Common use of General Procedure and Effect Clause in Contracts

General Procedure and Effect. Any provision of the agreement to the contrary, notwithstanding, upon any request for a tax abatement or tax exemption for any portion of property conditionally transferred pursuant to this Article III, the Fremont City Council shall give to the township from which that property was conditionally transferred written notice of that request and of the date and time of the hearing on or consideration of that request. With respect to such abatement and applications therefor, that township shall have rights as if it levied taxes against the parcel(s) subject to the application or abatement. If the Fremont City Council grants the abatement, the parties shall share proportionately in the loss of tax revenues resulting from the abatement or exemption.

General Procedure and Effect. Any provision of the agreement to the contrary, notwithstanding, upon any request for a tax abatement or tax exemption for any portion of property conditionally transferred pursuant to this Article IIIthe Phase 1 Property, the Fremont City Council shall give to the township from which that property was conditionally transferred transferred, written notice of that request request, and of the date and time of the hearing on or consideration of that request. With respect to such abatement and applications therefor, that township shall have rights as if it levied taxes against the parcel(s) subject to the application or abatement. If the Fremont City Council grants the abatement, the parties shall share proportionately in the loss of tax revenues resulting from the abatement or exemption.