Cumulative Payments definition

Cumulative Payments means for each year of this Agreement the total of all payments, calculated under Articles IV, V and VI of this Agreement for the current Tax Year which are paid by or owed by Applicant to the District, plus payments paid by Applicant to compensate District for loss of revenue under this Agreement.

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Cumulative Payments means for each year of this Agreement the total of all payments, calculated under Articles IV, V and VI of this Agreement for the current Tax Year which are paid by or owed by Applicant to the District, plus all other payments paid by Applicant to compensate District for loss of revenue under this Agreement for the current Tax Year.

Cumulative Payments means for each year of this Agreement the total of all payments calculated and owed under Articles IV, V and VI of this Agreement for the current Tax Year.

Examples of Cumulative Payments in a sentence

• Notwithstanding anything contained in this Agreement to the contrary, in no event shall the Cumulative Payments calculated for a Tax Year of this Agreement during the period from the first Tax Year of the Tax Limitation Period and ending with and including the first Tax Year following the end of the Tax Limitation Period, exceed an amount equal to One Hundred Percent (100%) of the Applicant’s Cumulative Unadjusted Tax Benefit for such Tax Year.

• In the event that the Cumulative Payments for any Tax Year during the Limitation Period of this Agreement shall exceed the Aggregate Limit for that Tax Year, the Cumulative Payments owed for that year shall be limited to the Aggregate Limit for that Tax Year.

• Any of the Cumulative Payments which cannot be paid to the District prior to the end of the first Tax Year following the end of the Tax Limitation Period (i.e. the Tax Year 2032) because such payment would exceed the Applicant’s Cumulative Unadjusted Tax Benefit under this Agreement will be deemed to have been cancelled by operation of law, and the Applicant shall have no further obligation with respect thereto.

• If, for any Tax Year during the Limitation Period of this Agreement the Cumulative Payments owed under Sections IV, V and VI of this Agreement, exceed the limit set forth under Section 7.1 for such Tax Year, the difference between the Applicant’s Supplemental Payment Amount so calculated and the Limit set forth under Section 7.1 for such Tax Year, shall be carried forward from year-to-year until paid to the District.

• Notwithstanding any other provision in this Agreement, in no event shall the Cumulative Payments calculated for a Tax Year of this Agreement during the Tax Limitation Period exceed an amount equal to the Aggregate Limit for such Tax Year.

More Definitions of Cumulative Payments

Cumulative Payments means for each year of this Agreement the total of all payments, calculated under Articles IV, V and VI of this Agreement for the current Tax Year which are paid by

Cumulative Payments means, for any Tax Year, the sum of the maintenance and operations ad valorem taxes paid by the Applicant to the District for such Tax Year and all previous Tax Years during the term of this Agreement, plus the sum of all payments otherwise due from the Applicant to the District under Articles IV, V, and VI of this Agreement with respect to such Tax Year and all previous Tax Years during the term of this Agreement.

Cumulative Payments means, at any time of determination, the aggregate Product Payments made by Reata pursuant to this Agreement through and including such time.

Cumulative Payments column shall include all payments made to the subconsultant including the “Payments this Period” amount. Vendor # Subconsultant’s Name NIGP Code Description of Work Performed Payments this Period Cumulative Payments

Cumulative Payments means the sum of (x) payments in respect of Cumulative Product and Trim Purchases and (y) Make-Whole Payments as of the relevant date of determination.

Cumulative Payments means the total Licensed Software Right To Use ("RTU") fees committed and paid for through a specific scheduled date.

Cumulative Payments means the sum of all Installments paid to the Employee under this Agreement as of the Termination Date.