Property Tax Exemption. Xxxxxx agrees to cooperate with University and do all acts reasonably necessary and appropriate to secure and maintain tax exemption of the property leased hereunder pursuant to Article 13, section 3 of the California Constitution. Xxxxxx agrees to apply the amount of any reduction of tax resulting from such exemption as a credit against rental payments otherwise due by University to Lessor hereunder.
Appears in 4 contracts
Samples: Amendment to Agreement, Equipment Lease Agreement, Equipment Lease Agreement
