Infrastructure Credits Sample Clauses

Infrastructure Credits. Subject to the provisions herein, the County grants a special source revenue credit (“Special Source Revenue Credit” or “SSRC”) to the Company in an amount equal to thirty percent (30%) of each Fee Payment due for the Project for a period of ten (10) years (“Credit Period”). Any SSRC set forth in this Amended Agreement shall only apply to the Fee Payments due with respect to the Project. For purposes of this Amended Agreement, the Project commences as of January 1, 2012. The Credit Period shall commence in the first year for which the Company elects to claim the SSRC in accordance with Section 3 of this Agreement. The Company and the County agree that the first year of the Credit Period was property tax year 2013 (i.e., the Fee Payment due on or before January 15, 2014). Upon the Company’s achievement of $30,000,000 of investment, without regard to depreciation (“SSRC Threshold”), the County grants (a) an extension of the Credit Period to fifteen (15) years and (b) a supplemental SSRC to the Company in an amount equal to five percent (5%) of each Fee Payment due for the Project for the period beginning with the Fee Payment due for the tax year in which the SSRC Threshold is first achieved and ending with the final Fee Payment due for the Credit Period (“Supplemental Credit Period”). Any SSRC provided under this Amended Agreement shall be used to reimburse the Company for eligible expenditures, as permitted by the Infrastructure Credit Act, which includes the cost of designing, acquiring, constructing, improving, or expanding the infrastructure serving the Company’s property, for improved or unimproved real estate or for machinery and equipment provided that any SSRC benefits shall be first deemed to be applied to the eligible expenditures other than the machinery and equipment. In no event shall the aggregate amount of SSRCs received as of any point in time exceed the amount of the Company’s aggregate investment in such eligible expenditures as of such time.
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Infrastructure Credits. (a) To assist the Company in paying for costs of Infrastructure, the FILOT Payments due for property tax years 2019-2028 shall be reduced by twenty-five percent (25%). In no event may the Company’s aggregate Infrastructure Credit claimed pursuant to this Section exceed the aggregate expenditures by the Company on Infrastructure.
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Infrastructure Credits. (a) Subject to the provisions of paragraph (b) of this Section 3.03, commencing with the payment of the fee in lieu of tax payments for the Project in the Park finally due from the Company to Greenville County on January 15, 2014, and continuing for a period of four (4) years thereafter (for a total of five (5) payment periods), the County hereby promises to and does hereby provide to the Company a credit equal to 20% of the Greenville Fee Payments. The Infrastructure Credit shall be taken as an offset against the Greenville Fee Payments in each of the years due. The Company is therefore entitled to make a payment to the County, and the County will accept such payment for a period of five (5) years, equal to 20% of the Greenville Fee Payment which would be due in the absence of this Agreement.
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Infrastructure Credits. (a) In order to reimburse the Company for a portion of the Cost of the Infrastructure with respect to the Project, commencing with the annual Fee Payment to be first payable on or before the January 15 immediately following the year immediately following the first year in which any portion of the Project is first placed in service, the County shall provide to the Company Infrastructure Credits for a period of eight (8) consecutive years in an amount equal to twenty percent (20%) of that portion of Fee Payments payable by the Company with respect to the Project in the Park (that is, with respect to investment made by the Company under the FILOT Agreement during the Investment Period), calculated and applied after payment of the amount due the non-host county under the Park Agreement.
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Infrastructure Credits. (a) In order to reimburse the Company for a portion of the Cost of the Infrastructure with respect to the Project, if the Company should invest in the aggregate the Investment Target prior the expiration of the Investment Period, then commencing with the first annual Fee Payment to be payable after the Company notifies the County that it has reached the Investment Target by sending to the County the notice attached hereto as Exhibit B, the County shall provide to the Company Infrastructure Credits for a period of ten (10) consecutive years in an amount equal to twenty-five percent (25%) of that portion of Fee Payments payable by the Company with respect to the Project (that is, with respect to investment made by the Company under the FILOT Agreement during the Investment Period), calculated and applied after payment of the amount due the non-host county under the Park Agreement.
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Infrastructure Credits. (a) In order to reimburse the Companies for a portion of the Cost of the Infrastructure with respect to the Project, commencing with the annual Fee Payment to be first payable on or before the January 15 immediately following the year immediately following the first year in which any portion of the Project is first placed in service, the County shall provide to the Operating Company and the Landlord Infrastructure Credits for a period of five (5) consecutive years in an amount equal to ten percent (10%) of that portion of Fee Payments payable by the Operating Company and the Landlord with respect to the Project (that is, with respect to investment made by the Companies under the FILOT Agreement during the Investment Period), calculated and applied after payment of the amount due the non-host county under the Park Agreement.
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Infrastructure Credits. To assist in paying for costs of Infrastructure, the Company and any qualifying Sponsor is entitled to claim an Infrastructure Credit to reduce certain FILOT Payments due and owing from the Sponsor to the County under this Fee Agreement. All qualifying expenses of the Sponsor during the Investment Period shall qualify for a 30-year, 40% Infrastructure Credit. Beginning with the first annual FILOT Payment and continuing for the next twenty-nine annual FILOT Payments, the Sponsor will receive an annual credit in an amount equal to 40% of the annual FILOT Payment with respect to the Project; provided however, the Company or any Sponsor or Sponsor Affiliate may elect to begin application of the Infrastructure Credit in a year other than the year in which the first annual FILOT Payment is made. Such election may be made for each Subdivided Parcel (as defined in Section 9.2), unless already elected by the Company. In such event, the Company, Sponsor or Sponsor Affiliate, as the case may be, shall provide notice to the Economic Development Director of the County. Upon selection by the Company of the year in which the Infrastructure Credit shall first apply, the Infrastructure Credit will continue to be applied to the next twenty-nine annual FILOT Payments. In no event may the Sponsor’s aggregate Infrastructure Credit claimed pursuant to this Section exceed the aggregate expenditures by the Sponsor on Infrastructure. For each property tax year in which the Infrastructure Credit is applicable (“Credit Term”), the County shall prepare and issue the annual bills with respect to the Project showing the Net FILOT Payment. Following receipt of the bill, the Sponsor shall timely remit the Net FILOT Payment to the County in accordance with applicable law.
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Infrastructure Credits. (a) To assist in paying for costs of Infrastructure, the County shall provide an Infrastructure Credit against certain of the Company’s Fee Payments due with respect to the Project. The term, amount and calculation of the Infrastructure Credit is described in Exhibit B.
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Related to Infrastructure Credits

