Covenant Against Solicitation and Acceptance of Economic Incentives Sample Clauses

Covenant Against Solicitation and Acceptance of Economic Incentives. During the Term of the Operating Use Covenant. Owner covenants and agrees that, during the Covenant Term, Owner will not directly or indirectly solicit or accept any “Financial Assistance” from any other public or private person or entity, if such Financial Assistance is given for the purpose of causing or would result in an Owner Default (as defined herein). For purposes of this Section 3.1.4 the term “Financial Assistance” means any direct or indirect payment, subsidy, rebate, or other similar or dissimilar monetary or non-monetary benefit, including, without implied limitation, payment of land subsidies, relocation expenses, public financings, property or sales tax relief, rebates, exemptions or credits, relief from public improvement obligations, and payment for public improvements to or for the benefit of Owner.
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