Sales Tax Participation Period definition

Sales Tax Participation Period means a period of 10 years beginning on the Commencement Date;
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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.
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Sales Tax Participation Period means a period of fifteen (15) years beginning on the Commencement Date.
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Examples of Sales Tax Participation Period in a sentence

  • Unless earlier terminated pursuant to Section 14, the term of this Agreement shall commence on the date of execution and end on date of payment to the Developer of the Sales Tax Rebate (if any) due the Developer based upon Sales Tax Revenues received by the Village through the end of the Sales Tax Participation Period.

  • For each Sales Tax Year during the Sales Tax Participation Period, the City shall make quarterly Sales Tax Rebates.

  • In the event that the termination, suspension or reduction of the percentage of Sales Tax is temporary and is in effect for less than five (5) years, the Sales Tax Participation Period shall be extended only for the corresponding number of years that the Sales Tax is terminated, suspended or reduced.

  • 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.

  • The foregoing, however, shall not relieve the City from its obligation to make Sales Tax Rebates from the City’s Share of Sales Taxes received by the City after expiration of the Sales Tax Participation Period, subject to the limitations of this Amended Agreement, to the extent that such City’s Share of sales taxes receipts were generated from Project sales during 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 twenty (20) Sales Tax Years beginning on the Sales Tax Commencement Date unless extended pursuant to the Sales Tax Participation Period Extension.
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Sales Tax Participation Period means the period of fifteen (15) Sales Tax Years.
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Sales Tax Participation Period means the period of five (5) Sales Tax Years.
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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.
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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.
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Related to Sales Tax Participation Period

  • Participation Period has the meaning set forth in Section 4.2 hereof.

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Allocation Period means the period (a) commencing on the date hereof or, for any Allocation Period other than such first Allocation Period, the day following the end of a prior Allocation Period and (b) ending (A) on the last day of each Fiscal Year, (B) on the day preceding any day in which an adjustment to the Book Value of the C.V.’s properties pursuant to clause (b)(i), (ii), (iii) or (v) of the definition of Book Value occurs, (C) immediately after any day in which an adjustment to the Book Value of the C.V.’s properties pursuant to clause (b)(iv) of the definition of Book Value occurs, or (D) on any other date determined by the Managing Partner.

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date and, in the case of any Straddle Period, the portion of such Tax Period beginning on the day after the Distribution Date.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Pre-Distribution Period means any Taxable period (or portion thereof) ending on or before the Distribution Date.

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Tax Limitation Period means the Tax Years for which the Applicant’s Qualified Property is subject to the Tax Limitation Amount and as further identified in Section 2.3.D of this Agreement.

  • Participation Amount as defined in Section 3.4(b).

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Swing Line Participation Amount as defined in Section 2.7.

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.