Common use of CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT Clause in Contracts

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.5, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit 5), the “M&O Amount” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 26 contracts

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

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CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.57.1, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit EXHIBIT 5), the “M&O Amount” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 6 contracts

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.5, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit EXHIBIT 5), the “M&O Amount” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 4 contracts

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.5, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit EXHIBIT 5), the “M&O Amount,” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 3 contracts

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.56.7, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit 5), the “M&O Amount” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 2 contracts

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.56.4, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit 5), the “M&O Amount” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 2 contracts

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.56.3, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit 5), the “M&O Amount,” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 1 contract

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.5Sections 7.1, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit EXHIBIT 5), the “M&O Amount” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section Texas Education Code section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 1 contract

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

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CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.56.7, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit 5), the “M&O Amount,” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 1 contract

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.5, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit EXHIBIT 5), (the “M&O Amount”), shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 1 contract

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.56.6, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit EXHIBIT 5), the “M&O Amount” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 1 contract

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 6.56.4, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit EXHIBIT 5), the “M&O Amount,” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District (also known as the revenue protection payment as set out in TEXAS EDUCATION CODE Section 48.256(d)) means the Original M&O Revenue minus the New M&O Revenue; based on the following definitions:

Appears in 1 contract

Samples: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes

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