Base year amount definition

Base year amount means the amount of hotel-associated revenue collected in a project financing zone during the calendar year in which a municipality designates the zone.

Base year amount means the actual amount expended from a county’s services fund during the base year for the services and supports contained in the code set for the class of persons eligible for the Iowa health and wellness plan under chapter 249N.

Base year amount means the amount of

Examples of Base year amount in a sentence

• The foregoing stipulated amounts of the Operating Expenses of the Base Year, the Non-Tax Expense Base Year Amount and the Tax Expense Base Year Amount, shall be deemed to be final and not subject to adjustment under any circumstances and without regard to the validity or enforceability of the tax abatement agreement which has been obtained by Tenant prior to the date hereof.

• For so long as the Premises are subject to the tax abatement obtained by Tenant pursuant to Special Stipulation 30 of the Lease, the provisions of the Lease with regard to Operating Expenses shall be applied separately with respect to Non-Tax Operating Expenses and Taxes, utilizing the Non-Tax Expense Base Year Amount and the Tax Expense Base Year Amount, respectively.

• Subject to the limitations contained in Special Stipulation 6 of the Lease (as restated in this Fifth Amendment), Tenant agrees that it shall pay as additional rent pursuant to Section 8 of the Lease the amount by which (if any) the Taxes in any calendar year exceed the Tax Expense Base Year Amount.

• If Landlord's Operating Expenses are increased in any calendar year pursuant to the provisions of this paragraph, Tenant's Operating Expenses Payment shall be determined by increasing the Base Year Amount to reflect the amount of Landlord's Operating Expenses which Landlord reasonably estimates would have been incurred during the year 1994 had the Building been ninety-five percent (95%) occupied, on average, throughout the year.

• In the event Landlord's Operating Expenses, as defined below, shall in any calendar year exceed Landlord's Operating Expenses for calendar year 1997 ("Base Year Amount"), Tenant shall, and hereby agrees to, pay as Additional Rent, Tenant's pro rata share of such excess ("Tenant's Operating Expense Payment").

More Definitions of Base year amount

Base year amount means, in the Base Year, (x) $8,176,500, if the EBITDA of the Company for the EBITDA Period (as defined in the Merger Agreement) as determined in accordance with the Merger Agreement is equal to or greater than $7,900,000 but less than $8,150,000, or (y) $8,435,200, if the EBITDA of the Company for the EBITDA Period as determined in accordance with the Merger Agreement is equal to or greater than $8,150,000; (ii) “Base Year” means the twelve month period which commences on the first day of the calendar quarter in which occurs the Effective Time; (iii) “Applicable Year” means the Base Year or any subsequent twelve month period (each such period commencing with the calendar quarter in which an anniversary of the Effective Time occurs) during the Term, as applicable; (iv) “Subsequent Year Amount” means the Base Year Amount plus a compound annual growth rate of 3.5% for each Applicable Year (other than the Base Year), based upon the number of consecutive twelve month periods elapsed since the start of the Base Year; and (v) “Yearly EBITDA Requirement” means, with respect to the Base Year, the Base Year Amount, and with respect to any other Applicable Year, the Subsequent Year Amount with respect to such Applicable Year.

Base year amount means the actual amount expended from a county’s services fund during the base year for the services and supports contained in the code set for the class of persons

Base year amount means (i) for a county, fifteen percent of its total local tax revenues collected

Base year amount means the amount of state tax revenue collected

Base year amount means, in relation to a medical laboratory, the amount calculated in accordance with section 22.5;

Base year amount means the greater of (a) the 1994/95 Prince George's County Fiscal Year Taxes for the Building and the Land, and (b) the product of ninety-seven cents ($.97) multiplied by the total number of rentable square feet in the Building (including the Demised Premises). Notwithstanding the actual Building Taxes, the cumulative tax increase Tenant shall pay as Tax Rent shall not exceed thirty percent (30%) of the Base Year Amount for the years 1995/96, 1996/97 or 1997/98. By way of example only, in the event that the Base Year Amount were equal to One Dollar ($1.00) per rentable square foot of the Building, and the actual Building Taxes for years 1995/96 were One and 15/100ths Dollars ($1.15) per rentable square foot of the Building, the actual Building Taxes for years 1996/97 were One and 33/100ths Dollars ($1.33) per rentable square foot of the Building, and the actual Building Taxes for years 1997/98 were One and 40/100ths Dollars ($1.40) per rentable square foot of the Building, then, in year 1995/96, Tenant's Tax Rent would be equal to the product of fifteen cents ($.15) multiplied by the number of rentable square feet in the Demised Premises, in year 1996/97, Tenant's Tax Rent would be equal to the product of thirty cents ($.30) multiplied by the number of rentable square feet in the Demised Premises, and in year 1997/98, Tenant's Tax Rent would be equal to the product of thirty cents ($.30) multiplied by the number of rentable square feet in the Demised Premises.

Base year amount means the actual Operating Expenses during the Base Year specified in the Basic Lease Information less any portion thereof resulting from any utility rate increases occurring after the Commencement Date of the Lease and prior to the end of the Base Year. During the periods when the Building is not fully occupied, Landlord shall reasonably adjust Operating Expenses to reflect the costs that would normally have been incurred had the Building been fully occupied for the entire period and the Building had been fully assessed for property tax purposes. The Building shall be considered fully occupied when occupancy reaches Ninety-five percent (95%). If during any Operating Year the tenant of any space in the Building performs work or services therein pursuant to a written agreement between Landlord and such tenant in lieu of having Landlord perform the same and the cost thereof would have been included in the Landlord's Operating Expenses, then in any such event(s), at Landlord's option, the Operating Expenses for such Operating Year shall be adjusted to reflect the Operating Expenses that would have been incurred if Landlord had performed such work or services, as the case may be.