Grant Payment(s) definition

Grant Payment(s) means the periodic payments of a percentage of Available Sales Taxes as provided herein.

Grant Payment(s) means City’s payments to New Home Builders under this program.

Grant Payment(s) means the amount of MVIP funding provided to a Successful Applicant, based on the value of receipts for up to 35 per cent of eligible expenditures incurred in the Project Period, up to the applicant’s Maximum Available Grant.

Examples of Grant Payment(s) in a sentence

• The City may deduct from any Grant Payments due to the Developer, as an offset, any delinquent and unpaid fees, sums of money or other fees, charges or taxes assessed and owed to or for the benefit of the City.

• As consideration for the Grant Payments, the Developer has consented to and requested, and the Parties agree, that the City’s architectural standards contained in the zoning ordinance and in other City ordinances, all as subsequently amended, to apply to the Property, and voluntarily agrees to burden the Property with their applicability, despite Texas Government Code Chapter 3000, effective September 1, 2019, as it presently exists or may be subsequently amended.

• The Grant Payments made, and any other financial obligation of the City and CEDC hereunder shall be paid solely from lawfully available funds that are generated from the construction of the Project and that have been budgeted and appropriated each fiscal year (October 1 — September 30) of the City and CEDC during the Term of this Agreement.

• The City and the CEDC will be entitled to record a lien against the Property to secure the full amounts of any Grant Payments which Developer is required to reimburse if reimbursement is not timely made, provided such lien shall be subordinate to any purchase money liens.

• Xxxxx Funds / Maximum Reimbursement: $340,524.80 (79.99%) Grantee Match Participation: $85,181.60 (20.01%) Total Project Cost: $425,706.40 Grant Payments / Reimbursements: Grant funds are awarded by the State and paid on a reimbursement basis, and only for reasonable and necessary project expenses incurred carrying out the Project described in this Agreement and included as line items in the “Project Budget” in Attachment A and only up to the maximum reimbursement amount.

More Definitions of Grant Payment(s)

Grant Payment(s) means the City’s payments to Company once per calendar year for three years in amounts equal to percentages of the Additional Property Taxes generated from the Land as shown in the table under Section 4.02.

Grant Payment(s) means the incremental payments of the Grant from the Authority to Accelr8 pursuant to Milestone Grant Payments in accordance with the achievement of Milestones;

Grant Payment(s) mean payments to Raytheon under the terms of this Agreement computed with reference to ad valorem taxes received by City for the Property Valuation Increment and payable, if at all, as the Improvement/BPP Grant.

Grant Payment(s) means the City’s rebate payments hereunder in the amount of the annually reducing percentage of the Increased Taxes for the years during the term of this Agreement as set out below, provided that for purposes of the Grant Payments hereunder, the maximum amount of Increased Taxes for any year during the term is an amount based on $800,000 in increased assessed value. For the following calendar years during the term of this Agreement the percentages of the Increased Taxes that will constitute Grant Payments are: 2012 50% 2013 50% 2014 50% For example, if (a) the assessed value of the Site and Facility for the baseline year 2011 is $100,000, and the City’s ad valorem tax rate is $0.80/100, resulting in Baseline Taxes of $800, and (b) the assessed value of the Site and Facility for calendar year 2013 is $700,000, resulting in Real Property Taxes (assuming the same rate) of $5,600 for 2013, then (c) the Increased Taxes are $5,600 - $800 = $4,800, and (d) the Grant Payment will be 80% of that amount, or $3,840. However, if the assessed value for 2013 is $1,000,000, which is $900,000 more than the $100,000 assessment in the baseline year, then only the maximum $800,000 of increased assessed value will be used to calculate the Increased Taxes, so (assuming the same rate) the Grant Payment would be 80% of ($6,400 - $800 = )$5,600, or $4,480. As an additional example, with that same assessed value of $1,000,000 and the same tax rate in the year 2014 (instead of 2012), only 60% of the Increased Taxes would be paid as the Grant Payment ($5,600 x 60% =) $3,360.

Grant Payment(s) means the periodic payments made by the BCDC to Academy to reimburse Sales Tax Revenue received by the BCDC from the Project as provided herein.

Grant Payment(s) means the proceeds paid to the Company pursuant to this Agreement.

Grant Payment(s) means the periodic payments to Schoolhouse based on the achievement of certain qualifications related to full-time employees.