Common use of TAXES, LICENSES AND PERMITS Clause in Contracts

TAXES, LICENSES AND PERMITS. a. The Parties acknowledge that new facilities are not eligible for a sales tax exemption certificate on materials and furnishings directly through the Wichita Airport Authority. New facilities may be financed with the proceeds of Airport Special Facilities Revenue Bonds to qualify for a sales tax exemption certificate on materials and furnishings. In the event such bonds are issued, the Parties agree to amend this Agreement as necessary to provide for the issuance and payment of such bonds.

TAXES, LICENSES AND PERMITS. a. The Parties acknowledge that new facilities or improvements to the leasehold are not eligible for a sales tax exemption certificate on materials and furnishings directly through the Wichita Airport Authority. New facilities may or improvements to the leasehold must be financed with the proceeds of Airport Special Facilities Revenue Bonds to qualify for a sales tax exemption certificate on labor, materials and furnishingsfurnishings as allowed under State law. In the event such bonds are issued, the Parties agree to amend this Agreement as necessary to provide for the issuance and payment of such bonds.