Exemption Period definition

Exemption Period means the period beginning on the first day of the property tax year after the property tax year in which an applicable portion of Economic Development Property is placed in service and ending on the Termination Date. In case there are Phases of the Project, the Exemption Period applies to each year’s investment made during the Investment Period.

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Exemption Period means the period beginning on the first day of the property tax year after the property tax year in which an applicable piece of economic development property is placed in service and ending on the termination date. For projects which are completed and placed in service during more than one year, the exemption period applies to each year’s investment made by a sponsor during the investment period.

Exemption Period means the period beginning on the first day of the property tax year after the property tax year in which an applicable piece of Economic Development Property is placed in service and ending on the Termination Date. In case there are Phases of the Project, the Exemption Period applies to each year’s investment made during the Investment Period.

Examples of Exemption Period in a sentence

• The fair market value of the real property for the first year of the Exemption Period remains the fair market value of the real property and Improvements for the life of the Exemption Period.

• In case there are Phases of the Project, the Exemption Period applies to each year’s investment made during the Investment Period.

• Any utilities fees incurred during the renovation or improvement during the Rent Exemption Period shall be paid by Party B.

• The Term of this agreement shall extend from the Effective Date until the end of the Exemption Period.

• Pursuant to the Master Agreement, the Exemption Period will begin on January 1 of the calendar year designated by Rackspace, which may be designated to begin on January 1 after the completion of substantial construction of the first phase of the renovation of the Leased Property and the Exemption Period (and, therefore, the term of this Agreement) must begin no later than January 1, 2010.

More Definitions of Exemption Period

Exemption Period means the period during which any Exemption Event has occurred and continues.

Exemption Period means the period commencing on the day (inclusive) the Borrower receives the notice in Clause 9.1 and ending on the day (inclusive) it receives the notice in Clause 9.2.

Exemption Period means the period from the day (inclusive) on which the Borrower receives a notice under Clause 7.1 to the day (inclusive) on which it receives a notice under Clause 7.2.

Exemption Period means the period from July 1, 2022, through June 30, 2023.

Exemption Period means the period of exemption specified in a notice of exemption under regulation 23(4);

Exemption Period means the period from July 1, 2022, through June 30, 2024.

Exemption Period means that period during which all or a portion of the assessed valuation of the improvements has been exempted from real property taxation pursuant to section 725.02 of the Revised Code.