Common use of Taxes After Termination Date Clause in Contracts

Taxes After Termination Date. After the Termination Date, the Long Term Tax Exemption shall expire, and the Land and the Improvements constructed thereupon shall thereafter be assessed and conventionally taxed according to Applicable Law as other real property in the Borough.

Taxes After Termination Date. After the Termination Date, the Long Term Tax Exemption shall expire, and the relevant portion of the Land and the Improvements constructed thereupon shall thereafter be assessed and conventionally taxed according to Applicable Law as other real property in the Borough.

Taxes After Termination Date. After the Termination Date, (i) the Long Term Tax Exemption shall expire, the Annual Service Charge and other payments due from the Redeveloper under the Financial Agreement shall terminate and the Land relevant portion of the Property and the Improvements constructed thereupon shall thereafter be assessed and conventionally taxed according to Applicable Law as other real property in the BoroughTownship, and (ii) all restrictions and limitations upon the Redeveloper, including without limitation the profits and dividends restrictions under the Exemption Law, shall terminate.

Taxes After Termination Date. After the Termination Date, the Long Term Tax Exemption shall expire, and the Land and Improvements on the Improvements Property constructed thereupon shall thereafter be assessed and conventionally taxed according to Applicable Law as other real property in the BoroughCity.