Common use of Government Incentives Clause in Contracts

Government Incentives. Tenant acknowledges that Landlord may receive certain funding, tax incentives and/or other incentives (“Incentives”) from the municipality, county or state, including, but not limited to, a private development district authorized under local or state law (the “Government’’) in connection with its development of the Center. These Incentives may be conditioned upon Landlord providing the Government with certain information regarding the economic impacts of the development and operation of the Center, including, but not limited to, a summary of sales taxes, service payments made in lieu of taxes, and/or information regarding changes in employment and private investment resulting from the construction and operation of the Center, including such information as it pertains to Tenant’s business in the Premises. Landlord may be required, in connection with its leasing of space in the Center, to require its tenants to provide Landlord and/or the Government with such information as may reasonably be requested in furtherance of this requirement. In such event, and upon request from Landlord, Xxxxxx agrees to supply Landlord and/or the Government with such information as the Government may reasonably request with respect to Tenant’s investment in its retail store, its employment data, its sales tax returns, and such other information as required by the Government and related to the economic impact of the Center. Landlord covenants that the information provided by Tenant hereunder shall be kept confidential and shall only be shared with the Government in connection with its commitment under the aforementioned Incentives requirement, and except as may otherwise be required by law. ARTICLE V

Appears in 2 contracts

Samples: Lease (Impossible Kicks Holding Company, Inc.), Lease (Impossible Kicks Holding Company, Inc.)

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Government Incentives. Tenant acknowledges that Landlord may receive certain funding, tax incentives and/or other incentives (“Incentives”) from the municipality, county or state, including, but not limited to, a private development district authorized under local or state law (the ‘‘Government’’) in connection with its development of the Center. These Incentives may be conditioned upon Landlord providing the Government with certain information regarding the economic impacts of the development and operation of the Center, including, but not limited to, a summary of sales taxes, service payments made in lieu of taxes, and/or information regarding changes in employment and private investment resulting from the construction and operation of the Center, including such information as it pertains to Tenant’s business in the Premises. Landlord may be required, in connection with its leasing of space in the Center, to require its tenants to provide Landlord and/or the Government with such information as may reasonably be requested in furtherance of this requirement. In such event, and upon request from Landlord, Xxxxxx agrees to supply Landlord and/or the Government with such information as the Government may reasonably request with respect to Tenant’s investment in its retail store, its employment data, its sales tax returns, and such other information as required by the Government and related to the economic impact of the Center. Landlord covenants that the information provided by Tenant hereunder shall be kept confidential and shall only be shared with the Government in connection with its commitment under the aforementioned Incentives requirement, and except as may otherwise be required by law. ARTICLE V

Appears in 1 contract

Samples: Lease (Impossible Kicks Holding Company, Inc.)

Government Incentives. Tenant acknowledges that Landlord may receive certain funding, tax incentives and/or other incentives (“Incentives”) from the municipality, county or state, including, but not limited to, a private development district authorized under local or state law (the “Government’’) in connection with its development of the Center. These Incentives may be conditioned upon Landlord providing the Government with certain information regarding the economic impacts of the development and operation of the Center, including, but not limited to, a summary of sales taxes, service payments made in lieu of taxes, and/or information regarding changes in employment and private investment resulting from the construction and operation of the Center, including such information as it pertains to Tenant’s business in the Premises. Landlord may be required, in connection with its leasing of space in the Center, to require its tenants to provide Landlord and/or the Government with such information as may reasonably be requested in furtherance of this requirement. In such event, and upon request from Landlord, Xxxxxx agrees to supply Landlord and/or the Government with such information as the Government may reasonably request with respect to Tenant’s investment in its retail store, its employment data, its sales tax returns, and such other information as required by the Government and related to the economic impact of the Center. Landlord covenants that the information provided by Tenant hereunder shall be kept confidential and shall only be shared with the Government in connection with its commitment under the aforementioned Incentives requirement, and except as may otherwise be required by law. ARTICLE V.

Appears in 1 contract

Samples: Lease (Impossible Kicks Holding Company, Inc.)

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Government Incentives. Tenant acknowledges that Landlord may receive certain funding, tax incentives and/or other incentives (“Incentives”) from the municipality, county or state, including, but not limited to, a private development district authorized under local or state law (the ’‘Government’’) in connection with its development of the Center. These Incentives may be conditioned upon Landlord providing the Government with certain information regarding the economic impacts of the development and operation of the Center, including, but not limited to, a summary of sales taxes, service payments made in lieu of taxes, and/or information regarding changes in employment and private investment resulting from the construction and operation of the Center, including such information as it pertains to Tenant’s business in the Premises. Landlord may be required, in connection with its leasing of space in the Center, to require its tenants to provide Landlord and/or the Government with such information as may reasonably be requested in furtherance of this requirement. In such event, and upon request from Landlord, Xxxxxx agrees to supply Landlord and/or the Government with such information as the Government may reasonably request with respect to Tenant’s investment in its retail store, its employment data, its sales tax returns, and such other information as required by the Government and related to the economic impact of the Center. Landlord covenants that the information provided by Tenant hereunder shall be kept confidential and shall only be shared with the Government in connection with its commitment under the aforementioned Incentives requirement, and except as may otherwise be required by law. ARTICLE V

Appears in 1 contract

Samples: Lease (Impossible Kicks Holding Company, Inc.)

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