Levy Cap definition

Levy Cap means, for any Distribution, an amount equal to 2.5% of the Total Revenue to a Dealer Member for its participation in that Distribution;

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Levy Cap means, for any Distribution, an amount equal to 2.5% of the Total

Levy Cap means the limitation placed on increases in a municipality’s tax levy cap by P.L. 2010, c. 44 (N.J.S.A. 40A:4-45.44 et seq.).

Examples of Levy Cap in a sentence

• Upon the occurrence of any of such events, the Mill Levy Cap shall be automatically adjusted so that the tax liability of the Leased Premises shall neither increase nor decrease as a result of any changes thereby.

• Notwithstanding any provision herein to the contrary, Tenant shall have no liability or responsibility for payments of assessments to the Special Improvement District and/or the Metropolitan District(s) of a combined mill levy in excess of thirty-five (35) ▇▇▇▇▇ or equivalent ("Mill Levy Cap").

• The Mill Levy Cap shall be subject to adjustment if the laws of the State of Colorado are changed with respect to the assessment of property for taxation purposes, the ratio for determining assessed valuation changes or similar changes occur.

• The Debt Mill Levy Cap of 55.664 m▇▇▇▇ as set forth in the Amended Service Plans does not apply to each Sky Ranch District’s ability to increase its Regional Improvements Mill Levy as necessary for provision of the Regional Improvements.

• Any amounts paid by you in excess of the JICMAIL Levy Cap will be refundable by JICMAIL and we will not be liable to you in respect of any amounts paid by you in excess of the JICMAIL Levy Cap.

• Any amounts paid by you in excess of the JICMAIL Levy Cap will be refundable by ▇▇▇▇▇▇▇ and we will not be liable to you in respect of any amounts paid by you in excess of the JICMAIL Levy Cap.

• Any amounts paid by you in excess of the JICMAIL Levy Cap will be refundable by JICMAIL and we shall not be liable to you in respect of any amounts paid by you in excess of the JICMAIL Levy Cap.

• The Mill Levy Cap shall apply to all parcels included within the District’s boundaries as of the effective date of this Agreement, and to any inclusion property that is added within the District’s boundaries in the future.

• Should the Agreement be extended beyond the Initial Term, yearly cost of services shall be increased by the amount allowable pursuant to N.J.S.A. 40A:4-45.45 (the Tax Levy Cap) over the prior year’s amount.

More Definitions of Levy Cap

Levy Cap means, for any distribution in Canada underwritten by a Dealer Member, an amount equal to 5% of the total compensation to that Dealer Member for its participation in that distribution;