Common use of Minus Clause in Contracts

Minus. The Taxable Value of the Applicant's Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant's Qualified Property used for the District's maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); Multiplied by The District's maintenance and operations tax rate for such Tax Year, or the applicable school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Minus Any amounts previously paid to the District under Section 4.2 and Article V with respect to such Tax Year: Multiplied by The number 0.50; Minus Any amounts previously paid to the District under this Article VI with respect to such Tax Year. If the amount calculated above results in a negative number, then the Applicant’s Stipulated Supplemental Payment Amount shall be zero. Based on the calculation above, the Parties agree that Applicant’s Stipulated Supplemental Payment Amount for all years prior to the first Tax Year of the Tax Limitation Period shall be zero. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party Consultant described in Section 4.5, above shall adjust the Applicant's Stipulated Supplemental Payment Amount calculation to reflect such changes in the data.

Minus. The Taxable Value of the Applicant's Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant's Qualified Property used for the District's maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); Multiplied by The District's maintenance and operations tax rate for such Tax Year, or the applicable school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Minus Any amounts previously paid to the District under Section 4.2 and Article V with respect to such Tax Year: Multiplied by The number 0.500.45; Minus Any amounts previously paid to the District under this Article VI with respect to such Tax Year. If the amount calculated above results in a negative number, then the Applicant’s Stipulated Supplemental Payment Amount shall be zero. Based on the calculation above, the Parties agree that Applicant’s Stipulated Supplemental Payment Amount for all years prior to the first Tax Year of the Tax Limitation Period shall be zero. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party Consultant described in Section 4.5, above shall adjust the Applicant's Stipulated Supplemental Payment Amount calculation to reflect such changes in the data.

Minus. The Taxable Value of the Applicant's Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant's Qualified Property used for the District's maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); Multiplied by The District's maintenance and operations tax rate for such Tax Year, or the applicable school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Minus Any amounts previously paid to the District under Section 4.2 and Article V with respect to such Tax Year: Multiplied by The number 0.500.475; Minus Any amounts previously paid to the District under this Article VI with respect to such Tax Year. If the amount calculated above results in a negative number, then the Applicant’s Stipulated Supplemental Payment Amount shall be zero. Based on the calculation above, the Parties agree that Applicant’s Stipulated Supplemental Payment Amount for all years prior to the first Tax Year of the Tax Limitation Period shall be zero. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party Consultant described in Section 4.5, above shall adjust the Applicant's Stipulated Supplemental Payment Amount calculation to reflect such changes in the data.

Minus. The Taxable Value of the Applicant's ’s Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant's ’s Qualified Property used for the District's ’s maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); Multiplied by The District's ’s maintenance and operations tax rate for such Tax Year, or the applicable school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Minus Any amounts previously paid to the District under Section 4.2 and Article V with respect to such Tax Year: Multiplied by The number 0.50; Minus Any amounts previously paid to the District under this Article VI with respect to such Tax Year. If the amount calculated above results in a negative number, then the Applicant’s Stipulated Supplemental Payment Amount shall be zero. Based on the calculation above, the Parties agree that Applicant’s Stipulated Supplemental Payment Amount for all years prior to the first Tax Year of the Tax Limitation Period shall be zero. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party Consultant described in Section 4.5, above shall adjust the Applicant's Stipulated Supplemental Payment Amount calculation to reflect such changes in the data.

Minus. The Taxable Value of the Applicant's Qualified Property for such Tax Year after giving effect to this Agreement (i.e., the Taxable Value of the Applicant's Qualified Property used for the District's maintenance and operations tax purposes for such Tax Year, or school taxes due to any other governmental entity, including the State of Texas, for such Tax Year); Multiplied by The District's maintenance and operations tax rate for such Tax Year, or the applicable school tax rate of any other governmental entity, including the State of Texas, for such Tax Year; Minus Any amounts previously paid to the District under Section 4.2 and Article V with respect to such Tax Year: Multiplied by The number 0.50; Minus Any amounts previously paid to the District under this Article VI with respect to such Tax Year. If the amount calculated above results in a negative number, then the Applicant’s Stipulated Supplemental Payment Amount shall be zero. Based on the calculation above, the Parties agree that Applicant’s Stipulated Supplemental Payment Amount for all years prior to the first Tax Year of the Tax Limitation Period shall be zero. In the event that there are changes in the data upon which the calculations set forth herein are made, the Third Party Consultant described in Section 4.5, above shall adjust the Applicant's Stipulated Supplemental Payment Amount calculation to reflect such changes in the data.