Common use of Tax Exemption Decrees Clause in Contracts

Tax Exemption Decrees. Borrower shall cause El Con Borrower, at its sole cost and expense, to (a) timely submit all required documentation with the applicable governmental and/or taxing authority having jurisdiction over the El Con Individual Property, and perform all acts necessary in connection therewith, in order to effectuate an extension of that certain Tax Exemption Decree currently in effect and issued in connection with the El Con Individual Property (the “El Con Tax Decree”); (b) timely submit an application for such extension and submit reasonably satisfactory evidence thereof to Lender and promptly upon receipt of said extension, deliver to Lender reasonably satisfactory evidence of such extension and (c) subject to Unavoidable Delays, timely comply and perform in all material respects with all terms and conditions or requirements under the El Con Tax Decree currently in effect or as extended or renewed, as applicable and provide and deliver to Lender reasonably satisfactory evidence of such compliance. Borrower shall cause El San Xxxx Borrower, at its sole cost and expense, to (i) timely submit all required documentation with the applicable governmental and/or taxing authority having jurisdiction over the El San Xxxx Individual Property, and perform all acts necessary in connection therewith, in order to effectuate the continuance of that certain Tax Exemption Decree currently in effect and issued in connection with the El San Xxxx Individual Property (the “El San Xxxx Tax Decree”) El San Xxxx Tax Decree; and (ii) subject to Unavoidable Delays, timely comply with all terms and conditions set forth in the El San Xxxx Tax Decree and provide and deliver to Lender reasonably satisfactory evidence of such compliance.

Tax Exemption Decrees. Borrower shall cause El Con Borrower, at its sole cost and expense, to shall (a) timely submit all required documentation with the applicable governmental and/or taxing authority having jurisdiction over the El Con Individual Property, and perform all acts necessary in connection therewith, in order to effectuate an extension of that certain Tax Exemption Decree currently in effect and issued in connection with the El Con Individual Property (the “El Con Tax Decree”); (b) timely submit an application for such extension and submit reasonably satisfactory evidence thereof to Lender and promptly upon receipt of said extension, deliver to Lender reasonably satisfactory evidence of such extension and (c) subject to Unavoidable Delays, timely comply and perform in all material respects with all terms and conditions or requirements under the El Con Tax Decree currently in effect or as extended or renewed, as applicable applicable, and provide and deliver to Lender reasonably satisfactory evidence of such compliance. Borrower shall cause El San Xxxx Borrower, at its sole cost and expense, to shall (i) timely submit all required documentation with the applicable governmental and/or taxing authority having jurisdiction over the El San Xxxx Individual Property, and perform all acts necessary in connection therewith, in order to effectuate the continuance of that certain Tax Exemption Decree currently in effect and issued in connection with the El San Xxxx Individual Property (the “El San Xxxx Tax Decree”) El San Xxxx Tax Decree); and (ii) subject to Unavoidable Delays, timely comply with all terms and conditions set forth in the El San Xxxx Tax Decree and provide and deliver to Lender reasonably satisfactory evidence of such compliance.