Examples of Permitted Sign Payment Commencement Date in a sentence
The Term of this Agreement shall commence on the Commencement Date and shall expire thirty (30) years from the Permitted Sign Payment Commencement Date, unless this Agreement is terminated, modified, or extended pursuant to the provisions of this Agreement or the mutual consent of the parties hereto.
Commencing on the Permitted Sign Payment Commencement Date and continuing on the anniversary of the Permitted Sign Payment Commencement Date for the remainder of the Term, Owner shall owe to the City the Public Benefit Payment (as set forth in Section 4.1.1.1 below, subject to the Annual Adjustment, and less any credits per Section 4.1.1.3).
The Public Benefit Payment shall increase annually by $34,285.71 per year after the Permitted Sign Payment Commencement Date until it reaches $2,240,000.00 in Year 8 at which point it shall increase annually 3% all as reflected in Section 4.1.1.1 above.