EDRB definition
Examples of EDRB in a sentence
Subject to all Applicable Laws and Requirements, and subject further to compliance by Developer with all City requirements for the issuance of economic development revenue bonds (“EDRBs”), the parties hereby agree that Developer may use EDRB financing to obtain an exemption on sales taxes levied by Kansas governmental entities for construction materials, equipment and furnishing for the Project.
However, the parties hereby understand and agree that EDRB financing shall not be used for abatement of ad valorem taxes for the Project or the Project Site.
Subject to all Applicable Laws and Requirements, and subject further to compliance by Transferee with all City requirements for the issuance of EDRBs, the parties hereby agree that Transferee may use EDRB financing to obtain an exemption on sales taxes levied by Kansas governmental entities for construction materials, equipment and furnishing for the Transferee's Project.
In accordance with the terms of Section 6.04(b) of the Development Agreement, the City and Developer hereby consent to an assignment of the right to use economic development revenue bond ("EDRB") financing to Transferee in order to obtain an exemption on sales taxes levied by Kansas governmental entities for construction materials, equipment and furnishing for Transferee’s Project, subject to the terms and conditions set forth herein.
However, the parties hereby understand and agree that, for purposes of the EDRB financing agreed to and provided for in this Section 8, the EDRBs shall not be used for abatement of ad valorem taxes for the Transferee's Project or the Project Site, except for and excluding public improvements thereon.
However, the parties hereby understand and agree that, for purposes of the EDRB financing agreed to and provided for in this Section 4.06, the EDRBs shall not be used for abatement of ad valorem taxes for the Project or the Project Site, except for and excluding public improvements thereon.
However, the parties hereby understand and agree that, for purposes of the EDRB financing agreed to and provided for in this Section 5.4, the EDRBs shall not be used for abatement of ad valorem taxes for the Project or the Project Site.
Subject to all Applicable Laws and Requirements and subject further to compliance by Developer with all City requirements for the issuance of EDRBs, the parties hereby agree that Developer may use EDRB financing to obtain an exemption on sales taxes for construction materials, equipment and furnishing for the portions of the Project constructed by Developer.
Subject to all Applicable Laws and Requirements and subject further to compliance by Developer with all City requirements for the issuance of EDRBs, the parties hereby agree that Developer may use EDRB financing to obtain an exemption on sales taxes for construction materials for the Project.
Subject to all Applicable Laws and Requirements, and subject further to compliance by Developer with all City requirements for the issuance of EDRBs, the Parties hereby agree that Developer may use EDRB financing to obtain an exemption on sales taxes levied by Kansas governmental entities for construction materials, equipment, labor and furnishing for the Amended Project.