  • Infrastructure (a) The Borrower has and will maintain a sufficient infrastructure to conduct its business as presently conducted and as contemplated to be conducted following its execution of this Agreement.

  • Infrastructure Vulnerability Scanning Supplier will scan its internal environments (e.g., servers, network devices, etc.) related to Deliverables monthly and external environments related to Deliverables weekly. Supplier will have a defined process to address any findings but will ensure that any high-risk vulnerabilities are addressed within 30 days.

  • Infrastructure Improvements The design, redevelopment and construction and completion of certain infrastructure improvements, including sewer, stormwater, electrical and water main improvements, along with other similar improvements.

  • Network Resource Interconnection Service (check if selected)

  • Energy Resource Interconnection Service (ER Interconnection Service).

  • Preventive Care and Early Detection Services This plan covers, early detection services, preventive care services, and immunizations or vaccinations in accordance with state and federal law, including the Affordable Care Act (ACA), as set forth below and in accordance with the guidelines of the following resources: • services that have an A or B rating in the current recommendations of the U.S. Preventative Services Task Force (USPSTF); • immunizations recommended by the Advisory Committee on Immunization Practices of the Centers for Disease Control and Prevention; • preventive care and screenings for infants, children, and adolescents as outlined in the comprehensive guidelines supported by the Health Resources and Services Administration (HRSA); or • preventive care and screenings for women as outlined in the comprehensive guidelines as supported by HRSA. Covered early detection services, preventive care services and adult and pediatric immunizations or vaccinations are based on the most currently available guidelines and are subject to change. The amount you pay for preventive services will be different from the amount you pay for diagnostic procedures and non-preventive services. See the Summary of Medical Benefits and the Summary of Pharmacy Benefits for more information about the amount you pay. Preventive Office Visits This plan covers the following preventive office visits. • Annual preventive visit - one (1) routine physical examination per plan year per member age 36 months and older; • Pediatric preventive office and clinic visits from birth to 35 months - 11 visits; • Well Woman annual preventive visit - one (1) routine gynecological examination per plan year per female member.

  • Information regarding Interconnection Facilities 4.2.1 The SPD shall be required to obtain all information from the STU/CTU/concerned authority with regard to the Interconnection Facilities as is reasonably necessary to enable it to design, install and operate all interconnection plant and apparatus on the SPD’s side of the Delivery Point to enable delivery of electricity at the Delivery Point. The transmission of power up to the point of interconnection where the metering is done for energy accounting shall be the responsibility of the SPD at his own cost.

  • Prevention Care Services and Early Detection Services See Prevention and Early Detection Services section for details. 0% Not Covered Private Duty Nursing Services* Must be performed by a certified home health care agency. 0% - After deductible Not Covered

  • Interconnection Customer Provided Services The services provided by Interconnection Customer under this LGIA are set forth in Article 9.6 and Article 13.5.1. Interconnection Customer shall be paid for such services in accordance with Article 11.6.

  • Critical Infrastructure Subcontracts For purposes of this Paragraph, the designated countries are China, Iran, North Korea, Russia, and any countries lawfully designated by the Governor as a threat to critical infrastructure. Pursuant to Section 113.002 of the Business and Commerce Code, Contractor shall not enter into a subcontract that will provide direct or remote access to or control of critical infrastructure, as defined by Section 113.001 of the Texas Business and Commerce Code, in this state, other than access specifically allowed for product warranty and support purposes to any subcontractor unless (i) neither the subcontractor nor its parent company, nor any affiliate of the subcontractor or its parent company, is majority owned or controlled by citizens or governmental entities of a designated country; and (ii) neither the subcontractor nor its parent company, nor any affiliate of the subcontractor or its parent company, is headquartered in a designated country. Contractor will notify the System Agency before entering into any subcontract that will provide direct or remote access to or control of critical infrastructure, as defined by Section 113.001 of the Texas Business & Commerce Code, in this state.

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