SCHEDULE OF MINIMUM PROPERTY VALUES FOR DEBT TAX PURPOSES. Applicant Sample Clauses

SCHEDULE OF MINIMUM PROPERTY VALUES FOR DEBT TAX PURPOSES. Applicant agrees, for each of the years set forth below in this Section, to ensure that Applicant’s Qualified Property shall have at least the taxable value for debt service taxation purposes as listed on the following chart, net of any loss of value attributable to a Major Property Loss during a calendar year preceding the date of appraisal for the Tax Year for which values are being guaranteed by the chart below, but only to the extent that that Applicant is pursuing the repairs of such Major Casualty Loss with reasonable diligence, and to the extent that appraised values for the repair of such Major Property Loss are subtracted from the amount of such loss calculation. The following minimum property values, listed for each Tax Year, represent 50% of the values set forth by the Applicant in Schedule B of the Application. Tax Year of AgreementDate of AppraisalSchool YearTax YearGuaranteed Minimum Taxable ValuesTax Year of AgreementDate of AppraisalSchool YearTax YearGuaranteed Minimum Taxable Values5January 1, 20282028-292028$230,543,900.506January 1, 20292029-302029$223,462,646.007January 1, 20302030-312030$216,602,076.008January 1, 20312031-322031$209,955,157.509January 1, 20322032-232032$203,515,089.5010January 1, 20332033-342033$197,275,294.0011January 1, 20342034-352034$191,229,410.0012January 1, 20352035-362035$185,371,283.0013January 1, 20362036-372036$179,694,962.5014January 1, 20372037-382037$174,194,691.0015January 1, 20382038-392038$168,864,898.50