Statutory Service Payments Sample Clauses

Statutory Service Payments. Developer, for itself and its successors as TIF Parcel Owners with respect to the TIF Parcels, agree to make Statutory Service Payments attributable to their respective period of ownership of the TIF Parcels, all pursuant to and in accordance with the requirements of the TIF Statutes, and any subsequent amendments or supplements thereto, the TIF Ordinance and this Agreement. Statutory Service Payments will be made semiannually to the County Treasurer (or to such County Treasurer’s designated agent for collection of the Statutory Service Payments) on or before the final dates for payment of real property taxes for the TIF Parcels. Any late payments will bear penalties and interest at the then current rate established under Ohio Revised Code Sections 323.121 and 5703.47 or any successor provisions thereto, as the same may be amended from time to time. Statutory Service Payments will be made in accordance with the requirements of the TIF Statutes and the TIF Ordinance and, for the TIF Parcels, will be in the same amount as the real property taxes that would have been charged and payable against the Improvement to the TIF Parcels (after credit for any other payments received by the City under Ohio Revised Code Sections 319.302, 321.24, 323.152 and 323.156, or any successor provisions thereto, as the same may be amended from time to time, and are referred to herein as the “Property Tax Rollback Payments”) if it were not exempt from taxation pursuant to the TIF Ordinance, including any penalties and interest. No TIF Parcel Owner will, under any circumstances, be required for any tax year to pay both real property taxes and Statutory Service Payments with respect to any portion of the Improvement, whether pursuant to Ohio Revised Code Section 5709.42, the TIF Ordinance or this Agreement.
Sample 1
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Statutory Service Payments. M/I, for itself and its successors and assigns in interest to ownership of all or any portion of the Property, and subject to it first obtaining ownership of the Property, agrees to make “Service Payments” attributable to their respective periods of ownership of the Property, all pursuant to and in accordance with the TIF Legislation and this Agreement and the requirements of applicable law, and any subsequent amendments or supplements thereto, and as further set forth in the Declaration (as defined in Section 3.E below). For purposes of this Agreement, the term “Service Payments” shall be defined to mean “payments in lieu of real property taxes which shall be directed by applicable governmental authorities to a designated fund created as part of or subsequent to the passage of the TIF Legislation, and which are to be used by the Village for the purpose of funding the costs of public infrastructure improvements that are described in the TIF Legislation and as permitted by relevant provisions of the ORC.”
Sample 1
Statutory Service Payments. The Developer, on behalf of itself and each subsequent owner of any portion of the Red Buckeye Developer Property, agrees to make Service Payments attributable to its respective period of ownership of the Red Buckeye Developer Property, all pursuant to and in accordance with the requirements of the TIF Statutes, and any subsequent amendments or supplements thereto, the TIF Ordinance and this Agreement, and as further set forth in the Declaration.
Sample 1

Related to Statutory Service Payments

  • Service Pay ‌ All regular employees shall be granted service pay in the amount of ten cents (10c/ ) per calendar day for each five (5) years of continuous service completed. After the first five (5) years of service, ten cents (10c/ ); after five (5) further years of service, an additional ten cents (10c/ ); and a like increase for each additional five (5) years of service completed.

  • Servicer Compensation The Servicer shall withdraw its Servicing Fee for each Mortgage Loan net of any Month End Interest payable pursuant to Section 7.6.1 from the related Custodial P&I Account prior to the remittance of such amounts to the Certificate Account with all other payments received with respect to the Mortgage Loans.

  • Quarterly Contractor Performance Reporting Customers shall complete a Contractor Performance Survey (Exhibit I) for each Contractor on a Quarterly basis. Customers will electronically submit the completed Contractor Performance Survey(s) to the Department Contract Manager no later than the due date indicated in Contract Exhibit D, Section 17, Additional Special Contract Conditions. The completed Contractor Performance Survey(s) will be used by the Department as a performance-reporting tool to measure the performance of Contractors. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MyFloridaMarketPlace or on the Department's website).

  • Indemnity for Performance Agreements The Vendor agrees to indemnify and hold harmless and defend TIPS, TIPS Member(s), officers and employees from and against all claims and suits for damages, injuries to persons (including death), property damages, losses, and expenses including court costs and attorney’s fees, arising out of, or resulting from, Vendor’s work under this Agreement, including all such causes of action based upon common, constitutional, or statutory law, or based in whole or in part, upon allegations of negligent or intentional acts on the part of the Vendor, its officers, employees, agents, subcontractors, licensees, or invitees, unless such claims are based in whole upon the negligent acts or omissions of the TIPS, TIPS Member(s), officers, employees, or agents. If based in part upon the negligent acts or omissions of the TIPS, TIPS Member(s), officers, employees, or agents, Vendor shall be responsible for their proportional share of the claim. By signature hereon, the bidder hereby certifies that he/she is not currently delinquent in the payment of any franchise taxes owed the State of Texas under Chapter 171, Tax Code.

  • Performance by Seller Seller shall have performed, satisfied and complied with all covenants, agreements and conditions required by this Agreement to be performed or complied with by each of them, on or before the Closing Date.

  • Performance by Contractor The Contractor, at the Contractor's own expense, shall, except as herein otherwise specifically provided, furnish and provide all and every kind of labour and superintendence, services, tools, implements, machinery, plant materials, articles and whatsoever is necessary for the due execution of the work. The Contractor shall fully construct and erect the work in the most thorough, professional and substantial manner, in every respect to the satisfaction and approval of the Engineer. The Contractor shall complete the work within the time specified herein and deliver it to the Minister in the manner and upon the terms and conditions of the Contract.

  • Service Core Allowance The company shall pay $0.95 per hour for all work carried out in construction of service core. This allowance will be adjusted annually (effective from 1 June) in accordance with CPI movements (All Groups, Melbourne) for the preceding 12 months to March (increases to be rounded to the nearest 5 cents).

  • Historical Performance Information To the extent agreed upon by the parties, the Sub-Advisor will provide the Trust with historical performance information on similarly managed investment companies or for other accounts to be included in the Prospectus or for any other uses permitted by applicable law.

  • Distribution and Pool Performance Information Item 1121(a) - Distribution and Pool Performance Information

  • CONTRACTOR PERFORMANCE AUDIT The Contractor shall allow the Authorized User to assess Contractor’s performance by providing any materials requested in the Authorized User Agreement (e.g., page load times, response times, uptime, and fail over time). The Authorized User may perform this Contractor performance audit with a third party at its discretion, at the Authorized User’s expense. The Contractor shall perform an independent audit of its Data Centers, at least annually, at Contractor expense. The Contractor will provide a data owner facing audit report upon request by the Authorized User. The Contractor shall identify any confidential, trade secret, or proprietary information in accordance with Appendix B, Section 9(a), Confidential/Trade Secret Materials.

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