Common use of STIPULATED SUPPLEMENTAL PAYMENT AMOUNT Clause in Contracts

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 2034 – 2035 2034 January 31, 2035 $ 66,913.00 MVP3 2035 – 2036 2035 January 31, 2036 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Dollars ($66,913.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 and ending with Tax Year 2035. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 2 contracts

Samples: Agreement for Limitation, Agreement for Limitation

AutoNDA by SimpleDocs

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 Year Stub Year 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 50,000.00 QTP1 2022 – 2023 2022 January 31, 2023 $ 66,913.00 50,000.00 QTP2/L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 50,000.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 50,000.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 50,000.00 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 50,000.00 L5 2027 – 2028 2027 January 31, 2028 $ 66,913.00 50,000.00 L6 2028 – 2029 2028 January 31, 2029 $ 66,913.00 50,000.00 L7 2029 – 2030 2029 January 31, 2030 $ 66,913.00 50,000.00 L8 2030 – 2031 2030 January 31, 2031 $ 66,913.00 50,000.00 L9 2031 – 2032 2031 January 31, 2032 $ 66,913.00 50,000.00 L10 2032 – 2033 2032 January 31, 2033 $ 66,913.00 50,000.00 MVP1 2033 – 2034 2033 January 31, 2034 $ 66,913.00 50,000.00 MVP2 2034 – 2035 2034 January 31, 2035 $ 66,913.00 50,000.00 MVP3 2035 – 2036 2035 January December 31, 2036 2035 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 50,000.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Fifty Thousand Dollars ($66,913.0050,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 and ending with Tax Year 2035. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 2 contracts

Samples: assets.comptroller.texas.gov, assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 Stub Year 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 50,000.00 QTP1 2022 – 2023 2022 January 31, 2023 $ 66,913.00 50,000.00 QTP2/L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 50,000.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 50,000.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 50,000.00 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 50,000.00 L5 2027 – 2028 2027 January 31, 2028 $ 66,913.00 50,000.00 L6 2028 – 2029 2028 January 31, 2029 $ 66,913.00 50,000.00 L7 2029 – 2030 2029 January 31, 2030 $ 66,913.00 50,000.00 L8 2030 – 2031 2030 January 31, 2031 $ 66,913.00 50,000.00 L9 2031 – 2032 2031 January 31, 2032 $ 66,913.00 50,000.00 L10 2032 – 2033 2032 January 31, 2033 $ 66,913.00 50,000.00 MVP1 2033 – 2034 2033 January 31, 2034 $ 66,913.00 50,000.00 MVP2 2034 – 2035 2034 January 31, 2035 $ 66,913.00 50,000.00 MVP3 2035 – 2036 2035 January December 31, 2036 2035 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 50,000.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Fifty Thousand Dollars ($66,913.0050,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 and ending with Tax Year 2035. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 2 contracts

Samples: Agreement for Limitation, Agreement for Limitation

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 50,000.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 50,000.00 L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 50,000.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 50,000.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 50,000.00 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 50,000.00 L5 2027 – 2028 2027 January 31, 2028 $ 66,913.00 50,000.00 L6 2028 – 2029 2028 January 31, 2029 $ 66,913.00 50,000.00 L7 2029 – 2030 2029 January 31, 2030 $ 66,913.00 50,000.00 L8 2030 – 2031 2030 January 31, 2031 $ 66,913.00 50,000.00 L9 2031 – 2032 2031 January 31, 2032 $ 66,913.00 50,000.00 L10 2032 – 2033 2032 January 31, 2033 $ 66,913.00 50,000.00 MVP1 2033 – 2034 2033 January 31, 2034 $ 66,913.00 50,000.00 MVP2 2034 – 2035 2034 January 31, 2035 $ 66,913.00 50,000.00 MVP3 2035 – 2036 2035 January December 31, 2036 2035 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 50,000.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Fifty Thousand Dollars ($66,913.0050,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 and ending with Tax Year 2035. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 2 contracts

