Examples of Annual Collection Cost in a sentence
Each Tax Year, the Annual Collection Cost will be added to the Assessment Installment and the resulting Annual Payment, as required by law, will be included in the Property Owner’s tax bill pertaining to the Assessed Property.
The Property Owner consents to, acknowledges, directs and authorizes the Agency to add to each Assessment Installment the Annual Collection Cost.
APR is the effective cost of credit, expressed as a percentage interest rate, which includes the interest and certain other costs over the Assessment term, but does not include the Annual Collection Cost.
Exhibit B shows the estimated Annual Collection Cost based on the best information available.
However, if you do so, you will have to pay any delinquent installments of the Assessment together with any statutory penalties thereon, the Financed Amount to be prepaid (“Assessment Prepayment Amount”), interest on the Assessment Prepayment Amount to the 15th day of the month occurring at least 20 days following the date the prepayment is made, the Annual Collection Cost and any other charges associated with such prepayment as specified in Section 3(D) of this Financing Agreement.