Common use of CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT Clause in Contracts

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Sections 5.1 and 5.2, the amount to be paid by the Applicant to compensate the District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year during the term of this Agreement (the "M&O Amount") shall be determined in compliance with the Applicable School Finance Law in effect for such year and according to the following formula: The M&O Amount owed by the Applicant to District means the Original M&O Revenue minus the New M&O Revenue; Where:

Appears in 4 contracts

Samples: Agreement for Limitation, Agreement for Limitation, Agreement for Limitation

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CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to A. Calculation of the provisions of Sections 5.1 and 5.2, the Revenue Protection Amount. The amount to be paid by the Applicant to compensate the District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year during the term of this Agreement (the "M&O Revenue Protection Amount") shall be determined in compliance with the Applicable School Finance Law in effect for such year and according to the following formula: The M&O Revenue Protection Amount owed by the Applicant to District means the Original M&O Revenue minus the New M&O Revenue; Where:Revenue (as such terms are defined in Section 1.2);

Appears in 4 contracts

Samples: Agreement for Limitation, Agreement for Limitation, Agreement for Limitation

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to A. Calculation of the provisions of Sections 5.1 and 5.2, the Revenue Protection Amount. The amount to be paid by the Applicant to compensate the District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year during the term of this Agreement (the "M&O Revenue Protection Amount") shall be determined in compliance with the Applicable School Finance Law in effect for such year and according to the following formula: The M&O Revenue Protection Amount owed by the Applicant to District means the Original M&O Revenue minus the New M&O Revenue; Where:

Appears in 2 contracts

Samples: Agreement for Limitation, Agreement for Limitation

CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Sections 5.1 and 5.2, the amount to be paid by the Applicant to compensate the District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year during the term of this Agreement (the "M&O Amount") shall be determined in compliance accordance with the Applicable School Finance Law in effect for such year and according to the following formula: The M&O Amount owed by the Applicant to the District means the Original M&O Revenue minus the New M&O Revenue; Where:

Appears in 2 contracts

Samples: Agreement for Limitation, Agreement for Limitation

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CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT. Subject to A. Calculation of the provisions of Sections 5.1 and 5.2, the Revenue Protection Amount. The amount to be paid by the Applicant to compensate the District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year during the term of this Agreement (the "M&O Revenue Protection Amount") shall be determined in compliance with the Applicable School Finance Law in effect for such year and according to the following formula: The M&O Revenue Protection Amount owed by the Applicant to District means the Original M&O Revenue minus the New M&O Revenue; Where:;

Appears in 1 contract

Samples: Agreement for Limitation

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