CRA Agreement definition
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.
Company and each Company Subsidiary is in compliance with the terms of each CRA Agreement, if any.
School District 1 and School District 2 hereby acknowledge that it has received a copy of the CRA Agreement.
No “PILOT” Payment (as defined in the CRA Agreement) has been paid or is due and payable with respect to the 2017 or 2018.
Borrower and/or Principal shall not take any action, or fail to take any action, in contravention of the CRA Agreement.
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.
Tenant agrees to complete and submit to the Landlord the reports of Tenant’s hiring and employment activities which Landlord is required to file under the CRA Agreement and Landlord agrees to comply the Agreement by timely filing any such reports and by complying with all other terms of the CRA Agreement.
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").
The parties acknowledge that the Premises may be the subject of a Community Reinvestment Area LEED Tax Exemption Agreement between the City of Cincinnati and Landlord, (“CRA Agreement”), which provides for an abatement of real property taxes under the terms of the CRA Agreement.