Examples of MTC Area in a sentence
Spotsylvania will retain its sole right to limit the amount of utilities provided through the MTC Area Infrastructure to the MTC Area and conditions of connection through the Spotsylvania WSA or its service agreements with the other owners or occupants of the MTC Area and is under no obligation to extend services or service capacity beyond the MTC Area; provided, however, Spotsylvania commits to providing Water Utilities serving up to at least eleven (11) Data Centers in the MTC Area during the Term.
Any and all connections to the MTC Area Infrastructure must, at the point of connection, meet any and all requirements and conditions of Spotsylvania as determined by Spotsylvania in its sole discretion.
The Counties will request that the Commissioner of Revenue and Treasurer of each County provide the Project Accountant semi-annual reports by January 31 and July 31 reporting all Local Taxes allocable to the MTC Area and paid during the preceding six month period (July 1-December 31 and January 1-June 30).
Any infrastructure located in the MTC Area related to, or connecting to, the MTC Area Infrastructure will be undertaken, and the related costs borne, by ADS and will not be undertaken, and the costs will not be borne, by either County.
The Counties may not assign their rights and obligations under this Agreement without the written consent of the other party, provided that such provision shall not restrict the ability of the Counties to pledge the full faith and credit or the revenues of any revenue-generating operation to bonds or other obligations of the respective County which may include revenues or taxes related to the MTC Area; provided, however, that any such pledge shall not reduce the amounts to be paid under this Agreement.
The Counties agree that the revenue sharing set forth in Section III shall be calculated by the Finance staff for each of the Counties in which each parcel included in the MTC Area resides using tax revenue information provided by the Counties’ Commissioners of Revenue, the Counties’ Treasurers, or the taxpayer(s) directly.
In exchange for this commitment, Xxxxxxxx will not provide any Water Utilities to the MTC Area and Xxxxxxxx will not allow the connection of any Water Utilities to the MTC Area except as provided by Spotsylvania, as set forth herein.
The Finance Department of Spotsylvania shall serve as project accountant (the “Project Accountant”) for purposes of the revenue sharing in the MTC Area.
Xxxxxxxx further agrees that should it create any authority or other separate entity to provide any Water Utilities to Caroline County, Xxxxxxxx will, in its act to create said authority or other separate entity, including, but not limited to, in any legislation and in governing documents, include the limitation set forth herein to limit the authority or other separate entity from providing Water Utilities to the MTC Area for the entirety of the Term.
Notwithstanding the foregoing, after eleven (11) Data Centers are built on the MTC Area, and should Spotsylvania specifically confirm in writing to Xxxxxxxx that it will not provide any Water Utilities to any additional Data Centers within the MTC Area beyond eleven (11), then Xxxxxxxx xxx provide or allow the provision of any Water Utility Services not provided by Spotsylvania only to those additional Data Centers beyond the first eleven (11) Data Centers constructed on the MTC Area in Caroline County.