Phase Termination Date definition

Phase Termination Date means, with respect to each Phase, the last day of the property tax year which is the 29th year following the first property tax year in which the Phase is placed in service.

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Phase Termination Date means with respect to each Phase of the Project, the day which is twenty years after the date each such Phase of the Project becomes subject to the terms of this Fee Agreement.

Phase Termination Date means with respect to each Phase of the Project the day thirty years after the last day of the property tax year in which each such Phase of the Project becomes subject to the terms of this Fee Agreement. Anything contained herein to the contrary notwithstanding, the last Phase Termination Date shall be no later than December 31 of the year of the expiration of the twenty-ninth full calendar year after the Commencement Date.

Examples of Phase Termination Date in a sentence

Step 3: Apply the millage rate of 238.7, that being the millage rate applicable to the Project as of June 30, 1997, and established by the Original Fee as the applicable millage rate in calculating the Fee Payment; and The Fee Payment is due on each Phase with respect to the period to and including the applicable Phase Termination Date.
The Fee Payment is due on each Phase with respect to the period to and including the applicable Phase Termination Date.
By this First Amendment, each Phase Termination Date is now the day 30 years after the last day of the property tax year in which each Phase of the Project became subject to the terms of the Fee Agreement.
By this Amendment, each Phase Termination Date is now the day 30 years after the last day of the property tax year in which each Phase of the Project became subject to the terms of the Fee Agreement.
Step 3: Apply the Applicable Millage Rate (which Applicable Millage Rate increases or decreases every fifth year in step with the average cumulative actual millage rate applicable to the Project based upon the preceding five-year period); and The Fee Payment is due on each Phase with respect to the period to and including the applicable Phase Termination Date.

More Definitions of Phase Termination Date

Phase Termination Date means with respect to each Phase of the Project the day 30 years after the last day of the property tax year in which each such Phase of the Project became subject to the terms of the Original Fee. Anything contained herein to the contrary notwithstanding, the last Phase Termination Date shall be December 31, 2034.

Phase Termination Date means with respect to each Phase of the Project the last day of the property tax year that is no later than the 29th year following the first property tax year in which an applicable piece of economic development property is placed in service.

Phase Termination Date means with respect to each Phase of the Project the day thirty (30) years after each such Phase of the Project becomes subject to the terms of this Fee Agreement with an option to extend the term for a further ten (10) years in accordance with the Act. Anything contained herein to the contrary notwithstanding, the last Phase Termination Date shall be no later than the later of: (a) December 31, 2053, unless an extension of time in which to complete the Project is granted by the County pursuant to Section 12-44-30(13) of the Act or (b) December 31 of the year of the expiration of the maximum period of years that the annual fee payment is available to the Sponsor under Section 12-44-30(20) of the Act, as amended.

Phase Termination Date means with respect to each Phase of the Project the day twenty-nine years after each such Phase of the Project becomes subject to the terms of this Fee Agreement. Anything contained herein to the contrary notwithstanding, the last Phase Termination Date shall be no later than December 31 of the year of the expiration of the twenty-ninth full calendar year, after the Commencement Date, provided, however, the County and the Company are entitled to extend the Phase Termination Date up to the maximum period of years that the annual fee payment is available to the Company under Section 12-44-30(21) of the Act, as amended.

Phase Termination Date means with respect to each Phase of the Project the day twenty years after each such Phase of the Project becomes subject to the terms of this Fee Agreement. Anything contained herein to the contrary notwithstanding, the last Phase Termination Date shall be no later than the later of: (a) December 31, 2045, or (b) December 31 of the year of the expiration of the maximum period of years that the annual fee payment is available to the Company under Section 12-44-30(21) of the Act, as amended, but only if the County subsequently agrees to such a maximum number of years exceeding twenty and such agreement is approved by the County Council and reduced to writing.

Phase Termination Date means, with respect to each Phase, the last day of the property tax year

Phase Termination Date means with respect to each Phase of the Project the day 25 years after the last day of the property tax year in which each such Phase of the Project became subject to the terms of the Original Fee. Anything contained herein to the contrary notwithstanding, the last Phase Termination Date shall be March 31, 2028. The Phase Termination Date includes a five (5) year extension applied for by the Company and authorized by the County via resolution on February 9, 2016 under Section 12-44-30(21) prior to the Conversion.