Common use of Lawful Levies and Rates Clause in Contracts

Lawful Levies and Rates. The Owner further undertakes and agrees to pay all taxes levied, or to be levied, on the Lands on the basis and in accordance with the assessment and collector’s roll entries until such time as the Lands being subdivided have been assessed and entered on the collector’s roll according to the registered plan of subdivision. Notwithstanding the Works to be constructed and installed by the Owner, the services to be performed and the payments to be made pursuant to this Agreement, the Lands in the plan of subdivision shall remain liable in common with all other assessable property in the Town to all lawful rates and levies of the Town. Interest shall be payable by the Owner to the Town on all sums of money payable under this Agreement which are not paid within thirty (30) days from the due date, or within such other period(s) as may be specifically provided for herein. The rate of interest payable shall be fifteen percent (15%) per annum.

Appears in 2 contracts

Samples: Earthworks Agreement, Earthworks Agreement

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Lawful Levies and Rates. The Owner further undertakes and agrees to pay all taxes levied, or to be levied, on the Lands on the basis and in accordance with the assessment and collector’s 's roll entries until such time as the Lands herein being subdivided have has been assessed and entered on the collector’s 's roll according to the registered plan of subdivisionRegistered Plan. Notwithstanding the Works to be constructed and installed by the Owner, the services to be performed and the payments to be made pursuant to this Agreement, the Lands in the plan of said subdivision shall remain liable in common with all other assessable property in the Town to all lawful rates and levies of the Town. DRAFT Interest shall be payable by the Owner to the Town on all sums of money payable under this Agreement Agreement, which are not paid within thirty (30) days from the due date, or within such other period(s) as may be specifically provided for herein. The rate of interest payable shall be fifteen percent (15%) per annum.

Appears in 1 contract

Samples: pub-georgina.escribemeetings.com

Lawful Levies and Rates. The Owner further undertakes and agrees to pay all taxes levied, or to be levied, on the Lands said lands on the basis and in accordance with the assessment and collector’s 's roll entries until such time as the Lands being has been subdivided have and has been assessed and entered on the collector’s 's roll according to the registered plan of subdivisionRegistered Plan. Notwithstanding the Works to be constructed and installed by the Owner, the services to be performed performed, and the payments to be made by the Owner pursuant to this Agreement, the Lands in the plan of subdivision shall remain liable in common with all other assessable property in the Town to all lawful rates and levies of the Town. Interest shall be payable by the Owner to the Town on all sums of money payable under this Agreement Agreement, which are not paid within thirty (30) days from the due date, or within such other period(s) as may be specifically provided for herein. The rate of interest payable shall be fifteen percent (15%) per annum.

Appears in 1 contract

Samples: Development Agreement

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Lawful Levies and Rates. The Owner further undertakes and agrees to pay all taxes levied, or to be levied, on the Lands on the basis and in accordance with the assessment and collector’s roll entries until such time as the Lands herein being subdivided have has been assessed and entered on the collector’s roll according to the registered plan of subdivisionRegistered Plan. Notwithstanding the Works to be constructed and installed by the Owner, the services to be performed and the payments to be made pursuant to this Agreement, the Lands in the plan of said subdivision shall remain liable in common with all other assessable property in the Town to all lawful rates and levies of the Town. Interest shall be payable by the Owner to the Town on all sums of money payable under this Agreement Agreement, which are not paid within thirty (30) days from the due date, or within such other period(s) as may be specifically provided for herein. The rate of interest payable shall be fifteen percent (15%) per annum.

Appears in 1 contract

Samples: Agreement

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