Sales Tax Participation Period definition

Sales Tax Participation Period means a period of 10 years beginning on the Commencement Date;

Sales Tax Participation Period means a period of fifteen (15) years beginning on the Commencement Date.

Sales Tax Participation Period means (and shall be calculated separately as to each Applicable Project) the period beginning on the Commencement Date of the Applicable Project in question and ending on the 15th anniversary of such Commencement Date. Notwithstanding the foregoing, if the retail operations within an Applicable Project ceases due to force majeure (as hereinafter defined), then, in each case, the Sales Tax Participation Period of this Agreement with respect to such Applicable Project shall be automatically extended for a period equal to the period commencing on the date of said force majeure commences (as applicable), through the date of final completion of the reconstruction of said improvements destroyed or put out of service as a result of force majeure and the Village’s payment obligations hereunder shall, with respect to the Sales Tax Revenue arising or accruing during said extended Sales Tax Participation Period, continue for said period.

Examples of Sales Tax Participation Period in a sentence

• The City shall provide such authorization and/or take such additional actions as may reasonably be required to obtain necessary information from the Department to enable the City to determine the amount of Sales Taxes during any portion of the Sales Tax Participation Period.

• Unless sooner terminated by agreement of the parties or otherwise pursuant to the provisions of this Amended Agreement, including but not limited to Sections 6(b) and 6(c), but subject to Section 5, this Amended Agreement shall be effective upon the execution by both parties thereto and shall continue in effect until the Sales Tax Rebates to the Company have reached the Maximum Sales Tax Payment or the expiration of the Sales Tax Participation Period, whichever occurs first.

More Definitions of Sales Tax Participation Period

Sales Tax Participation Period. - means the period of fifteen (15) Sales Tax Years beginning on the Sales Tax Commencement Date unless extended pursuant to the Sales Tax Participation Period Extension.

Sales Tax Participation Period. - means the period of fifteen (15) Sales Tax Years.

Sales Tax Participation Period means the period of fifteen (15) Sales Tax Years beginning on the Sales Tax Commencement Date unless extended pursuant to the Sales Tax Participation Period Extension.

Sales Tax Participation Period means the period of five (5) Sales Tax Years.

Sales Tax Participation Period. – means a period of fifteen (15) years from the Commencement Date, unless extended pursuant to the terms hereof due to one or more Force Majeure Events, or until the total amount of Distributions, exclusive of accrued interest, paid to the Company by the Village equals THREE MILLION TWO HUNDRED THOUSAND DOLLARS ($3,200,000.00) whichever occurs first.