Tax Laws and Valuation Agreement Sample Clauses

Tax Laws and Valuation Agreement. The parties acknowledge that all laws of the State now in effect or hereafter enacted with respect to taxation of property shall be applicable and that the Town, by entering into this Agreement, is not excusing any non-payment of taxes by Developer. Without limiting the foregoing, the Town and the Developer shall always be entitled to exercise all rights and remedies regarding assessment, abatement, collection and payment of taxes assessed on Developer's property. In addition, the Development Program makes certain assumptions and estimates regarding valuation, depreciation of assets, tax rates and estimated costs. The Town and the Developer hereby covenant and agree that the assumptions, estimates, analysis and results set forth in the Development Program shall in no way (a) prejudice the rights of any party to be used, in any way, by any party in either presenting evidence or making argument in any dispute which may arise in connection with valuation of or abatement proceedings relating to Developer’s property for purposes of ad valorem property taxation or (b) vary the terms of this Agreement even if the actual results differ substantially from the estimates, assumptions or analysis.
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Tax Laws and Valuation Agreement. The parties acknowledge that all laws of the State now in effect or hereafter enacted with respect to taxation of property shall be applicable and that the Town, by entering into this Agreement, is not excusing any non-payment of taxes by Developer. Without limiting the foregoing, the Town and the Developer shall always be entitled to exercise all rights and remedies regarding assessment, collection and payment of taxes assessed on Developer’s property. In addition, the Development Program makes certain assumptions and estimates regarding valuation, depreciation of assets, tax rates and estimated costs. The Town and the Developer hereby covenant and agree that the assumptions, estimates, analysis and results set forth in the Development Program shall in no way (a) prejudice the rights of any party to be used, in any way, by any party in either presenting evidence or making argument in any dispute which may arise in connection with valuation of or abatement proceedings relating to Developer’s property for purposes of ad valorem property taxation or (b) vary the terms of this Agreement even if the actual results differ substantially from the estimates, assumptions or analysis. The parties further acknowledge that the projected amounts to be paid by the Town to the Developer under this Agreement and the Development Program are based on property tax laws of the State of Maine in force as of the date of this Agreement. The Town shall have no obligation to supplementally appropriate or otherwise supply any shortfall in the amounts actually paid to the Developer from the projected amounts, resulting from any future changes in State property tax laws, property assessments, State funding formulas, or other causes. In all cases, the Town’sobligations under this Agreement shall be limited to a maximum of percentage of reimbursement of Property Tax paid by Developer on the Increased Assessed Value of Developer Property, as set forth in Section 3.1.
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Tax Laws and Valuation Agreement. 16 EXHIBITS Exhibit 1 Copies of Exhibits B-1 and B-2 from Amended and Restated Development Program – District Maps THIS CREDIT ENHANCEMENT AGREEMENT dated as of , 2014,
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Tax Laws and Valuation Agreement. The parties acknowledge that all laws of the State now in effect or hereafter enacted with respect to taxation of property shall be applicable and that the Town, by entering into this Agreement, is not excusing any non-payment of taxes by Rynel. Without limiting the foregoing, the Town and Rynel shall always be entitled to exercise all rights and remedies regarding assessment, collection and payment of taxes assessed on Rynel's property. In addition, the Amended and Restated Development Program makes certain assumptions and estimates regarding valuation, depreciation of assets, tax rates and estimated costs. The Town and Rynel hereby covenant and agree that the assumptions, estimates, analysis and results set forth in the Amended and Restated Development Program shall in no way (a) prejudice the rights of any party or be used, in any way, by any party in either presenting evidence or making argument in any dispute which may arise in connection with valuation of or abatement proceedings relating to Rynel’s property for purposes of ad valorem property taxation or (b) vary the terms of this Agreement even if the actual results differ substantially from the estimates, assumptions or analysis.
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Tax Laws and Valuation Agreement. 16 Exhibit A. Joint Development Agreement THIS CREDIT ENHANCEMENT AGREEMENT dated as of , 20 between the City of Biddeford, Maine (the “City”), a municipal corporation and political subdivision of the State of Maine, Saco-Lowell LLC (“Saco-Lowell”), a Maine limited liability company, and River Lot LLC (“River Lot”), a Maine limited liability company. Saco-Lowell and River Lot are sometimes referred to in this Agreement individually as a “Developer” and collectively as the “Developers.” WITNESSETH THAT
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Tax Laws and Valuation Agreement. The parties acknowledge that all laws of the State now in effect or hereafter enacted with respect to taxation of property shall be applicable and that the City, by entering into this Agreement, is not excusing any non-payment of taxes by Realty Resources. Without limiting the foregoing, the City and Realty Resources shall always be entitled to exercise all rights and remedies regarding assessment, collection and payment of taxes assessed on Realty Resources’ property. In addition, the Development Program makes certain assumptions and estimates regarding valuation, depreciation of assets, tax rates, and estimated costs. The City and Realty Resources hereby covenant and agree that the assumptions, estimates, analysis, and results set forth in the Development Program shall in no way (a) prejudice the rights of any party or be used, in any way, by any party in either presenting evidence or making argument in any dispute which may arise in connection with valuation of or abatement proceedings relating to Realty Resources’ property for purposes of ad valorem property taxation or (b) vary the terms of this Agreement even if the actual results differ substantially from the estimates, assumptions or analysis. DRAFT
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Tax Laws and Valuation Agreement. The parties acknowledge that all laws of the State now in effect or hereafter enacted with respect to taxation of property shall be applicable and that the County, by entering into this Agreement, is not excusing any non-payment of taxes by Company. Without limiting the foregoing, the County and the Company shall always be entitled to exercise all rights and remedies regarding assessment, collection and payment of taxes assessed on Company’s property. In addition, the Development Program makes certain assumptions and estimates regarding valuation, depreciation of assets, tax rates and estimated costs. The County and the Company hereby covenant and agree that the assumptions, estimates, analysis and results set forth in the Development Program shall in no way (a) prejudice the rights of any party to be used, in any way, by any party in either presenting evidence or making argument in any dispute which may arise in connection with valuation of or abatement proceedings relating to Company’s property for purposes of ad valorem property taxation or (b) vary the terms of this Agreement even if the actual results differ substantially from the estimates, assumptions or analysis.
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Related to Tax Laws and Valuation Agreement

