Common use of Rights and Obligations Related to Long Term Tax Exemption Clause in Contracts

Rights and Obligations Related to Long Term Tax Exemption. (i) All Annual Service Charge payments, as the case may be, made pursuant to this Agreement shall be in lieu of taxes and the Borough shall have the rights and remedies of tax enforcement granted to a municipality by Applicable Law, including those of in rem tax foreclosure pursuant to N.J.S.A. 54:5-1, just as if said payments constituted regular real estate tax obligations on other real properties within the Borough.

Rights and Obligations Related to Long Term Tax Exemption. (i) All Annual Service Charge payments, as the case may be, payments made pursuant to this Agreement shall be in lieu of taxes and the Borough City shall have the rights and remedies of tax enforcement granted to a municipality by Applicable Law, including those of in rem tax foreclosure pursuant to N.J.S.A. 54:5-1, just as if said payments constituted regular real estate property tax obligations on other real properties within the BoroughCity.

Rights and Obligations Related to Long Term Tax Exemption. (ia) All Annual Service Charge or Minimum Annual Service Charge payments, as the case may be, made pursuant to this Financial Agreement shall be in lieu of taxes and and, as set forth above, the Borough Township shall have the rights and remedies of tax enforcement granted to a municipality by Applicable Law, including those of in rem tax foreclosure pursuant to N.J.S.A. 54:5-1, just as if said payments constituted regular real estate property tax obligations on other real properties within the BoroughTownship.

Rights and Obligations Related to Long Term Tax Exemption. (i) A. All Annual Service Charge or Minimum Annual Service Charge payments, as the case may be, made pursuant to this Financial Agreement shall be in lieu of taxes and and, as set forth above, the Borough shall have the rights and remedies of tax enforcement granted to a municipality by Applicable Law, including those of in rem tax foreclosure pursuant to N.J.S.A. 54:5-1, just as if said payments constituted regular real estate tax obligations on other real properties within the Borough.N.J.