Examples of Applicable Rate in a sentence
Notwithstanding any other provision of this Agreement, the Developer shall provide the Commission with written notice of any intended challenge or appeal of the Applicable Rate or the Assessed Value throughout the Term.
Real Estate Taxes shall mean all ad valorem real estate taxes that are or would be levied, imposed, or charged on, against, for, or with respect to, all or a portion of the Mixed-Use Project Site by or for all Taxing Authorities, assuming application of the Applicable Rate to the Assessed Value without any credits, exemptions, deductions, or other reductions.
Applicable Rate shall mean the tax rate that either: (a) is used for purposes of determining the Real Estate Taxes; or (b) would be used for purposes of determining the Real Estate Taxes for the Mixed-Use Project Site, if all or a portion of the Mixed-Use Project Site were not Tax-Exempt.