Examples of Annual Payment in a sentence
The Annual Payment shall be payable solely from TIF Revenues budgeted and appropriated by the City pursuant to Section 5.02 hereof.
If such long-term projections are revised, the NAS Payment Amount may be adjusted accordingly, which will result in a new model of the anticipated cash flow of the NAS PI Trust and a new calculation of the Maximum Annual Payment.
District #6 shall not have the right to compel the exercise of any ad valorem taxing power of the City to make the Annual Payment.
The NAS PI Trust shall make every reasonable effort to resolve each year at least that number of NAS PI Claims required to exhaust the applicable Maximum Annual Payment (as that term is defined below).
No later than May 31 of each year the City will either: (a) agree with District #6’s reply and the Annual Payment will be set accordingly or (b) trigger the Dispute Resolution Process.