Common use of Equalization Rate Clause in Contracts

Equalization Rate. The equalization rate to be used in making the computation contemplated by 2b(i) hereof shall mean the equalization rate for the Town used by the County to allocate and levy County taxes in connection with the January 1st tax roll immediately preceding the due date of the PILOT Payments. In the event that · the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in making the computation contemplated by 2b(i) shall be one hundred (100%) percent.

Appears in 1 contract

Sources: Payment in Lieu of Tax Agreement

Equalization Rate. The equalization rate to be used in making the computation contemplated by 2b(i1.3(c)(i) and 1.3(d) hereof shall mean the equalization rate for the Town used by the County to allocate and levy County taxes in connection with the January 1st tax roll immediately preceding the due date of the PILOT PaymentsPayment. In the event that · the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in making the computation contemplated by 2b(i1.3(c)(i) and 1.3(d) shall be one hundred hunched (100%) percent.

Appears in 1 contract

Sources: Payment in Lieu of Taxation Agreement

Equalization Rate. The equalization rate to be used in making the computation _contemplated by 2b(iif3(b)(i) hereof shall mean the equalization rate for the the. Town used by the County to · allocate and levy County taxes in connection with the January 1st tax tax· roll immediately preceding the due date of the PILOT PaymentsPayment. In the event that · the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in making the computation contemplated by 2b(iif3(b)(i) shall be one hundred (100%) percent.· _·

Appears in 1 contract

Sources: Payment in Lieu of Taxation Agreement

Equalization Rate. The equalization rate to be used in making the computation contemplated by 2b(iill.3(b)(i) hereof shall mean the equalization rate for the Town used by the County to allocate and levy County taxes in connection with the January 1st tax roll immediately preceding the due date of the PILOT PaymentsPayment. In the event that · the equalization rate shall exceed one hundred (100%) percent, the equalization rate used used· in making the computation contemplated by 2b(iil1.3(b)(i) shall be one hundred (100%) percent.

Appears in 1 contract

Sources: Payment in Lieu of Taxation Agreement

Equalization Rate. The ·equalization rate to be used in making the computation contemplated by 2b(i13(b)(i) and 13(c)(ii)(x) hereof shall mean the equalization rate for the Town used by the County to allocate and levy County taxes in connection with the January 1st tax roll immediately preceding the due date of the PILOT PaymentsPayment. In the event that · the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in making the computation contemplated by 2b(i13(b)(i) and 13(c)(ii)(x) shall be one hundred (( 100%) percentpe�cent.

Appears in 1 contract

Sources: Payment in Lieu of Taxation Agreement

Equalization Rate. The equalization rate to be used in making the computation contemplated by 2b(i13(b)(i) hereof shall mean the equalization rate for the Town used by the County to allocate and levy County taxes in connection with the January 1st I st tax roll immediately preceding the due date of the PILOT PaymentsPayment. In the event that · the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in making the computation contemplated by 2b(i13(b)(i) shall be one hundred (100%) percent.

Appears in 1 contract

Sources: Payment in Lieu of Tax Agreement

Equalization Rate. The equalization rate to be used in making the computation contemplated by 2b(i1.3(c)(i) and 1.3(d) hereof shall mean the equalization rate for the Town used by the County to allocate and levy County taxes in connection with the January 1st tax roll immediately preceding the due date of the PILOT PaymentsPayment. In the event that · the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in making the computation contemplated by 2b(i1.3(c)(i) and 1.3(d) shall be one hundred (100%) percent.

Appears in 1 contract

Sources: Payment in Lieu of Taxation Agreement

Equalization Rate. The equalization rate to be used in making the computation contemplated by 2b(i�3(b)(i) hereof shall mean the equalization rate for the Town used by the County to allocate and levy County taxes in connection with the January 1st tax roll immediately preceding the due date of the PILOT PaymentsPayment. In the event that · the equalization rate shall exceed one hundred (100I00%) percent, the equalization rate used in making the computation contemplated by 2b(i�3(b)(i) shall be one hundred (( 100%) percent.

Appears in 1 contract

Sources: Payment in Lieu of Taxation Agreement

Equalization Rate. The equalization rate to be used in making the computation 60310-010v6 contemplated by 2b(iifl.3(b)(i) and ifl.3(c) hereof shall mean the equalization rate for the Town used by the County to allocate and levy County taxes in connection with the January 1st tax roll immediately preceding the due date of the PILOT PaymentsPayment. In the event that · the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in making the computation contemplated by 2b(iifl.3(b)(i) and ifl.3(c) shall be one hundred (100%) percent.

Appears in 1 contract

Sources: Omnibus Amendment

Equalization Rate. The equalization rate to be used in making the computation contemplated . conteinplate.d by 2b(i1.3(c)(i) hereof shall and 1.3(d) hereofshall mean the equalization rate for the Town used by the County to to- allocate and levy County taxes in connection with the January 1st tax roll immediately preceding the due date ▇▇▇.▇▇▇▇ of the PILOT PaymentsPayment. In the event that · the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in making the computation contemplated by 2b(i1.3(c}(i) and 1.3(d) shall be one hundred (100%) percent.

Appears in 1 contract

Sources: Payment in Lieu of Taxation Agreement

Equalization Rate. The equalization rate to be used in making the computation contemplated by 2b(il.3(b)(i) and 1.3(c) hereof shall mean the equalization rate for the Town used by the County to allocate and levy County taxes in connection with the January 1st tax roll immediately preceding the due date of the PILOT PaymentsPayment. In the event that · the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in making the computation contemplated by 2b(i1.3(b)(i) and 1.3(c) shall be one hundred (100%) percent...

Appears in 1 contract

Sources: Payment in Lieu of Taxation Agreement