Government Property Lease Sample Clauses

Government Property Lease. City hereby acknowledges and agrees that if the Project is completed as contemplated in compliance with the Schedule of Performance (as it may be amended or extended) and Developer has otherwise satisfied its obligations, in all material respects, under this Agreement (taking into account all applicable cure periods, if any), then Developer shall be entitled to all statutorily-authorized property tax abatements available pursuant to the provisions of A.R.S. §§ 42-6201 through 42-6209, inclusive, as in effect on May 20, 2010, which were reserved in Resolution 2010.76. Upon execution of this Agreement, the conditions stated in Sections 2 and 3 of such Resolution shall have been satisfied. City and Developer hereby agree that the voluntary payment to be made by Developer pursuant to Section 3.7.2 satisfies the contribution referenced in Section 3 of such Resolution. Upon issuance of a Certificate of Occupancy for the Project (i) the Property shall be conveyed to City by a special warranty deed in substantially the form of Exhibit F attached hereto, or a form otherwise mutually acceptable to City and Developer, and (ii) City shall lease back the Property to Developer pursuant to a separate Land and Improvements Lease substantially in the form attached hereto as Exhibit G, or a form otherwise mutually acceptable to City and Developer (the “Government Property Lease”). The Property must be conveyed to City within 180 days after issuance of the first Certificate of Occupancy for the Project.
Sample 1
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Government Property Lease. City hereby acknowledges and agrees that if the Project is completed as contemplated in compliance with the Schedule of Performance (as it may be amended or extended) and Developer has otherwise satisfied its obligations, in all material respects, under this Agreement (taking into account all applicable cure periods, if any), then Developer shall be entitled to all statutorily-authorized property tax abatements and rates available pursuant to the provisions of A.R.S. §§ 42-6201 through 42-6210, inclusive, as in effect on May 20, 2010 which were reserved in Resolution 2010.76. Upon execution of this Agreement, the conditions stated in Section 2 of such Resolution shall have been satisfied. If Developer has performed its development obligations hereunder under this Agreement, then City and Developer shall take such actions as are necessary to facilitate property tax abatements on government property improvements for which a certificate of occupancy has been issued, including without limitation, entering a lease substantially in the form attached hereto as Exhibit G (each a “GPLET Lease”). Alternatively, City and Developer may agree to include the requisite provisions in the Master Lease.
Sample 1
Government Property Lease. City hereby acknowledges and agrees that as each Phase of the Project which constitutes either the office component or a hotel component is completed as contemplated in compliance with the Schedule of Performance (as it may be amended or extended) and so long as Developer has otherwise satisfied its obligations, in all material respects, under this Agreement with respect to such Phase (taking into account all applicable cure periods, if any), then Developer shall be entitled to all statutorily-authorized property tax abatements available pursuant to the provisions of A.R.S. §42-6209. Developer acknowledges that Developer's right to any Government Property Lease shall apply only to the office component and hotel component (with appurtenant retail uses, if any) and not to any other Phases within the Project. Any residential project constructed within the Property shall not be entitled to a Government Property Lease. If Developer has fully performed its obligations under this Agreement, then to facilitate property tax abatements, City hereby agrees that, at the request of Developer from time to time, City shall accept reconveyances of one or more Phases and conveyances of Improvements thereon by deed substantially in the form attached hereto as Exhibit J and shall lease-back all such Parcels and Improvements to Developer upon the terms and conditions set forth in a Government Property Lease substantially in the form attached hereto as Exhibit K.
Sample 1
Government Property Lease. City hereby acknowledges and agrees that as and when Certificates of Completion for the Improvements on a Parcel are issued and Developer has otherwise satisfied, in all material respects, its obligations which are then due under this Agreement (taking into account all applicable cure periods, if any), then Developer shall be entitled to all statutorily-authorized property tax abatements, including, without limitation, all such abatements currently available pursuant to the provisions of A.R.S. §42-6201 through §42-6209. Following issuance of a Certificate of Completion on a Parcel, and upon City’s receipt of Developer’s written request therefor, the Parcel will be subject to the Government Property Lease Excise Tax as provided for under A.R.S. §42-6201 through §42-6209. (a) In order to provide such property tax abatements to Developer, the City hereby agrees to accept, from time to time, conveyances or reconveyances of Parcels and/or Improvements and to lease all such Parcels and Improvements, or portions thereof, to the person or entity making such request and referencing the provisions of this Article VI upon the terms and conditions set forth in a GPLET Lease for a period of eight (8) years following the issuance of a Certificate of Completion with respect to any Improvements constructed on a Parcel, and to execute and record a GPLET Lease and a memorandum of GPLET Lease for such Parcel. The current parcels which may be eligible for GPLET Lease status for this project are Arizona Parcel Numbers (APN) 000- 00-000, 000-00-000, 000-00-000, 000-00-000, 000-00-000-000-00-000, 000-00-000, 000-00-000. Any replat of these APNs prior to issuance of a GPLET Lease would make the replatted lots eligible as well. (b) With regard to any Improved City Parcel which Developer elects to be the subject of a GPLET Lease, promptly upon request by Developer, (i) Developer shall execute and record an Improvements Deed in the form reasonably acceptable to Developer and City to convey to the City the Improvements constructed by or for Developer with respect to such Improved City Parcel; and (ii) concurrently therewith, City and Developer shall execute and record a GPLET Lease and a memorandum of GPLET Lease for such Improved City Parcel. (c) The parties hereby confirm that (i) the Property is located in a single central business district within the municipal boundaries of the City; (ii) the Property is located entirely within a slum or blighted area that is established pursuan...
Sample 1
Government Property Lease. City hereby acknowledges and agrees that if the Project is completed as contemplated in compliance with the Schedule of Performance (as it may be amended or extended) and Developer has otherwise satisfied its obligations, in all material respects, under this Agreement (taking into account all applicable cure periods, if any), then Developer shall be entitled to all statutorily-authorized property tax abatements available pursuant to the provisions of A.R.S. §§ 42-6201 through 42-6209, inclusive, as in effect on May 20, 2010 which were reserved in Resolution 2010.76. Upon execution of this Agreement, the conditions stated in Section 2 of such Resolution shall have been satisfied. No in-lieu payment referenced in Section 3 of such Resolution is required. Upon issuance of a Certificate of Occupancy for Phase I of the Project, (i) the Property shall be conveyed to City by a special warranty deed in substantially the form of Exhibit D attached hereto, or a form otherwise mutually acceptable to City and Developer, and (ii) City shall lease back the Property to Developer pursuant to a separate Land and Improvements Lease substantially in the form attached hereto as Exhibit E, or a form otherwise mutually acceptable to the City and the Developer (the “Government Property Lease”). The term of the Government Property Lease shall not exceed 6 years from the date of conveyance of the Property to the City. The Property must be conveyed to City within 180 days after issuance of the first Certificate of Occupancy for the Project but not more than one year after the date of Substantial Completion of Phase 1. The City agrees that the Property may be conveyed to the City subject to the lien of a fee deed of trust executed by Developer as the trustor, in which event, while the City shall have no personal liability under such fee deed of trust, the City’s interest in the Property shall be subject and subordinate to the lien of such fee deed of trust. The parties acknowledge that at the time of this Agreement, construction has already commenced on the Project.
Sample 1

