Sales Tax Refund. If any Sales Tax originally paid by one Party ("Party A") of the relevant transfer, sale, use transaction or supply for Sales Tax purposes to the other Party ("Party B") in accordance with the terms of this Agreement is in whole or in part subsequently determined not to have been chargeable, Party B will take reasonable steps to obtain a refund of such Sales Tax from the relevant Tax Authority and Party B shall pay an amount equal to any such Sales Tax repaid by the relevant Tax Authority to Party A of the relevant supply within [***] Business Days of receipt from the Tax Authority (whether receipt is by way of repayment, credit or set off) and to the extent that Party B has not so accounted to a Tax Authority, Party B shall promptly pay an amount equal to such Sales Tax to the relevant recipient.
Sales Tax Refund. During the Term after the Rebate Commencement Date, the EDC shall pay on a semi-annual basis on or about September 1st and March 1st of each calendar year to JMK5 the Property Sales Taxes generated during the prior calendar year (each a “Sales Tax Rebate Payment”).
Sales Tax Refund sharing: The City shall pay to the Company an annual Program sales tax refund/sharing payment (“Annual Payment”) of a portion of the Sales Tax generated at the Project, equal to Thirty-five percent (35%) of the total Company Sales Tax Revenues generated at the Project for each year for a maximum of Five (5) years from the Anniver- sary date of the Project. The Annual Payment shall occur until the Company has received Three Thousand Dollars ($3,000.00) or this Agreement has terminated, beginning with the Anniversary of the Project and continuing until the earlier to occur of i) the Company has received Three Thousand Dollars ($3,000.00), or ii) Five (5) years have passed since the Anniversary date of Project. Thereafter, all sales tax shall accrue to the City.
Sales Tax Refund. If any Sales Tax originally paid by one Party (“Party A”) of the relevant transfer, sale, use transaction or supply for Sales Tax purposes to the other Party (“Party B”) in accordance with the terms of this Agreement is in whole or in part subsequently determined not to have been chargeable, Party B will take reasonable steps to obtain a refund of such Sales Tax from the relevant Tax Authority and Party B shall pay an amount equal to any such Sales Tax repaid by the relevant Tax Authority to Party A of the relevant [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) CUSTOMARILY AND ACTUALLY TREATED BY THE REGISTRANT AS PRIVATE OR CONFIDENTIAL. supply within [***] of receipt from the Tax Authority (whether receipt is by way of repayment, credit or set off) and to the extent that Party B has not so accounted to a Tax Authority, Party B shall promptly pay an amount equal to such Sales Tax to the relevant recipient.
