Examples of Incremental value in a sentence
Net Revenues, as used herein, will be determined as follows: Net Revenues = EV x RPP and Net Incremental Value, as used herein, will be determined as follows: Net Incremental Value = EV x [RPP- Benchmark Price] Where: EV = Energy Volume, which is the actual Available Energy (MWh) delivered by XXX COUNTY at the Delivery Point during the entire period ofthe Transaction.
Developer shall take no action at Open Book, Board of Review, or in Circuit Court to reduce the assessed valuation of the Project to a value lower than that necessary to create a Tax Incremental Value less than the sum of the Minimum Investment amount as defined in Article VI.
Additional Tax Incremental Value of Three Million Eighty-Seven Thousand Five Hundred ($3,087,500.00) Dollars plus the base fair market value of One Million Three Hundred Ten Thousand Five Hundred ($1,310,500.00) Dollars.
Upon said satisfaction, the City shall pay by no later than September 30 of each year a sum equivalent to 95% of the tax increment (excess taxes generated as a result of a positive Tax Incremental Value) generated by the project in that year.
If the Tax Incremental Value of the buildings and other Improvements on the Project Site, as determined by the City Assessor’s office for real estate tax purposes, is equal to or greater than the sum of the Minimum Investment amount on January 1, 2024, or such later date as the parties may hereafter agree, then the Developer shall be deemed to have satisfied its obligation with respect to Minimum Investment.