New Exemption definition

New Exemption means the exemption from real property taxation provided hereunder with respect to the Exemption Area.
Sample 1Sample 2Sample 3
New Exemption means the exemption from real property taxation provided hereunder.
Sample 1Sample 2Sample 3
New Exemption means the exemption from real property taxation, commencing on the Effective Date, provided hereunder with respect to the Exemption Area.
Sample 1Sample 2

Examples of New Exemption in a sentence

  • If the noncompliance specified in such notice is not cured within the time period specified therein, the New Exemption shall prospectively terminate.

  • The New Exemption shall apply to all land in the Exemption Area, but shall only apply to a building on the Exemption Area that exists on the Effective Date.

  • In consideration of the New Exemption, the owner of the Exemption Area shall, for so long as the New Exemption shall remain in effect, waive the benefits of any additional or concurrent exemption from or abatement of real property taxation which may be authorized under any existing or future local, state, or federal law, rule, or regulation.

  • The New Exemption shall apply to all land in the Exemption Area, but shall only apply to buildings on the Exemption Area that exist on the Effective Date.

  • See also “Homeland Security Law Contains New Exemption 3 Statute,” FOIA Post, Jan.

  • The New Exemption shall not apply to any building constructed on the Exemption Area which did not have a permanent certificate of occupancy on the Effective Date.

  • See also, “Homeland Security Law Contains New Exemption 3 Statute,” FOIA Post, Jan.

  • In consideration of the New Exemption, the owner of the Exemption Area, for so long as the New Exemption shall remain in effect, shall waive the benefits of any additional or concurrent exemption from or abatement of real property taxation which may be authorized under any existing or future local, state or federal law, rule or regulation.DAVID G.

  • In consideration of the New Exemption, the owner of the Exemption Area shall (a) execute and record the Regulatory Agreement, and (b) for so long as the New Exemption shall remain in effect, waive the benefits of any additional or concurrent exemption from or abatement of real property taxation which may be authorized under any existing or future local, state, or federal law, rule, or regulation.

  • See Countryman, For a New Exemption Policy in Bankruptcy, 14 Rutgers L.


More Definitions of New Exemption

New Exemption has the meaning attributed to it in Clause 12.3(i) (Tax Gross-Up);
Sample 1Sample 2
New Exemption means the program of exemption from and abatement of real property taxation authorized pursuant to Section 577 of Article XI of the Private Housing Finance Law.
Sample 1
New Exemption means the exemption from real property taxation
Sample 1

Related to New Exemption

  • Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.

  • QPAM Exemption is defined in Section 6.2(d).

  • INHAM Exemption is defined in Section 6.2(e).

  • Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.

  • Prior Exemption means any exemption from real property taxation for the Exemption Area pursuant to the Private Housing Finance Law or the General Municipal Law that was in effect prior to the Effective Date.

  • Tax Exemption means any financial assistance granted to a project which is based upon all or a portion of the taxes which would otherwise be levied and assessed against a project but for the involvement of the Agency in such project.

  • certificate of exemption means any document evidencing that the entity is exempt from

  • Exemption means the exemption from real property taxation provided hereunder.

  • Non-exempt sale means any sale or transfer of ownership other than the transfer of ownership between husband and wife; the transfer of ownership between former spouses ordered as a result of a judicial decree of divorce or judicial separation, but not including sales to third parties; the transfer of ownership between family members as a result of inheritance; the transfer of ownership through an executor’s deed to a class A beneficiary and the transfer of ownership by court order.

  • Similar Law As defined in Section 5.02(b).

  • Exemption Area means the real property located in the Borough of Brooklyn, City and State of New York, identified as Block 4329, Lot 1 on the Tax Map of the City of New York.

  • Non-Exempt Award means any Award that is subject to, and not exempt from, Section 409A, including as the result of (i) a deferral of the issuance of the shares subject to the Award which is elected by the Participant or imposed by the Company or (ii) the terms of any Non-Exempt Severance Agreement.

  • TIF Act means Minnesota Statutes, Sections 469.174 through 469.1794, both inclusive.

  • Transaction Request Defined in Section 3.01(a).

  • SRM Regulation means Regulation (EU) No. 806/2014 of the European Parliament and of the Council of 15 July 2014, establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of the Single Resolution Mechanism and the Single Resolution Fund and amending Regulation (EU) No. 1093/2010, as amended or replaced from time to time (including by the SRM Regulation II).