Common use of PROCEDURES FOR SUPPLEMENTAL PAYMENT CALCULATIONS Clause in Contracts

PROCEDURES FOR SUPPLEMENTAL PAYMENT CALCULATIONS. All calculations required by this Article VI, including but not limited to: (i) the calculation of the Applicant’s Cumulative Payments; (ii) the determination of the Aggregate Limit; (iii) the effect, if any, of the Aggregate Limit upon the actual amount of Cumulative Payments eligible to be paid to the District by the Applicant; and (iv) the carry forward and accumulation of any of the Applicant’s Supplemental Payments unpaid due to the Aggregate Limit in previous years, shall be calculated by the Third Party selected pursuant to Section 4.3. (a) The calculations made by the Third Party shall be made at the same time and on the same schedule as the calculations made pursuant to Section 4.6. (b) The payment of all amounts due under this Article VI shall be made at the time set forth in Section 6.1. (c) Any appeal by the Applicant of the calculations made by the Third Party under this Article VI shall be done in the same manner as set forth in Section 4.9, above. (d) Applicant’s obligation to pay any unpaid Supplemental Payments that have been carried forward under the terms of Section 6.3 but which are unable to be paid due to the application of the Aggregate Limit before the end of the third year following the end of the Tax Limitation Period (2033) shall be canceled, and such carried forward Supplemental Payments shall not be paid.

PROCEDURES FOR SUPPLEMENTAL PAYMENT CALCULATIONS. A. All calculations required by this Article VI, including but not limited to: (i) the calculation of the Applicant’s Cumulative PaymentsInitial Supplemental Payment; (ii) the calculation of the Applicant’s Stipulated Supplemental Payment Amount; (iii) the determination of both the Annual Limit and the Aggregate Limit; (iiiiv) the effect, if any, of the Aggregate Limit upon the actual amount of Cumulative Supplemental Payments eligible to be paid to the District by the Applicant; (v) the carry forward and application of the Initial Supplemental Payment to reduce payments of amounts otherwise due under this Article IV and the amount of any remaining balance of the Initial Supplemental Payment that has not been so applied prior to the termination of this Agreement; and (ivvi) the carry forward and accumulation of any of the Applicant’s Stipulated Supplemental Payments Payment Amounts unpaid by the Applicant due to the Aggregate Limit in previous years, shall be calculated by the Third Party selected pursuant to Section 4.3. (a) B. The calculations made by the Third Party shall be made at the same time and on the same schedule as the calculations made pursuant to Section 4.64.5. (b) C. The payment of all amounts due under this Article VI shall be made at the time set forth in Section 6.14.6. (c) Any appeal by the Applicant of the calculations made by the Third Party under this Article VI shall be done in the same manner as set forth in Section 4.9, above. (d) Applicant’s obligation to pay any unpaid Supplemental Payments that have been carried forward under the terms of Section 6.3 but which are unable to be paid due to the application of the Aggregate Limit before the end of the third year following the end of the Tax Limitation Period (2033) shall be canceled, and such carried forward Supplemental Payments shall not be paid.