Common use of Tax Abatement Arrangements Clause in Contracts

Tax Abatement Arrangements. In the event the Borrower enters into a lease pursuant to Section 5.1 H of the Indenture with respect to either of the Projects for purposes of ad valorem tax abatement, the Borrower agrees: (a) That it will duly observe and perform in all material respects its obligations under any such lease; (b) That it will not transfer or convey to any third party any bond or other evidence of indebtedness it may purchase in connection with any such lease; and (c) That it will terminate, upon written request of RUS, any such lease if the ad valorem tax abatement benefits achieved as a consequence of such lease are no longer being realized in any material part.