Cultivation definition
Examples of Cultivation in a sentence
Within thirty (30) calendar days following the end of each quarterly period during the Term of this Agreement, Owner shall submit the Certified Report to the City’s Finance Director and a payment for the Production and Manufacturing, Cultivation and Distribution Fees for that Operational Period as identified in the Certified Report.
Accounting of the amount of Cultivation Taxes owed to the City shall be prepared in accordance with customary and reasonable accounting practices approved by the City.
Cultivation requires the tenant to regularly dig or mulch, or prune and weed 75% of the plot.
After this time, the schedule of the Cultivation Taxes payment shall return to the biennial schedule of being paid on or before December 31 and June 30 of every year.
Notwithstanding the foregoing, as an accommodation to the city, commencing one year after the issuance of the first certificate of occupancy for the first building of the project (the Cultivation Taxes having been paid biennially during the first year of operation of the project), for the next five (5) years of operation, owner shall pay the Cultivation Taxes every ninety (90) days.