Common use of Minimum Annual Service Charge Clause in Contracts

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.

Minimum Annual Service Charge. By agreement Notwithstanding the provisions of the parties this Financial Agreement and in satisfaction of the Lawaccordance with N.J.S.A. 40A:20-12.b., the Minimum Annual Service Charge minimum annual service charge shall be the amount of the total taxes levied against all real property in the Property area covered by the Project in the last full tax year in which the Property area was subject to taxation. The Minimum Annual Service Charge , and the minimum annual service charge shall not be reduced through any tax appeal during paid in each year in which the period annual service charge calculated pursuant to this Financial Agreement is in force and effectwould be less than the minimum annual service charge.

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. The Minimum Annual Service Charge shall be determined on the basis of the entire Project and then allocated equally among each of the one hundred eleven (111) Housing Units.

Minimum Annual Service Charge. By agreement of the parties and in satisfaction of the Law, the 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 area 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.