APPORTIONMENT FORMULA Sample Clauses

APPORTIONMENT FORMULA. For purposes of the foregoing apportionments and adjustments, the following procedures shall govern with respect to each Property:
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APPORTIONMENT FORMULA. Section A. All costs of the Department for police services, including, without limitation, employee payroll and benefits and vehicle and headquarter operating expenses, shall be apportioned to each Participating Municipality using a Police Protection Unit (“Unit”) basis. Each Charter Municipality will commit to purchase Units of service annually. Exhibit A attached to this Agreement reflects the total number of Units by Charter Municipality to be purchased in 2024. Since one or more Charter Municipalities may be a party to an agreement to provide police services to a third party and this obligation shall be assumed by the Commission, each Charter Municipality will identify the Units being purchased to fulfill a third-party agreement for police services and provide to the Commission a copy of the third-party agreement. The number of Units of service will determine the Charter Municipality’s funding assessment. One Unit is the equivalent of ten hours of police service per week for fifty-two weeks per year. The definition and value of Units shall be subject to review and redefinition annually by the Commission. Contracting Municipalities, if any, shall not be apportioned to a funding assessment based upon Units and expenses, but shall pay a fee per negotiated contract.
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APPORTIONMENT FORMULA. Section A. All costs of the Department for fire services, including, without limitation, employee payroll and benefits and vehicle and headquarter operating expenses, shall be apportioned to each Participating Municipality. From the date of commencement of this Agreement through December 31, 201 , Spring Garden shall fund and pay for 45% and Springettsbury 55% of all costs of the Department for fire services. Thereafter the annual proportionate share of Spring Garden and Springettsbury shall be based on the average of the prior 5 fiscal years call history and allocation. The proportionate share of Spring Garden and Springettsbury shall either increase or decrease on an annual basis based on the average call history and allocation as set forth above with no more than five additional percentage points being added to or subtracted from either party in any given year. In the event an additional Municipality is added to this agreement, the apportionment reallocation set forth herein shall be applicable to the costs attributed to Spring Garden and Springettsbury. Upon the joining of additional municipalities, the Charter Municipalities shall be required to agree upon the apportionment formula applicable to said joinder party. Contracting Municipalities, if any, shall not be apportioned to a funding assessment, but shall pay a fee per negotiated contract.
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APPORTIONMENT FORMULA. Annual assessed contributions for participants shall be determined by the Commission based on the total net cost for providing police services pursuant to the apportionment formula set forth in this Section B.
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APPORTIONMENT FORMULA. The apportionment of the annual property tax revenue collected, beginning in FY2020-21 shall be calculated using the following formula. It is based on the first-year (Tax year 2020 and City fiscal year 2020- 21) voter-approved M&O ad valorem rate of $0.4209 per $100 of taxable valuation, with $0.0875 dedicated to Project Connect. All future property tax revenue shall be apportioned using this formula until use of the formula is superseded by subsequent amendment to this agreement (see 4C for amendment process) or the dissolution of ATP (consistent with the Contract with the Voters). City Share of Maintenance and Operations Property Tax Revenue = 0.3334/0.4209 = 79.211% Austin Transit Partnership Share of Maintenance and Operations Property Tax Revenue = 0.0875/0.4209 = 20.789% C: Allowances The City currently has three approved Tax Increment Reinvestment Zones (TIRZ), the Xxxxxxx, Xxxxxx Creek, and Xxxxxxx TIRZs, to which 100% of the incremental property tax revenue collected within the TIRZ boundaries is currently allocated, and one Homestead Preservation Zone (HPZ), to which 20% of the incremental property tax revenue collected within the HPZ boundaries is currently allocated. Tax revenue required for each TIRZ and HPZ shall first be deducted from the total tax property tax revenue received by the City, prior to the proportional (based on share of the tax rate) disbursement of the revenue to the General Fund (M&O), Project Connect Fund (M&O) and debt service. Prior to the amendment of an existing TIRZ, or approval of any future TIRZ or HPZ, the City shall require the consent of ATP as to whether the ATP share of Prop A property tax revenue can be included in the capture rate of the TIRZ or HPZ. In addition, the City has four economic incentive agreements (Chapter “380”) in which the City has agreed to rebate all or some of the property tax paid back to the partner corporation. The corporation, terms of the agreement, and expiry dates of the agreements are included in the following table: Corporation Reimbursement Calculation Expiry Samsung In years 1-10, 100% of tax on new equipment and machinery purchased and real property improvements made after 1/1/2006 for the 300 mm Fab; in years 11-20, 75% of taxes on same. 12/31/2027 Domain 25% of City's incremental property tax, based on 5/1/2003 property valuation of $235,228 per acre. Baseline value is $12,504,720. 12/31/2028 Apple 100% of the City's incremental property tax on improvements and on business pers...
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APPORTIONMENT FORMULA. SECTION A. All costs for the Department shall be apportioned on an equitable basis in accordance with determinations arrived at by the PMRPC. Apportionment formulas shall be reviewed annually by the Participants.
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APPORTIONMENT FORMULA. For purposes of the foregoing apportionments and adjustments, the following procedures shall govern with respect to the Property:
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Related to APPORTIONMENT FORMULA

