DISTRIBUTION PERCENTAGES Sample Clauses
DISTRIBUTION PERCENTAGES. City of Alpharetta 11.22% City of Chattahoochee Hills 0.55% City of College Park 2.53% City of East Point 5.82% City of Fairburn 2.80% City of Hapeville 1.09% City of ▇▇▇▇▇ Creek 14.11% City of ▇▇▇▇▇▇ 6.61% City of Mountain Park 0.09% City of Palmetto 0.81% City of Roswell 15.81% City of ▇▇▇▇▇ Springs 18.27% City of South ▇▇▇▇▇▇ 16.55% City of Union City 3.74% Total 100.00%
(A) To facilitate the distribution of net proceeds, the parties agree that the sum of Five Hundred Forty-five Million Nine Hundred Fifty-Four Thousand Seven Hundred Twenty and 00/100 Dollars ($545,954,720.00) shall represent an estimate of the maximum net proceeds to be derived from the subject TSPLOST during its five year term.
(B) The parties agree that the aggregate total distribution received by the Cities shall amount to one hundred percent (100%) of the net proceeds distributed by the State.
(C) The percentage of total net proceeds calculated for each City based on the above distribution shall be adjusted proportionally, if necessary, to ensure that the Cities on an aggregate basis receive the full o n e h u n d r e d (100%) of net proceeds distributed by the State, as agreed to by the parties.
(D) The parties agree that no project will be given preference in the funding and distribution process in such a way that the monthly distribution formula is affected.
(F) Should any jurisdiction choose not to be a party to this Agreement, said jurisdiction’s allocation of the net proceeds shall be 0%. If a City chooses not to be party to this agreement, the DISTRIBUTION PERCENTAGES provided under Paragraph #3 shall be adjusted to reflect new percentages based on that city’s population being removed from the calculation.
DISTRIBUTION PERCENTAGES. The Shareholders shall be distributed Profits pro rata in accordance with their percentage of share ownership, except that if UGE meets the financial goals set forth in Exhibit J, and such subsequent annual goals established by the Shareholders, then UGE shall be entitled to receive up to 49% of the Profits agreed to be distributed.
DISTRIBUTION PERCENTAGES. (a) The Surtax Proceeds, defined as the collected Surtax less the amounts retained by the Florida Department of Revenue for administrative expenses pursuant to section 212.055(2), Florida Statutes (2015), derived from the Surtax levied and imposed by the County shall be distributed by the Department of Revenue directly to the parties to this Agreement as follows: Palm Beach County 30.0% School Board of Palm Beach County, Florida 50.0% Municipalities within Palm Beach County 20.0% (to be divided proportionately among them based on population in the manner as set forth in Section 218.62(3), Florida Statutes; provided that the County's share received shall be as described herein and not pursuant to Section 218.62, Florida Statutes).
(b) Distribution of the Surtax Proceeds hereunder shall be made monthly by the Department of Revenue from the Discretionary Surtax Clearing Trust Fund directly to the County, the Municipalities, and the School Board as to their respective shares of Surtax Proceeds during the term of this Agreement commencing on or about January 2017 and each month thereafter during the term of this Agreement.
DISTRIBUTION PERCENTAGES. Upon the levy of surtax, 43.24% of the proceeds of the 1 percent (1%) sales surtax transmitted to the County by the Department of Revenue each month shall be distributed to the City of _Gainesville .
DISTRIBUTION PERCENTAGES. (a) The percentage interest of each member in the Net Profits distributed by the Company (the "Distribution Percentage") shall vary each Fiscal Year over the Model Term (as defined in subsection (b) below) as needed so that each of the Members receives, on a cumulative basis, fifty percent (50%) of the Net Present Value of the Net Cash Flow of the Project. Initially, the Distribution Percentage for each Member shall equal fifty percent (50%), and shall be adjusted as set forth in subsection (b) below.
(b) Not later than thirty (30) days following receipt of Regulatory Approval anywhere in the Territory, the Management Board shall develop a financial model (the "Initial Model") of anticipated results of operations of the Company from the Effective Date through December 31, 2013 (the "Model Term"). The Initial Model shall show each Member's Distribution Percentage to be fifty percent (50%). Within ninety (90) days after the end of each Fiscal Year following the year in which the first commercial sale of the Product in the Territory occurs, the Management Board shall prepare a revised model (the "Revised Model") to take into account actual results to date and the then expected future results for the balance of the Model Term. Based on such Revised Model, the Distribution Percentages for the Members for the then current Fiscal Year shall be adjusted if and to the extent necessary so that each Member receives fifty percent (50%) of the Net Present Value of Net Cash Flow of the Project according to the Revised Model. The Initial Model and the Revised Models shall be prepared in accordance with the procedures set forth in Exhibit A attached hereto.
(c) At the end of the Model Term, the actual Net Present Value of Net Cash Flow of the Project received by each of the members over the Model Term shall be calculated by the Management Board and to the extent that any Member has received more than fifty percent (50%) of the Net Present Value of Net Cash Flow of the Project, such Member shall promptly pay to the other member the amount of such excess.
(d) After the end of the Model Term, the Distribution Percentage for each Member shall be fifty percent (50%).