Common use of CALCULATIONS TO BE MADE BY THIRD PARTY Clause in Contracts

CALCULATIONS TO BE MADE BY THIRD PARTY. All calculations under this Agreement shall be made annually by an independent third party (the “Third Party”) approved each year by the District. The District agrees that for all Tax Years the Third Party selected by the District shall be either RM School Finance Consulting or Xxxx Xxxxx & Associates. If the District desires to select a Third Party other than RM School Finance Consulting or Xxxx Xxxxx & Associates, such selection must receive the Applicant’s consent, which consent shall not be unreasonably withheld, delayed, or conditioned. To the extent not inconsistent with a statutory change to Applicable School Finance Law, all calculations made by the Third Party under this Agreement shall be made using a methodology which isolates only the revenue impact caused by this Agreement. Applicant shall not be responsible to reimburse District for other revenue losses created by other agreements or any other factors.‌

Appears in 3 contracts

Samples: assets.comptroller.texas.gov, assets.comptroller.texas.gov, assets.comptroller.texas.gov

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CALCULATIONS TO BE MADE BY THIRD PARTY. All calculations under this Agreement shall be made annually by an independent third party (the “Third Party”) approved each year by the District. The District agrees that for all Tax Years the Third Party selected by the District shall be either RM School Finance Consulting or Xxxx Xxxxx & Associates. If the District desires to select a Third Party other than RM School Finance Consulting or Xxxx Xxxxx & Associates, such selection must receive the Applicant’s consent, which consent shall not be unreasonably withheld, delayed, or conditioned. To the extent not inconsistent with a statutory change to Applicable School Finance Law, all calculations made by the Third Party under this Agreement shall be made using a methodology which isolates only the revenue impact caused by this Agreement. Applicant shall not be responsible to reimburse District for other revenue losses created by other agreements or any other factors.‌factors.

Appears in 2 contracts

Samples: assets.comptroller.texas.gov, assets.comptroller.texas.gov

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