Samples: assets.comptroller.texas.gov, assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 53,002.00 QTP2 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 53,002.00 L1 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 53,002.00 L2 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 53,002.00 L3 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 53,002.00 L4 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 53,002.00 L5 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 53,002.00 L6 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 53,002.00 L7 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 53,002.00 L8 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 53,002.00 L9 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 53,002.00 L10 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 53,002.00 MVP1 2034 – 2035 2034 January 31, 2035 $ 66,913.00 MVP3 53,002.00 MVP2 2035 – 2036 2035 January 31, 2036 $ 66,913.00 MVP4 53,002.00 MVP3 2036 – 2037 2036 January December 31, 2037 2036 $ 0.00 MVP5 2037 – 2038 2037 January 3153,002.00 Subject to the terms of this Agreement, 2038 $ 0.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments Payments to the District in an amount equal to SixtyFifty-Six Three Thousand, Nine Hundred Thirteen Two Dollars ($66,913.0053,002.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 2022 and ending with Tax Year 20352036. Failure Subject to the limitations set forth in this Agreement, failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 50,000.00 QTP2/L1 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 50,000.00 L2 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 50,000.00 L3 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 50,000.00 L4 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 50,000.00 L5 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 50,000.00 L6 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 50,000.00 L7 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 50,000.00 L8 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 50,000.00 L9 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 50,000.00 L10 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 50,000.00 MVP1 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 50,000.00 MVP2 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 50,000.00 MVP3 2034 – 2035 2034 January December 31, 2035 2034 $ 66,913.00 MVP3 2035 – 2036 2035 January 31, 2036 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 50,000.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Fifty Thousand Dollars ($66,913.0050,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 and ending with Tax Year 20352034. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: Agreement for Limitation

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 2034 – 2035 2034 January 31, 2035 $ 66,913.00 MVP3 2035 – 2036 2035 January December 31, 2036 2035 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Dollars ($66,913.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 and ending with Tax Year 2035. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 Stub 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 $63,000.00 QTP1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 $63,000.00 QTP2/L1 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 $63,000.00 L2 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 $63,000.00 L3 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 $63,000.00 L4 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 $63,000.00 L5 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 $63,000.00 L6 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 $63,000.00 L7 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 $63,000.00 L8 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 $63,000.00 L9 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 $63,000.00 L10 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 $63,000.00 MVP1 2034 – 2035 2034 January 31, 2035 $ 66,913.00 MVP3 $63,000.00 MVP2 2035 – 2036 2035 January 31, 2036 $ 66,913.00 MVP4 $63,000.00 MVP3 2036 – 2037 2036 January December 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 312036 $63,000.00 Subject to Section 4.10, 2038 $ 0.00 any limitations imposed by this Article VI, and the other terms of this Agreement, Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to SixtySix-Six Thousand, Nine Hundred Thirteen Three Thousand Dollars ($66,913.0063,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 2022 and ending with Tax Year 20352036. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 Stub (Stub0) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 $76,300.00 QTP1 / L1 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 $76,300.00 QTP2 / L2 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 $76,300.00 L3 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 $76,300.00 L4 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 $76,300.00 L5 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 $76,300.00 L6 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 $76,300.00 L7 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 $76,300.00 L8 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 $76,300.00 L9 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 $76,300.00 L10 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 $76,300.00 MVP1 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 $76,300.00 MVP2 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 $76,300.00 MVP3 2034 – 2035 2034 January December 31, 2035 $ 66,913.00 MVP3 2035 – 2036 2035 January 31, 2036 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 2034 $76,300.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to SixtySeventy-Six Thousand, Nine Three Hundred Thirteen Dollars ($66,913.0076,300.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 and ending with Tax Year 20352034. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: Agreement for Limitation

