Land Taxes. The amount of conventional real estate taxes assessed on Land (but not the Improvements) during the term of this Agreement.
Land Taxes. The amount of real estate taxes levied on the Land, exclusive of any Improvements related thereto.
Land Taxes. The amount of taxes assessed on the value of the Land on which the Project is located and, if applicable, taxes on any pre-existing improvements. Since the Project involves the construction of housing by the Entity, the Land upon which the Project is situated shall be exempt from taxation to the same extent as the improvements being constructed thereon, in accordance with N.J.S.A. 40A:20-12. Accordingly, there shall be no credit against the Annual Service Charge for Land Tax Payments.
Land Taxes. The Land shall be exempt from taxation as of the Annual Service Charge Start Date in accordance with the HMFA Law, provided however, that if such exemption of the Land is invalidated by a court of competent jurisdiction, then this Agreement shall remain in full force and effect and shall be reformed to provide that:
Land Taxes. The Tenant shall not be responsible for any property taxes that may be assessed against the property as a result of the Tenant occupying said property.
Land Taxes. From and after the Entity’s acquisition of the Land, the Entity (and any Transferee, as applicable) shall be obligated to make timely payments of the Land Taxes at all times during the Term of this Agreement. From and after the ASC Commencement Date, the Entity shall be entitled to a credit for the amount, without interest, of the Land Tax payments made in the last four preceding quarterly installments (the “Land Tax Credit”) against the next due Annual Service Charge. In any year that the Entity fails to make any Land Tax payments, if and when due and owing, such delinquency shall render the Entity ineligible for any Land Tax Credits against the Annual Service Charge for that year. In addition, the Borough shall have, among this remedy and other remedies, the right to proceed against the Land pursuant to the Tax Sale Law and/or to declare a Default.
Land Taxes. The amount of taxes assessed on the value of the Land. Land assessments are not abated and shall remain a lien on the Land.
Land Taxes. The amount of taxes assessed on the value of the Land exclusive of the value of any Improvements related thereto, in accordance with Applicable Laws. Land Tax Payments – Payments made on the quarterly due dates, including approved grace periods, if any, for Land Taxes as determined by the Tax Assessor and the Tax Collector.
Land Taxes. Notwithstanding the exemption granted herein, SJS shall be required to pay the Land Taxes. For purposes of this Agreement, “Land Taxes” means the amount of tax otherwise due on the Property as if no Project Improvements had been constructed, no Agreement had been executed, and no tax exemption had been granted pursuant to N.J.S.A. 40A:21-1 et seq.
Land Taxes. For as long as this Lease is in effect, Lessee shall pay to Lessor as additional rent commencing as of the Effective Date hereof all taxes levied against the land included in this Lease during the life hereof.
