Project Valuation definition
Examples of Project Valuation in a sentence
During the period of this Redevelopment Agreement, Redeveloper, its successors and assigns, will: (1) not protest a real estate property valuation of the Project Site to a sum less than the Minimum Project Valuation; and (2) not convey the Project Site or structures thereon to any entity which would be exempt from the payment of real estate taxes or cause the nonpayment of such real estate taxes.
If, during the period of this Redevelopment Agreement, the Project Site is assessed at less than the Minimum Project Valuation, Redeveloper shall be responsible for any shortfall in the Tax Increment generated by the Project.
To reach the required Anticipated Project Valuation, ▇▇▇▇▇ shall use reasonable efforts to create a taxable real property valuation of each Lot of not less than the Anticipated Lot Valuation no later than the applicable completion date for said Lot.
The Redeveloper intends to create taxable real property valuation for each phase of the Project not less than the Minimum Project Valuation as defined in this First Amendment.
During the period of this Agreement, Redeveloper, its successors and assigns, will: (1) not protest a real estate property valuation of the Project and Project Site to a sum less than or equal to the Minimum Project Valuation; and (2) not convey the Project Site or structures thereon to any entity which would be exempt from the payment of real estate taxes or cause the nonpayment of such real estate taxes.
The City and ▇▇▇▇▇ shall use reasonable efforts to create a taxable real property valuation of the Project and Project Site of not less than the Anticipated Project Valuation no later than as of the Effective Date of the final phase of the Project.
During the period of this Amendment following the applicable Effective Date, Redeveloper and their successors and assigns, shall: (a) not protest real property valuation of the Project and Project Site to a sum less than or equal to the Minimum Project Valuation; and (b) not convey the Project Site to any entity would be exempt from the payment of real estate taxes.
Consumption shall be performed according to the 2012 "Beijing Construction Project Valuation Basis-Budget Quota".
Every purchaser of a home on the Phase Two Site shall be subject to this provision so as to not protest any assessed valuation that would bring the valuation for a particular phase to an amount less than or equal to the Minimum Project Valuation.
Redeveloper has agreed to create a taxable real property valuation of the Project and Project Site of not less than the Minimum Project Valuation no later than the Project Completion Date.