Common use of PAYMENT BY APPLICANT Clause in Contracts

PAYMENT BY APPLICANT. Subject to Section 4.9 below, the Applicant shall pay any amount determined by the Third Party to be due and owing to the District under this Agreement on or before the January 31 of the year next following the tax levy for each year for which this Agreement is effective. Subject to the limitation set forth in this Section 4.8 below, by such date, the Applicant shall also pay any amount billed by the Third Party for all calculations under this Agreement under Section 4.4, above, plus any reasonable and necessary legal expenses paid by the District to its attorneys, auditors, or financial consultants for the preparation and filing of any financial reports, disclosures, or other reimbursement applications filed with or sent to the State of Texas, for any audits conducted by the State Auditor’s Office, or for other legal expenses which are, or may be required under the terms of, or because of, the execution of this Agreement. Notwithstanding the previous sentence, Applicant shall only be responsible for payment of the amounts described in the previous sentence up to FIFTEEN THOUSAND DOLLARS ($15,000.00) for each year of this Agreement during the Tax Limitation Period and up to FIVE THOUSAND DOLLARS ($5,000.00) for each year of this Agreement outside of the Tax Limitation Period.

PAYMENT BY APPLICANT. Subject to Section 4.9 4.8 below, the Applicant shall pay any amount determined by the Third Party to be due and owing to the District under this Agreement on or before the January 31 of the year next following the tax levy for each year for which this Agreement is effective. Subject to the limitation set forth in this Section 4.8 4.7 below, by such date, the Applicant shall also pay the amount of any amount fees billed by the Third Party for all calculations under this Agreement under Section 4.44.6, above, plus any reasonable and necessary out of pocket third party legal expenses paid by the District to its attorneys, auditors, or financial consultants for the preparation and filing of any financial reports, disclosures, or other reimbursement applications filed with or sent to the State of Texas, for any audits conducted by the State Auditor’s Office, or for other legal expenses which are, or may be required under the terms of, or because of, the execution of this Agreement. Notwithstanding the previous sentenceforegoing, for no Tax Year during the term of this Agreement shall the Applicant shall only be responsible for the payment of the amounts described in the previous sentence up to FIFTEEN THOUSAND DOLLARS an aggregate amount of fees and expenses under this Section 4.7 which exceeds Fifteen Thousand Dollars ($15,000.00) for each year of this Agreement during the Tax Limitation Period and up to FIVE THOUSAND DOLLARS ($5,000.00) for each year of this Agreement outside of the Tax Limitation Period).

PAYMENT BY APPLICANT. Subject to Section 4.9 below, the Applicant shall pay any amount determined by the Third Party to be due and owing to the District under this Agreement on or before the January 31 of the year next following the tax levy for each year for which this Agreement is effective. Subject to the limitation set forth in this Section 4.8 below, by such date, the Applicant shall also pay any amount billed by the Third Party for all calculations under this Agreement under Section 4.44.6, above, plus any reasonable and necessary out-of-pocket third party legal expenses paid by the District to its attorneys, auditors, or financial consultants for the preparation and filing of any financial reports, disclosures, or other reimbursement applications filed with or sent to the State of Texas, for any audits conducted by the State Auditor’s Office, or for other legal expenses which are, or may be required under the terms of, or because of, the execution of this Agreement. Notwithstanding the previous sentenceforegoing, during the term of this Agreement, the Applicant shall only not be responsible for the payment of the amounts described in the previous sentence up to FIFTEEN THOUSAND DOLLARS an aggregate amount of fees and expenses under this Section 4.8 and Section 4.6 which exceeds Fifteen Thousand Dollars ($15,000.00) for each year of this Agreement during the Tax Limitation Period and up to FIVE THOUSAND DOLLARS ($5,000.00) for each year of this Agreement outside of the Tax Limitation Period).

PAYMENT BY APPLICANT. Subject to Section 4.9 below, the Applicant shall pay any amount determined by the Third Party to be due and owing to the District under this Agreement on or before the January 31 of the year next following the tax levy for each year for which this Agreement is effective. Subject to the limitation set forth in this Section 4.8 below, by such date, the Applicant shall also pay any amount billed by the Third Party for all calculations under this Agreement under Section 4.4, above, plus any reasonable and necessary legal expenses paid by the District to its attorneys, auditors, or financial consultants for the preparation and filing of any financial reports, disclosures, or other reimbursement applications filed with or sent to the State of Texas, for any audits conducted by the State Auditor’s Office, or for other legal expenses which are, or may be required under the terms of, or because of, the execution of this Agreement. Notwithstanding the previous sentence, Applicant shall only be responsible for payment of the amounts described in the previous sentence this Section 4.8 up to FIFTEEN THOUSAND DOLLARS ($15,000.00) for each year of this Agreement during the Tax Limitation Period and up to FIVE THOUSAND DOLLARS ($5,000.00) for each year of this Agreement outside of the Tax Limitation Period.

PAYMENT BY APPLICANT. Subject to Section 4.9 below, the Applicant shall pay any amount determined by the Third Party to be due and owing to the District under this Agreement on or before the January 31 of the year next following the tax levy for each year for which this Agreement is effective. Subject to the limitation set forth in this Section 4.8 below, by such date, the Applicant shall also pay any amount billed by the Third Party for all calculations under this Agreement under Section 4.4, above, plus any reasonable and necessary legal expenses paid by the District to its attorneys, auditors, or financial consultants for the preparation and filing of any financial reports, disclosures, or other reimbursement applications filed with or sent to the State of Texas, for any audits conducted by the State Auditor’s Office, or for other legal expenses which are, or may be required under the terms of, or because of, the execution of this Agreement. Notwithstanding the previous sentenceforegoing, for no Tax Year during the term of this Agreement shall the Applicant shall only be responsible for the payment of an aggregate amount of fees and expenses to the amounts described Third-Party and the District’s attorneys, auditors, and financial consultants under this Section 4.8 and Section 4.7, above, in the previous sentence up to FIFTEEN THOUSAND DOLLARS excess of (i) Fifteen Thousand Dollars ($15,000.00) for each year of this Agreement any Tax Year during the Tax Limitation Period and up to FIVE THOUSAND DOLLARS (ii) Seven Thousand Five Hundred Dollars ($5,000.007,500.00) for each year of this Agreement outside of any Tax Year not included in the Tax Limitation PeriodPeriod and for which Comptroller Biennial reports are not required.