Common use of CALCULATION OF ANNUAL SUPPLEMENTAL PAYMENTS TO THE DISTRICT AND Clause in Contracts

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. A. 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, which, by virtue of the application of the payment limitation set forth in Section 7.1 below, are not payable to the District for such Tax Year, such sums shall be carried forward from year-to-year into subsequent Tax Years during the term of this Agreement, but shall be subject, in each subsequent Tax Year, to the Payment limit set forth in Section 7.1. Any of the Supplemental Payments which are not paid to the District after the third Tax Year following the end of the Tax Limitation Period because such payment would exceed the payment limitation under this Section will be deemed to have been cancelled by operation of law, and the Applicant shall have no further obligation with respect thereto. B. Pursuant to Texas Tax Code Section 313.027(i), the parties agree that Supplemental Payments under this Section 6 shall be owed for each year of the period beginning in the first year of the Qualifying Time Period (2019 Tax Year) and ending the third year after the date the Applicant’s eligibility for a limitation agreement expires (2033 Tax Year). For illustrative purposes, the Supplemental Payment schedule is: 2019 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2020 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2021 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2022 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2023 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2024 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2025 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2026 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2027 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2028 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2029 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2030 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2031 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2032 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2033 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year

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. A. 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, which, by virtue of the application of the payment limitation set forth in Section 7.1 below, are not payable to the District for such Tax Year, such sums shall be carried forward from year-to-year into subsequent Tax Years during the term of this Agreement, but shall be subject, in each subsequent Tax Year, to the Payment limit set forth in Section 7.1. Any of the Supplemental Payments which are not paid to the District after the third Tax Year following the end of the Tax Limitation Period because such payment would exceed the payment limitation under this Section will be deemed to have been cancelled by operation of law, and the Applicant shall have no further obligation with respect thereto.by B. Pursuant to Texas Tax Code Section 313.027(i), the parties agree that Supplemental Payments under this Section 6 shall be owed for each year of the period beginning in the first year of the Qualifying Time Period (2019 Tax Year) and ending with the third final year after of the date the Applicant’s eligibility for a limitation agreement expires period (2033 2029 Tax Year); provided, however, that the Applicant may, in its sole discretion, elect to defer payment of the Supplemental Payments that are due and owing during the first year of the Qualifying Time Period. Amounts so deferred shall be carried forward from year-to-year into subsequent Tax Years during the term of this Agreement until paid. For illustrative purposes, the Supplemental Payment schedule is: 2019 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year (may be deferred) 2020 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2021 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2022 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2023 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2024 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2025 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2026 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2027 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2028 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2029 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2030 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2031 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2032 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2033 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year

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. A. If, for any Tax Year during the term of Qualifying Time Period and Limitation Period under this Agreement the amount of the Applicant’s Supplemental Payment Amount, calculated under Section 6.2 above for such Tax Year, which, by virtue of the application of the payment limitation set forth in Section 7.1 below, are not payable to the District for such Tax Year, such sums shall be carried forward from year-to-year into subsequent Tax Years during the term of this Agreement, but shall be subject, in each subsequent Tax Year, to the Payment limit set forth in Section 7.1. Any The limitation set forth in Section 7.1 ends with the final year of the Supplemental Payments which are not paid to the District after the third Tax Year following the end of the Tax Limitation Period because such payment would exceed the payment limitation under this Section will be deemed to have been cancelled by operation of law, and the Applicant shall have no further obligation with respect theretoPeriod. B. Pursuant to Texas Tax Code TEXAS TAX CODE Section 313.027(i), the parties agree that Supplemental Payments under this Section 6 shall be owed for each year of the period beginning in the first year of the Qualifying Time Period (2019 Tax Year) and ending the third year after on the date the Applicant’s eligibility for a limitation agreement expires (2033 2030 Tax Year). For illustrative purposes, the Supplemental Payment schedule is: 2019 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2020 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2021 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2022 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2023 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2024 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2025 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2026 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2027 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2028 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2029 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2030 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2031 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2032 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2033 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year

