SUPPLEMENTAL PAYMENT AMOUNT Sample Clauses

SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement beginning with the Tax Year 2018, which is the Tax Year that includes the date on which the Qualifying Time Period commences under this Agreement as provided in Section 2.3.C.i,, the Applicant’s Supplemental Payment Amount will annually be paid based on the following schedule Date of Payment Amount of Payment January 31, 2019 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2020 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2021 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2022 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2023 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2024 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2025 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2026 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2027 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2028 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2029 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2030 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2031 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2032 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2033 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year.
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SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement beginning with the Tax Year 2018, which is the Tax Year that includes the date on which the Qualifying Time Period commences under this Agreement as provided in Section 2.3.C.i,, the Applicant’s Supplemental Payment Amount will annually be paid based on the following schedule‌ Date of Payment Amount of Payment January 31, 2019 Equal to the Annual Limit January 31, 2020 Equal to the Annual Limit January 31, 2021 Equal to the Annual Limit January 31, 2022 Equal to the Annual Limit January 31, 2023 Equal to the Annual Limit January 31, 2024 Equal to the Annual Limit January 31, 2025 Equal to the Annual Limit January 31, 2026 Equal to the Annual Limit January 31, 2027 Equal to the Annual Limit January 31, 2028 Equal to the Annual Limit January 31, 2029 Equal to the Annual Limit January 31, 2030 Equal to the Annual Limit January 31, 2031 Equal to the Annual Limit January 31, 2032 Equal to the Annual Limit January 31, 2033 Equal to the Annual Limit
Sample 1
SUPPLEMENTAL PAYMENT AMOUNT. In consideration of your continued employment with the Company, the Company will pay to you, in the event that there occurs a Triggering Event described in Paragraph 4, a one-time supplemental payment in an amount equal to the product obtained by multiplying (A) $120,000 (the “Base Amount”), by (B) the Adjustment Factor. For this purpose, the Adjustment Factor is the fraction attained by dividing (i) the number of full calendar weeks between August 1, 2012 and the date on which a Triggering Event described in Paragraph 4 is first attained, by (ii) fifty-two (52). Notwithstanding anything to the contrary contained herein, in no event shall the supplemental payment contemplated by this Section 3 exceed $50,000. August 1, 2012
Sample 1
SUPPLEMENTAL PAYMENT AMOUNT. SUBJECT TO ANNUAL LIMIT. On or before January 31, 2027 (the payment due date for Tax Year 2026) and continuing thereafter on or before the January 31 of each year for the maximum period permitted under Section 313.027(i) of the TEXAS TAX CODE, except that Applicant agrees to make its final Supplemental Payment for tax year 2040 on or before December 31, 2040, the Applicant shall make a Supplemental Payment to District in an amount equal to the Annual Limit.
Sample 1
SUPPLEMENTAL PAYMENT AMOUNT. Applicant shall pay to the District the Supplemental Payments set forth on the following schedule on the payment due dates shown on the following schedule. TAX YEAR PAYMENT DUE DATE AMOUNT OF ANNUAL PAYMENT 2025 January 31, 2025 $$1,474,400 2026 January 31, 2026 $1,474,400 2027 January 31, 2027 $1,474,400 2028 January 31, 2028 $1,474,400 2029 January 31, 2029 $1,474,400 2030 January 31, 2030 $1,474,400 2031 January 31, 2031 $1,474,400 2032 January 31, 2032 $1,474,400 2033 January 31, 2033 $1,474,400 2034 January 31, 2034 $1,474,400 2035 January 31, 2035 $1,474,400 2036 January 31, 2036 $1,474,400 2037 January 31, 2037 $1,474,400 2038 January 31, 2038 $1,474,400 2039 January 31, 2039 $1,474,400 2040 December 31, 2040 $1,474,400 Adherence to Statutory Limits on Supplemental Payments. It is the express intent of the Parties that any Supplemental Payments made to or on behalf of the District by the Applicant under this Article VI shall not exceed the limit imposed by the provisions of Texas Tax Code §313.027(i), as such limit is allowed to be increased by the Legislature for any future year of this Agreement. Notwithstanding the foregoing, or anything to the contrary contained in this Agreement (including, but not limited to, Article VII) if the Applicant notifies the District in writing that it will not commence construction of the Applicant’s Qualified Investment, then the Applicant shall have no obligation to pay any Supplemental Payment otherwise due for any tax year commencing after the date the Applicant provides such written notification to the District.
Sample 1

Related to SUPPLEMENTAL PAYMENT AMOUNT

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Principal Payment Date Any unpaid principal of this promissory note (this "Demand Note") shall be paid on the Demand Date.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Amortization Payments The Company shall make three payments (each an “Amortization Payment”) as follows: on the six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the Equity Conditions provided in Section 2(d), below.

  • Interest Amount Unless otherwise specified in Paragraph 13 and subject to Paragraph 4(a), in lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Posted Collateral in the form of Cash (all of which may be retained by the Secured Party), the Secured Party will Transfer to the Pledgor at the times specified in Paragraph 13 the Interest Amount to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed to be a Valuation Date for this purpose). The Interest Amount or portion thereof not Transferred pursuant to this Paragraph will constitute Posted Collateral in the form of Cash and will be subject to the security interest granted under Paragraph 2.

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

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