Common use of CALCULATION OF SUPPLEMENTAL PAYMENTS Clause in Contracts

CALCULATION OF SUPPLEMENTAL PAYMENTS. A. Notwithstanding, the foregoing, the total annual supplemental payment made to the District pursuant to this Article shall: (i) be in an amount equal to the greater of One Hundred Dollars ($100.00) per Student in Average Daily Attendance (ADA), as determined for that particular school year in average daily attendance, as defined by Section 42.005 of the TEXAS EDUCATION CODE, or such other higher amount as permitted by applicable provisions of Texas Tax Code Sec. 313.027(i); and (ii) only be made during the period starting with the first year of the Qualifying Time Period and ending December 31 of the third year following the end of the Tax Limitation Period. B. This limitation does not apply to amounts described by Section 313.027(f)(1)-(2) of the TEXAS TAX CODE as implemented in Articles IV and V of this Agreement. C. In the event Chapter 313 is modified or amended to allow the District to receive supplemental payments in excess of the foregoing limitation, Applicant agrees to cooperate with District to amend this Agreement to allow District to receive the maximum amount of supplemental payments as allowed by law; provided however, the total supplemental payments for any given year of this Agreement shall not exceed the greater of forty percent (40%) of Applicant's Net Tax Savings under this Agreement in such year or the amount calculated as set out in Section 6.2.A.i above, as determined for that school year. This Section shall only apply if Chapter 313 of the TEXAS TAX CODE is amended so that the District is permitted to receive payments in lieu of taxation greater than as described in Section 6.2.A.i. above; otherwise, Section 6.2.A.i shall apply. D. Payment of amounts due under this Article shall be made as set forth in Section 4.8 of this Agreement and is subject to the limitations contained in Section 7.1.

CALCULATION OF SUPPLEMENTAL PAYMENTS. A. Notwithstanding, Notwithstanding the foregoing, the total annual supplemental payment made to the District pursuant to this Article shall: (i) i. be in an amount equal to the greater of One Hundred Dollars ($100.00) per Student student in Average Daily Attendance (ADA), as determined for that particular school year in average daily attendanceADA, as defined by Section 42.005 of the TEXAS EDUCATION CODE, or such other higher amount as permitted by applicable provisions of Texas Tax Code Sec. TEXAS TAX CODE § 313.027(i), as it currently exists or may be hereafter amended or replaced; and (ii) . only be made during the period starting with the first year of the Qualifying Time Period and ending December 31 of the third year following the end of the Tax Limitation Period. B. This limitation does not apply to amounts described by Section 313.027(f)(1)-(2) of the TEXAS TAX CODE as implemented in Articles IV and V of this Agreement. C. In the event Chapter 313 is modified or amended to allow the District to receive supplemental payments in excess of the foregoing limitation, Applicant agrees to cooperate with District to amend this Agreement to allow District to receive the maximum amount of supplemental payments as allowed by law; provided however, the total supplemental payments for any given year of this Agreement shall not exceed the greater of forty percent (40%) of Applicant's Net Tax Savings under this Agreement in such year or the amount calculated as set out in Section 6.2.A.i above, as determined for that school year. This Section shall only apply if Chapter 313 of the TEXAS TAX CODE is amended so that the District is permitted to receive payments in lieu of taxation greater than as described in Section 6.2.A.i. above; otherwise, Section 6.2.A.i shall apply. D. Payment of amounts due under this Article shall be made as set forth in Section 4.8 of this Agreement and is subject to the limitations contained in Section 7.1.,

CALCULATION OF SUPPLEMENTAL PAYMENTS. A. Notwithstanding, Notwithstanding the foregoing, the total annual supplemental payment made to the District pursuant to this Article shall: (i) i. be in an amount equal to the greater of One Hundred Dollars ($100.00) per Student student in Average Daily Attendance (ADA), as determined for that particular school year in average daily attendance, as defined by Section § 42.005 of the TEXAS EDUCATION CODE, or such other higher amount as permitted by applicable provisions of Texas Tax Code Sec. TEXAS TAX CODE § 313.027(i); and (ii) . only be made during the period starting with the first year of the Qualifying Time Period and ending December 31 of the third year following the end of the Tax Limitation Period. B. This limitation does not apply to amounts described by Section § 313.027(f)(1)-(2) of the TEXAS TAX CODE as implemented in Articles IV and V of this Agreement. C. In the event Chapter 313 is modified or amended to allow the District to receive supplemental payments in excess of the foregoing limitation, Applicant agrees to cooperate with the District to amend this Agreement to allow District to receive the maximum amount of supplemental payments as allowed by law; provided however, the total supplemental payments for any given year of this Agreement shall not exceed the greater of forty percent (40%) of Applicant's Net Tax Savings under this Agreement in such year or the amount calculated as set out in Section 6.2.A.i above, as determined for that school year. This Section 6.2.C. shall only apply if Chapter 313 of the TEXAS TAX CODE Texas Tax Code is amended so that the District is permitted to receive payments in lieu of taxation greater than as described in Section 6.2.A.i. above; otherwise, Section 6.2.A.i shall apply. D. Payment of amounts due under this Article shall be made as set forth in Section 4.8 of this Agreement and is subject to the limitations contained in Section 7.1.