CALCULATION OF ANNUAL SUPPLEMENTAL PAYMENTS TO THE DISTRICT AND. APPLICATION OF AGGREGATE LIMITApplication 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. A. 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, which, by virtue of the application of the payment limitation set forth in Section 7.1 below, are not payable to the District for such Tax Year, such sums shall be carried forward from year-to-year into subsequent Tax Years during the term of this Agreement, but shall be subject, in each subsequent Tax Year, to the Payment limit set forth in Section 7.1. Any of the Supplemental Payments which are not paid to the District after the third Tax Year following the end of the Tax Limitation Period because such payment would exceed the payment limitation under this Section will be deemed to have been cancelled by operation of law, and the Applicant shall have no further obligation with respect thereto. B. Pursuant to Texas Tax Code Section TEXAS TAX CODE § 313.027(i), the parties agree that Supplemental Payments under this Section 6 shall be owed for each year of the period beginning in the first year of the Qualifying Time Period (2019 Tax Year) and ending the third year after the date the Applicant’s eligibility for a limitation agreement expires (2033 Tax Year). For illustrative purposes, the Supplemental Payment schedule is: 2019 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2020 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2021 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2022 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2023 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2024 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2025 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2026 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2027 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2028 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2029 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2030 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2031 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2032 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year 2033 Greater of $50,000 or $100 multiplied by the District’s ADA for the previous school year

CALCULATION OF ANNUAL SUPPLEMENTAL PAYMENTS TO THE DISTRICT AND. APPLICATION OF AGGREGATE LIMIT. For each Except as expressly provided at Section 6.2.E above, for any other 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)Agreement, 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. A. If, for any Tax Year during the term of this Agreement if the amount of the Applicant’s Supplemental Payment AmountPayment, calculated under Section 6.2 above for such Tax Year, which, by virtue of exceeds the application of the payment limitation set forth in Section 7.1 below, are not payable to the District Aggregate Limit for such Tax Year, the difference between the Applicant’s Supplemental Payment so calculated and the Aggregate Limit for such sums Tax Year, shall be carried forward from year-to-year into subsequent Tax Years during the term of this Agreement, but and to the extent not limited by the Aggregate Limit in any subsequent Tax Year during the term of this Agreement, shall be subject, in each subsequent Tax Year, paid to the Payment District. If there are changes in Chapter 313 of the Texas Tax Code that increase or decrease the limit set forth in Section 7.1. Any on the amount of the Supplemental Payments which are not paid 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 District after the third Tax Year following the end effective date of the Tax Limitation Period because any such payment would exceed the payment limitation under this Section statutory change will not be deemed to have been cancelled by operation of law, and the Applicant shall have no further obligation with respect thereto. B. Pursuant to Texas Tax Code Section 313.027(i), the parties agree that Supplemental Payments under this Section 6 shall be owed for each year of the period beginning in the first year of the Qualifying Time Period (2019 Tax Year) and ending the third year after the date the Applicant’s eligibility for a limitation agreement expires (2033 Tax Year)adjusted. For illustrative purposes, the Supplemental Payment schedule is: 2019 Greater 2022 The lesser of $50,000 1,250,000 or $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2020 Greater year. Not subject to Aggregate Limit under Section 6.3 $250,000 due and payable Optional carry-forward balance of up to $1,000,000, as elected by Applicant 2023 The lesser of $50,000 1,250,000 or $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2021 Greater year. Not subject to Aggregate Limit under Section 6.3 $250,000 due and payable Optional carry-forward balance of up to $1,000,000, as elected by Applicant 2024 The lesser of $50,000 1,250,000 or $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2022 Greater year. Not subject to Aggregate Limit under Section 6.3 $250,000 due and payable Optional carry-forward balance of up to $50,000 or 1,000,000, as elected by Applicant 2025 $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2023 Greater of $50,000 or year. Subject to Aggregate Limit under Section 6.3 2026 $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2024 Greater of $50,000 or year. Subject to Aggregate Limit under Section 6.3 2027 $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2025 Greater of $50,000 or year. Subject to Aggregate Limit under Section 6.3 2028 $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2026 Greater of $50,000 or year. Subject to Aggregate Limit under Section 6.3 2029 $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2027 Greater of $50,000 or year. Subject to Aggregate Limit under Section 6.3 All remaining carry-forward balance from Tax Years 2022, 2023 and 2024 are due and payable 2030 $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2028 Greater of $50,000 or year. Subject to Aggregate Limit under Section 6.3 2031 $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2029 Greater of $50,000 or year. Subject to Aggregate Limit under Section 6.3 2032 $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2030 Greater of $50,000 or year. Subject to Aggregate Limit under Section 6.3 2033 $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2031 Greater of $50,000 or year. Subject to Aggregate Limit under Section 6.3 2034 $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year 2032 Greater of $50,000 or year. Subject to Aggregate Limit under Section 6.3 2035 $100 multiplied by the District’s ADA for the previous school year 2033 Greater of $50,000 or $100 multiplied by the District’s ADA Average Daily Attendance for the previous school year. Not subject to Aggregate Limit under Section 6.3 2036 Any unpaid carry-forward amounts due under Subsection 6.3. 2037 Any unpaid carry-forward amounts due under Subsection 6.3.