Common use of Responsibility of Owner Clause in Contracts

Responsibility of Owner. In consideration of receiving the tax abatement granted herein, the Owner represents and a. That construction of the Eligible Property will commence on or before December b. That Owner shall have delivered the Certificate to the County certifying that the Project has achieved Commercial Operations no later than December 31, 2023. II. The Parties acknowledge and agree the Agreement is effective as of the date executed by both Parties but that the start of the actual tax abatement period has been deferred, with the first year of the abatement period to be the calendar year commencing on the first January 1 after Owner delivers the Certificate.”