Common use of ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT Clause in Contracts

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year of this Agreement, beginning with the third full year (Tax Year 2016), the Stipulated Supplemental Payment amount, described in Section 4.2, will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article III; The number 0.4; Any amounts previously paid to the District under Sections 4.2 and 4.3 with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, above, shall adjust the Stipulated Supplemental Payment amount calculation to reflect any changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement, beginning with the third full year Tax Year following the Commencement Date (Tax Year 2016), the Applicant’s Stipulated Supplemental Payment amountAmount, described as defined in Section 4.2, will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article III; The number 0.4; Any amounts previously paid to the District under Sections 4.2 and 4.3 with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, above, shall adjust the Applicant’s Stipulated Supplemental Payment amount Amount calculation to reflect any such changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement, beginning with the third full first year of the Qualifying Time Period (Tax Year 20162017), the Applicant’s Stipulated Supplemental Payment amountAmount, described as defined in Section 4.26.3, will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, including the District’s maintenance and operations tax rate adopted for such Tax Year, in accordance with the following formula: The Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article IIIIII with respect to such Tax Year; The number 0.4; Any aggregate amount of the excesses of any amounts previously paid to the District under Sections 4.2 and 4.3 Article III with respect to each previous Tax Year over the tax savings to the Applicant for such previous Tax Year. In Year before any reduction for such amounts previously paid, but only to the event extent of the portion of such aggregate amount that there are changes was not previously taken into account as a reduction in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, above, shall adjust the Stipulated Supplemental Payment amount calculation to reflect any changes in the data.under this Section

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year of this Agreement, beginning with the third full year (Tax Year 2016)2015, the first year of the qualifying time period specified in Section 2.3(c)(1) of this Agreement, the Stipulated Supplemental Payment amount, described in Section 4.26.2, above will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article IIIIV for such Tax Year; The number 0.40.45; Any amounts previously paid to the District under Sections 4.2 6.2 and 4.3 6.3, above, with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in selected pursuant to Section 3.44.4, above, shall adjust the Stipulated Supplemental Payment amount calculation to reflect any changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement, Agreement beginning with the third full year (Tax Year 2016)2018, which is the Tax Year that includes the date on which the Qualifying Time Period commences under this Agreement as provided in Section 2.3.C.i,, the Applicant’s Stipulated Supplemental Payment amountAmount, described as defined in Section 4.21.2, will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the applicable school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by amounts previously paid to the Applicant with respect to District under Articles IV and V for such Tax Year; The number 0.40; Any amounts previously paid to the District under this Article III; The number 0.4; Any amounts previously paid to the District under Sections 4.2 and 4.3 VI with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in selected pursuant to Section 3.4, above, 4.3 above shall adjust the Applicant’s Stipulated Supplemental Payment amount Amount calculation to reflect any such changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement, Agreement beginning with the third full year (Tax Year 2016)January 1, 2027, the Applicant's Stipulated Supplemental Payment amountAmount, described as defined in Section 4.26.3, will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s 's Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s 's Qualified Property used for the District’s 's interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s 's Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s 's Qualified Property used for the District’s 's maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s 's maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article IIIIV; The number 0.4; .35 Any amounts previously paid to the District under Sections 4.2 and 4.3 6.2 and/or 6.3 with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, above, 4.4 above shall adjust the Applicant's Stipulated Supplemental Payment amount Amount calculation to reflect any such changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement, beginning with the third full year (Tax Year 2016), the Stipulated Supplemental Payment amount, Amount described in Section 4.2, 4.2 will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s 's Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s 's Qualified Property used for the District’s 's interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s 's Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s 's Qualified Property used for the District’s 's maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); Second Amended Agreement for Limitation on Appraised Value Between Goose Creek Consolidated Independent School District and Borusan Mannesmann Pipe U.S .• Inc. The District’s 's maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article III; The number 0.4; Any amounts previously paid to the District under Sections 4.2 and 4.3 with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, above, shall adjust the Applicant's Stipulated Supplemental Payment amount Amount calculation to reflect any such changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year of this Agreement, beginning with the third full year (Tax Year 2016), the Stipulated Supplemental Payment amount, described in Section 4.2, 4.2 will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article IIIIII for such Tax Year; The number 0.4; Any amounts previously paid to the District under Sections 4.2 and 4.3 with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, above, shall adjust the Stipulated Supplemental Payment amount calculation to reflect any changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement, beginning with the third full year Tax Year following the Commencement Date (Tax Year 20162017), the Stipulated Supplemental Payment amountAmount, described as defined in Section 4.2, will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, Texas for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article III; The number 0.4; Any amounts previously paid to the District under Sections 4.2 and 4.3 with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, 3.4 above, shall adjust the Stipulated Supplemental Payment amount Amount calculation to reflect any such changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year of this Agreement, beginning with the third full year (Tax Year 2016)2015, the first year of the qualifying time period specified in Section 2.3(c)(1) of this Agreement, the Stipulated Supplemental Payment amount, described in Section 4.26.2, above will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article IIIIV for such Tax Year; The number 0.4; Any amounts previously paid to the District under Sections 4.2 6.2 and 4.3 6.3, above, with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in selected pursuant to Section 3.44.4, above, shall adjust the Stipulated Supplemental Payment amount calculation to reflect any changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year of this Agreement, beginning with the third full year (Tax Year 20162015), the Stipulated Supplemental Payment amount, described in Section 4.2, will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article III; The number 0.4; Any amounts previously paid to the District under Sections 4.2 and 4.3 with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, above, shall adjust the Stipulated Supplemental Payment amount calculation to reflect any changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year of this Agreement, beginning with the third full year (Tax Year 20162017), the Stipulated Supplemental Payment amount, described in Section 4.2, 4.2 will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s ’ s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article III; The number 0.4; Any amounts previously paid to the District under Sections 4.2 and 4.3 with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, above, shall adjust the Stipulated Supplemental Payment amount calculation to reflect any changes in the data.;

