City Sales/Beverage Tax Grant Sample Clauses

City Sales/Beverage Tax Grant. For a Grant Period ofbeginning with the first calendar quarter following the first Lease Year, or Initial Occupancy, whichever occurs later, and continuing for forty years following Initial Occupancythe first Grant payment, the City shall provide the Company an economic development incentive grant in an amount of lawfully available funds equal to all City Sales Taxes and City Mixed Beverage Taxes. The City Sales/Beverage Tax Grant shall also include an amount equal to City Sales Taxes attributable to periods prior to Initial Occupancy, if any, such asfor City Sales Taxes paid with regard to construction of the Entertainment Center.
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City Sales/Beverage Tax Grant. The City shall make quarterly payments to the Company of the City Sales/Beverage Tax Grant. After the conclusion of each calendar quarter beginning with the calendar quarter that includes the Initial Occupancy date, the City shall make aEach City Sales/Beverage Tax Grant payment shall be equal to the Company equal in amount toof the City Sales Taxes and the City Mixed Beverage Taxes received by the City from the Comptroller for such calendar quarter, as identified in the Area Reports for such quarter. The City shall make such Grant payments within thirty (30) days after the laterlatest of (i) the City’s receipt of the Company’s Quarterly Report, (ii) the City’s receipt of Area Reports that identify amounts of City Sales Taxes and City Mixed Beverage Taxes for all months in a quarter and (iiiii) the City’s receipt from the Comptroller of the City Sales Taxes and the City Mixed Beverage Taxes for all periods in the quarter.
City Sales/Beverage Tax Grant. The City shall make quarterly payments to the Company of the City Sales/Beverage Tax Grant. Each City Sales/Beverage Tax Grant payment shall be equal to the amount of the City Sales Taxes and the City Mixed Beverage Taxes received by the City from the Comptroller for such calendar quarter, as identified in the Area Reports for such quarter. The City shall make such Grant payments within thirty (30) days after the latest of (i) the City’s receipt of the Company’s Quarterly Report, (ii) the City’s receipt of Area Reports that identify amounts of City Sales Taxes and City Mixed Beverage Taxes for all months in a quarter and (iii) the City’s receipt from the Comptroller of the City Sales Taxes and the City Mixed Beverage Taxes for all periods in the quarter.

Related to City Sales/Beverage Tax Grant

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