  • Effect on Agreement Other than as specifically amended herein, the Agreement shall remain in full force and effect.

  • CFR Part 200 or Federal Provision - Xxxx Anti-Lobbying Amendment - Continued If you answered "No, Vendor does not certify - Lobbying to Report" to the above attribute question, you must download, read, execute, and upload the attachment entitled "Disclosure of Lobbying Activities - Standard Form - LLL", as instructed, to report the lobbying activities you performed or paid others to perform. 2 CFR Part 200 or Federal Provision - Federal Rule Compliance with all applicable standards, orders, or requirements issued under section 306 of the Clean Air Act (42 U.S.C. 1857(h)), section 508 of the Clean Water Act (33 U.S.C. 1368), Executive Order 11738, and Environmental Protection Agency regulations (40 CFR part 15). (Contracts, subcontracts, and subgrants of amounts in excess of $100,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members requires the proposer certify that in performance of the contracts, subcontracts, and subgrants of amounts in excess of $250,000, the vendor will be in compliance with all applicable standards, orders, or requirements issued under section 306 of the Clean Air Act (42 U.S.C. 1857(h)), section 508 of the Clean Water Act (33 U.S.C. 1368), Executive Order 11738, and Environmental Protection Agency regulations (40 CFR part 15). Does vendor certify compliance? Yes

  • EFFECT OF THIS SUPPLEMENTAL AGREEMENT ON THE CONTRACT The Contract, as amended by this Supplemental Agreement, shall remain in full force and effect in accordance with its terms, and during the period in which the amendments made by this Supplemental Agreement are to have effect all references in the Contract to “the contract”, “herein”, “hereof”, “hereunder” and other similar expressions shall, unless the context requires otherwise, be read and construed as a reference to the Contract as amended by this Supplemental Agreement.

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