Common use of Mortgage Recording Tax Exemption Clause in Contracts

Mortgage Recording Tax Exemption. The Agency hereby grants to the Company an exemption from mortgage recording taxes (except to the extent limited by Section 874 of the Act) for one or more Mortgages securing an aggregate principal amount not to exceed $25,000,000, with the amount of the mortgage recording tax exemption benefit not to exceed $187,500, or such greater amount as approved by the Agency in its sole and absolute discretion, in connection with the financing or refinancing of the Project Facility (the “Mortgage Recording Tax Exemption”).

Appears in 1 contract

Samples: Project Agreement

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Mortgage Recording Tax Exemption. The Agency hereby grants to the Company an exemption from mortgage recording taxes (except to the extent limited by Section 874 of the Act) for one or more Mortgages securing an aggregate principal amount not to exceed $25,000,000, with the amount of the mortgage recording tax exemption benefit not to exceed $187,5002,000,000, or such greater amount as approved by the Agency in its sole and absolute discretion, in connection with the financing or refinancing of the Project Facility Work and any future financing, refinancing or permanent financing of the costs of the Project Work (the “Mortgage Recording Tax Exemption”).

Appears in 1 contract

Samples: Lease and Project Agreement

Mortgage Recording Tax Exemption. The Agency hereby grants to the Company an exemption from mortgage recording taxes (except to the extent limited by Section 874 of the Act) for one or more Mortgages securing an aggregate principal amount not to exceed $25,000,00022,188,944, with the amount of the mortgage recording tax exemption benefit not to exceed $187,500166,418, or such greater amount as approved by the Agency in its sole and absolute discretion, in connection with the financing or refinancing of the Project Facility (the “Mortgage Recording Tax Exemption”).

Appears in 1 contract

Samples: Project Agreement

Mortgage Recording Tax Exemption. The Agency hereby grants to the Company Real Estate Owner an exemption from mortgage recording taxes (except to the extent limited by Section 874 of the Act) for one or more Mortgages securing an aggregate principal amount not to exceed $25,000,0003,900,000, with the amount of the mortgage recording tax exemption benefit not to exceed $187,50029,250, or such greater amount as approved by the Agency in its sole and absolute discretion, in connection with the financing or refinancing of the Project Facility (the “Mortgage Recording Tax Exemption”).

Appears in 1 contract

Samples: Project Agreement

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Mortgage Recording Tax Exemption. The Agency hereby grants to the Real Estate Holding Company an exemption from mortgage recording taxes (except to the extent limited by Section 874 of the Act) for one or more Mortgages securing an aggregate principal amount not to exceed $25,000,0003,200,000, with the amount of the mortgage recording tax exemption benefit not to exceed $187,50024,000, or such greater amount as approved by the Agency in its sole and absolute discretion, in connection with the financing or refinancing of the Company Project Facility (the “Mortgage Recording Tax Exemption”).

Appears in 1 contract

Samples: Project Agreement

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