Minimum Annual Service Charge Sample Clauses

Minimum Annual Service Charge. The amount of the total taxes levied against the Land and existing improvements in the last full tax year in which the Land and existing improvements were subject to taxation.
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Minimum Annual Service Charge. By agreement of the parties and in satisfaction of the Law, the Minimum Annual Service Charge shall be the total taxes levied against the Property in the last full tax year in which the Property was subject to taxation. The Minimum Annual Service Charge shall not be reduced through any tax appeal during the period this Agreement is in force and effect.
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Minimum Annual Service Charge. Notwithstanding anything to the contrary in this Financial Agreement, including, without limitation, Section 4.2 hereof, the Annual Service Charge for the Project shall not be less than the Minimum Annual Service Charge.
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Minimum Annual Service Charge. For the period commencing with the acquisition of the Project, or Phase of the Project, by the Entity and ending with Substantial Completion for each Phase, pursuant to N.J.S.A. 40A:20-12, the Parties agree that the Minimum Annual Service Charge shall be equal to the amount of total taxes levied against all real property within the respective Phase of the Project in the last full tax year immediately prior to the date of this Agreement. And thereafter, the Minimum Annual Service Charge shall be paid each year after Substantial Completion of the applicable Phase of the Project in which the Annual Service Charge, calculated pursuant to this Agreement and
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Minimum Annual Service Charge. The minimum total of service charges, as specified in Clause H.7 of this Agreement, payable in any period of twelve months from the first day of the month following the commencement date.
Sample 1
Minimum Annual Service Charge. The minimum annual service charge shall be the amount of the total taxes levied against the Property in the last full tax year in which the Property was subject to taxation. Minimum Municipal Share - An amount calculated pursuant to Exhibit C. Net Profit – Annual Gross Revenue less all operating and non-operating expenses and costs of the Entity, all determined in accordance with generally accepted accounting principles and the provisions of the Exemption Law. Party or Parties – Shall have the meaning specified in the recitals. Payment Default - Nonpayment of any monetary amounts due hereunder, including all or a portion of the applicable taxes on the existing improvements, Land Taxes, Administrative Fee, or Annual Service Charge, as the case may be, or nonpayment of any payments under the Special Assessment Agreement or other agreement which provides that a nonpayment thereunder shall be a Payment Default under this Agreement. Person – Shall mean any individual, sole proprietorship, corporation, partnership, joint venture, limited liability company or corporation, trust, unincorporated association, institution, public or governmental body, or any other entity.
Sample 1
Minimum Annual Service Charge. The amount of the total taxes levied against the Land in the last full tax year in which the Land was subject to taxation, or Five Hundred Thousand Dollars ($500,000.00), whichever is greater. The Minimum Annual Service Charge shall be prorated in the year in which the ASC Commencement Date occurs and the year in which the Termination Date occurs.
Sample 1
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Minimum Annual Service Charge. (a) The Minimum Annual Service Charge shall be paid in each year in which the Annual Service Charge, as calculated herein, would be less than the Minimum Annual Service Charge. (b) In accordance with N.J.
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Minimum Annual Service Charge. During the period after commencement of construction and prior to the issuance of a Certificate of Completion of the Inclusionary Project and/or Unit(s), Walnut URE shall pay a Minimum Annual Service Charge, pursuant to N.J.S.A. 40A:20-12. The Minimum Annual Service Charge shall be the amount of the total taxes including Land Taxes levied against all real property in the area covered by the Residential Property in the last full tax year in which the area was subject to taxation.
Sample 1

Related to Minimum Annual Service Charge

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • Minimum Monthly Rent (Section 1.5): Tenant shall pay to Landlord Minimum Monthly Rent for the Premises during the Extended Term in accordance with the schedule and in the amount set forth below: 01/01/13-07/31/13 $ 1,776.25 per month $ 8,645.00 per month $ 10,421.25 per month 08/01/13-07/31/14 $ 1,827.00 per month $ 8,892.00 per month $ 10,719.00 per month 08/01/14-07/31/15 $ 1,877.75 per month $ 9,139.00 per month $ 11,016.75 per month

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Director - Marketing Services, Associate Professor for one year, commencing on July 1, 2024 and terminating on June 30, 2025. The Administrator accepts such employment on the conditions hereinafter set forth, and any applicable provisions of the Board of Trustees Policy Manual. In the event of conflict between Board Policy and this Contract, the Contract shall govern. 2. For the 2024-2025 contract year, the Administrator shall receive an annual salary of $178,054.00 subject to applicable deductions, to be paid in bi-weekly installments as full compensation for all rights granted and service performed under this Contract.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Monthly Base Rent With respect to any Payment Date and any Lease Vehicle (other than a Lease Vehicle with respect to which the Disposition Date occurred during such Related Month), the “Monthly Base Rent” with respect to such Lease Vehicle for such Payment Date shall equal the pro rata portion (based upon the number of days in the Related Month with respect to such Payment Date that were included in the Vehicle Term for such Lease Vehicle) of the Depreciation Charge for such Lease Vehicle as of the last day of such Related Month calculated on a 30/360 day basis.

  • Minimum Salaries 12.1 The minimum base salary for all Bargaining Unit members shall be as follows: 12.2 The minima defined in this Article shall apply to AAUP-represented adjuncts on a pro-rated basis proportional to their percent of full- time.

  • Annual Maintenance Fee In consideration of the license granted to Licensee under Section 2.1, Licensee shall pay Licensor on-going annual maintenance fees of **** on each anniversary of the Effective Date.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

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