Related to Government Property Lease

  • GOVERNMENT PROPERTY ‌ For task orders awarded under OASIS SB, Government property matters shall follow the same policies and procedures for Government property under FAR Part 45, Government Property and other applicable agency specific regulatory supplements. FAR Part 45 does not apply to Government property that is incidental to the place of performance, when the task order requires Contractor personnel to be located on a Government site or installation, and when the property used by the Contractor within the location remains accountable to the Government. Unless otherwise specified in a task order, the Contactor shall provide all office equipment and consumable supplies at the Contractor’s sole and exclusive expense, including computers/workstations used in daily operation in support of OASIS SB. The OCO must tailor property clauses, provisions, and other applicable terms and conditions specific to each task order solicitation and award.

  • Government Use If the Software, Documentation, Materials and any other Licensor services are being or have been acquired with U.S. Federal Government funds, or Customer is an agency, department, or other entity of the United States Government ("Government"), the use, duplication, reproduction, release, modification, disclosure, or transfer of the Software or any related documentation of any kind, including technical data, manuals or Materials, is restricted in accordance with Federal Acquisition Regulation 12.212 for civilian agencies and Defense Federal Acquisition Regulation Supplement 227.7202 for military agencies. The Software, Materials, and any Licensor services are COMMERCIAL ITEMS AS DEFINED BY THE FEDERAL ACQUISITION REGULATION. Use of the Software and Materials by the Government is further restricted according to the Agreement and any amendment hereto.

  • Government Permits The Company and its subsidiaries possess such certificates, authorities or permits issued by the appropriate state, federal or foreign regulatory agencies or bodies necessary to conduct the business now operated by them, other than those which the failure to possess or own would not have, individually or in the aggregate, a Company MAE. Neither the Company nor any of its subsidiaries has received any notice of proceedings relating to the revocation or modification of any such certificate, authority or permit which, individually or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would result in a Company MAE.

  • GOVERNMENT-FURNISHED PROPERTY may only use U.S. Forest Service property furnished under this agreement for performing tasks assigned in this agreement. shall not modify, cannibalize, or make alterations to U.S. Forest Service property. A separate document, Form AD-107, must be completed to document the loan of U.S. Forest Service property. The U.S. Forest Service shall retain title to all U.S. Forest Service-furnished property. Title to U.S. Forest Service property must not be affected by its incorporation into or attachment to any property not owned by the U.S. Forest Service, nor must the property become a fixture or lose its identity as personal property by being attached to any real property.

  • Damage to Government Property A. In the event of loss, destruction, or damage to any System Agency or State of Texas owned, leased, or occupied property or equipment by Performing Agency or Performing Agency’s employees, agents, Subcontractors, and suppliers, Performing Agency shall be liable to System Agency and the State of Texas for the full cost of repair, reconstruction, or replacement of the lost, destroyed, or damaged property. B. Performing Agency shall notify System Agency of the loss, destruction, or damage of equipment or property within one (1) business day. Performing Agency shall reimburse System Agency and the State of Texas for such property damage within 10 calendar days after Performing Agency’s receipt of System Agency’s notice of amount due.

  • Government Consent No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental or public body or authority is required on the part of the Borrower to authorize, or is required in connection with the execution, delivery and performance of, or the legality, validity, binding effect or enforceability of, the Loan Documents.

  • Government Contract Government Contract" shall mean any prime contract, subcontract, letter contract, purchase order or delivery order executed or submitted to or on behalf of any Governmental Body or any prime contractor or higher-tier subcontractor, or under which any Governmental Body or any such prime contractor or subcontractor otherwise has or may acquire any right or interest.

  • LOAN OF GOVERNMENT PROPERTY The parties shall enter into a NASA Form 893, Loan of NASA Equipment, for NASA equipment loaned to Partner.

  • Government Contracts Except as set forth in Disclosure Schedule (3.20), as of the Closing Date, no Credit Party is a party to any contract or agreement with any Governmental Authority and no Credit Party’s Accounts are subject to the Federal Assignment of Claims Act (31 U.S.C. Section 3727) or any similar state or local law.

  • Government Consents Borrower and each Subsidiary have obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all governmental authorities that are necessary for the continued operation of Borrower’s business as currently conducted, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

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