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immediate annexation proceedings as to all of Company's property <br />covered by this Agreement, notwithstanding any of the terms and <br />provisions of this Agreement. <br />Company agrees that if the Texas Local Government Code Section <br />Chapter 42.044 "Creation of Industrial District in <br />Extraterritorial Jurisdiction", or Texas Local Government Code <br />Chapter 43 "Municipal Annexation", is amended, or any new <br />legislation is thereafter enacted by the Legislature of the State <br />of Texas which imposes greater restrictions on the right of City <br />to annex land belonging to Company or imposes further obligations <br />on City in connection therewith after the annexation of such land, <br />Company will waive the right to require City to comply with any <br />such additional restrictions or obligations and the rights of the <br />parties shall be then determined in accordance with the provisions <br />of said laws as the same existed on January 1, 2019. <br />V. <br />This Agreement may be extended for an additional period or periods <br />by agreement between City and Company and/or its assigns even <br />though it is not extended by agreement between City and all of the <br />owners of all land within the District of which it is a part. <br />VI, <br />A. In the event Company elects to protest the valuation for tax <br />purposes set on its said properties by City or by the Harris <br />County Appraisal District for any year or years during the terms <br />hereof, nothing in this Agreement shall preclude such protest and <br />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 II <br />above (which shall be given in writing to Company), Company shall, <br />