Common use of No Exemption Clause in Contracts

No Exemption. With reference to the assessment of the Property and the ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Property Project or any part thereof, neither Developer nor any assignee or transferee of, or successor in interest to Developer shall for 10 years from the Anniversary Date, apply for, seek, or authorize any exemption (as such term is used and defined in the Illinois Constitution, Article IX, Section 6 (1970)) from real estate taxation for the Property.

No Exemption. With reference to the assessment of the Property and the ▇▇ ▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇ Property Project or any part thereof, neither Developer nor any assignee or transferee of, or successor in interest to Developer shall for 10 years from the Anniversary DateDate of this Agreement, apply for, seek, or authorize any exemption (as such term is used and defined in the Illinois Constitution, Article IX, Section 6 (1970)) from real estate taxation for the Property.Property.‌