Common use of Additional Facilities Clause in Contracts

Additional Facilities. If any structural additions or change in use to a use other than a mixed-use, multi-family development shall be made to the buildings or other improvements included in the Facility subsequent to the date hereof (other than the initial construction of the Building contemplated by the Project), or if any additional buildings or improvements shall be constructed on the Land other than the Building (such change of use to a use other than a mixed-use, multi-family development, new structures, structural additions, buildings and improvements being referred to hereinafter as “Additional Facilities”), the Obligor agrees that its PILOT Obligations hereunder shall be increased by an amount, as determined by the Agency or a tax assessor selected by the Agency, equal to the increased tax payments, if any, that would have been payable on such increase if this Agreement were not in effect. Nothing herein shall constitute the Agency’s consent to the construction of any such additions or additional buildings or improvements or to such change of use to a use other than a mixed-use, multi-family development.

Appears in 2 contracts

Sources: Uniform Project Agreement, Payment in Lieu of Taxes Agreement

Additional Facilities. If any structural additions or change in use to a use other than a mixed-use, multi-family development shall be made to the buildings or other improvements included in the Project Facility subsequent to the date hereof (other than the initial construction of the Building contemplated by the ProjectProject or other than those changes which do not affect the footprint of the Building or increase the useable area thereof), or if any additional buildings or improvements shall be constructed on the Land other than the Building (such change of use to a use other than a mixed-use, multi-family development, new structures, structural additions, buildings and improvements being referred to hereinafter as “Additional Facilities”), the Obligor agrees that its PILOT Obligations hereunder shall be increased by an amount, as determined by the Agency or a tax assessor selected by the Agency, equal to the increased tax payments, if any, that would have been payable on such increase if this Agreement were not in effect. Nothing herein shall constitute the Agency’s consent to the construction of any such additions or additional buildings or improvements or to such change of use to a use other than a mixed-use, multi-family development.

Appears in 2 contracts

Sources: Payment in Lieu of Taxes Agreement, Payment in Lieu of Taxes Agreement

Additional Facilities. If any structural additions or change in use to a use other than a mixed-use, multi-family development shall be made to the buildings or other improvements included in the Rental Project Facility subsequent to the date hereof (other than the initial construction of the Building contemplated by the Rental Project), or if any additional buildings or improvements shall be constructed on the Rental Project Land other than the Building (such change of use to a use other than a mixed-use, multi-family development, new structures, structural additions, buildings and improvements being referred to hereinafter as “Additional Facilities”), the Obligor agrees that its PILOT Obligations hereunder shall be increased by an amount, as determined by the Agency or a tax assessor selected by the Agency, equal to the increased tax payments, if any, that would have been payable on such increase if this Agreement were not in effect. Nothing herein shall constitute the Agency’s consent to the construction of any such additions or additional buildings or improvements or to such change of use to a use other than a mixed-use, multi-family development.

Appears in 2 contracts

Sources: Uniform Project Agreement, Payment in Lieu of Taxes Agreement

Additional Facilities. If any structural additions or change in use to a use other than a mixed-use, multi-family development shall be made to the buildings or other improvements included in the Project Facility subsequent to the date hereof (other than the initial construction of the Building contemplated by the ProjectProject or other than those changes which do not affect the footprint of the Building or increase the usable area thereof and do not exceed $250,000.00 in cost), or if any additional buildings or improvements shall be constructed on the Land other than the Building (such change of use to a use other than a mixed-use, multi-family development, new structures, structural additions, buildings and improvements being referred to hereinafter as “Additional Facilities”), the Obligor agrees that its PILOT Obligations hereunder shall be increased by an amount, as determined by the Agency or a tax assessor selected by the Agency, equal to the increased tax payments, if any, that would have been payable on such increase if this Agreement were not in effect. Nothing herein shall constitute the Agency’s consent to the construction of any such additions or additional buildings or improvements or to such change of use to a use other than a mixed-use, multi-family development.

Appears in 2 contracts

Sources: Uniform Project Agreement, Payment in Lieu of Taxes Agreement