Annual Calculation Date definition
Examples of Annual Calculation Date in a sentence
Purchaser shall deliver the certificate contemplated by the definition of Purchaser’s Beneficial Ownership Percentage promptly after the applicable Annual Calculation Date, and the Company shall promptly determine Purchaser’s Beneficial Ownership Percentage and inform Purchaser of such determination.
If on any Annual Calculation Date the balance of the Reserve Account is greater than the Reserve Requirement, the Bank shall promptly release from the Reserve Account and transfer to the Trustee the amount of such excess.
The Agency shall have until the October 14 next succeeding such Annual Calculation Date to notify ▇▇▇▇ ▇▇ in writing of any objections thereto, reasonably and sufficiently describing the basis for any such objections (a "Dispute Notice").
In each subsequent fiscal year after the Base Year, the Property Tax Transfer Amount will be calculated by the JPA on the Annual Calculation Date pursuant to Section 6 hereof.
The calculation described in Section 6 of this Agreement shall be completed each year on the Annual Calculation Date.