Common use of Material Conditions Clause in Contracts

Material Conditions. It is expressly agreed and understood that all payments of Land Taxes, Annual Service Charges and any interest payments, penalties or costs of collection due thereon, the tax exemption provided for herein, and the credit against the Annual Service Charges for Land Taxes paid are material conditions of this Financial Agreement. If any other term, covenant or condition of this Financial Agreement or the Application, as to any person or circumstance shall, to any extent, be determined by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Financial Agreement or the application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each remaining term, covenant or condition of this Financial Agreement shall be valid and enforced to the fullest extent permitted by Applicable Law.

Material Conditions. It is expressly agreed and understood that all payments of Land Taxes, the Annual Service Charges Charge and any interest payments, penalties or costs of collection due thereon, payments of the tax exemption provided for hereinRedeveloper Payments and any interest payments, penalties or costs of collection due thereon and the credit against the Annual Service Charges for payments of Land Taxes paid Taxes, if applicable, are material conditions of this Financial AgreementAgreement (the "Material Conditions"). If any other term, covenant or condition of this Financial Agreement or the Exemption Application, as to any person or circumstance shall, to any extent, be determined by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Financial Agreement or the application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each remaining term, covenant or condition of this Financial Agreement shall be valid and enforced to the fullest extent permitted by Applicable Law.

Material Conditions. It is expressly agreed and understood that all payments payment of Land Taxes, Annual Service Charges Charges, any other municipal charges or liens, and any interest payments, penalties or costs of collection due thereonwith respect to any of the foregoing, the tax exemption provided for herein, and the credit against the Annual Service Charges for Land Taxes paid are material conditions of this Financial AgreementAgreement (“Material Conditions”). If any other term, covenant or condition of this Financial Agreement or the Application, as to any person or circumstance shall, to any extent, be determined to be invalid or unenforceable by virtue of a non-appealable order of a court of competent jurisdiction to be invalid or unenforceablejurisdiction, the remainder of this Financial Agreement or the application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each remaining term, covenant or condition of this Financial Agreement shall be valid and enforced to the fullest extent permitted by Applicable Lawlaw.

Material Conditions. It is expressly agreed and understood that the granting of a tax exemption for the Project Improvements pursuant to the Long Term Tax Exemption Law, the representations of the Parties set forth in this Financial Agreement and in the Exemption Application, and all payments of Land Taxes, Annual Service Charges and any interest payments, penalties or costs of collection due thereon, the tax exemption provided for herein, and the credit against the Annual Service Charges for Land Taxes paid thereon are material conditions of this Financial AgreementAgreement (“Material Conditions”). If any other term, covenant or condition of this Financial Agreement or the Application, as to any person or circumstance shall, to any extent, be determined by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Financial Agreement or the application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each remaining term, covenant or condition of this Financial Agreement shall be valid and enforced to the fullest extent permitted by Applicable Law.