Municipal Fees definition

Municipal Fees means recurring payments, taxes or fees paid (or payable) to a municipal Governmental Authority related to the ownership, and operation of the Towers or Tower Sites. “Net Adjustment Amount” means, in connection with and respect to the Closing hereunder, an amount (which may be expressed as a positive or negative number) equal to the difference between (i) the finally determined Purchase Price, minus (ii) the Designated Purchase Price Payment actually paid at the Closing (subject to the terms of Section 1.4(a)(i)); provided, that, with respect to any change to the amount of the TCF Earn-Out Advancement, the Net Adjustment Amount shall be calculated taking into account the TCF Earn-Out Advancement Cap, which shall mean, for clarity, that any negative adjustment based on the TCF Earn-Out Advancement shall be limited only to reducing the amount of the TCF Earn-Out Advancement actually paid by Purchaser subject to the TCF Earn-Out Advancement Cap. “Offers of Employment” – has the meaning set forth in Section 5.16(c). “Operational Contracts” – all Contracts under which the Designated Target Companies have acquired ownership of, or the right to use and exploit, any Towers, and/or Tower Sites (including any Easements appurtenant thereto). “Order” – any award, decision, injunction, judgment, writ, decree, order, ruling, subpoena, or verdict entered, issued, made, or rendered by any court, administrative agency, or other Governmental Authority or arbitral tribunal.
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Examples of Municipal Fees in a sentence

  • The Sewer Agreement Obligations due to Vernon and/or the VTMUA shall not be accelerated in the event that Vernon Municipal Fees collected in any calendar year are insufficient to cover the Sewer Agreement Obligations due in that calendar year.

  • To the extent the Vernon Municipal Fees in the Vernon Municipal Fee Account are not sufficient to pay the Minimum Payment for 2020, 2021, 2022 and 2023, creating a Minimum Payment deficiency (the “Deficiency”), the Vernon Parties may draw on the Vernon Letter of credit to pay the Deficiency following receipt of the October 1 payment in such years.

  • To the extent the Vernon Municipal Fees in the Vernon Municipal Fee Account are greater than the amount of the Sewer Agreement Obligations owed under the Sewer Agreement for any particular calendar year, such excess payments shall be held in the Vernon Municipal Fee Account, and paid and applied to Sewer Agreement Obligations due in the following year(s) in accordance with the timeline set forth in paragraph 3(iiiv) above.

  • To the extent the Vernon Municipal Fees in the Vernon Municipal Fee Account are greater than the amount of the Sewer Agreement Obligations for any particular calendar year, such excess payments shall be held in the Vernon Municipal Fee Account, and paid and applied to Sewer Agreement Obligations due in the following year(s) in accordance with the timeline set forth in paragraph 2(v) above.

  • These costs are included in the Development Agreement Application Fee that is collected by the Municipal Fees Policy.

  • Within two (2) business days of the entry of a final non-appealable Order approving this Agreement, Mountain Creek and/or a Resort Operator shall disburse to the VTMUA, using the wire instructions set forth on Exhibit F hereto, the Vernon Municipal Fees held in the Vernon Municipal Fee Account (as of June 25, 2019, the balance of the Vernon Municipal Fee Account was $764,439.22), and the Vernon Parties shall apply such payment against the Annual Obligation due for 2019 (the “Initial Payment”).

  • To the extent any Vernon Municipal Fees remain (the “Excess Funds”) in the Vernon Municipal Fee Account at the time all Sewer Agreement Obligations are paid in full, Mountain Creek, any successor thereto and/or a Resort Operator shall be entitled to retain the Excess Funds for its exclusive use and the Vernon Parties shall not have any entitlement to any portion of the Excess Funds.

  • The sole source of the payments for the Pump House Obligations shall be the Vernon Municipal Fees.

  • ILEC agrees that its failure to comply with all Chapter 283 requirements, including any failure to provide AT&T with a valid Adequate Proof Agreement acknowledging ILEC’s obligation to pay Municipal Fees within thirty (30) days of AT&T’s request, shall be considered a material breach of this Agreement and shall entitle AT&T to any and all remedies provided elsewhere in this Agreement for such a breach, including, but not limited to suspension of all order processing (other than disconnect orders).

  • Jr. 1 BD / 1 BA 14 10% 625 1 BD / 1 BA 72 53% 725 2 BD / 2 BA 37 27% 1,000 3 BD / 2 BA 12 9% 1,250 Exhibit B Project Business Plan [See attached.] Exhibit B-1 Preliminary Project Budget Land Cost $0 $0 $0 Site Work & Earthwork (1) (2) $6,261,435 $46,381 $55 Building (2) $49,074,120 $363,512 $434 Additional Hard Costs (3) $945,000 $7,000 $8 GC Fees, Bond, Insurance (2) $3,318,840 $24,584 $29 A & E Fees (4) $3,200,000 $23,704 $28 Municipal Fees $5,400,000 $40,000 $48 Legal, Closing, Misc.