Common use of Quarterly Installments Clause in Contracts

Quarterly Installments. The Entity expressly agrees that the Annual Service Charge shall be billed in quarterly installments on those dates when real estate tax payments are due, i.e., February 1, May 1, August 1, and November 1; subject nevertheless to adjustment for over or underpayment within 30 days after close of each fiscal or calendar year, as the case may be.

Appears in 5 contracts

Samples: Financial Agreement, Financial Agreement, Financial Agreement

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Quarterly Installments. The Entity expressly agrees that the Annual Service Charge shall be billed in quarterly installments on those dates when real estate tax payments are due, i.e., February 1, May 1, August 1, and November 1; subject nevertheless to adjustment for over or underpayment within 30 thirty (30) days after close of each fiscal or calendar year, as the case may be.

Appears in 2 contracts

Samples: Financial Agreement, Financial Agreement

Quarterly Installments. The Entity expressly agrees that the Annual Service Charge shall be billed paid in quarterly installments on those dates when ad valorem real estate tax payments on other properties within the Borough are due, i.e., February 1, May 1, August 1, and November 1; subject nevertheless to adjustment for over payment or underpayment within 30 days after the close of each fiscal or calendar year, as the case may be.

Appears in 2 contracts

Samples: Redevelopment Agreement, Financial Agreement

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Quarterly Installments. The Entity expressly agrees that the aforesaid Annual Service Charge Charge(s) shall be billed made in quarterly installments on those dates when real estate tax payments are due; subject, i.e.nevertheless, February 1, May 1, August 1, and November 1; subject nevertheless to adjustment for over or underpayment within 30 thirty (30) days after the close of each City fiscal or calendar year. In the event that the Entity fails to so pay, as the amount unpaid shall bear the highest rate of interest permitted in the case may beof unpaid taxes or tax liens on the land until paid.

Appears in 1 contract

Samples: Financial Agreement

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