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2 80 percent <br /> 3 60 percent <br /> 4 50 percent <br /> 5 25 percent <br /> Section 4.03. Time for Payment. <br /> (a) Grant Payments for Additional Property Taxes. The City will <br /> make a Grant Payment for Additional Property Taxes to the Company within 30 <br /> days of the later of: i)the Hays County Tax Assessor-Collector ("Hays County") <br /> remitting or crediting Additional Property Taxes to the City for the applicable <br /> calendar year and ii) the City's receipt of a written request from Company for a <br /> Grant Payment. If the City has not received such applicable payment at the time of <br /> its receipt of the Company's written request, the City shall immediately request <br /> such payment from Hays County. With respect to the first calendar year,the written <br /> request will be accompanied by a certification that Company is in compliance with <br /> this Agreement for such calendar year. <br /> (b) Grant Payments for Sale Tax Revenue. The City will make a <br /> Grant Payment for Sales Tax Revenue to the Company within 30 days of the later <br /> of: i) the Comptroller remitting or crediting Sales Tax Revenue to the City after <br /> each Sales Tax Revenue Computation Quarter and ii)the City's receipt of a written <br /> request from Company for a Grant Payment. If the City has not received such <br /> applicable payment at the time of its receipt of the Company's written request, the <br /> City shall immediately request such payment from the Comptroller. With respect <br /> to the first Sales Tax Revenue Computation Quarter, the written request will be <br /> 5 <br /> 4874-3828-6824,v. 13 <br />