Common use of Payment of Extraordinary Education Related Expenses Clause in Contracts

Payment of Extraordinary Education Related Expenses. 4.3.1 Applicant agrees and acknowledges that construction and installation of its Qualified Property may bring an extraordinary influx of workers into the District. Applicant further agrees and acknowledges that these workers may cause an undetermined increase in enrollment for the District, and that such increase may subject the District to Extraordinary Education-Related Expenses that are not directly funded in school financing funding formulas. Accordingly, Applicant agrees to reimburse to the District for any documented Extraordinary Education-Related Expenses paid by the District arising from Applicant’s Qualified Investment. 4.3.2 In the event that the District incurs reimbursable Extraordinary Education-Related Expenses, the District will notify Applicant and provide a detailed explanation for such expenses prior to reimbursement by Applicant. 4.3.3 Payments of amounts due under this Section shall be made as set forth in Section 3.7 of this Agreement.

Appears in 5 contracts

Samples: Limitation on Appraised Value Agreement, Limitation on Appraised Value Agreement, Limitation on Appraised Value Agreement

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Payment of Extraordinary Education Related Expenses. 4.3.1 Applicant agrees and acknowledges that construction and installation of its Qualified Property may bring an extraordinary influx of workers into the District. Applicant further agrees and acknowledges that these workers may cause an undetermined increase in enrollment for the District, and that such increase in students may subject the District to Extraordinary Education-Related Expenses that are not directly funded in school financing funding formulas. Accordingly, Applicant agrees to reimburse to the District for any documented Extraordinary Education-Related Expenses paid by the District arising from Applicant’s Qualified Investment. 4.3.2 In the event that the District incurs reimbursable Extraordinary Education-Related Expenses, the District will notify Applicant and provide a detailed explanation for such expenses prior to reimbursement by Applicant. 4.3.3 Payments of amounts due under this Section shall be made as set forth in Section 3.7 of this Agreement.

Appears in 1 contract

Samples: Limitation on Appraised Value Agreement

Payment of Extraordinary Education Related Expenses. 4.3.1 Applicant agrees and acknowledges that construction and installation of its Qualified Property may bring an extraordinary influx of workers into the District. Applicant further agrees and acknowledges that these workers may cause an undetermined increase in enrollment for the District, and that such increase may subject the District to Extraordinary Education-Related Expenses that are not directly funded in school financing funding formulas. Accordingly, Applicant agrees to reimburse to the District for any documented Extraordinary Education-Related Expenses paid by the District arising from Applicant’s Qualified Investment. 4.3.2 In the event that the District incurs reimbursable Extraordinary Education-Related Expenses, the District will notify Applicant and provide a detailed explanation for such expenses prior to reimbursement by Applicant. 4.3.3 Payments of amounts due under this Section shall be made as set forth in Section 3.7 of this Agreement.Section

Appears in 1 contract

Samples: Limitation on Appraised Value Agreement

Payment of Extraordinary Education Related Expenses. 4.3.1 Applicant agrees and acknowledges that construction and installation of its Qualified Property may bring an extraordinary influx of workers into the District. Applicant further agrees and acknowledges that these workers may cause an undetermined increase in enrollment for the District, and that such increase may subject the District to Extraordinary Education-Related Expenses that are not directly funded in school financing funding formulas. Accordingly, Applicant agrees to reimburse to the District for any documented Extraordinary Education-Related Expenses paid by the District arising from Applicant’s Qualified Investment. 4.3.2 In the event that the District incurs reimbursable Extraordinary Education-Related ExpensesExpenses related to this project, the District will notify Applicant and provide a detailed explanation for such expenses prior to reimbursement by Applicant. The applicant may contest any such cost certified by the District’s external auditor under the provisions of Section 3.8. 4.3.3 Payments of amounts due under this Section shall be made as set forth in Section 3.7 of this Agreement.

Appears in 1 contract

Samples: Limitation on Appraised Value Agreement

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Payment of Extraordinary Education Related Expenses. 4.3.1 Applicant agrees and acknowledges that construction and installation of its Qualified Property may bring an extraordinary influx of workers into the District. Applicant further agrees and acknowledges that these workers may cause an undetermined increase in enrollment for the District, and that such increase may subject the District to Extraordinary Education-Related Expenses that are not directly funded in school financing funding formulas. Accordingly, Applicant Xxxxxxxxx agrees to reimburse to the District for any documented Extraordinary Education-Related Expenses paid by the District arising from Applicant’s Qualified Investment. 4.3.2 In the event that the District incurs reimbursable Extraordinary Education-Related Expenses, the District will notify Applicant and provide a detailed explanation for such expenses prior to reimbursement by Applicant. 4.3.3 Payments of amounts due under this Section shall be made as set forth in Section 3.7 of this Agreement.

Appears in 1 contract

Samples: Limitation on Appraised Value Agreement

Payment of Extraordinary Education Related Expenses. 4.3.1 Applicant agrees and acknowledges that construction and installation of its Qualified Property may bring an extraordinary influx of workers into the District. Applicant further agrees and acknowledges that these workers may cause an undetermined increase in enrollment for the District, and that such increase may subject the District to Extraordinary Education-Related Expenses that are not directly funded in school financing funding formulas. Accordingly, Applicant agrees to reimburse to the District for any documented Extraordinary Education-Related Expenses paid by the District arising from Applicant’s Qualified Investment. 4.3.2 In the event that the District incurs reimbursable Extraordinary Education-Related ExpensesExpenses related to this project, the District will notify Applicant and provide a detailed explanation for such expenses prior to reimbursement by Applicant. The applicant may contest any such cost certified by the District’s external auditor under the provisions of Section 3.8. 4.3.3 Payments of amounts due under this Section shall be made as set forth in Section 3.7 of this Agreement.

Appears in 1 contract

Samples: Limitation on Appraised Value Agreement

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