Calculated Amounts Due Sample Clauses

Calculated Amounts Due. The Parties agree that, as consideration for the School District’s agreement to approve the CRA Exemption, Owner (and its successors and assigns, each an Owner under the Development Agreement and obligated hereunder), the City, or both shall pay to the School District, commencing in the first year in which the tax exemption first applies under the CRA, an amount equal to [SELECT ONE: , if the Committed Payroll is less than one million dollars ($1,000,000.00), then from Owner, thirty percent (30%) of the amount of taxes that would have been payable if the Development Site had not been exempted from taxation. // OR // , if the Committed Payroll is equal to or exceeds one million dollars ($1,000,000.00), then (i) from the City, fifty percent (50%) of the City’s collected income tax revenue therefrom in excess of the first one million dollars ($1,000,000.00) and, if said City payment does not equal thirty percent (30%) of the amount of taxes that would have been payable if the Development Site had not been exempted from taxation, (ii) from Owner, an amount equal to the difference.] For absolute clarity regarding the immediately preceding sentence, the Parties acknowledge and agree that for each year during the term of the CRA Agreement, the School District is to receive at least thirty percent (30%) of the amount of taxes that would have been payable if the Development Site had not been exempted from taxation under the CRA.
Sample 1
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Calculated Amounts Due. The Parties agree that Sunsport shall pay to the School District, commencing in the first year in which the tax exemption first applies under the Enterprise Zone Agreement, an amount equal to One Hundred Percent (100.00%) of the amount of taxes that would have been payable if the Development Site had not been exempted from taxation.
Sample 1

Related to Calculated Amounts Due

  • Historical Transaction Amounts For each of the two years ended 31 December 2021 and 2022 and the six months ended 30 June 2023, the historical transaction amounts paid by Poly Developments and Holdings Group to the Group in respect of property management services under the 2021-2023 Property Management Services Framework Agreements were RMB197.9 million, RMB202.5 million and RMB80.3 million, respectively.

  • FIXED AMOUNTS The fixed amounts contained in Section I of this agreement are based on an estimate of the costs that will be incurred during the period to which the amounts apply. When the actual costs for this period are determined, any differences between the fixed costs used as an estimate and the actual costs will be considered in a subsequent agreement.

  • Reimbursement Amount Except for the metropolitan areas listed below, the maximum reimbursement for meals including tax and gratuity, shall be: Breakfast $ 9.00 Lunch $11.00 Dinner $16.00 For the following metropolitan areas the maximum reimbursement shall be: Breakfast $11.00 Lunch $13.00 Dinner $20.00 The metropolitan areas are: Atlanta Boston Cleveland Denver Hartford Kansas City Miami New York City Portland, OR San Francisco St. Louis Baltimore Chicago Dallas/Fort Worth Detroit Houston Los Angeles New Orleans Philadelphia San Diego Seattle Washington D.C. See Appendix L for details related to the boundaries of the above-mentioned metropolitan areas. The metropolitan areas also include any location outside the forty-eight (48) contiguous United States. Employees who meet the eligibility requirements for two (2) or more consecutive meals shall be reimbursed for the actual costs of the meals up to the combined maximum reimbursement amount for the eligible meals.

  • Historical Amounts The actual rentals for the years ended 31 December 2018, 2019 and 2020 and the six months ended 30 June 2021 are set out below: For the year ended 31 December For the six months ended 30 June 2018 2019 2020 2021 Rentals 8,063 (RMB’000) 5,514 6,289 3,107

  • Funding Amount “Funding Amount” means an amount not to exceed Five Hundred Thousand Dollars ($500,000.00) of tax increment finance revenues to be used for paying the costs associated with the construction, equipping, inspection, and delivery of the Local Public Improvements.

  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Allocation of Subordinate Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Payment Amounts The aggregate Payments to be made in any fiscal year shall not exceed an amount that is equal to the corresponding Appropriated Amount. (For example, for the Payments due on December 1, 2022 and on June 1, 2023, the aggregate maximum amount of such Payments would be determined by the Appropriated Amount determined for certification by December 1, 2021.) Furthermore, the amount of each such Payment shall not exceed the amount of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” (payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Dubuque County Treasurer attributable to the taxable incremental valuation of the Property in the six (6) months immediately preceding the extant Payment due date.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • Funding Adjustments Funding Adjustments may be made for the following reasons and in the following manner:

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