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 “Consultant”) approved each year by the District. The District agrees that for all Tax Years the Consultant selected by the District shall be Xxxxxxx Consulting, LLC. If the District desires to select a Consultant other than Xxxxxxx Consulting, LLC, 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 Consultant 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 the District for other revenue losses created by other agreements or any other factors. Applicant shall only be responsible for payment of fees and expenses under this Section 4.7 not to exceed $15,000 per year for the duration of this Agreement.

Appears in 2 contracts

Samples: Agreement for Limitation, Agreement for Limitation

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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 "Consultant”) approved each year by the District. The District agrees that for all Tax Years the Consultant selected by the District shall be Xxxxxxx Consulting, LLC. If the District desires to select a Consultant other than Xxxxxxx Consulting, LLC, 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 Consultant 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 the District for other revenue losses created by other agreements or any other factors. Applicant shall only be responsible for payment of fees and expenses under this Section 4.7 4.4 not to exceed $15,000 per year for any Tax Year during the duration of this AgreementTax Limitation Period, and $7,500 per year for any Tax Year outside the Tax Limitation Period.

Appears in 1 contract

Samples: Agreement for Limitation

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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 “Consultant”) approved each year by the District. The District agrees that for all Tax Years the Consultant selected by the District shall be Xxxxxxx ConsultingXxxx, LLCXxxxx & Associates. If the District desires to select a Consultant other than Xxxxxxx ConsultingXxxx, LLCXxxxx & 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 Consultant 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 the District for other revenue losses created by other agreements or any other factors. Applicant shall only be responsible for payment of fees and expenses under this Section 4.7 not to exceed $15,000 per year for the duration of this Agreement.

Appears in 1 contract

Samples: Agreement for Limitation

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