PILOT Agreement definition

PILOT Agreement means the Agreement for Payments in Lieu of Ad Valorem Taxes entered into by and among the Board, the Company, the City and the County.

PILOT Agreement means a payment-in-lieu of tax agreement entered into between the Borrower or a Restricted Subsidiary and a Governmental Authority.

PILOT Agreement means that certain Payment in Lieu of Tax Agreement dated June 15, 2017, by and between the IDB and RHP, as amended, restated, supplemented or otherwise modified from time to time.

Examples of PILOT Agreement in a sentence

• The Assignee accepts the assignment of and hereby assumes and agrees to perform, fulfill and comply with all covenants and obligations to be performed, fulfilled or complied with by the Assignor under the PILOT Agreement arising from and after the Effective Date.

• The Agency hereby consents to the foregoing assignment and assumption of the PILOT Agreement and acknowledges that all requirements of the PILOT Agreement with respect to the assignment thereof have been complied with or compliance has been waived by the Agency.

• All terms, conditions, covenants, representations and warranties of the Assignor contained in the PILOT Agreement, except as expressly modified hereby, are hereby adopted, ratified and confirmed by the Assignee as of the date hereof, remain in full force and effect as of the date hereof, and are subject to the terms of this Assignment Agreement.

• The Assignor hereby assigns, conveys and transfers to the Assignee all of the Assignor’s right, title and interest in, to and under the PILOT Agreement.

• The parties agree that any provision of the PILOT Agreement prohibiting or restricting the transfer and assumption contemplated hereby shall be deemed complied with for this transaction only, but shall continue to apply to any future assignment, assumption or transfer by the Assignee.

More Definitions of PILOT Agreement

PILOT Agreement has the meaning set forth in Paragraph 28.8.1 below.

PILOT Agreement means the Payment-in-Lieu-of-Tax Agreement, dated as --------------- of February 15, 1995, between the Company and the Agency, as amended from time to time.

PILOT Agreement means that certain Memorandum of Understanding with respect to Payment in Lieu of Taxes to be paid to the Town of Watertown by President and Fellows of Harvard College dated as of July 1, 2002.

PILOT Agreement means that certain Tax Pilot and Tax Incentive Development Agreement dated as of December 12, 2012, between Borrower and the City of Bridgeport, as amended by that certain Correction to Tax Pilot and Tax Incentive Development Agreement dated as of April 1, 2019, between Borrower and the City of Bridgeport, as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof.

PILOT Agreement means the Biodiesel Purchase Agreement dated October 17, 2006 by and between the Company and Pilot Travel Centers, LLC.

PILOT Agreement means that certain Amended and Restated Agency Lease Agreement effective as of the date hereof by and between the New York City Industrial Development Agency (the “IDA”) and Landlord, as the same may be modified from time to time.

PILOT Agreement means that certain Restated and Amended 19 Agreement between the Port Authority and the City of New York, dated as of November 24, 2004, as the 20 same has been and may hereafter be amended from time to time. 21 (iii) [Intentionally Omitted.]