Common use of LIMITATION ON APPRAISED VALUE Clause in Contracts

LIMITATION ON APPRAISED VALUE. So long as the Applicant makes a Qualified Investment in the amount of Eighty Million Dollars ($80,000,000.00), or greater, during the Qualifying Time Period, and unless this Agreement has been terminated as provided herein before such Tax Year, for each of the eight (8) Tax Years 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023, the Appraised Value of the Applicant’s Qualified Investment for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of: (a) the Market Value of the Applicant’s Qualified Investment; or (b) Eighty Million Dollars ($80,000,000.00). This Tax Limitation Amount is based on the limitation amount for the category that applies to the District on the effective date of this Agreement, as set out by Texas Tax Code § 313.023.

LIMITATION ON APPRAISED VALUE. So long as the Applicant makes a Qualified Investment in the amount of Eighty Thirty Million Dollars ($80,000,000.0030,000,000.00), or greater, during the Qualifying Time Period, ; and unless this Agreement has been terminated as provided herein before such Tax Year, for each of the eight (8) Tax Years 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 20232024, the Appraised Value of the Applicant’s Qualified Investment for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of: (a) the The Market Value of the Applicant’s Qualified Investment; or (b) Eighty Thirty Million Dollars ($80,000,000.0030,000,000.00). This Tax Limitation Amount is based on the limitation amount for the category that applies to the District on the effective date of this Agreement, as set out by Texas Tax Code § 313.023313.022 (b) or § 313.052.

LIMITATION ON APPRAISED VALUE. So long as the Applicant makes a Qualified Investment in the amount of Eighty Thirty Million Dollars ($80,000,000.0030,000,000.00), or greater, during the Qualifying Time Period, and unless this Agreement has been terminated as provided herein before such Tax Year, for each of the following eight (8) Tax Years 2016Years-2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023, -the Appraised Value of the Applicant’s 's Qualified Investment Property for the District’s 's maintenance and operations ad valorem tax purposes shall not exceed the lesser of: (ai) the Market Value of the Applicant’s 's Qualified InvestmentProperty; or (bii) Eighty Thirty Million Dollars ($80,000,000.0030,000,000.00). This Tax "Limitation Amount on Appraised Value" is based on the limitation amount for the category that applies to the District on the effective date of this Agreement, as set out by Texas Tax Code § 313.023313.052.

LIMITATION ON APPRAISED VALUE. So long as the Applicant makes a Qualified Investment in the amount of Eighty Thirty Million Dollars ($80,000,000.0030,000,000.00), or greater, during the Qualifying Time Period, and unless this Agreement has been terminated as provided herein before such Tax Year, for each of the eight (8) Tax Years 2016, 2017, Years: 2018, 2019, 2020, 2021, 2022, 2023, 2024, and 20232025, the Appraised Value of the Applicant’s Qualified Investment Property for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of: (a) the The Market Value of the Applicant’s Qualified Investment; or (b) Eighty Thirty Million Dollars ($80,000,000.0030,000,000.00). This The Tax Limitation Amount set forth in the immediately preceding Subsection(b) is based on the limitation amount for the category that applies to the District on the effective date of this Agreement, as set out by Texas Tax Code § 313.023§313.022 (b) or §313.052.

LIMITATION ON APPRAISED VALUE. So long as the Applicant makes a Qualified Investment in the amount of Eighty Million Thirty million Dollars ($80,000,000.0030,000,000.00), or greater, during the Qualifying Time Period, and unless this Agreement has been terminated as provided herein before such Tax Year, for each of the eight (8) Tax Years 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023, the Appraised Value of the Applicant’s Qualified Investment for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of: (a) the Market Value of the Applicant’s Qualified Investment; or (b) Eighty Million Thirty million Dollars ($80,000,000.0030,000,000.00). This Tax Limitation Amount is based on the limitation amount for the category that applies to the District on the effective date of this Agreement, as set out by Texas Tax Code § 313.023.

LIMITATION ON APPRAISED VALUE. So long as the Applicant makes a Qualified Investment in the amount of Eighty Million Dollars ($80,000,000.00), or greater, during the Qualifying Time Period, ; and unless this Agreement has been terminated as provided herein before such Tax Year, for each of the eight (8) Tax Years 2015, 2016, 2017, 2018, 2019, 2020, 2021, and 2022, and 2023, the Appraised Value of the Applicant’s Qualified Investment for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of: (a) the Market Value of the Applicant’s Qualified Investment; or (b) Eighty Million Dollars ($80,000,000.00). This Tax Limitation Amount is based on the limitation amount for the category that applies to the District on the effective date of this Agreement, as set out by Texas Tax Code § 313.023Code, §313.022(b) or §313.052.

LIMITATION ON APPRAISED VALUE. So long as the Applicant makes a Qualified Investment in the amount of Eighty Twenty Million Dollars ($80,000,000.0020,000,000.00), or greater, during the Qualifying Time Period, ; and unless this Agreement has been terminated as provided herein before such Tax Year, for each of the eight (8) Tax Years 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023, the Appraised Value of the Applicant’s Qualified Investment for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of: (a) the The Market Value of the Applicant’s Qualified Investment; or (b) Eighty Twenty Million Dollars ($80,000,000.0020,000,000.00). This The Tax Limitation Amount set forth in the immediately preceding Subsection(b) is based on the limitation amount for the category that applies to the District on the effective date of this Agreement, as set out by Texas Tax Code § 313.023313.022 (b) or § 313.052.

LIMITATION ON APPRAISED VALUE. So long as the Applicant makes a Qualified Investment in the amount of Eighty Million Dollars ($80,000,000.00), or greater, during the Qualifying Time Period, ; and unless this Agreement has been terminated as provided herein before such Tax Year, for each of the eight (8) Tax Years 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, and 20232024, the Appraised Value of the Applicant’s Qualified Investment for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of: (a) the Market Value of the Applicant’s Qualified Investment; or (b) Eighty Million Dollars ($80,000,000.00). This Tax Limitation Amount is based on the limitation amount for the category that applies to the District on the effective date of this Agreement, as set out by Texas Tax Code § 313.023.