STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The District shall receive Supplemental Payments on the dates set forth in the following schedule: Agreement Year School Year Tax Year Payment Due Date Supplemental Payment
STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The District Stub Year 2021 – 2022 2021 January 31, 2022 $ 50,000.00 QTP2 2023 – 2024 2023 January 31, 2024 $ 50,000.00 L2 2025 – 2026 2025 January 31, 2026 $ 50,000.00 L4 2027 – 2028 2027 January 31, 2028 $ 50,000.00 L6 2029 – 2030 2029 January 31, 2030 $ 50,000.00 L8 2031 – 2032 2031 January 31, 2032 $ 50,000.00 L10 2033 – 2034 2033 January 31, 2034 $ 50,000.00 MVP2 2035 – 2036 2035 January 31, 2036 $ 50,000.00
STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. SUBJECT TO AGGREGATE LIMIT. In addition to the Supplemental Payment limitation set forth in Section 6.2, and except as otherwise provided in Section 6.3 with respect to the Initial Supplemental Payment, for any Tax Year during the term of this Agreement, the District shall not be entitled to receive Supplemental Payments that exceed the lesser of:
A. the “Applicant’s Stipulated Supplemental Payment Amount,” as such term is defined in Section 1.2, for such Tax Year; or
B. the “Aggregate Limit,” as such term is defined in Section 1.2, for such Tax Year.
STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. SUBJECT TO NET AGGREGATE LIMIT
(a) the Applicant’s Stipulated Supplemental Payment Amount, defined as Forty Percent (40%) of the Applicant’s Net Tax Benefit, as the term is defined in Section 1.2, above; or,
(b) the Net Aggregate Limit, as the term is defined in Section 1.2, above.
STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. SUBJECT TO ANNUAL LIMIT. Applicant shall make Supplemental Payments on or before January 31, 2022 (the payment due date for Tax Year 2021), and continuing thereafter on or before January 31 of each year for the maximum period permitted under Section 313.027(i) of the TEXAS TAX CODE, except that Applicant’s final Supplemental Payment shall be due on or before December 31, 2036 for tax year 2036. The Applicant shall make Supplemental Payments to District in an amount equal to the Annual Limit. Supplemental payments due for Tax Years 2021, 2022, 2023 and 2024 shall be accrued and payable, in whole, on or before January 31, 2025 as per the following schedule: Tax Year Due Date Amount Due 2021* January 31, 2025 $249,525 Tax Year Due Date Amount Due 2022* January 31, 2025 $249,525 2023* January 31, 2025 $249,525 2024 January 31, 2025 $249,525 2025 January 31, 2026 $249,525 2026 January 31, 2027 $249,525 2027 January 31, 2028 $249,525 2028 January 31, 2029 $249,525 2029 January 31, 2030 $249,525 2030 January 31, 2031 $249,525 2031 January 31, 2032 $249,525 2032 January 31, 2033 $249,525 2033 January 31, 2034 $249,525 2034 January 31, 2035 $249,525 2035 January 31, 2036 $249,525 2036 December 31, 2036 $249,525 *Tax Years 2021, 2022, and 2023 shall not be due until January 31, 2025.
STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The District Agreement Year School Year Tax Year Payment Due Date Supplemental Payment
c. Exhibit 5. EXHIBIT 5 to the Agreement is deleted in its entirety and replaced with the attached
STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. The District Agreement Year School Year Tax Year Payment Due Date Supplemental Payment
c. Exhibit 3. EXHIBIT 3 to the Agreement is deleted in its entirety and replaced with the attached EXHIBIT 3.
d. Exhibit 4. EXHIBIT 4 to the Agreement is deleted in its entirety and replaced with the attached EXHIBIT 4.
e. Exhibit 5. EXHIBIT 5 to the Agreement is deleted in its entirety and replaced with the attached EXHIBIT 5.
STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. (a) Calculating Annual Supplemental Payment Amount Upon the execution of this Agreement, the Applicant shall be obligated to make annual Supplemental Payments to the Manor Independent School District on or before the dates, and in the amounts listed below. PAYMENT DUE DATE PAYMENT AMOUNT January 31, 2013 January 31, 2014 January 31, 2015 Annual Limit defined in Section 1.3 Annual Limit defined in Section 1.3 Annual Limit defined in Section 1.3 January 31, 2016 Annual Limit defined in Section 1.3 January 31, 2017 Annual Limit defined in Section 1.3 January 31, 2018 Annual Limit defined in Section 1.3 January 31, 2019 Annual Limit defined in Section 1.3 January 31, 2020 Annual Limit defined in Section 1.3 January 31, 2021 January 31, 2022 Annual Limit defined in Section 1.3 Annual Limit defined in Section 1.3
STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. In any year
(a) The Applicant’s Stipulated Supplemental Payment Amount, defined as Fifty Percent (50%) of the Applicant’s Net Tax Benefit, as the term is defined in Section 1.2 above; or
(b) The Net Aggregate Limit, as the term in defined in Section 1.2 above. It is the express intent of the Parties that any Supplemental Payments made to or on behalf of the District by the Applicant under this Article VI shall not exceed the limit imposed by the provisions of Texas Tax Code § 313.027(i), as such limit is allowed to be increased by the Legislature for any future year of this Agreement.
d. Sections 10.1.B and 10.1.C. Sections 10.1.B and 10.1.C of the Agreement are deleted in their entirety and replaced with the following:
STIPULATED SUPPLEMENTAL PAYMENT AMOUNT. SUBJECT TO AGGREGATE A. the “Applicant's Stipulated Supplemental Payment Amount,” as such term is defined in Section 1.2. for such Tax Year; or,
