto as Exhibit A, disclosed by the Agency at its public hearing for the Project (the "Public Hearing"), the Company further: (i) covenants, with respect to the Sales Tax Exemption (as defined in Section 4.3(d) hereof), that it shall comply with this Project Agreement, specifically, but not limited to, Section 4.3 hereof; and (ii) confirms that real property tax abatement to be provided to the Company shall conform to those disclosed within the CBA at the Public Hearing for the Project and as contained within the Tax Agreement, the terms of which Tax Agreement shall comply with the Agency's Uniform Tax Exemption Policy (the "UTEP"). If the terms of the Tax Agreement deviate from the UTEP, the Agency has or will comply with procedures for deviation from the UTEP.
FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS. Section 4.1 In accordance with the Resolution and the Cost-Benefit Analysis (or such other equivalent document or report, as determined by the Agency) (the “CBA”), attached hereto as Exhibit A, disclosed by the Agency at its public hearing for the Project (the “Public Hearing”), the Company further: (i) covenants, with respect to the Sales Tax Exemption, that it shall comply with this Project Agreement, specifically, but not limited to, Section 4.3 of each Supplement hereto; (ii) confirms that the Mortgage Recording Tax Exemption (as defined in Schedule A hereof) shall not exceed the Maximum Mortgage Principal Amount, as more fully described in Schedule A hereof (it being understood and agreed that nothing herein shall prohibit the Company from obtaining a mortgage if it pays the Mortgage Recording Tax applicable); and
FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS. Section 4.1 In accordance with the Resolution and the Cost-Benefit Analysis (or such other equivalent document or report, as determined by the Agency) (the “CBA”), attached hereto as Schedule A-1, the Company further: (i) covenants, with respect to the Sales Tax Exemption, that it shall comply with this Project Agreement, specifically, but not limited to, Section 4.3 hereof; (ii) confirms that the Mortgage Recording Tax Exemption (as defined in Section 4.7 hereof) shall not exceed the Maximum Approved Mortgage Amount, as more fully described in Section 4.7 hereof, and (iii) confirms that the real property tax abatement to be provided to the Company shall conform to those disclosed within the CBA and as contained within the Tax Agreement, a copy of which Tax Agreement is attached hereto as Exhibit A.
