Common use of Stipulated Supplemental Payment Amount - Subject to Annual Limit Clause in Contracts

Stipulated Supplemental Payment Amount - Subject to Annual Limit. Applicant shall issue Supplement Payments to the District on or before January 31, 2022 (the payment due date for Tax Year 2021), and continuing thereafter until January 31, 2036, for Tax Year 2035). The Applicant shall make a Supplemental Payment to District in an amount equal to the greater of the allowable amounts described in Section 6.2(D). The calculations shall be made at the same time and on the same schedule as the calculations made pursuant to Section 4.6.

Appears in 2 contracts

Samples: Agreement for Limitation, Agreement for Limitation

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Stipulated Supplemental Payment Amount - Subject to Annual Limit. Applicant shall issue Supplement Payments to the District on On or before January 31, 2022 2030 (the payment due date for Tax Year 20212029), and continuing thereafter on or before January 31 of each year until January 31, 2036, 2041 (the payment due date for the Supplemental Payment owed with respect to Tax Year 20352040). The , the Applicant shall make a Supplemental Payment to District in an amount equal to the greater lesser of the allowable amounts described in Section 6.2(D). The calculations shall be made at the same time and on the same schedule as the calculations made pursuant to Section 4.6.following:

Appears in 2 contracts

Samples: Agreement for Limitation, Agreement for Limitation

Stipulated Supplemental Payment Amount - Subject to Annual Limit. Applicant shall issue Supplement Payments to the District on or before January 31, 2022 2027 (the payment due date for Tax Year 2021)2026, and continuing thereafter until January 31, 20362041, for Tax Year 2035)2040. The Applicant shall make a Supplemental Payment to District in an amount equal to the greater of the allowable amounts described in Section 6.2(D). The calculations shall be made at the same time and on the same schedule as the calculations made pursuant to Section 4.6.

Appears in 1 contract

Samples: Agreement for Limitation

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Stipulated Supplemental Payment Amount - Subject to Annual Limit. Applicant shall issue Supplement Payments to the District on On or before January 31, 2022 2023 (the payment due date for Tax Year 20212022), and continuing thereafter until on or before the January 3131 of each year through Tax Year 2028, 2036Applicant shall make an annual Supplemental Payment in the following amounts: Tax Year Supplemental Payment Amount 2022 $10,000.00 2023 $10,000.00 2024 $15,000.00 2025 $25,000.00 2026 $25,000.00 2027 $10,000.00 2028 $5,000.00 Each year's Supplemental Payment shall be due on or before January 31 of the calendar year following the completion of the previous Tax Year, except that the Supplemental Payment for Tax Year 2035). The Applicant shall make a Supplemental Payment to District in an amount equal to the greater of the allowable amounts described in Section 6.2(D). The calculations 2028 shall be made at the same time and paid on the same schedule as the calculations made pursuant to Section 4.6or before December 31, 2028.

Appears in 1 contract

Samples: Agreement for Limitation

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