Tax Abatement Agreement. The term “Tax Abatement Agreement” shall mean that certain Tax Abatement Agreement between the County and Owner.
Tax Abatement Agreement. On or before the Closing Date, if deemed to be required by the EDA, Developer shall enter into a Tax Abatement Agreement with the EDA or the City.
Tax Abatement Agreement. In consideration of the proposed commitments by the Company set forth above, the County and District intend to negotiate the Tax Abatement Agreement, subject to law, approval of the County’s Commissioners Court and District’s Board of Directors, and appropriate communications with taxing authorities, as follows:
Tax Abatement Agreement. After receipt of the notice of Buyer's exercise of the Option and prior to the Property Closing, Quest shall use all reasonable efforts and do all things necessary or advisable to obtain an assignment to and assumption by Buyer of the Tax Abatement Agreement and an agreement from the City of Allex xxx The Allex Xxxependent School District waiving all Taxes abated for periods prior to January 1, 1998. If Quest does not obtain such assignment of the Tax Abatement Agreement and the waiver referred to in the immediately preceding sentence, Quest shall indemnify and hold harmless Buyer to the extent such abated Taxes are assessed to and required to be paid by Buyer for periods prior to January 1, 1998. In the event Buyer is notified by any taxing authority that such abated Taxes are required to be paid, Quest shall either pay the
Tax Abatement Agreement. With respect to that certain Tax Abatement Agreement between Seller and the Town of Sunnyvale, Texas, with respect to the Property (the “Tax Abatement Agreement”), (a) Seller has not received any notice of default from the Town of Sunnyvale under the Tax Abatement Agreement, (b) Seller has not given any notice to the Town of Sunnyvale of any default either by the Town of Sunnyvale or the Seller under the Tax Abatement Agreement, and (c) Seller has timely delivered to the Town of Sunnyvale annual compliance reports as required under the Tax Abatement Agreement. Through the period ending as of December 31, 2010, Seller has received a total tax abatement of $169,912.38 under the Tax Abatement Agreement.
Tax Abatement Agreement. Pending Closing and, if necessary, after the Closing Date, Seller shall use good faith and commercially reasonable efforts to assist Purchaser in obtaining the written approval of Greenville Township and the Darke County Board of Commissioners (and/or other applicable governmental entity) in the transfer of Seller’s Tax Abatement Agreement to Purchaser at, or if necessary, after the Closing. In the event that such approval is obtained, the Tax Abatement Agreement and the Compensation Agreements shall be transferred and assigned to Purchaser at the Closing or as soon thereafter as is reasonably practicable. In the event that (i) the Tax Abatement Agreement is transferred to Purchaser or (ii) Purchaser enters into a replacement agreement with Greenville Township and the Darke County Board of Supervisors providing for substantially similar benefits as provided to Seller in the Tax Abatement Agreement, then Purchaser agrees to assume at such time all of Seller’s rights and obligations under the Compensation Agreements accruing on and after such date, subject to any required counterparty approval(s) to the transfer thereof. Until Seller and Purchaser are able to obtain written approval of Greenville Township and Darke County (and/or applicable governmental entity) to transfer the Tax Abatement Agreement to Purchaser, the Seller shall be responsible for all obligations (but in no event including property taxes for periods after the Closing) with respect to the Tax Abatement Agreement and the Compensation Agreements until the transfer is completed or each agreement expires or is otherwise cancelled or voided. In the event that the O&M Transition Services Agreement (if entered into between Seller and Purchaser) would prevent Purchaser from obtaining the benefits of the Tax Abatement Agreement, Purchaser may terminate the O&M Transition Services Agreement in its reasonable discretion. Notwithstanding anything in this Agreement to the contrary, neither the assignment of the Tax Abatement Agreement nor Purchaser’s entry into any replacement agreement shall be a condition precedent to the obligations of either party under this Agreement.
Tax Abatement Agreement. That certain Tax Abatement Agreement among the City, Seller and Tenant with an effective date of August 1, 2022. Tenant. GAF Energy, LLC, a Delaware limited liability company. Title Company. Heritage Title Company of Austin, Inc., 200 X 0xx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxx 00000, Attention: Exxxx Xxxxxxxxx, exxxxxxxxx@xxxxxxxx-xxxxx.xxx.
Tax Abatement Agreement. Seller has not received or delivered any notice of default under the Tax Abatement Agreement.
Tax Abatement Agreement. After receipt of the notice of Buyers exercise of the Option and prior to the Property Closing, Quest shall use all reasonable efforts and do all things necessary or advisable to obtain an assignment to and assumption by Buyer of the Tax Abatement Agreement and an agreement from the City of Xxxxx and The Xxxxx Independent School District waiving all Taxes abated for periods prior to January 1, 1998. If Quest does not obtain such assignment of the Tax Abatement Agreement and the waiver referred to in the immediately preceding sentence, Quest shall indemnify and hold harmless Buyer to the extent such abated Taxes are assessed to and required to be paid by Buyer for periods prior to January 1, 1998. In the event Buyer is notified by any taxing authority that such abated Taxes are required to be paid, Quest shall either pay the amount of such abated Taxes directly to the taxing authority within the time designated for payment or pay such amount to Buyer within five (5) business days following Buyer's written notice to Quest.
Tax Abatement Agreement. Once authorized by the City Council, the City Manager may execute a tax abatement agreement with the applicant on behalf of the City. At least seven days before entering into the agreement, the City will deliver written notice of its intent to each taxing unit that is included in the reinvestment zone. The tax abatement agreement will include specific terms and conditions of the abatement, including, but not limited to, the amount and duration of the tax abatement. The tax abatement agreement shall not commence until the development has received a certificate of occupancy from the City.
