State Refund Grant Sample Clauses

State Refund Grant. For a Grant Period ofbeginning with the first calendar quarter following the first Lease Year, or Initial Occupancy, whichever occurs later, and continuing for ten years following Initial Occupancy, City shall provide the Company an economic development incentive grant in an amount equal to all refunds received by the City from the Comptroller of State Sales Taxes.
Sample 1
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State Refund Grant. The City shall make a quarterly payments to the Company of the State Refund Grant payment to the Company within thirty days ofafter the City’s receipt from the Comptroller of each refund of State Sales Taxes pursuant to Sections 351.102(c) and 151.429(h) of TEXAS TAX CODEthe Company’s Quarterly Report. Each State Refund Grant payment shall be equal to the amount of the State Sales Taxes refund received by the City. from the Comptroller of State Sales Taxes pursuant to Sections 351.102(c) and 151.429(h) of TEXAS TAX CODE.
Sample 1
State Refund Grant. The City shall make quarterly payments to the Company of the State Refund Grant within thirty days after the City’s receipt of the Company’s Quarterly Report. Each State Refund Grant payment shall be equal to the amount of the State Sales Taxes refund received by the City from the Comptroller of State Sales Taxes pursuant to Sections 351.102(c) and 151.429(h) of TEXAS TAX CODE.
Sample 1
State Refund Grant. For a Grant Period of thirty (30) years following Initial Occupancy, the City shall provide Developer an economic development grant in an amount equal to all refunds received by the City from the Comptroller of State Sales Taxes, State HOT, and State Mixed Beverage Taxes. The City shall make or cause to be made a State Refund Grant payment to Developer within thirty days of the City’s receipt from the Comptroller of each refund. The City shall deposit State Refund Grants into a bank account or accounts owned and controlled by Developer. The City represents and warrants to Developer that the State Refund Grant is not subject to annual appropriation of the City Council of the City or any other governmental authority.
Sample 1

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