CALCULATION OF ANNUAL SUPPLEMENTAL PAYMENTS TO THE DISTRICT AND. Application Of Aggregate Limit. For each Tax Year of this Agreement beginning with the first complete or partial year of 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, and ending on December 31st of the third Tax Year following the end of the Tax Limitation Period, the District shall not be entitled to receive Supplemental Payments, computed under Sections 6.1 through 6.6, that exceed the Aggregate Limit. If, for any Tax Year during the term of this Agreement, the amount of the Applicant's Stipulated Supplemental Payment Amount, calculated under Sections 6.1 through 6.6 for such Tax Year exceeds the Aggregate Limit for such Tax Year, the difference between the Applicant's Stipulated Supplemental Payment Amount so calculated and the Aggregate Limit for such Tax Year shall be carried forward from year-to-year into subsequent Tax Years during the term of this Agreement, and to the extent not limited by the Aggregate Limit in any subsequent Tax Year during the term of this Agreement, shall be paid to the District. If there are changes in Chapter 313 of the Texas Tax Code that increase or decrease the limit on the amount of the Supplemental Payments that may be made to or on behalf of the District by the Applicant under this Article VI, any higher or lower amount of Supplemental Payments that first became due hereunder prior to the effective date of any such statutory change will not be adjusted. Any of the Applicant’s Stipulated Supplemental Payment Amounts which cannot be paid to the District after any payment due for the third Tax Year following the end of the Tax Limitation Period because such payment would exceed the Aggregate Limit, will be deemed to have been cancelled by operation of law and the Applicant shall have no further obligation with respect thereto.
CALCULATION OF ANNUAL SUPPLEMENTAL PAYMENTS TO THE DISTRICT AND. APPLICATION OF AGGREGATE LIMIT. For each Tax Year during the term of this Agreement beginning the Commencement Date and continuing thereafter through the third full Tax Year following the end of the Tax Limitation Period defined in Section 2.3(D)(ii) (Tax Year 2033), the District, or its successor beneficiary should one be designated under Section 6.5 below, shall not be entitled to receive Supplemental Payments, computed under Sections 6.2 and 6.3 above, that exceeds the Aggregate Limit.
CALCULATION OF ANNUAL SUPPLEMENTAL PAYMENTS TO THE DISTRICT AND. APPLICATION OF AGGREGATE LIMIT. Pursuant to Texas Tax Code Section 313.027(i), the parties agree that Supplemental Payments under this Article VI shall be owed for each year of the period beginning in the first year of the Qualifying Time Period and ending the third year after the date the Applicant’s eligibility for a limitation agreement expires.
CALCULATION OF ANNUAL SUPPLEMENTAL PAYMENTS TO THE DISTRICT AND. APPLICATION OF AGGREGATE LIMIT. If, for any Tax Year during the term of this Agreement the amount of the Applicant’s Supplemental Payment Amount, calculated under Section 6.2 above for such Tax Year, exceeds the Aggregate Limit for such Tax Year, the difference between the Applicant’s Supplemental Payment Amount so calculated and the Aggregate Limit for such Tax Year, shall be carried forward from year-to- year into subsequent Tax Years during the term of this Agreement, and to the extent not limited by the Aggregate Limit in any subsequent Tax Year during the term of this Agreement, shall be paid to the District. If there are changes in Chapter 313 of the Texas Tax Code that increase or decrease the limit on the amount of the Supplemental Payments that may be made to or on behalf of the District by the Applicant under this Article IV, any higher or lower amount of Supplemental Payments that first became due hereunder prior to the effective date of any such statutory change will not be adjusted.
CALCULATION OF ANNUAL SUPPLEMENTAL PAYMENTS TO THE DISTRICT AND. Application of Aggregate Limit. For each Tax Year during the term of this Agreement beginning with the Commencement Date and continuing thereafter through the third full Tax Year following the end of the Tax Limitation Period defined in Section 2.3(D)(ii) (Tax Year 2017), the District, or its successor beneficiary should one be designated under Section 6.7 below shall not be entitled to receive Supplemental Payments, computed under Sections 6.2 and 6.3 above, that exceed the Aggregate Limit. If, for any Tax Year during the term of this Agreement the amount of the Applicant’s Supplemental Payment Amount, calculated under section 6.2 above for such Tax Year, exceeds the Aggregate Limit for such Tax Year, the difference between the Applicant’s Supplemental Payment Amount so calculated and the Aggregate Limit for such Tax Year, shall be carried forward from year-to-year into subsequent Tax Years during the term of this Agreement, and to the extent not limited by the Aggregate Limit in any subsequent Tax Year during the term of this Agreement, shall be paid to the District. If there are changes in Chapter 313 of the Texas Tax Code that increase or decrease the limit on the amount of the Supplemental Payments that may be made to or on behalf of the District by the Applicant under this Article IV, any higher or lower amount of Supplemental Payments that first became due hereunder prior to the effective date of any such statutory change will not be adjusted.
CALCULATION OF ANNUAL SUPPLEMENTAL PAYMENTS TO THE DISTRICT AND. Application of Net Aggregate Limit For each year of this Agreement, beginning with the first Tax Year of the Tax Limitation Period (2025) and continuing thereafter through the third Tax Year after the end of the Tax Limitation Period (2037-), the District, or its successor beneficiary should one be designated under Section 6.7, below, shall not be entitled to receive Supplemental Payments, computed under Sections 6.3 and 6.4, above, that exceed the Net Aggregate Limit, defined in Section 1.2, above. If, for any year of this Agreement, the payment of the Applicant’s Stipulated Supplemental Payment amount, calculated under Sections 6.3 and 6.4, above, exceeds the Net Aggregate Limit for that year, the difference between the Stipulated Supplemental Payment amount and the Net Aggregate Limit, shall be carried forward from year-to-year into subsequent years of this Agreement, and to the extent not limited by the Net Aggregate Limit in any subsequent year of this Agreement, shall be paid to the District. Any Stipulated Supplemental Payment amount which cannot be made to the District prior to the end of the third Tax Year after the end of the Tax Limitation Period (2037), because such payment would exceed the Net Aggregate Limit, will be deemed to have been cancelled by operation of law.
