Covenant to Maintain Sales and Use Tax Operations in City of Xxxxxx City Sample Clauses

Covenant to Maintain Sales and Use Tax Operations in City of Xxxxxx City. Company acknowledges that City's commitment to provide tax rebate payments as set forth herein have been made in exchange for Company's commitment to establish and maintain Business Activities within the City, including by establishing and designating the City of Xxxxxx City as the Principal Place of Business for sale of Company's Taxable Products in Northern California (other than sales of Taxable Products from Company's facilities in Mission Bay, San Francisco, which facility is in existence as of the Execution Date) for the entire Term of this Agreement. If, at any time during the Term, Company should designate one or more other jurisdictions as the Principal Place of Business for the sale of Company's Taxable Products in Northern California (other than sales of Taxable Products from Company's facilities in Mission Bay, San Francisco, which facility is in existence as of the Execution Date), Company shall repay to City, within 30 days following City's written demand therefor, the amount of the tax rebate payments paid by City to Company pursuant to Section 2 above, less any Local Use Taxes, Local Use Taxes (Registered Vendors), and Local Sales Taxes received by the City (pursuant to Sections 2.2.1, 2.2.2, 2.2.3) in excess of the total amount of such tax rebate payments as of the date of such change in Principal Place of Business. Any amounts not timely repaid to City shall accrue interest at the rate of 7% per annum until paid. Company's obligations under this Section 4.3 shall survive the expiration or termination of this Agreement.
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