Examples of Tax Payment Date in a sentence
The Town agrees to pay to Xxxxxxx within thirty (30) days following each Tax Payment Date all amounts then on deposit in the Developer Project Cost Sub-account, excluding earnings thereon; provided however, that all payments made hereunder shall be used only to pay Xxxxxxx’x Project Costs directly or to reimburse Xxxxxxx for payment of Project Costs (including payment or reimbursement of debt service on indebtedness incurred to finance such Project Costs).
A proportionate decrease in the Taxes set forth in Schedule A for the next succeeding Semiannual Tax Payment Date and all subsequent Semiannual Tax Payment Dates shall be made based on the decreased amount per year for each megawatt (“MW”), or a portion thereof, of the rated summer capacity below 5 MWs as a result of such destruction, demolition and/or Decommissioning.
All installment payments of Taxes payable by Greenskies to the Town under this Agreement as set forth in Schedule A hereof shall be due and payable in full on or before the first day of the month next succeeding the Semiannual Tax Payment Date.
If Greenskies fails to make a scheduled installment Tax Payment hereunder on or before the first day of the month next succeeding the Semiannual Tax Payment Date, the whole or such part of such installment as is unpaid shall thereupon be delinquent and shall be subject to interest from the due date of such delinquent installment at the rate of eighteen percent (18%) per annum, as set forth in CGS Section 12-146, or as same shall be amended from time to time.
Commencing on the Effective Date and on each Semiannual Tax Payment Date thereafter during the Term, Greenskies shall pay to the Town the Taxes in the amounts set forth in Schedule A with respect to the applicable Semiannual Tax Payment Date.