Estimated M&T Sample Clauses

Estimated M&T. As required by Virginia Code and Sussex County ordinance, Applicant will make annual payments of its Machinery and Tool Tax obligation (“M&T Taxes”) applicable to the XXXX. Estimates of the annual M&T Taxes attributable to the XXXX (which will fluctuate in any given year, depending on the XXXX’x machinery and tools) are described in the Exhibit B Schedule below. The Parties agree that any tax machinery and tools tax rate reduction or any reduction in real property tax rates as such rate relates to the effective machinery & tools tax rate on Company’s equipment under state law, whether such tax rate reduction is, due to a change in state law, the adoption of a lower tax rate by the County Board of Supervisors, or otherwise, shall result in a corresponding increase in the amount of Payments due under this Agreement to be paid by the Company, its successors or assigns in any year such reduction(s) occur. (Exhibit B continues on following page(s) EXHIBIT B (CONTINUED) This schedule assumes certain dates for the Payments outlined herein. All Payments will be made as the various thresholds are met pursuant to the terms above, and the dates included in this schedule are for illustrative purposes only. (Schedule) Payment Siting Agreemnt - 600MW Solar Siting Agreement - 400MW Battery Storage CUP Approval 900,000.0 100,000.0 CPCN Approval 1,500,000.0 400,000.0 Site Plan Approval 5,000,000.0 1,000,000.0 1,000,000.0 Commercial Operation 5,600,000.0 1,500,000.0 Lifetime Annual - Year 1 500,000.0 - Lifetime Annual - Year 2 500,000.0 - Lifetime Annual - Year 3 500,000.0 - Lifetime Annual - Year 4 500,000.0 - Lifetime Annual - Year 5 500,000.0 - Lifetime Annual - Year 6 500,000.0 - Lifetime Annual - Year 7 500,000.0 - Lifetime Annual - Year 8 500,000.0 - Lifetime Annual - Year 9 1,000,000.0 - Lifetime Annual - Year 10 1,020,000.0 - Lifetime Annual - Year 11 1,040,400.0 - Lifetime Annual - Year 12 1,061,208.0 - Lifetime Annual - Year 13 1,082,432.2 - Lifetime Annual - Year 14 1,104,080.8 - Lifetime Annual - Year 15 1,126,162.4 - Lifetime Annual - Year 16 1,148,685.7 - Lifetime Annual - Year 17 1,171,659.4 - Lifetime Annual - Year 18 1,195,092.6 - Lifetime Annual - Year 19 1,218,994.4 - Lifetime Annual - Year 20 1,243,374.3 - Lifetime Annual - Year 21 1,268,241.8 - Lifetime Annual - Year 22 1,293,606.6 - Lifetime Annual - Year 23 1,319,478.8 - Lifetime Annual - Year 24 1,345,868.3 - Lifetime Annual - Year 25 1,372,785.7 - Lifetime Annual - Year 26 1,400,241.4 - Lifetime Ann...
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Related to Estimated M&T

  • Closing The closing of the sale of the Mortgage Loans (the “Closing”) shall be held at the offices of special counsel to the Purchaser at 10:00 a.m., New York City time, on the Closing Date. The Closing shall be subject to each of the following conditions:

  • Taxes The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.

  • Completion Time The Consultant must complete the services and deliverables for this task in accordance with whichever one of the following time is marked: On or before the following date: June 30, 2022. On or before Business Days from . Attachment B: Terms and Conditions

  • UTILITIES The Landlord shall provide the following utilities and services to the Tenant: _ _. Any other utilities or services not mentioned will be the responsibility of the Tenant.

  • Audit Notwithstanding any other audit requirement, H-GAC reserves the right to conduct or cause to be conducted an independent audit of any transaction under this Agreement, such audit may be performed by the H-GAC local government audit staff, a certified public accountant firm, or other auditors designated by H-GAC and will be conducted in accordance with applicable professional standards and practices. The Contractor understands and agrees that the Contractor shall be liable to the H-GAC for any findings that result in monetary obligations to H-GAC.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Payment Subject to the provisions of the Warrant and this Agreement, a Warrant may be exercised by the Registered Holder thereof by delivering to the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate evidencing the Warrants to be exercised, or, in the case of a Warrant represented by a book-entry, the Warrants to be exercised (the “Book-Entry Warrants”) on the records of the Depositary to an account of the Warrant Agent at the Depositary designated for such purposes in writing by the Warrant Agent to the Depositary from time to time, (ii) an election to purchase (“Election to Purchase”) any Ordinary Shares pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse of the Definitive Warrant Certificate or, in the case of a Book-Entry Warrant, properly delivered by the Participant in accordance with the Depositary’s procedures, and (iii) the payment in full of the Warrant Price for each Ordinary Share as to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the Ordinary Shares and the issuance of such Ordinary Shares, as follows:

  • PARKING Throughout the Lease Term, Tenant shall have the exclusive right to use, free of charges, the number of parking spaces set forth in Section 12 of the Summary, which parking spaces constitute the entirety of the parking under the Building and the adjacent surface parking, being all of the parking in the Project. Tenant shall comply with the Parking Rules and Regulations which are in effect on the date hereof, as set forth in the attached Exhibit D and all reasonable modifications and additions thereto which are prescribed from time to time for the orderly operation and use of the Parking Areas by Landlord, and/or Landlord’s Parking Operator (as defined below); provided that such modifications or alterations do not effect Tenant’s use of or access to the Parking Areas. Landlord specifically reserve the right to change the size, configuration, design, layout, of the Parking Areas, and Tenant acknowledges and agrees that Landlord may, without incurring any liability to Tenant and without any abatement of Rent under this Lease, from time to time, temporarily close-off or restrict access to the Parking Areas, so long as Tenant retains access to the number of parking spaces set forth in Section 12 of the Summary. Landlord may delegate its responsibilities hereunder to a parking operator (the “Parking Operator”) in which case the Parking Operator shall have all the rights of control attributed hereby to Landlord. Any parking tax or other charges imposed by governmental authorities in connection with the use of such parking shall be paid directly by Tenant or the parking users, or, if directly imposed against Landlord, Tenant shall reimburse Landlord for all such taxes and/or charges within thirty (30) days after Landlord’s demand therefor. The parking rights provided to Tenant pursuant to this Article 23 are provided solely for use by Tenant’s own personnel visitors and invitees and such rights may not be transferred, assigned, subleased or otherwise alienated by Tenant without Landlord’s prior approval, except in connection with an assignment of this Lease or sublease of the Premises made in accordance with Article 14 above.

  • Liability 1. The parties agree that any data subject, who has suffered damage as a result of any breach of the obligations referred to in Clause 3 or in Clause 11 by any party or subprocessor is entitled to receive compensation from the data exporter for the damage suffered.

  • Costs Whether or not this Agreement is terminated, the Mortgage Loan Seller will pay its pro rata share (the Mortgage Loan Seller’s pro rata portion to be determined according to the percentage that the aggregate Cut-off Date Balance of all the Mortgage Loans represents as to the aggregate Cut-off Date Balance of all the mortgage loans of the Trust Fund (the “Cut-off Date Pool Balance”)) of all costs and expenses of the Purchaser in connection with the transactions contemplated herein, including, but not limited to: (i) the costs and expenses of the Purchaser in connection with the purchase of the Mortgage Loans; (ii) the costs and expenses of reproducing and delivering the Pooling and Servicing Agreement and this Agreement and printing (or otherwise reproducing) and delivering the Certificates; (iii) the reasonable and documented set-up fees, costs and expenses of the Trustee, the Certificate Administrator and their respective counsel; (iv) the fees and disbursements of a firm of certified public accountants selected by the Purchaser and the Mortgage Loan Seller with respect to numerical information in respect of the Mortgage Loans and the Certificates included in the Preliminary Prospectus, the Preliminary Private Placement Memorandum, the Prospectus and the Private Placement Memorandum or any other marketing materials or structural and collateral term sheets (or any similar item), including the cost of obtaining any agreed-upon procedures letters with respect to such items; (v) the costs and expenses in connection with the qualification or exemption of the Certificates under state securities or blue sky laws, including filing fees and reasonable fees and disbursements of counsel in connection therewith; (vi) the costs and expenses in connection with any determination of the eligibility of the Certificates for investment by institutional investors in any jurisdiction and the preparation of any legal investment survey, including reasonable fees and disbursements of counsel in connection therewith; (vii) the costs and expenses in connection with printing (or otherwise reproducing) and delivering this Agreement and the furnishing to the Underwriters or the Initial Purchasers, as applicable, of such copies of the Preliminary Prospectus, the Preliminary Private Placement Memorandum, the Prospectus and the Private Placement Memorandum or any other marketing materials or structural and collateral term sheets (or any similar item) and this Agreement as the Underwriters and the Initial Purchasers may reasonably request; (viii) the fees of the rating agency or agencies engaged to consider rating the Certificates or hired and requested to rate the Certificates; (ix) all registration fees incurred by the Purchaser in connection with the filing of its Registration Statement allocable to the issuance of the Registered Certificates; (x) the upfront fee payable to the Asset Representations Reviewer on the Closing Date in the amount agreed by the parties hereto; and (xi) the reasonable fees and expenses of special counsel to the Purchaser.

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