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 Stub 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 50,000.00 QTP1 2022 – 2023 2022 January 31, 2023 $ 66,913.00 50,000.00 QTP2/L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 50,000.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 50,000.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 50,000.00 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 50,000.00 L5 2027 – 2028 2027 January 31, 2028 $ 66,913.00 50,000.00 L6 2028 – 2029 2028 January 31, 2029 $ 66,913.00 50,000.00 L7 2029 – 2030 2029 January 31, 2030 $ 66,913.00 50,000.00 L8 2030 – 2031 2030 January 31, 2031 $ 66,913.00 50,000.00 L9 2031 – 2032 2031 January 31, 2032 $ 66,913.00 50,000.00 L10 2032 – 2033 2032 January 31, 2033 $ 66,913.00 50,000.00 MVP1 2033 – 2034 2033 January 31, 2034 $ 66,913.00 50,000.00 MVP2 2034 – 2035 2034 January 31, 2035 $ 66,913.00 50,000.00 MVP3 2035 – 2036 2035 January December 31, 2036 2035 $ 66,913.00 MVP4 2036 – 2037 2036 January 3150,000.00 Subject to the terms of this Agreement, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments Payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Fifty Thousand Dollars ($66,913.0050,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 and ending with Tax Year 2035. Failure Such Supplemental Payments shall be due on the dates shown in the Payment Due Date column shown above for each year. Subject to the limitations set forth in this Agreement, failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 50,000.00 QTP2/L1 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 50,000.00 L2 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 50,000.00 L3 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 50,000.00 L4 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 50,000.00 L5 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 50,000.00 L6 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 50,000.00 L7 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 50,000.00 L8 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 50,000.00 L9 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 50,000.00 L10 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 50,000.00 MVP1 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 50,000.00 MVP2 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 50,000.00 MVP3 2034 – 2035 2034 January December 31, 2035 2034 $ 66,913.00 MVP3 2035 – 2036 2035 January 3150,000.00 Subject to the terms of this Agreement, 2036 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments Payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Fifty Thousand Dollars ($66,913.0050,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 and ending with Tax Year 20352034. Failure Subject to the limitations set forth in this Agreement, failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 $106,700.00 QTP2 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 $106,700.00 L1 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 $106,700.00 L2 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 $106,700.00 L3 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 $106,700.00 L4 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 $106,700.00 L5 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 $106,700.00 L6 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 $106,700.00 L7 2034 – 2035 2034 January 31, 2035 $ 66,913.00 MVP3 $106,700.00 L8 2035 – 2036 2035 January 31, 2036 $ 66,913.00 MVP4 $106,700.00 L9 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 $106,700.00 L10 2037 – 2038 2037 January 31, 2038 $ 0.00 $106,700.00 MVP1 2038 – 2039 2038 January 31, 2039 $106,700.00 MVP2 2039 – 2040 2039 January 31, 2040 $106,700.00 MVP3 2040 – 2041 2040 December 31, 2040 $106,700.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments Payments to the District in an amount equal to Sixty-One Hundred Six Thousand, Nine Seven Hundred Thirteen Dollars and None ($66,913.00) per year for each Tax Year of this Agreement 106,700.00), beginning with Tax Year 2021 2026 and ending with Tax Year 20352040. Failure Subject to the limitations set forth in this Agreement, failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: Agreement for Limitation

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 74,800.00 QTP2 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 74,800.00 L1 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 74,800.00 L2 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 74,800.00 L3 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 74,800.00 L4 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 74,800.00 L5 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 74,800.00 L6 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 74,800.00 L7 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 74,800.00 L8 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 74,800.00 L9 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 74,800.00 L10 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 74,800.00 MVP1 2034 – 2035 2034 January 31, 2035 $ 66,913.00 MVP3 74,800.00 MVP2 2035 – 2036 2035 January 31, 2036 $ 66,913.00 MVP4 74,800.00 MVP3 2036 – 2037 2036 January December 31, 2037 2036 $ 0.00 MVP5 2037 – 2038 2037 January 3174,800.00 Subject to the terms of this Agreement, 2038 $ 0.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments Payments to the District in an amount equal to SixtySeventy-Six Four Thousand, Nine Eight Hundred Thirteen Dollars ($66,913.0074,800.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 2022 and ending with Tax Year 20352036. Failure Subject to the limitations set forth in this Agreement, failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

AutoNDA by SimpleDocs

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 $53,000.00 QTP2 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 $53,000.00 L1 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 $53,000.00 L2 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 $53,000.00 L3 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 $53,000.00 L4 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 $53,000.00 L5 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 $53,000.00 L6 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 $53,000.00 L7 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 $53,000.00 L8 2034 – 2035 2034 January 31, 2035 $ 66,913.00 MVP3 $53,000.00 L9 2035 – 2036 2035 January 31, 2036 $ 66,913.00 MVP4 $53,000.00 L10 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 $53,000.00 MVP1 2037 – 2038 2037 January 31, 2038 $ 0.00 $53,000.00 MVP2 2038 – 2039 2038 January 31, 2039 $53,000.00 MVP3 2039 – 2040 2039 December 31, 2039 $53,000.00 Subject to Section 4.10, any limitations imposed by this Article VI, and the other terms of this Agreement, Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments Payments to the District in an amount equal to SixtyFifty-Six Thousand, Nine Hundred Thirteen Three Thousand Dollars ($66,913.0053,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 2025 and ending with Tax Year 20352039. Failure Subject to the limitations set forth in this Agreement, failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 50,000.00 QTP2 / L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 50,000.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 50,000.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 50,000.00 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 50,000.00 L5 2027 – 2028 2027 January 31, 2028 $ 66,913.00 50,000.00 L6 2028 – 2029 2028 January 31, 2029 $ 66,913.00 50,000.00 L7 2029 – 2030 2029 January 31, 2030 $ 66,913.00 50,000.00 L8 2030 – 2031 2030 January 31, 2031 $ 66,913.00 50,000.00 L9 2031 – 2032 2031 January 31, 2032 $ 66,913.00 50,000.00 L10 2032 – 2033 2032 January 31, 2033 $ 66,913.00 50,000.00 MVP1 2033 – 2034 2033 January 31, 2034 $ 66,913.00 50,000.00 MVP2 2034 – 2035 2034 January 31, 2035 $ 66,913.00 50,000.00 MVP3 2035 – 2036 2035 January December 31, 2036 2035 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 50,000.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments Payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Fifty Thousand Dollars ($66,913.0050,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 2022 and ending with Tax Year 2035. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: Agreement

