FILOT Payments on Replacement Property. If the Company or any Sponsor Affiliate elects to replace any Removed Components and to substitute such Removed Components with Replacement Property as a part of the Economic Development Property, or the Company or any Sponsor Affiliate otherwise utilizes Replacement Property, then, pursuant and subject to the provisions of Section 12-44-60 of the FILOT Act, the Company or such Sponsor Affiliate shall make statutory payments in lieu of ad valorem taxes with regard to such Replacement Property in accordance with the following:
Appears in 124 contracts
Samples: Tax and Special Source Credit Agreement, Credit Agreement, Credit Agreement
FILOT Payments on Replacement Property. If the Company or any Sponsor Affiliate elects to replace any Removed Components and to substitute such Removed Components with Replacement Property as a part of the Economic Development Property, or the Company or any Sponsor Affiliate otherwise utilizes Replacement Property, then, pursuant and subject to the provisions of Section 12-44-60 of the FILOT Act, the Company or such Sponsor Affiliate shall make statutory payments in lieu of ad valorem taxes with regard to such Replacement Property in accordance with the following:
Appears in 43 contracts
Samples: Credit Agreement, Tax Agreement, Credit Agreement
FILOT Payments on Replacement Property. (a) If the Company or any Sponsor Affiliate Affiliate(s) elects to replace any Removed Components and to substitute such Removed Components with Replacement Property as a part of the Economic Development Property, or the Company or any Sponsor Affiliate Affiliate(s) otherwise utilizes Replacement Property, then, pursuant and subject to the provisions of Section 12-44-60 of the Negotiated FILOT Act, the Company or such Sponsor Affiliate Affiliate(s) shall make statutory payments in lieu of ad valorem taxes with regard to such Replacement Property in accordance with the following:
Appears in 3 contracts
Samples: Tax and Incentive Agreement, Tax and Incentive Agreement, Tax and Incentive Agreement
FILOT Payments on Replacement Property. If the Company Companies or any Sponsor Affiliate elects elect to replace any Removed Components and to substitute such Removed Components with Replacement Property as a part of the Economic Development Property, or the Company Companies or any Sponsor Affiliate otherwise utilizes utilize Replacement Property, then, pursuant and subject to the provisions of Section 12-44-60 of the FILOT Act, the Company Companies or such Sponsor Affiliate shall make statutory payments in lieu of ad valorem taxes with regard to such Replacement Property in accordance with the following:
Appears in 1 contract
Samples: Of Tax Agreement
FILOT Payments on Replacement Property. If the Company Co-Sponsors or any Sponsor Affiliate elects elect to replace any Removed Components and to substitute such Removed Components with Replacement Property as a part of the Economic Development Property, or the Company Co-Sponsors or any Sponsor Affiliate otherwise utilizes utilize Replacement Property, then, pursuant and subject to the provisions of Section 12-44-60 of the FILOT Act, the Company Co- Sponsors or such Sponsor Affiliate shall make statutory payments in lieu of ad valorem taxes with regard to such Replacement Property in accordance with the following:
Appears in 1 contract
