Common use of COMPENSATION FOR LOSS OF OTHER REVENUES Clause in Contracts

COMPENSATION FOR LOSS OF OTHER REVENUES. In addition to the amounts determined pursuant to Section 3.2 above, and to the extent provided in Section 6.3, the Applicant, on an annual basis, shall also indemnify and reimburse the District for the following: (a) all non-reimbursed costs incurred by the District in paying or otherwise crediting to the account of Applicant any applicable tax credit to which Applicant may be entitled pursuant to Chapter 313, Subchapter D of the Texas Tax Code, and for which the District does not receive reimbursement from the State pursuant to Texas Educ. Code § 42.2515, or other similar or successor statute. (b) all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment attributable to the project. The Applicant may contest the amounts certified by the District’s external auditor under the provisions of Section 3.8. (c) any other loss of District revenues which are, or may be, attributable to the payment by Applicant to or on behalf any other third party beneficiary.

COMPENSATION FOR LOSS OF OTHER REVENUES. In addition to the amounts determined pursuant to Section 3.2 above, and to the extent provided in Section 6.3, the Applicant, on an annual basis, shall also indemnify and reimburse the District for the following: (a) all All non-reimbursed costs incurred by the District in paying or otherwise crediting to the account of the Applicant any applicable tax credit Tax Credit to which the Applicant may be entitled pursuant to Chapter 313, Subchapter D of the Texas Tax Code, and for which the District does not receive reimbursement from the State pursuant to Texas Educ. Education Code § 42.2515, or other similar or successor statute. (b) all All non-reimbursed costs, costs certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses related to the project Applicant’s Qualified Investment that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment attributable to the projectApplicant’s Qualified Investment. The Applicant may contest the amounts any such costs certified by the District’s external auditor under the provisions of Section 3.8. (c) any Any other loss of District the District’s revenues which aredirectly results from, or may beis reasonably attributable to, attributable to any payment made by the payment by Applicant to or on behalf of any other third party beneficiarybeneficiary of this Agreement.

COMPENSATION FOR LOSS OF OTHER REVENUES. In addition to the amounts determined pursuant to Section 3.2 above, and to the extent provided in Section 6.3, the Applicant, on an annual basis, shall also indemnify and reimburse the District for the following: (a) all All non-reimbursed costs incurred by the District in paying or otherwise crediting to the account of Applicant the Applicant, any applicable tax credit to which the Applicant may be entitled pursuant to Chapter 313, Subchapter D of the Texas Tax Code, and for which the District does not receive reimbursement from the State pursuant to Texas Educ. Education Code § 42.2515, or other similar or successor statute. (b) all All non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment attributable to the project. (c) All non-reimbursed increases in District costs paid to the Appraisal District caused by increased appraised values arising solely from the project described in the Application. The Applicant may contest the amounts any such cost certified by the District’s external auditor under the provisions of Section 3.8. (c) any other loss of District revenues which are, or may be, attributable to the payment by Applicant to or on behalf any other third party beneficiary.

COMPENSATION FOR LOSS OF OTHER REVENUES. In addition to the amounts determined pursuant to Section 3.2 above, and to the extent provided in Section 6.3, the Applicant, on an annual basis, shall also indemnify and reimburse the District for the following: (a) all All non-reimbursed costs incurred by the District in paying or otherwise crediting to the account of the Applicant any applicable tax credit Tax Credit to which the Applicant may be entitled pursuant to Chapter 313, Subchapter D of the Texas Tax Code, and for which the District does not receive reimbursement from the State pursuant to Texas Educ. Education Code § 42.2515, or other similar or successor statute. (b) all All non-reimbursed costs, costs certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses related to the project Applicant’s Qualified Investment that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment attributable to the projectApplicant’s Qualified Investment. The Applicant may contest the amounts any such costs certified by the District’s external auditor under the provisions of Section 3.8. (c) any Any other loss of District the District’s revenues which are, that directly results from or may be, is reasonably attributable to the any payment made by Applicant to or on behalf of any other third party beneficiarybeneficiary to this Agreement.

COMPENSATION FOR LOSS OF OTHER REVENUES. In addition to the amounts determined pursuant to Section 3.2 above, and to the extent provided in Section 6.3, the Applicant, on an annual basis, shall also indemnify and reimburse the District for the following: (a) all non-reimbursed costs incurred by the District in paying or otherwise crediting to the account of Applicant the Applicant, any applicable tax credit to which the Applicant may be entitled pursuant to Chapter 313, Subchapter D of the Texas Tax Code, and for which the District does not receive reimbursement from the State pursuant to Texas Educ. Education Code § 42.2515, or other similar or successor statute. (b) all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses directly related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment attributable to the project. The Applicant may contest the amounts certified by the District’s external auditor under the provisions of Section 3.8. (c) any other loss of District revenues which are, or may be, be attributable to the payment by the Applicant to or on behalf of any other third party beneficiary.

COMPENSATION FOR LOSS OF OTHER REVENUES. In addition to the amounts determined pursuant to Section 3.2 above, and to the extent provided in Section 6.3, the Applicant, on an annual basis, shall also indemnify and reimburse the District for the following: (a) all non-reimbursed costs incurred by the District in paying or otherwise crediting to the account of Applicant the Applicant, any applicable tax credit Tax Credit to which the Applicant may be entitled pursuant to Chapter 313, Subchapter D of the Texas Tax Code, and for which the District does not receive reimbursement from the State pursuant to Texas Educ. Education Code § §42.2515, or other similar or successor statute. (b) all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses related to the project Applicant’s Qualified Investment that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment attributable to the project. The Applicant may contest the amounts certified by the DistrictApplicant’s external auditor under the provisions of Section 3.8Qualified Investment. (c) any other loss of District the District’s revenues which aredirectly result from, or may be, are reasonably attributable to any payment made by the payment by Applicant to or on behalf of any other third party beneficiarybeneficiary of this Agreement.

COMPENSATION FOR LOSS OF OTHER REVENUES. In addition to the amounts determined pursuant to Section 3.2 above, and to the extent provided in Section 6.3, the Applicant, on an annual basis, shall also indemnify and reimburse the District for the following: (a) all non-reimbursed costs incurred by the District in paying or otherwise crediting to the account of Applicant any applicable tax credit to which Applicant may be entitled pursuant to Chapter 313, Subchapter D of the Texas Tax Code, and for which the District does not receive reimbursement from the State pursuant to Texas Educ. Code § 42.2515, or other similar or successor statute. (b) all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment attributable to the project. The Applicant may contest the amounts certified by the District’s external auditor under the provisions of Section 3.8. (c) any other loss of District revenues which are, or may be, attributable to the payment by Applicant to or on behalf any other third party beneficiary.payment