Common use of Property Tax Clause in Contracts

Property Tax. Any property tax on the Bus Depot, Parking Space (if any) and Bus Stops shall be payable by the Authority as owner of the same; provided, however, that any such taxes payable by the Operator under Applicable Laws for use of Project Facilities excluding Bus Depot, Parking Space (if any) and Bus Stops, shall not be reimbursed or payable by the Authority.

Appears in 3 contracts

Samples: City Bus Private Operation Contract, City Bus Private Operation Contract, City Bus Private Operation Contract

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Property Tax. Any property tax on the Bus Depot, Parking Space (if any) and Bus Stops shall be payable by the Authority as owner of the same; provided, however, that any such taxes payable by the Operator under Applicable Laws for use of the Project Facilities excluding Bus Depot, Parking Space (if any) and Bus Stops, shall not be reimbursed or payable by the Authority.

Appears in 2 contracts

Samples: City Bus Private Operation Contract, City Bus Private Operation Contract

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Property Tax. Any property tax on the Bus Depot, Parking Space (if any) and Bus Stops shall be payable by the Authority as owner of the same; same provided, however, that any such taxes payable by the Operator under Applicable Laws for use of the Project Facilities excluding Bus Depot, Parking Space (if any) and Bus Stops, Stops shall not be reimbursed or payable by the Authority.

Appears in 1 contract

Samples: City Bus Private Operation Contract

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