Common use of Incentives/ Rebates Clause in Contracts

Incentives/ Rebates. The Property Owner agrees to apply for all Incentives/Rebates for which the Property may be eligible, and agrees, to provide the City prior to submission of the Project Completion Report with information on all Incentives for which it has applied, and for which it has been approved. Where the Property Owner has sought or received Incentives/Rebates separate and apart from those disclosed to the City in advance of the City making the Final Disbursement so that the Property Owner had not made the City aware of any such Incentives/Rebates in time for the City to deduct the amount of such Incentives from the Final Disbursement, the Property Owner hereby consents to the assignment to the City of all such Incentives/Rebates payable to the Property Owner, and agrees to direct the provider of the Incentive/Rebate to make payment of all such Incentives/Rebates to the City. In addition, the Property Owner consents to the City communicating with the provider of such Incentive/Rebate any information pertaining to the Property Owner’s request for or receipt of such Incentive/Rebate and to the Property Owner's application for and participation in the Program, including any information included in the Program Documents.

Incentives/ Rebates. 13.1 The Property Owner agrees to apply for all Incentives/Rebates for which the Property may be eligible, and agrees, to provide the City Town prior to submission of the Project Completion Report with information on all Incentives for which it has applied, and for which it has been approved. . 13.2 Where the Property Owner has sought or received Incentives/Rebates separate and apart from those disclosed to the City Town in advance of the City Town making the Final Disbursement so that the Property Owner had not made the City Town aware of any such Incentives/Rebates in time for the City Town to deduct the amount of such Incentives from the Final Disbursement, the Property Owner hereby consents to the assignment to the City Town of all such Incentives/Rebates payable to the Property Owner, and agrees to direct the provider of the Incentive/Rebate to make payment of all such Incentives/Rebates to the City. Town. 13.3 In addition, the Property Owner consents to the City Town communicating with the provider of such Incentive/Rebate any information pertaining to the Property Owner’s request for or receipt of such Incentive/Rebate and to the Property Owner's application for and participation in the Program, including any information included in the Program Documents.