Additional Annual Contribution Clause Samples

Additional Annual Contribution. During the period of the Landfill Operation, and beginning on the fifteenth (15th) day after Operation of Landfill begins and continuing annually on the anniversary date of the first day of Operation, Green Ridge shall make a payment to the County in the initial amount of TWENTY-FIVE THOUSAND AND 00/100 DOLLARS ($25,000.00) to be used for environmental and science public education, or for any specific expenditure agreed upon in writing between the County and Green Ridge. The annual amount due under this paragraph 2.3 shall be increased annually on each anniversary date, at a minimum of one percent (1%) but no more than three percent (3%) each year, based upon year-over-year changes in the Consumer Price Index for all Urban Consumers (CPI-U) published by the Bureau of Labor.