Common use of FINANCIAL ASSISTANCE AND RECAPTURE OF BENEFITS Clause in Contracts

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 (a copy of which is attached hereto as Exhibit A), 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.

Appears in 3 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

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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 (a copy of which is attached hereto as Exhibit A)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.

Appears in 3 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

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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 the real property tax abatement to be provided to the Company shall conform to the Tax Agreement (a copy of which is attached hereto as Exhibit A)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 (a copy of which is attached hereto as Exhibit A) deviate from the UTEP, the Agency has or will comply with the procedures for deviation from the UTEP.

Appears in 1 contract

Samples: Project Agreement

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