Formula and Schedule Sample Clauses

Formula and Schedule. Assuming the completion of the Minimum Improvements by December 31, 2024, first full assessment on January 1, 2025, and Developer’s 2025 Annual Certification identifying the full assessment date, then Blight Remediation Grants shall commence on June 1, 2027 and end (i) after the aggregate amount of the Blight Remediation Grants paid have totaled the Maximum Aggregate Amount as determined in Section 8.1(b), or (ii) on June 1, 2042, whichever is earlier, pursuant to the following formula and schedule: Date Amount of Blight Remediation Grants June 1, 2027 80% of Tax Increments for the Fiscal Year 2026-2027 June 1, 2028 80% of Tax Increments for the Fiscal Year 2027-2028 June 1, 2029 80% of Tax Increments for the Fiscal Year 2028-2029 June 1, 2030 80% of Tax Increments for the Fiscal Year 2029-2030 June 1, 2031 80% of Tax Increments for the Fiscal Year 2030-2031 June 1, 2032 80% of Tax Increments for the Fiscal Year 2031-2032 June 1, 2033 80% of Tax Increments for the Fiscal Year 2032-2033 June 1, 2034 80% of Tax Increments for the Fiscal Year 2033-2034 June 1, 2035 80% of Tax Increments for the Fiscal Year 2034-2035 June 1, 2036 80% of Tax Increments for the Fiscal Year 2035-2036 June 1, 2037 80% of Tax Increments for the Fiscal Year 2036-2037 June 1, 2038 80% of Tax Increments for the Fiscal Year 2037-2038 June 1, 2039 80% of Tax Increments for the Fiscal Year 2038-2039 June 1, 2040 80% of Tax Increments for the Fiscal Year 2039-2040 June 1, 2041 80% of Tax Increments for the Fiscal Year 2040-2041 June 1, 2042 80% of Tax Increments for the Fiscal Year 2041-2042 Under no circumstances shall the failure by Developer to qualify for a Blight Remediation Grant in any year serve to extend the term of this Agreement beyond the Termination Date or the number of years during which Blight Remediation Grants may be awarded to Developer or the total amount thereof, it being the intent of parties hereto to provide Developer with an opportunity to receive Blight Remediation Grants only if Developer fully complies with the provisions hereof and Developer becomes entitled thereto, up to the Maximum Aggregate Amount as determined in Section 8.1(b).
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Related to Formula and Schedule

  • Definitions and Schedules 1.1 Words and phrases contained in this Agreement (whether capitalized or not) that are not defined in this Agreement have the meanings given to them in the Electricity Act, 1998, the Ontario Energy Board Act, 1998, any regulations made under either of those Acts, or the Code. 1.2 The following schedules form part of this Agreement: Schedule A – Application and Connection Cost Agreement (recitals) Schedule B – Single Line Diagram, Connection Point and Location of Facilities (section 2.3) Schedule C – List of Other Contracts (section 3.4) Schedule D – Technical and Operating Requirements (section 4.1(d)) Schedule E – Billing and Settlement Procedures (section 5.3) Schedule F – Contacts for Notice (section 12.1) Schedule G – Dispute Resolution (section 16.1) 1) Where a schedule is to be completed by the Parties, the Parties may not include in that schedule a provision that would be contrary to or inconsistent with the Code or the remainder of this Agreement.

  • Exhibits and Schedules The Exhibits and Schedules shall be construed with and as an integral part of this Agreement to the same extent as if the same had been set forth verbatim herein.

  • Incorporation of Exhibits, Annexes, and Schedules The Exhibits, Annexes, and Schedules identified in this Agreement are incorporated herein by reference and made a part hereof.

  • Clauses and Schedules Any reference in this Agreement to a Clause or a sub-clause or a Schedule is, unless otherwise stated, to a clause or a sub-clause hereof or a schedule hereto.

  • LIST OF EXHIBITS AND SCHEDULES Exhibits