Tax Incentives Clause Samples

Tax Incentives. Redeveloper, by entering into this Agreement, agrees and certifies to the City that Redeveloper 1) has not and does not intend to file an application with the Nebraska Department of Revenue to receive tax incentives under the Nebraska Advantage Act for a project located or to be located within the Redevelopment Project Area; 2) has not and does not intend to file an application requesting a refund of the city’s local option sales tax revenue; and 3) has not had any application to receive tax incentives under the Nebraska Advantage Act for a project located or to be located within the Redevelopment Project Area approved.

Tax Incentives. (a) In connection with this Lease, Tenant is attempting to achieve certain tax incentives from ▇▇▇▇▇ County (the “Purple Incentives”), which incentives, if achieved, will reduce the Real Estate Taxes assessed against the Building Project. Landlord is cooperating with such efforts by Tenant. In order to obtain the Purple Incentives, Landlord may be required to enter into a so-called “bonds for title” or other transaction with ▇▇▇▇▇ County or an instrumentality of ▇▇▇▇▇ County. Tenant shall reimburse Landlord for all costs and expenses incurred by Landlord in connection with such transaction or otherwise in connection with Landlord’s cooperation with Tenant to achieve the Purple Incentives (including, without limitation, attorneys’ fees incurred by Landlord in connection therewith) within ten (10) days after receipt of an invoice from Landlord therefor. Tenant’s reimbursement obligations under this Article 21 shall survive the expiration or any earlier termination of this Lease. (b) If the Purple Incentives are achieved, Tenant will be entitled to receive the entire benefit of the Purple Incentives (meaning that, for every dollar that Real Estate Taxes assessed against the Building Project are reduced below the amount that would have been payable in the absence of the Purple Incentives, the amount payable by Tenant as Tenant’s Proportionate Share of Operating Expenses for the relevant period will be reduced by $1.00), and Landlord agrees to take no action to prevent Tenant from receiving the entire benefit of the Purple Incentives, as described above. However, the parties acknowledge that such reduction in Real Estate Taxes under this subparagraph (b) shall be granted only with respect to the Purple Incentives and not to any other incentives or other tax reductions or abatements that may now or hereafter be granted in connection with other tenant, or any other lease or leases, at the Park (collectively, “Unrelated Incentives”). If any such Unrelated Incentives are granted, then, notwithstanding anything contained in this Lease to the contrary, for purposes of calculating amounts due as Tenant’s Proportionate Share of Operating Expenses, Real Estate Taxes shall be calculated as if such Unrelated Incentives did not exist. (c) The parties acknowledge that, in connection with the Purple Incentives, Tenant may be required to file annual reports with ▇▇▇▇▇ County or an instrumentality thereof and pay annual fees. Tenant shall provide Landlord with a copy of each a...

Tax Incentives. Customers are encouraged to consult the Internal Revenue Service (See ▇▇▇.▇▇▇.▇▇▇), the NYS Department of Taxation and Finance (See ▇▇▇.▇▇▇.▇▇.▇▇▇) and with an accountant/tax adviser for details on eligibility for the credit provided in the law, regardless of whether the Builder/Contractor has provided information regarding the expected tax benefits (real property, federal or state tax incentives, or sales and use tax exemptions).

Tax Incentives. The Company is in material compliance with all terms and conditions of any Tax Incentive and, to the Knowledge of the Company, the consummation of the transactions contemplated by this Agreement will not have any adverse effect on the continued validity and effectiveness of any such Tax Incentive.

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of eight (8) years provided the Project Operator meets the goals and conditions set forth in this Agreement.

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three (3) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Term of Exemption $150,000 – 249,999 1 2 years $250,000 – 499,999 2 3 years $500,000 – 999,999 3 4 years

Tax Incentives. Each member of the Group has used its best efforts to obtain Tax incentives available in the jurisdiction of their operations (including Tax holidays) available to its industry or business sector or to the companies of its type.

Tax Incentives. The Company and its Subsidiaries are in compliance in all material respects with all terms and conditions of any Tax exemption, Tax holiday or other Tax reduction Contract or Order (each, a “Tax Incentive”).

Tax Incentives. (a) Neither Developer nor any Affiliate of Developer will engage in any action or fail to take any action that would jeopardize the receipt by PacifiCorp or any of its Affiliates of any Renewable Energy Incentive, or the eligibility of the Project (or any property in the Project) for any other Tax benefit or incentive made available by a Governmental Authority. (b) Developer shall cause all property (including all PTC Facilities) in the Project to be placed in service within the meaning of Section 45 of the Code no later than the end of the fourth calendar year after the date on which construction began.