Exemption Application Sample Clauses

The Exemption Application clause outlines the process by which a party may formally request to be excused from certain obligations or requirements specified in the agreement. Typically, this clause details the criteria for eligibility, the documentation or justification needed, and the procedure for submitting and reviewing such applications. For example, a party might apply for an exemption due to unforeseen circumstances or regulatory changes. The core function of this clause is to provide a structured and transparent mechanism for seeking relief from specific contractual duties, thereby accommodating flexibility while maintaining overall contractual integrity.
Exemption Application. A.) Subject to the completion and filing by the Agency or its designee at the direction of the Agency on or before the taxable status date October 15, 2023 (the “Taxable Status Date”) of New York State Form RP-412-a Application For Real Property Tax Exemption (the “Exemption Application”) under Section 412-a of the New York State Real Property Tax Law and Section 874 of the Act and the approval of the Exemption Application by the appropriate assessors or Board of Assessment Review, the Facility shall be exempt from Real Estate Taxes for the periods set forth in Section 1.3. For purposes of the foregoing, “Real Estate Taxes” means all general levy real estate taxes levied against the Facility by the County and City, including Real Estate Taxes levied by the City for its Dependent School District. The Company shall provide the Agency with the information necessary for the completion and filing of the Exemption Application and shall provide such additional information and take such actions as are required by the appropriate assessors or Board of Assessment Review to process and approve the Exemption Application. Notwithstanding anything contained herein or in the Leaseback Agreement to the contrary, in the event the exemption from Real Estate Taxes is denied for any reason, the Company shall pay (and hereby agrees to pay) all Real Estate Taxes levied upon the Facility as they become due, specifically including but not limited to Real Estate Taxes for years prior to and after the tax years covered by this Tax Agreement. After giving written notice to the Agency, the Company may in good faith contest the denial of the Exemption Application, provided that (i) the overall operating efficiency of the Facility is not impaired and the Facility continues to qualify as a “project” under the Act; (ii) neither the Facility nor any part of or interest in it would be in any danger of being sold, forfeited or lost; or (iii) neither the Company nor the Agency, as a result of such contest, shall be in any danger of any civil or criminal liability. The Company hereby waives any claim or cause of action against the Agency, and releases the Agency from any liability to the Company, arising from the denial of an exemption from Real Estate Taxes except to the extent that such denial results solely from the failure of the Agency to file the Exemption Application with the appropriate assessors or Board of Assessment Review by the Taxable Status Date.
View SourceView Similar (21)
Exemption Application. If overtime - in excess of the specified 10 hours - is to be exempted from time off in lieu, the parties must promptly submit identical applications to the Association of the Danish Woodworking and Furniture Industries and 3F applying for exemption from the duty to take time off; however, such application may never prevent the commencement and execution of overtime.
View SourceView Similar (4)
Exemption Application. The University and the Union will cooperate in requesting that the Government of Ontario exempt this collective agreement from the application of Bill 124, pursuant to Section 21 thereof.
View SourceView Similar (2)
Exemption Application. The City and Developer agree to cooperate in the preparation, execution and filing of all necessary applications and supporting documents to obtain from time to time the TIF Exemption and to enable the City to collect the Service Payments with respect to the TIF Parcels. The Developer shall prepare such applications and documents to be filed by the Developer with the consent of the City, and such applications and documents shall be submitted to the City for approval in its reasonable discretion. The Developer shall not file any exemption application for any of the TIF Parcels without obtaining the approval of the City to file the exemption application. The City is authorized with prior written consent of Developer to file written notice of the TIF Exemption on any TIF Parcel pursuant to Ohio Revised Code 5709.911. The City and Developer each agree to perform such acts as are reasonably necessary or appropriate in effect, claim, reserve and maintain the TIF Exemption and collect the Service Payments, including, without limitation, joining in the execution of all documentation and providing any necessary certificate required in connection with the TIF Exemption or the Service Payments. Developer has advised the City that a portion of the Development may be established as a tax exempt use, in which case (a) Developer will negotiate a payment in lieu of Service Payments as a charge against the parcel in an amount acceptable to the City, (b) the City will defer filing a DTE with respect to the parcel in order that the tax exempt use will take priority and (c) the TIF Declaration as to that TIF Parcel shall be amended accordingly.
View Source
Exemption Application. It is expressly understood and agreed that the Township expressly has relied upon the facts, data and representations contained in the Exemption Application in granting the tax exemption described in this Financial Agreement.
View Source

Related to Exemption Application

  • Exemption If a Subrecipient expends less than $750,000 in Federal Awards during its fiscal year, the Subrecipient shall be exempt from Federal audit requirements for that year, except as noted in 2 CFR §200.503 (Relation to other audit requirements), but records shall be available for review or audit by appropriate officials of the Federal agency, the State, and the Government Accountability Office.

  • Securities Law Notification This offer is addressed only to certain eligible employees in the form of the shares of Common Stock to be issued by the Corporation. Neither the Plan nor the Award Agreement has been approved, nor do they need to be approved, by the National Bank of Kazakhstan. This offer is intended only for the original recipient and is not for general circulation in the Republic of Kazakhstan.

  • SALES TAX EXEMPTION The Services under the Contract will be paid for from the Department’s funds and used in the exercise of the Department’s essential functions as a State of Utah entity. Upon request, the Department will provide Contractor with its sales tax exemption number. It is Contractor’s responsibility to request the Department’s sales tax exemption number. It is Contractor’s sole responsibility to ascertain whether any tax deductions or benefits apply to any aspect of the Contract.

  • Securities Act Exemption Neither the Holder nor anyone acting on behalf of the Holder has received any commission or remuneration directly or indirectly in connection with or in order to solicit or facilitate the Exchange. The Holder understands that the Exchange contemplated hereby is intended to be exempt from registration by virtue of Section 3(a)(9) of the Securities Act. The Holder understands that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Holder set forth herein for purposes of qualifying for the exemption under Section 3(a)(9) of the Securities Act as well as qualifying for exemptions under applicable state securities laws.

  • Securities Law Exemptions Assuming the accuracy of the representations and warranties of the Initial Purchasers contained in Section 1(b) (including Annex C hereto) and their compliance with their agreements set forth therein, it is not necessary, in connection with the issuance and sale of the Securities to the Initial Purchasers and the offer, resale and delivery of the Securities by the Initial Purchasers in the manner contemplated by this Agreement, the Time of Sale Information and the Offering Memorandum, to register the Securities under the Securities Act or to qualify the Indenture under the Trust Indenture Act.