Common use of QUALIFYING USE Clause in Contracts

QUALIFYING USE. The Applicant’s Qualified Property described in Section 3.3 qualifies for a tax limitation agreement under Section 313.024(b)(5) of the TEXAS TAX CODE as outlined in Section 313.024(b)(5) of the TEXAS TAX CODE and to the extent applicable that is consistent with the definitions of those terms used in Section 313.024(e)(2) of the TEXAS TAX CODE .

QUALIFYING USE. The Applicant’s Qualified Property described in Section 3.3 qualifies for a tax limitation agreement under Section 313.024(b)(5[Insert applicable Section 313.024(b)(1) – (9) based on nature of use as set forth in Section 313.024(b) of the TEXAS TAX CODE)] of the TEXAS TAX CODE as [Insert applicable nature of use as outlined in Section 313.024(b)(5313.024(b)(1)–(9) of the TEXAS TAX CODE and to the extent applicable that is consistent with the definitions of those terms used in Section 313.024(e)(2313.024(e)(1)–(7) of the TEXAS TAX CODE ].