FEES IN LIEU OF TAXES. Section 5.01.
FEES IN LIEU OF TAXES. Payment of Fees in Lieu of Ad Valorem Taxes.
FEES IN LIEU OF TAXES. The Property is currently subject to a “fee-in-lieu” of taxes agreement. In the event Tenant desires to contest, modify or change the agreement, such attempts shall only be undertaken jointly with Landlord.
FEES IN LIEU OF TAXES. To the extent provided in Article VIII, Section 13(D) of the South Carolina Constitution, all property located in the Park is exempt from all ad valorem taxation. The owners or lessees of any property situated in the Park shall pay in accordance with this Commerce Park Agreement an amount (referred to as fees in lieu of ad valorem taxes) equivalent to the ad valorem taxes or other in-lieu-of payments that would have been due and payable but for the location of such property within the Park.