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 $74,800 QTP2 / L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 $74,800 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 $74,800 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 $74,800 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 $74,800 L5 2027 – 2028 2027 January 31, 2028 $ 66,913.00 $74,800 L6 2028 – 2029 2028 January 31, 2029 $ 66,913.00 $74,800 L7 2029 – 2030 2029 January 31, 2030 $ 66,913.00 $74,800 L8 2030 – 2031 2030 January 31, 2031 $ 66,913.00 $74,800 L9 2031 – 2032 2031 January 31, 2032 $ 66,913.00 $74,800 L10 2032 – 2033 2032 January 31, 2033 $ 66,913.00 $74,800 MVP1 2033 – 2034 2033 January 31, 2034 $ 66,913.00 $74,800 MVP2 2034 – 2035 2034 January 31, 2035 $ 66,913.00 $74,800 MVP3 2035 – 2036 2035 January December 31, 2036 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 2035 $74,800 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to SixtySeventy-Six Four Thousand, Nine Eight Hundred Thirteen Dollars ($66,913.0074,800) per year for each Tax Year of this Agreement beginning with Tax Year 2021 2022 and ending with Tax Year 2035. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 50,000.00 QTP2/L1 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 50,000.00 L2 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 50,000.00 L3 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 50,000.00 L4 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 50,000.00 L5 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 50,000.00 L6 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 50,000.00 L7 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 50,000.00 L8 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 50,000.00 L9 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 50,000.00 L10 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 50,000.00 MVP1 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 50,000.00 MVP2 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 50,000.00 MVP3 2034 – 2035 2034 January December 31, 2035 2034 $ 66,913.00 MVP3 50,000.00 MVP4 2035 – 2036 2035 January 31, 2036 Not Applicable $ 66,913.00 MVP4 0.00 MVP5 2036 – 2037 2036 January 31, 2037 Not Applicable $ 0.00 MVP5 2037 – 2038 2037 January 31Subject to the terms of this Agreement, 2038 $ 0.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments Payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Fifty Thousand Dollars ($66,913.0050,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 and ending with Tax Year 20352034. Failure Subject to the limitations set forth in this Agreement, failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 Stub (Stub0) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 $56,500.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 $56,500.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 $56,500.00 L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 $56,500.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 $56,500.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 $56,500.00 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 $56,500.00 L5 2027 – 2028 2027 January 31, 2028 $ 66,913.00 $56,500.00 L6 2028 – 2029 2028 January 31, 2029 $ 66,913.00 $56,500.00 L7 2029 – 2030 2029 January 31, 2030 $ 66,913.00 $56,500.00 L8 2030 – 2031 2030 January 31, 2031 $ 66,913.00 $56,500.00 L9 2031 – 2032 2031 January 31, 2032 $ 66,913.00 $56,500.00 L10 2032 – 2033 2032 January 31, 2033 $ 66,913.00 $56,500.00 MVP1 2033 – 2034 2033 January 31, 2034 $ 66,913.00 $56,500.00 MVP2 2034 – 2035 2034 January 31, 2035 $ 66,913.00 $56,500.00 MVP3 2035 – 2036 2035 January December 31, 2036 $ 66,913.00 MVP4 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 2035 $56,500.00 Applicant expressly agrees and warrants that that, subject to Section 4.11, Applicant will be obligated to have made Supplemental payments to the District in an amount equal to SixtyFifty-Six Thousand, Nine Five Hundred Thirteen Dollars ($66,913.0056,500.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 2020 and ending with Tax Year 2035. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 50,000.00 QTP2/L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 50,000.00 L2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 50,000.00 L3 2025 – 2026 2025 January 31, 2026 $ 66,913.00 50,000.00 L4 2026 – 2027 2026 January 31, 2027 $ 66,913.00 50,000.00 L5 2027 – 2028 2027 January 31, 2028 $ 66,913.00 50,000.00 L6 2028 – 2029 2028 January 31, 2029 $ 66,913.00 50,000.00 L7 2029 – 2030 2029 January 31, 2030 $ 66,913.00 50,000.00 L8 2030 – 2031 2030 January 31, 2031 $ 66,913.00 50,000.00 L9 2031 – 2032 2031 January 31, 2032 $ 66,913.00 50,000.00 L10 2032 – 2033 2032 January 31, 2033 $ 66,913.00 50,000.00 MVP1 2033 – 2034 2033 January 31, 2034 $ 66,913.00 50,000.00 MVP2 2034 – 2035 2034 January 31, 2035 $ 66,913.00 50,000.00 MVP3 2035 – 2036 2035 January December 31, 2036 2035 $ 66,913.00 50,000.00 MVP4 2036 – 2037 2036 January 31, 2037 Not Applicable $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 Not Applicable $ 0.00 Subject to the terms of this Agreement, Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Fifty Thousand Dollars ($66,913.0050,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 2022 and ending with Tax Year 2035. Failure Subject to the limitations set forth in this Agreement, failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 $53,000.00 QTP2 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 $53,000.00 L1 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 $53,000.00 L2 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 $53,000.00 L3 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 $53,000.00 L4 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 $53,000.00 L5 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 $53,000.00 L6 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 $53,000.00 L7 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 $53,000.00 L8 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 $53,000.00 L9 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 $53,000.00 L10 2034 – 2035 2034 January 31, 2035 $ 66,913.00 MVP3 $53,000.00 MVP1 2035 – 2036 2035 January 31, 2036 $ 66,913.00 MVP4 $53,000.00 MVP2 2036 – 2037 2036 January 31, 2037 $ 0.00 MVP5 $53,000.00 MVP3 2037 – 2038 2037 January December 31, 2038 $ 0.00 2037 $53,000.00 Subject to Section 4.10, any limitations imposed by this Article VI, and the other terms of this Agreement, Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments Payments to the District in an amount equal to SixtyFifty-Six Thousand, Nine Hundred Thirteen Three Thousand Dollars ($66,913.0053,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 2023 and ending with Tax Year 20352037. Failure Subject to the limitations set forth in this Agreement, failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