  • Apportionment Taxes and all other periodic realty costs, if any, shall be apportioned pro rata as of the Closing Date. All taxes shall be considered to be on a calendar year basis, with the exception of school taxes, which will be pro-rated on a fiscal year basis. Seller will pay for all days up to and including the Closing Date, and Purchaser will pay for all days following the Closing Date.

  • Apportionment of Payments Aggregate principal and interest payments in respect of Term Loans and Revolving Loans shall be apportioned among all outstanding Loans to which such payments relate, in each case proportionately to Lenders' respective Pro Rata Shares. Administrative Agent shall promptly distribute to each Lender, at its primary address set forth below its name on the appropriate signature page hereof or at such other address as such Lender may request, its Pro Rata Share of all such payments received by Administrative Agent and the commitment fees of such Lender when received by Administrative Agent pursuant to subsection 2.3. Notwithstanding the foregoing provisions of this subsection 2.4C(iii), if, pursuant to the provisions of subsection 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if any Affected Lender makes Base Rate Loans in lieu of its Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent shall give effect thereto in apportioning payments received thereafter.

  • Apportionments 12.01. The following apportionments shall be made between the parties at the Closing as of the close of business on the day prior to the Closing Date:

  • Calculation Each of the foregoing ratios and financial requirements shall be calculated as of the last day of each Fiscal Quarter.

  • Allocation of Profit or Loss All Profit or Loss shall be allocated to the Member.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Apportionment and Application (i) So long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, all principal and interest payments received by Agent shall be apportioned ratably among the Lenders (according to the unpaid principal balance of the Obligations to which such payments relate held by each Lender) and all payments of fees and expenses received by Agent (other than fees or expenses that are for Agent’s separate account or for the separate account of Issuing Bank) shall be apportioned ratably among the Lenders having a Pro Rata Share of the type of Commitment or Obligation to which a particular fee or expense relates. Subject to Section 2.4(b)(iv), Section 2.4(d)(ii), and Section 2.4(e), all payments to be made hereunder by Borrowers shall be remitted to Agent and all such payments, and all proceeds of Collateral received by Agent, shall be applied, so long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, to reduce the balance of the Revolving Loans outstanding and, thereafter, to Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable law.

  • Allocation of Direct Expenses The parties acknowledge that the Building is a part of a multi-building project and that the costs and expenses incurred in connection with the Project (i.e., the Direct Expenses) should be shared between the Building and the other buildings in the Project. Accordingly, as set forth in Section 4.2 above, Direct Expenses (which consist of Operating Expenses and Tax Expenses) are determined annually for the Project as a whole, and a portion of the Direct Expenses, which portion shall be determined by Landlord on an equitable basis, shall be allocated to the Building (as opposed to other buildings in the Project). Such portion of Direct Expenses allocated to the Building shall include all Direct Expenses attributable solely to the Building and a pro rata portion of the Direct Expenses attributable to the Project as a whole, and shall not include Direct Expenses attributable solely to other buildings in the Project.

  • Allocation Method The Plan Administrator will allocate a Plan-Designated QNEC using the following method (Choose one of a., b., c., or d.):

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority:

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