Common use of Apportionment of Capital Costs After Withdrawal Clause in Contracts

Apportionment of Capital Costs After Withdrawal. The withdrawing town’s annual share of any future installment of principal and interest on obligations outstanding on the effective date of its withdrawal shall be fixed at the percentage prevailing for such town at the last annual apportionment made next prior to the effective date of the withdrawal. The remainder of any such installment after subtracting the share of any towns which have withdrawn shall be apportioned to the remaining participating towns in the manner provided in subsection IV (D) and any amendments which may be made thereto. As Amended.

Appears in 2 contracts

Samples: Agreement Among the Towns of Huntington, Middlefield, Montgomery, Russell, Worthington, Chester and Blandford, Massachusetts With Respect to the Formation of a Regional School District, Agreement Among the Towns Regarding the Formation of a Regional School District

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Apportionment of Capital Costs After Withdrawal. The withdrawing town’s annual share of any future installment of principal and interest on obligations outstanding on the effective date of its withdrawal shall be fixed at the percentage prevailing for such town at the last annual apportionment made next prior to the effective date of the withdrawal. The remainder of any such installment after subtracting the share shares of any town or towns which have withdrawn shall be apportioned to the remaining participating member towns in the manner provided in subsection IV (DA) and any amendments which or as may be made thereto. As Amendedotherwise provided in the amendment providing for such withdrawal.

Appears in 2 contracts

Samples: Regional Agreement, Berkshire Hills Regional School District Agreement

Apportionment of Capital Costs After Withdrawal. The withdrawing town’s annual share of any future installment of principal and interest on obligations outstanding on the effective date of its withdrawal shall be fixed at the percentage prevailing for such town at the last annual apportionment made next prior to the effective date of the withdrawal. The remainder of any such installment after subtracting the share of any town or towns which have withdrawn shall be apportioned to the remaining participating member town or towns in the manner provided in subsection IV (D) and any amendments which or as may be made thereto. As Amendedotherwise provided in the amendment providing for such withdrawal.

Appears in 1 contract

Samples: Regional School District Agreement

Apportionment of Capital Costs After Withdrawal. The withdrawing town’s 's annual share of any future installment of the principal and interest on obligations outstanding on the effective date of its withdrawal shall be fixed at the percentage prevailing for such town at the last annual apportionment made next prior to the effective date of the withdrawal. The remainder of any such installment after subtracting the share of any towns which have withdrawn shall be apportioned to the remaining participating towns in the manner provided in subsection Subsection IV (D) and any amendments which may be made thereto. As Amended.

Appears in 1 contract

Samples: School District Legal Status

Apportionment of Capital Costs After Withdrawal. DRAFT The withdrawing town’s annual share of any future installment of principal and interest on obligations outstanding on the effective date of its withdrawal shall be fixed at the percentage prevailing for such town at the last annual apportionment made next prior to the effective date of the withdrawal. The remainder of any such installment after subtracting the share of any town or towns which have withdrawn shall be apportioned to the remaining participating member towns in the manner provided in subsection IV (DB) and any amendments which or as may be made thereto. As Amendedotherwise provided in the amendment providing for such withdrawal.

Appears in 1 contract

Samples: Formation Agreement

Apportionment of Capital Costs After Withdrawal. The withdrawing town’s annual share of any future installment of principal and interest on obligations outstanding on the effective date of its withdrawal shall be fixed at the percentage prevailing for such town at the last annual apportionment made next prior to the effective date of the withdrawal. The remainder of any such installment after subtracting the share shares of any town or towns which have withdrawn shall be apportioned to the remaining participating member towns in the manner provided in subsection IV (DB) and any amendments which or as may be made thereto. As Amendedotherwise provided in the amendment providing for such withdrawal.

Appears in 1 contract

Samples: K 12 Quabbin Regional School District Agreement

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Apportionment of Capital Costs After Withdrawal. The withdrawing town’s annual share of any future installment of principal and interest on obligations outstanding on the effective date of its withdrawal shall be fixed at the percentage prevailing for such town at the last annual apportionment made next prior to the effective date of the withdrawal. The remainder of any such installment after subtracting the share shares of any town or towns which have withdrawn shall be apportioned to the remaining participating member towns in the manner provided in subsection IV (D) and any amendments which VI-D or as may be made thereto. As Amendedotherwise provided in the amendment providing for such withdrawal.

Appears in 1 contract

Samples: Agreement for the Formation of a Regional School District

Apportionment of Capital Costs After Withdrawal. The withdrawing town’s annual share of any future installment of the principal and interest on in obligations outstanding on the effective date of its withdrawal shall be fixed at the percentage prevailing for such town at the last annual apportionment made next prior to the effective date of the withdrawal. The remainder of any such installment after subtracting the share of any town or towns in which have withdrawn shall be apportioned to the remaining participating member town or towns in the manner provided in subsection IV (D) and any amendments which or as may be made thereto. As Amendedotherwise provided in the amendment providing for such withdrawal.

Appears in 1 contract

Samples: Regional School District Agreement

Apportionment of Capital Costs After Withdrawal. The withdrawing town’s annual share of any future installment of principal and interest on obligations outstanding on the effective date of its withdrawal shall be fixed at the percentage prevailing for such town at the last annual apportionment made next prior to the effective date of the withdrawal. The remainder of any such installment after subtracting the share shares of any town or towns which have withdrawn shall be apportioned to the remaining participating member towns in the manner provided in subsection IV (D) and any amendments which may be made thereto. As AmendedSection V(D).

Appears in 1 contract

Samples: Regional Agreement

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