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Company shall have the right to take all legal steps desired by it <br /> to reduce the same. <br /> Notwithstanding such protest by Company, and except as otherwise <br /> provided in Article VI(B), Company agrees to pay to City on or <br /> before the date therefore hereinabove provided, at least the total <br /> of (a) the total amount of ad valorem taxes on the annexed <br /> portions, plus (b) the total amount of the "in lieu of taxes" on <br /> the unannexed portions of Company's hereinabove described property <br /> which would be due to City in accordance with the foregoing <br /> provisions of this Agreement on the basis of renditions which <br /> shall be filed by Company. <br /> When the City or Harris County Appraisal District (as the case may <br /> be) valuation on said property of Company has been so finally <br /> determined, either as the result of final judgment of a court of <br /> competent jurisdiction or as the result of other final conclusion <br /> of the controversy, then within thirty (30) days thereafter <br /> Company shall make payment to City of any additional payment due <br /> hereunder, or City shall make payment to Company of any refund <br /> due, as the case may be, based on such final valuation, together <br /> with applicable penalties, interests, and costs. <br /> B. Should Company disagree with any appraisal made by the <br /> independent appraiser selected by City pursuant to Article IT <br /> above (which shall be given in writing to Company), Company shall, <br /> within twenty (20) calendar days of receiving City's invoice, give <br /> written notice to the City of such disagreement. In the event <br /> Company does not give such written notice of disagreement within <br /> such time period, the appraisal made by said independent appraiser <br /> shall be final and controlling for purposes of the determination <br /> of "in lieu of taxes" payments to be made under this Agreement. <br /> Should Company give such notice of disagreement, Company shall <br /> also submit to the City with such notice a written statement <br /> setting forth what Company believes to be the market value of <br /> Company's hereinabove described property. Both parties agree to <br /> thereupon enter into good faith negotiations in an attempt to <br /> reach an agreement as to the market value of Company's property <br /> for "in lieu" purposes hereunder. If, after the expiration of <br /> thirty (30) days from the date the notice of disagreement was <br /> received by City, the parties have not reached agreement as to <br /> such market value, the parties agree to submit the dispute to <br /> final arbitration as provided in subparagraph 1 of this Article <br /> VI(B) . <br /> Notwithstanding any such disagreement by Company, Company agrees <br /> to pay to City on or before December 31 of each year during the <br /> term hereof, at least the total of (a) the ad valorem taxes on the <br /> annexed portions, plus (b) the total amount of the "in lieu" <br /> payments which would be due hereunder on the basis of Company's <br /> written valuations statement submitted to City by Company <br /> hereunder, or the total assessment and "in lieu of taxes" thereon <br /> for the last preceding year, whichever is higher. <br /> 7 <br />