Annual Service Charge. In consideration of the exemption from taxation for the Improvements, including the Units, the Urban Renewal Entity shall pay the Annual Service Charge to the City on the Annual Service Charge Payment Dates in the amounts set forth below.
Annual Service Charge. Section 4.01 Payment of Conventional Taxes Prior to Commencement of Annual Service Charge. During the period between execution of this Agreement and the Substantial Completion of the Project, the Urban Renewal Entity shall make payment of conventional real estate taxes with respect to the Land and the improvements currently existing thereon, at the time and to the extent due in accordance with generally applicable law.
Annual Service Charge. There is a $1 annual service fee for utilizing the University of Oregon Campus Cash program. This charge will be applied to your Campus Cash account within 30 days of your first deposit.
Annual Service Charge. (a) In consideration of the Township granting the Entity the tax exemption set forth in Section 4.1 of this Agreement, the Entity shall make payment to the Township for municipal services, as provided in the Law, by payment to the Township of the Annual Service Charge pursuant to the schedule set forth in Section 4.2(d) below.
Annual Service Charge. In consideration of the exemption from taxation for the Improvements, including the Units, each Owner shall pay to the Township, as of the Annual Service Charge Start Date for any Unit the Annual Service Charge calculated in accordance with Schedule 1 hereto on each Annual Service Charge Payment Date. In the event that an Owner fails to timely pay any installment of the Annual Service Charge, the amount past due shall bear the highest rate of interest permitted under applicable State law in the case of unpaid taxes or tax liens until paid.
Annual Service Charge. In consideration of the exemption from taxation for the Improvements and Land, during the Exemption Term, the Entity shall pay to the Township an Annual Service Charge calculated as the greater of the AGR Calculation, the XXX Calculation or the Total Pledged and Unpledged Calculation, as follows:
Annual Service Charge. The Annual Gross Revenue shall be calculated as set forth within N.J.S.A. 40A:20-3(a) and shall include the total of all revenues that would normally be payable to a landlord in the case where the landlord is responsible to pay all costs of operations and maintenance as well as to pay the full cost of the capital required to construct the Project. To the extent that the actual revenues collected by the Entity are less than such amount, due to any reason including, without limitation, the payment of expenses by tenants that would normally be paid by the landlord, such as insurance, taxes or maintenance or the existence of an intermediate entity between the Entity and any tenant, but specifically excluding reductions in revenue due to vacancies within the Project, the Borough shall have the right, at its sole discretion, to recalculate the amount that the revenues would have been without such issues and to utilize the results of its recalculations in all determinations of Annual Service Charges. In consideration of the tax exemption granted under this Agreement, the Entity shall pay to the Borough of the following Annual Service Charges, which have been determined in accordance with the staging requirements set forth in N.J.S.A. 40A:20-12(b):
Annual Service Charge. The total annual amount that the Entity has agreed to pay for services supplied to the Project, which sum is in lieu of any taxes on the Improvements pursuant to the Exemption Law.
Annual Service Charge. In consideration of the Borough granting the Entity the exemption set forth in Section 4.1 hereof, during the Exemption Term, the Entity shall pay an Annual Service Charge equal to 10.5% of Annual Gross Revenue.
Annual Service Charge. (also referred to as the “ASC”) – The total annual amount that the Redeveloper has agreed to pay the Township for municipal services supplied to the Project, which sum is in lieu of any taxes on the Improvements pursuant to the Exemption Law, which amount shall be prorated in the year in which the ASC Commencement Date occurs and the year in which the Annual Service Charge terminates. The Annual Service Charge shall be calculated pursuant to Article IV hereof.
