Statutorily Required Recapitulation Clause Samples

Statutorily Required Recapitulation. Pursuant to Section 12-44-55(B) of the Act, the County and the Company agree to waive the recapitulation requirements of Section 12-44-55 of the Act, except as expressly provided in paragraph (b) below, to the extent that and so long as the Company timely provides the County with copies of all filings required by the Act to be made by the Company with regard to the Project. If the Company should be required to retroactively comply with all of the recapitulation requirements of Section 12-44-55 of the Act, then the County agrees, to the extent permitted by law, to waive all penalties of the County for the Company’s noncompliance that are within the County’s control.
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Statutorily Required Recapitulation. Pursuant to Section 12-44-55(B), the County and the Company agree to waive the recapitulation requirements of Section 12-44-55. If the Company should be required to retroactively comply with the recapitulation requirements of Section 12-44-55, then the County agrees to waive all penalties and fees of the County for the Company’s noncompliance.
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Statutorily Required Recapitulation. Pursuant to Section 12-44-55(B) of the Act, the County and the Company agree to waive the recapitulation requirements of Section 12-44-55 of the Act. Subsection
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Statutorily Required Recapitulation. Pursuant to Section 12-44-55(B) of the Act, the County and the Company waive any and all compliance with any and all of the provisions, items or requirements of Section 12-44-55. If the Company and, if applicable, any Sponsor Affiliates, should be required to retroactively comply with the recapitulation requirements of Section 12-44-55 and incurs penalties for its noncompliance, the County agrees to waive all penalties that are within the County's control.
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Statutorily Required Recapitulation. Pursuant to Section 12-44-55(B) of the Fee Act, the Parties agree to waive a portion of the recapitulation requirements of Section 12-44-55 of the Fee Act. If the Company should be required to retroactively comply with all of the recapitulation requirements of Section 12-44-55 of the Fee Act, then the County agrees to waive any and all penalties and fees of the County for the Company’s noncompliance. The recapitulations required by Section 12-44-55(A) of the Fee Act are as follows: 1. Legal name of each party to the Agreement: Dorchester County, South Carolina and Project Luminous 2. County and street address of the project and property subject to the Agreement: County: Dorchester County Address: TMS# 3. Length and term of the Agreement: 30 years 4. The assessment ratio applicable for each year of the Agreement: 6% 5. The millage rate applicable for each year of the Agreement: 336.4 6. Minimum investment agreed upon: $4,690,000 7. Schedule showing the amount of the fee and its calculation for each year of the agreement: This provision has been waived. 8. Schedule showing the amount to be distributed annually to each of the affected taxing entities: This provision has been waived. 9. Statements answering the following questions: a. Is the project located in a multi-county park? Yes b. Is disposal of property subject to the fee allowed? Yes c. Will special source revenue bonds be issued or credits for infrastructure investment be allowed in connection with this project? Yes d. Will payment amounts be modified using a net present value calculation? No e. Do replacement property provisions apply? Yes 10. Any other feature or aspect of the agreement which may affect the calculations of items (7) and (8): This provision is waived. 11. Description of the effect upon the schedules required by items (7) and (8) of any feature covered by items (9) and (10) not reflected in the schedules for items (7) and (8): This provision is waived. 12. Which party or parties to the Agreement are responsible for updating any information contained in the summary document? This provision is waived.
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Related to Statutorily Required Recapitulation

  • Emergency/Declared Disaster Requirements In the event of an emergency or if Orange County is declared a disaster area by the County, state or federal government, this Contract may be subjected to unusual usage. The Contractor shall service the County during such an emergency or declared disaster under the same terms and conditions that apply during non-emergency/disaster conditions. The pricing quoted by the Contractor shall apply to serving the County’s needs regardless of the circumstances. If the Contractor is unable to supply the goods/services under the terms of the Contract, then the Contractor shall provide proof of such disruption and a copy of the invoice for the goods/services from the Contractor’s supplier(s). Additional profit margin as a result of supplying goods/services during an emergency or a declared disaster shall not be permitted. In the event of an emergency or declared disaster, emergency purchase order numbers will be assigned. All applicable invoices from the Contractor shall show both the emergency purchase order number and the Contract number.