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. , . . .; its final Harris County ad valorem tax valuation of its properties in the area for such year, taking into account the then current tax rate of the City and the final ad valorem tax valuation placed by Harris County for that same year on the properties of each of the other Industries lying within the area when related proportionately to the limitation of $125,000 per year in total taxes to be paid the City by the Industries collectively a~ hereinabove provided. In the event the valuation of said property of any Industry has not been made final by Harris County prior to September 1 in any year and any payment thereafter by such Industry based on its final valuation for that year would be in an amount which would cause the total taxes paid by all of the Industries collectively to the City for that year to exceed $125,000, then such Industry shall pay to the other Industries proportionately on the basis hereinabove provided an amount equal to that by which its tax payment for that year would exceed said total $125,000 (and reduced, if necessary) in order to effect a readjustment among all of the Industries of the pro- portionate tax payment of each to the City for that year in accordance with the formula above provided. 3. In the event any Industry should elect to protest its Harris County tax valuation on its proper- ties within the area, as fixed by the Commissioners Court of Harris County for any year during the term hereof, then nothing in this Agreement shall preclude its protest of such valuation and its taking all legal steps desired by it to defend against the same insofar as Harris County is concerned. However, on or before September 1 in that year or within ten days after the action of the Commissioners Court of Harris County -5-