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 0 (Stub) 2020 – 2021 2020 January 31, 2021 $ 66,913.00 QTP1 2021 – 2022 2021 January 31, 2022 $ 66,913.00 QTP2 2022 – 2023 2022 January 31, 2023 $ 66,913.00 L1 50,000.00 QTP2 2023 – 2024 2023 January 31, 2024 $ 66,913.00 L2 50,000.00 L1 2024 – 2025 2024 January 31, 2025 $ 66,913.00 L3 50,000.00 L2 2025 – 2026 2025 January 31, 2026 $ 66,913.00 L4 50,000.00 L3 2026 – 2027 2026 January 31, 2027 $ 66,913.00 L5 50,000.00 L4 2027 – 2028 2027 January 31, 2028 $ 66,913.00 L6 50,000.00 L5 2028 – 2029 2028 January 31, 2029 $ 66,913.00 L7 50,000.00 L6 2029 – 2030 2029 January 31, 2030 $ 66,913.00 L8 50,000.00 L7 2030 – 2031 2030 January 31, 2031 $ 66,913.00 L9 50,000.00 L8 2031 – 2032 2031 January 31, 2032 $ 66,913.00 L10 50,000.00 L9 2032 – 2033 2032 January 31, 2033 $ 66,913.00 MVP1 50,000.00 L10 2033 – 2034 2033 January 31, 2034 $ 66,913.00 MVP2 50,000.00 MVP1 2034 – 2035 2034 January 31, 2035 $ 66,913.00 MVP3 50,000.00 MVP2 2035 – 2036 2035 January 31, 2036 $ 66,913.00 MVP4 50,000.00 MVP3 2036 – 2037 2036 January December 31, 2037 2036 $ 0.00 MVP5 2037 – 2038 2037 January 31, 2038 $ 0.00 50,000.00 Applicant expressly agrees and warrants that Applicant will be obligated to have made Supplemental payments to the District in an amount equal to Sixty-Six Thousand, Nine Hundred Thirteen Fifty Thousand Dollars ($66,913.0050,000.00) per year for each Tax Year of this Agreement beginning with Tax Year 2021 2022 and ending with Tax Year 20352036. Failure to make such payments shall be treated as a Material Breach of the Agreement and be subject to the provisions of Article IX, below.

Appears in 1 contract

Samples: Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.