County Payment definition

County Payment means, subject to 4.2.1 (iii) hereof, for each Fiscal Quarter in which Company engages in Retail Sales in the unincorporated part of the County and is generating County Sales Tax Revenue, the following amount: For all Fiscal Quarters commencing with the First Fiscal Quarter and throughout the Term of this Agreement, an amount equal to forty percent (40%) of each dollar of County Sales Tax Revenue paid by Company and any applicable Affiliated Company and any Buying Company actually received by the County.

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County Payment means the amount actually paid to the Authority by the County, in any fiscal year.

County Payment means the monthly amount which, if the County Funding were treated as a loan bearing interest payable in arrears at six and one-half percent per annum, to the principal amount of such loan in equal monthly payments of principal and interest

Examples of County Payment in a sentence

The Contractor will provide an invoice on Contractor’s letterhead or on a County Payment Request form for services rendered.
Each Suffolk County Payment Voucher submitted for payment is subject to Audit at any time during the Term or any extension thereof.
In order for payment to be made by the County to the Contractor for the Services, the Contractor shall prepare and present a Suffolk County Payment Voucher (Voucher), which shall be documented by sufficient, competent and evidential matter.
The Suffolk County Payment Voucher shall list all information regarding the Services and other items for which expenditures have been or will be made in accordance with the Contract.
The Tax Increment Fund shall be an account into which the City shall deposit the County Payment, the City Increment (as defined in the TIRZ Ordinance and Project Plan), and all accrued interest earned on the fund.
If Second Party has not submitted an invoice or has submitted a final invoice to County under this Agreement, Second Party shall reimburse County in the amount of the County Payment within thirty (30) calendar days of Second Party's receipt of the Third Party Payment.
By agreement of the Parties, the Individual County Payment is a sum certain that shall not be subject to the Individual Settlement Administration process or subject to any modification by the Settlement Administrators or others, or the allocation procedure referenced in Section 3.1.4.
If Franchisee has not fully and timely paid a County Payment Obligation within twenty (20) days of their due date, then County may draw on Franchisee’s Letter of Credit in accordance with Section 11.03 for the amount of (i) the Payment Obligation, plus (ii) the Overdue Rate or, with respect to Franchise Fees, the late-payment charge set forth in Section 13.02.
The County Payment shall not be reduced or offset for any costs or expenses incurred by the County in performing or preparing to perform its duties under and pursuant to this Agreement.
Compliance by Contractor as Condition Precedent to County Payment Obligation.

More Definitions of County Payment

County Payment means the monthly amount which, if the County Funding were treated as a loan bearing interest payable in arrears at six and one-half percent per annum, would equal interest only on the principal amount of such loan for the period from disbursement until the Commercial Operations Commencement Date and thereafter would equal the sum necessary to amortize the principal amount of such loan in equal monthly payments of principal and interest over a period of fifteen (15) years. Within ten (10) days after the Commercial Operations Commencement Date, or such later date upon which the County and BVA LFG may agree, the "County Loan Amortization Schedule Appendix" which sets forth the amortization schedule for the County Loan shall be approved by the parties, such approval not to be unreasonably withheld, delayed or conditioned, and attached to this Agreement. All amounts received by the County pursuant to Section of this Agreement shall be treated as prepayments of the principal amount of the deemed loan of the County Funding, and, in the event of any such prepayments, the amount of the County Payment shall not be adjusted, but at the time the County receives each such prepayment, the "County Loan Amortization Schedule Appendix" shall be revised to reflect the new maturity date of the County Loan which results from such prepayment.