No Tax Limitation During Deferral Sample Clauses

No Tax Limitation During Deferral. The Company acknowledges that it will not be in the Construction Period or the Incentive Period if it elects to activate a deferral under Section 5.4.1, so the Company will not be granted the limitation specified in Section 4.2 for the tax year during which the deferral applies. Instead, for purposes of this Agreement, the taxable value of the Eligible Property for District maintenance and operations ad valorem tax purposes shall be 100% of the Market Value of the property for that tax year.
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Related to No Tax Limitation During Deferral

  • Counterparts This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

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