Common use of Property Tax Exemption Clause in Contracts

Property Tax Exemption. To the extent the property tax exemption provisions of section 214 of the Revenue and Taxation Code are applicable to the Borrower and the Development, Borrower shall take all actions necessary to qualify the Development for the maximum exemption from property taxes available pursuant to said section 214 of the Revenue and Taxation Code. Such actions may include, but are not limited to the following:

Appears in 16 contracts

Samples: Regulatory Agreement, Regulatory Agreement, Regulatory Agreement

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