O-2007-2990 - Laserfiche WebLink

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certify to the City that it will claim the exemption in 19 V.S.C. ~8lo(e) as it relates to the FTZ Inventory owned by Company, if any, with respect to ad valorem taxes payable to the City on such FTZ Inventory, only at the percentage rate agreed to under Paragraph C of this agreement. 2. Immediately upon execution of this Agreement, the City shall issue a letter of non-objection in substantially the form attached as Exhibit B, which is to be filed as part of the Company's Application to Expand Foreign Trade Zone No. 84 to encompass the Complex 3. Company agrees that this Agreement is necessary for the Expansion of the Foreign Trade Zone No. 84 to include the Complex, and such Expansion is in the best interest of the community. Therefore, a violation by Company of this Agreement or a determination of its invalidity would justify a reversal of such Expansion. D. Miscellaneous Provisions 1. Governing Law. This Agreement will be interpreted under the laws of the State of Texas. 2. Binding Effect. This Agreement shall extend to and be binding upon and inure to the benefit of the parties hereto, and their respective legal representatives, successors and assigns. It is agreed that City Taxing Jurisdiction is a beneficiary of this Agreement and shall be entitled to enforce its terms and seek damages for its breach. 3. Entire Agreement. This Agreement supersedes any prior understanding or oral agreements between the parties with respect to the subject matter hereof and constitutes the entire understanding and agreement between the parties with respect to the subject matter hereof, and there are no agreements, understandings, restrictions, representations or warranties among the parties with respect to the subject matter hereof other than those set forth herein or provided for herein. 4. Agreement Does Not Affect Other Rights. Obligations or Agreements. This Agreement does not supersede, modify or affect any other agreement that has been or may be entered into between Company and any other taxing jurisdiction or any other person or entity. 5. Modification of Agreement. This Agreement may be modified only by written consent of all parties. 6. Further Assurances. The parties covenant and agree that they will execute such other and further documents as are or may become necessary or convenient to effectuate and carry out the purpose of this Agreement, including specifically all payment in lieu of tax. agreements sought by Users. 7. Severability. To the extent permitted by law, a holding by any court that any part or any provision in this Agreement is invalid, illegal or unenforceable in any respect, shall not affect any other provision, and this Agreement shall be construed as if the invalid, illegal or unenforceable provision had never been a part ofthe Agreement.