Abatement Percentages Sample Clauses

Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Basic Manufacturing or Service Facility and the percentage of tax abatement shall be in accordance with the schedule set out below conditioned upon the Facility providing at least at least 20 net new full-time jobs and $500 million in New Capital Investment. Year Percentage of Abatement Construction Period 100% (not to exceed 5 years) Year 1 70% Year 2 70% Year 3 70% Year 4 70% Year 5 70%
Sample 1See All (6)
AutoNDA by SimpleDocs
Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Basic Manufacturing or Service Facility and the percentage of tax abatement shall be in accordance with the applicable schedule below conditioned upon the Facility providing at least $750 million in New Capital Investment and at least 200 net new full-time jobs:
Sample 1
Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of the project. The Project has been identified as a Basic Manufacturing or Service Facility and the percentage of tax abatement shall be in accordance with the following schedule conditioned upon the Project providing at least $750 million in new capital investment and at least 200 net new full-time jobs: Year Percentage of Abatement Construction Period 100% (not to exceed 3 years) Year 1 70% Year 2 70% Year 3 70% Year 4 70% Year 5 70% Year 6 70% Year 7 70% In the event that the Project provides less than the required new capital investment stated above but at least $500 million in new capital investment and at least 20 net new full-time jobs, the percentage of tax abatement shall be in accordance with the following schedule: Year Percentage of Abatement Construction Period 100% (not to exceed 5 years) Year 1 70% Year 2 70% Year 3 70% Year 4 70% Year 5 70%
Sample 1

Related to Abatement Percentages

  • OPWC/Local Subdivision Participation Percentages For the sole and express purpose of financing/reimbursing costs of the Project, the estimated costs of which are set forth and described below, the Recipient hereby designates its Local Subdivision Percentage Contribution as amounting to a minimum total value of 21.5 % of the total Project Cost. The OPWC Participation Percentage shall be 76.2 % not to exceed $ 1,768,247 .

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Free Credit Balances Your selection of a sweep program above will not be effected until your Account paperwork has been accepted by LPL as being in good order. Until such time, available cash balances (from securities transactions, dividend and interest payments, deposits and other activities) will not be automatically swept and will be held as a free credit balance. A free credit balance is a liability of LPL and payable to the Account on demand. Interest will not be paid to the Account on free credit balances. Unless we hear from you to the contrary, it is our understanding that any free credit balances held in your Account are pending investment. Free credit balances may be used by LPL in the ordinary course of its business subject to the requirements of Rule 15c3-3 under the Securities Exchange Act of 1934. The use of customer free credit balances generally generates revenue for LPL in the forms of interest and income, which LPL retains as additional compensation for its services to its clients. Under these arrangements, LPL will generally earn interest or a return based on short-term market interest rated prevailing at the time. If you are acting on behalf of a Plan, the Responsible Plan Fiduciary agrees that it has independently determined that holding cash balances, pending LPL’s acceptance of the Account, as a free credit balance, which does not earn income for the Plan, is both (i) reasonable and in the best interests of the Plan and (ii) that the Plan receives no less, nor pays no more, than adequate consideration with respect to this arrangement. If the Responsible Plan Fiduciary chooses to avoid holding un-invested cash as a free credit balances, the Plan should not fund the Account until after the Account paperwork has been accepted by LPL as being in good order.

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

  • Lower Salary Level An employee who accepts another position with a lower salary range will be paid an amount equal to their current salary, provided it is within the salary range of the new position. In those cases where the employee’s current salary exceeds the maximum amount of the salary range for the new position, the employee will be compensated at the maximum salary of the new salary range.

  • Percentage Rent In addition to the Base Rent, Lessee shall be: (check one) ☐ - Not required to make payments related to Lessee’s sales or revenue (“Percentage Rent”). ☐ - Required to pay __________________ percent (____%) of __________________ (gross sales, net sales, etc.). Such payment shall be made ☐ Monthly ☐ Quarterly ☐ Annually along with a receipt to show proof of percentage calculation (“Percentage Rent”). The Base Rent and the Percentage Rent shall be referred collectively to as the “Rent.”

  • PERCENTAGE GOAL The goal for Historically Underutilized Business (HUB) participation in the work to be performed under this contract is 23.7 % of the contract amount.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!