Tax Abatements Sample Clauses
A Tax Abatements clause defines the terms under which a party may receive a reduction or exemption from certain taxes related to the subject matter of the agreement. Typically, this clause outlines the types of taxes eligible for abatement, the duration of the abatement period, and any conditions or requirements that must be met to qualify, such as making specific investments or improvements. Its core practical function is to incentivize particular actions or investments by reducing the tax burden, thereby making a project or transaction more financially attractive and feasible.
Tax Abatements. Subparagraph 2(b) of the Lease is hereby amended to read in its entirety as follows:
Tax Abatements. Seller has received no written notice (that remains uncured) from any governmental agency asserting a violation under or the termination of any existing tax abatement for any Project, which tax abatement agreements are in full force and effect.
Tax Abatements. The Tax Abatement Agreement (as hereinafter defined); and
Tax Abatements. Cold Summit is permitted to seek to be exempt from real and personal property taxes that may be assessed relative to the Real Estate.
Tax Abatements. The Transferred Area may be designated by the City as an Industrial Development District pursuant to 1974 PA 198, as amended, or 1998 PA 328. The Transferred Area shall not be made part of any tax increment financing area, authority, or similar taxing jurisdiction during the Term or any Renewal Term of this Agreement. Except as otherwise provided in Section 3.2 for personal property, any tax abatements, incentives, or other similar city or statutory mechanisms that impact the collection of taxes for the City shall have no bearing on the amount of taxes due and owing to the Township under Section 3.2.
Tax Abatements. The Developer is permitted to seek to be exempt from real and personal property taxes that may be assessed relative to the Property as a result of real and personal property improvements made to the Property that are provided for outside of the terms of this Agreement.
Tax Abatements. ▇▇▇▇▇ and G&H are permitted to seek to be exempt from real and personal property taxes that may be assessed relative to the Property.
Tax Abatements. There are no material Tax abatements or exemptions specifically affecting the Company Real Property.
Tax Abatements. There are no material Tax abatements or exemptions specifically affecting HR Real Property.
Tax Abatements. (i) Landlord may at any time contest any valuation of the Property or any part thereof, or any tax rate, or the amount of any Taxes, by legal proceedings or in such other manner as it may deem suitable. If Landlord does not so institute such a contest on or before the date which is ten (10) days before the filing deadline for such a contest, then, provided that during such Tax Period Tenant leases at least 50% of the Building, Tenant shall have the right, at Tenant’s sole cost and expense, to contest any valuation of the Building or the Premises, or any tax rate, or the amount of any Taxes for such Tax Period, by legal proceedings or in such other reasonable manner as it may deem suitable. If Tenant elects to institute such a proceeding, Tenant shall conduct it in the name of Tenant, or, if legally required, in the name of Landlord. If any such proceeding which Tenant elects to institute must be prosecuted in the name of Landlord, Landlord shall permit Tenant to institute and prosecute it in the name of Landlord as provided above, but Landlord shall not settle any proceeding so instituted by Tenant without Tenant’s prior written approval in each instance, which approval shall not be unreasonably withheld, conditioned or delayed. If any such proceeding is instituted in the name of Tenant with respect to the last three Tax Periods of the Term, Tenant shall not settle such proceeding without Landlord’s prior written approval in each instance, which approval shall not be unreasonably withheld, conditioned or delayed. If either party institutes such a proceeding, such party shall (A) prosecute it diligently and in good faith at all times, (B) periodically advise the non-contesting party as to the status thereof, and (C) not abandon the same without first offering to the non-contesting party the right to prosecute the same at its sole cost and expense, subject to the provisions set forth below (and in the event that the non-contesting party elects to continue such proceeding, the contesting party shall promptly assign and turn over to it the control of such proceeding, and thereafter the former contesting party shall have no further liability or responsibility in connection therewith). The non-contesting party (at no cost to the non-contesting party) shall cooperate with the contesting party to the extent reasonably necessary to enable the contesting party to institute and prosecute such proceeding including, without limitation, providing all information and doc...