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement, Agreement beginning with the third full year (Tax Year 2016)January 1, 2024, the Applicant's Stipulated Supplemental Payment amountAmount, described as defined in Section 4.26.3, will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s 's Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s 's Qualified Property used for the District’s 's interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s 's Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s 's Qualified Property used for the District’s 's maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s 's maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article IIIIV; The number 0.4; .35 Any amounts previously paid to the District under Sections 4.2 and 4.3 6.2 and/or 6.3 with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, above, 4.4 above shall adjust the Applicant's Stipulated Supplemental Payment amount Amount calculation to reflect any such changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement, Agreement beginning with the third full year (Tax Year 2016)2018, which is the Tax Year that includes the date on which the Qualifying Time Period commences under this Agreement as provided in Section 2.3.C.i,, the Applicant’s Stipulated Supplemental Payment amountAmount, described as defined in Section 4.21.2, will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the applicable school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by amounts previously paid to the Applicant with respect to such Tax YearDistrict under Articles IV and V; The number 0.40; Any amounts previously paid to the District under this Article III; The number 0.4; Any amounts previously paid to the District under Sections 4.2 and 4.3 VI with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in Section 3.4, above, 4.3 above shall adjust the Applicant’s Stipulated Supplemental Payment amount Amount calculation to reflect any such changes in the data.

ANNUAL CALCULATION OF STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year of this Agreement, beginning with the third full year (Tax Year 2016)2014, the first year of the qualifying time period specified in Section 2.3 of this Agreement, the Stipulated Supplemental Payment amount, described in Section 4.2, 6.2 will annually be calculated based upon the then most current estimate of tax savings to the Applicant, which will be made, based upon assumptions of student counts, tax collections, and other applicable data, in accordance with the following formula: Taxable Value of the Applicant’s Qualified Property for such Tax Year had this Agreement not been entered into by the Parties (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s interest and sinking fund tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The Taxable Value of the Applicant’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant’s Qualified Property used for the District’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); The District’s maintenance and operations tax rate for such Tax Year, or the school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Any Tax Credit received by the Applicant with respect to such Tax Year; Any amounts previously paid to the District under Article IIIIII for such Tax Year; The number 0.4; Any amounts previously paid to the District under Sections 4.2 6.2 and 4.3 6.3 with respect to such Tax Year. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party described in selected pursuant to Section 3.44.4, above, shall adjust the Stipulated Supplemental Payment amount calculation to reflect any changes in the data.