Examples of Taxing entity in a sentence
Pursuant to the provisions of the Lease Agreement, the Company will be required to pay to the appropriate Taxing Entity all taxes and assessments lawfully levied and/or assessed by the appropriate Taxing Entity against the Project Facility, including taxes and assessments levied for the current tax year and all subsequent tax years until the Project Facility shall be entitled to exempt status on the tax rolls of the appropriate Taxing Entity.
No change under this section may result in an increase in the maximum contribution of the City or any other P articipating Taxing Entity.
As between the City, the Board, any Participating Taxing Entity, and Developer, Developer shall be solely responsible for compensation payable to any employee, contractor, or subcontractor of the Developer, and none of Developer's employees, contractors, or subcontractors will be deemed to be employees, contractors, or subcontractors of the City, the Board, or any Participating Taxing Entity as a result of the Agreement.
The parties hereto acknowledge that the Project Facility shall not be entitled to such exempt status on the tax rolls of any Taxing Entity until the assessment roll corresponding to the Taxable Status Date of March 1, 2022 is prepared and filed.
The Company hereby agrees that in the event said increase is not approved by the Agency in accordance with the provisions of the Act, the payments in lieu of tax required to be paid by the Company under subsection (B) (1) (a) and B (2) (a) of this Section will be increased by an amount equal to the difference between the actual Assessed Value of the Project Facility and the Assumed Assessment multiplied by the applicable tax rates of each Taxing Entity.