Common use of Triggering Certification Clause in Contracts

Triggering Certification. The Company agrees to provide written notification (the “Triggering Certification”) to the City of its intent for the Payments (as hereinafter defined) to commence in a particular fiscal year. Such Triggering Certification shall be due by no later than October 1 of the calendar year immediately preceding the start of the fiscal year in which the Payments are intended to begin. In any event, the Triggering Certification shall be made by no later than October 1, 2025. (It is hereby acknowledged that the City’s fiscal years begin on July

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

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Triggering Certification. The Company agrees to provide written notification (the “Triggering Certification”) to the City of its intent for the Payments (as hereinafter defined) to commence in a particular fiscal year. Such Triggering Certification shall be due by no later than October 1 of the calendar year immediately preceding the start of the fiscal year in which the Payments are intended to begin. In any event, the Triggering Certification shall be made by no later than October 1, 20252024. (It is hereby acknowledged that the City’s fiscal years begin on July

Appears in 1 contract

Samples: Development Agreement

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Triggering Certification. The Company agrees to provide written notification (the “Triggering Certification”) to the City of its intent for the Payments (as hereinafter defined) to commence in a particular fiscal year. Such Triggering Certification shall be due by no later than October 1 of the calendar year immediately preceding the start of the fiscal year in which the Payments are intended to begin. In any event, the Triggering Certification shall be made by no later than October 1, 2025. (It is hereby acknowledged that the City’s fiscal years begin on JulyJuly 1 and end on the following June 30.) In submitting each such Company’s Triggering Certification, the Company will complete and submit the worksheet attached hereto as Exhibit C.

Appears in 1 contract

Samples: Development Agreement

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