Common use of Stage Five Clause in Contracts

Stage Five. From the first day after the twenty-ninth (29th) anniversary of the Annual Service Charge Start Date until the thirtieth (30th) anniversary of the Annual Service Charge Start Date, the ▇▇▇ Calculation shall be 80% of the amount of the taxes otherwise due on the value of the Property and the Improvements.

Appears in 2 contracts

Sources: Redevelopment Agreement, Redevelopment Agreement