Examples of CRA Agreement in a sentence
The Company, for itself and for any other Owner, hereby covenants that for the term of the exemptions set forth in City Ordinance No. , passed , 2021 (the “TIF Ordinance”), it waives the right to any other exemption from real property taxes for the Project Site, other than the exemptions provided by this CRA Agreement and the TIF Ordinance.
In consideration of the execution of this Agreement, the School District hereby: (i) irrevocably approves all exemptions that may be granted pursuant to the CRA Agreement; (ii) irrevocably waives any notice requirements under Ohio law with respect to the CRA Agreement; and (iii) irrevocably waives any defects or irregularities relating to the CRA Agreement.
This Board further hereby determines that in consideration of the Revenue Sharing Payments and subject to the execution and delivery of the Revenue Sharing Agreement by the City, it hereby approves the CRA Agreement (including any assignment thereof), in the form attached as Exhibit A hereto, and the CRA Exemptions.
The Company subsequently entered into negotiations with the CRA and in May 2015 announced that the parties had reached an agreement (the CRA Agreement) on the deductibility of the Tax Attributes.
Each Block Owner and CFCFA and/or Bridge Park NCA, as necessary or appropriate, will join the applicable CRA Agreement.
Whereas, in consideration of the Compensation Payments made to the School District under the Compensation Agreement, this Board has determined to approve the CRA Agreement as required by Section 3735.671 of the Revised Code.
In the event that all or any portion of the real estate tax abatement granted under the CRA Agreement is revoked or withdrawn retroactively due to Tenant’s failure to employ the number of people required under the CRA Agreement, Tenant agrees to pay any additional Real Estate Taxes due which are attributable to any period for which Tenant is obligated to pay Real Estate Taxes under this Lease (whether or not such additional Real Estate Taxes become due during the term of this Lease).
Except as disclosed in Schedule 4.10 of the Disclosure Schedule of Company, neither Company nor the Company Subsidiaries have any written or oral agreements with nongovernmental Persons regarding CRA activities (each, a "CRA Agreement," and collectively, the "CRA Agreements").
No “PILOT” Payment (as defined in the CRA Agreement) has been paid or is due and payable with respect to the 2017 or 2018.
The CRA Agreements shall include, among other things, an acknowledgement by Developer and Block Owner that City may terminate the CRA Agreement with respect to a Block if Developer and Block Owner do not satisfy the Incentive Contingencies for that Block by the Construction Commencement Deadline for the Block.