Section 5.3(a) Sample Clauses

Section 5.3(a). Section 5.3(a) of the Development Agreement is hereby amended and modified to cap the “Sales Tax Rebate Amount” payable with respect to Phases I and II of the Project to an amount, based on the unrestricted 1.2% defined in Section 5.3(b) of the Development Agreement, equal to One Hundred Twenty Thousand Dollars ($120,000) per year. City agrees that the term “Project Sales Tax Revenue” shall include, without limitation, all unrestricted privilege (sales) taxes levied and imposed by City on the rental, leasing, or licensing for use of real property. The Development Cap does not apply to, and shall not be reduced by, the Sales Tax Rebate Amount paid to Xxxxxxx (“Annual Sales Tax Limit”).
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Section 5.3(a). The following is inserted before the phrase “except as expressly provided under clause s.5.3A”: “Subject to applicable law and…”
Sample 1

Related to Section 5.3(a)

  • SECTION 812 Control by Holders of Securities..............................44 SECTION 813. Waiver of Past Defaults.......................................44

  • Section 14 (a) Upon timely request, the Department of Administrative Services shall make available at no cost to the Union the latest copy of any SEIU Local 503, OPEU bargaining unit employee statistical and expenditure reports relative to employment and benefits currently produced by the Department of Administrative Services which do not require manual or machine editing to remove confidential data or non-SEIU Local 503, OPEU bargaining unit employee data. Such request must be made in advance of the preparation of the reports. If new and appropriate employee statistical and expenditure reports are produced by the Department of Administrative Services, the Department and the Union may mutually agree in advance to provide such reports at no cost.

  • Section 512 Control By Holders................................. 37 Section 513. Waiver of Past Defaults............................ 37

  • SECTION 312 The Primary Servicer shall promptly (but in no event later than thirty (30) days after the related inspection or receipt of the inspection report, which ever is later, or collection, as applicable) forward to the Master Servicer a copy of all inspection reports prepared by the Primary Servicer and all operating statements, budgets, rent rolls and financial statements collected by the Primary Servicer. The Primary Servicer may engage a third party at its cost to perform property inspections and prepare property inspection reports without first obtaining the consent of the Master Servicer; provided, however, that the Primary Servicer shall remain obligated and primarily liable to the Master Servicer for satisfactory completion of the inspections and reports as required by this Agreement. If any inspection report identifies a “life safety” or other material deferred maintenance item existing with respect to the related Mortgaged Property, the Sub-Servicer (x) shall promptly send to the related Borrower (with a copy to the Master Servicer by email to xxxxxx@xxxxxxxxxx.xxx) a letter identifying such deferred maintenance item and instructing the related Borrower to correct such deferred maintenance item and (y) shall notify the Master Servicer (by email to xxxxxx@xxxxxxxxxx.xxx) upon resolution of such life safety or deferred maintenance item.

  • Section 116 Judgment Currency.....................................................................16

  • SECTION 514 Undertaking for Costs.............................. 37

  • Section 810 Resignation and Removal; Appointment of Successor.....................................43 Section 811. Acceptance of Appointment by Successor................................................45

  • SECTION 110 Benefits of Indenture...................................17 SECTION 111. Governing Law...........................................17

  • Section 511 Delay or Omission Not Waiver....................... 36

  • SECTION 103 Compliance Certificates and Opinions..........................8 SECTION 104. Form of Documents Delivered to Trustee........................8 SECTION 105. Acts of Holders; Record Dates.................................9

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