Common use of Ad Valorem Taxes Clause in Contracts

Ad Valorem Taxes. Owner allows its ad valorem taxes owed to City to become delinquent and fails to timely and properly follow the legal procedures for protest and /or contest of such taxes and to cure such failure within thirty (30) days after written notice thereof from City and/or Collin County Central Appraisal District is an Event of Default.

Appears in 3 contracts

Samples: Development Agreementand Performance Agreement, Development Agreementand Performance Agreement, Development Agreementand Performance Agreement

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Ad Valorem Taxes. Owner Developer allows its ad valorem taxes owed to City the Town to become delinquent and fails to timely and properly follow the legal procedures for protest and /or and/or contest of such taxes and to cure such failure within thirty (30) days after written notice thereof from City BCDC and/or Collin Denton County Central Appraisal District is an Event of Default.

Appears in 2 contracts

Samples: Performance Agreement, Performance Agreement

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Ad Valorem Taxes. Owner allows its ad valorem taxes owed to City to become delinquent and fails to timely and properly follow the legal procedures for protest and /or and/or contest of such taxes and to cure such failure within thirty (30) days after written notice thereof from City and/or Collin County Central Appraisal District is an Event of Default.

Appears in 1 contract

Samples: Development Agreement and Performance Agreement

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