Examples of Project Improvements in a sentence
For each Unit, and for any year, shall equal the product of the assessed value of such Unit in such year (inclusive of the Land, Project Improvements thereon and the Common Elements) subject to the provisions of Section 4.06 with respect to Common Elements), as determined by the Tax Assessor using the fair market value approach, multiplied by the Rounded Tax Rate for such year.
Xxxxx further agrees that Seller shall have the right to enter the Unit for all purposes in connection with the construction of the Project Improvements, and Xxxxx agrees to execute and deliver to Seller, upon request, such further instruments confirming Seller's rights.
The Annual Service Charge is in lieu of any and all other municipal real estate taxes on the Project Area and the Project Improvements (inclusive of the Units, the Land and Common Elements) pursuant to N.J.S.A. 40A:20-12.