Common use of Material Conditions Clause in Contracts

Material Conditions. It is expressly agreed and understood that all Land Tax Payments, Annual Service Charges, including the methodology of computation, water and sewer charges, and any interest payments due, are material conditions of this Financial Agreement. If any other term, covenant or condition of this Financial Agreement or the Application, to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this 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 term, covenant or condition of this Financial Agreement shall be valid and be enforced to the fullest extent permitted by law.

Appears in 2 contracts

Samples: Financial Agreement, Financial Agreement

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Material Conditions. It is expressly agreed and understood that all Land Tax Payments, payments of Annual Service Charges, including the methodology of computation, water and sewer charges, Charges and any interest payments duepayments, penalties or costs of collection due thereon; Land Taxes and the Administrative Fee are material conditions of this Financial AgreementAgreement (the “Material Conditions”). If any other term, covenant or condition of this Financial Agreement or the ApplicationAgreement, as to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this agreement 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 be enforced to the fullest extent permitted by lawApplicable Law.

Appears in 1 contract

Samples: Financial Agreement

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Material Conditions. It is expressly agreed and understood that all Land Tax Payments, payments of Annual Service Charges, including the methodology of computation, water and sewer charges, Charge and any interest payments duepayments, penalties or costs of collection due thereon, Land Taxes and the Administrative Fee are material conditions of this Financial AgreementAgreement (the “Material Conditions”). If any other term, covenant or condition of this Financial Agreement or the ApplicationAgreement, as to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this agreement 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 be enforced to the fullest extent permitted by lawApplicable Law.

Appears in 1 contract

Samples: Financial Agreement

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