MUNICIPAL INCENTIVES Sample Clauses

MUNICIPAL INCENTIVES. Landlord shall reasonably cooperate with Tenant in connection with any renegotiation or transfer of any tax or other forms of concessions which have been granted to Tenant by the City of Irving, Texas. Tenant shall reimburse Landlord for any out-of-pocket costs and expenses incurred by Landlord in connection therewith, including Landlord’s reasonable attorney’s fees.
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MUNICIPAL INCENTIVES. (a) The Members acknowledge that Legacy Tenant has entered into the IXX Documents, and that the Building is intended to be designed and constructed in accordance with the terms thereof in order for Legacy Tenant to receive benefits under UTEP. The Members further acknowledge and agree that Legacy Tenant is required to pay PILOT to the IXX or the HYIC pursuant the Agency Lease Agreement and during any period in which the Agency Lease Agreement is not in effect, to the MTA pursuant to Section 4.11 of the Building C Lease, and that all such PILOT payments shall be a Project Cost and allocated to the Members in accordance with the terms of the Cost Allocation Methodology. The Members further acknowledge and agree that, during the term of the Construction Loan, PILOT payments will be funded to a reserve held by the Mortgage Loan Agent or Mezzanine Loan Agent for payment of PILOT to the IXX or HYIC, or to the MTA, as applicable, in accordance with the terms of the IXX Documents, pursuant to the terms of the Loan Documents. (b) Relief from sales and use tax has been obtained from the City of New York with respect to the improvements to be constructed on the Land as evidenced by the PILOST Agreement executed by Legacy Tenant the date hereof pursuant to Section 4.11 of the Building C Lease, and that certain Letter executed by the MTA on July 24, 2012. The Members acknowledge and agree that Legacy Tenant is required to pay PILOST to the MTA pursuant to the PILOST Agreement, and that all such PILOST payments shall be a Project Cost and allocated to the Members in accordance with the terms of the Cost Allocation Methodology. The Members further acknowledge and agree that, during the term of the Construction Loan, PILOST payments will be funded to a reserve held by the Mortgage Loan Agent or Mezzanine Loan Agent for payment of PILOST to the MTA in accordance with the terms of the PILOST Agreement, pursuant to the terms of the Loan Documents.
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MUNICIPAL INCENTIVES. Landlord and Tenant have entered into a Tax Abatement Agreement with the City of Xxxxxxxxxx and agree to diligently pursue a similar tax abatement agreement with the County of Dallas and the Dallas County Hospital District (the "TAX ABATEMENT AGREEMENT", whether one or more) pursuant to which such taxing authorities have agreed, or may agree, in connection with or as a result of the lease of the Premises to Tenant, to provide certain tax abatements to Tenant with respect to the Taxable Value of the Tenant's Tangible Personal Property and to Landlord with respect to the Taxable Value of the Land and the Building (all as described and defined therein). Pursuant to the Tax Abatement Agreement, any and all such tax abatements now or hereafter received by Landlord under the Tax Abatement Agreement are to inure to Tenant's benefit during the Term of this Lease. Accordingly, for so long as such tax abatement remains in effect (1) the portion of the taxes on the Building and the Land which are abated under the Tax Abatement Agreement and which would otherwise be included in Basic Cost shall for purposes of this Lease be assumed to be included in the Expense Stop and in Basic Cost, and (2) Tenant shall receive a dollar-for-dollar reduction in Rent annually in an amount equal to the abated taxes on the Building and the Land under the Tax Abatement Agreement. Landlord and Xxxxxx shall perform their respective obligations under the Tax Abatement Agreement and otherwise cooperate with one another to ensure that each party completes all requirements to obtain and maintain such tax abatements including, without limitation, making such periodic fillings or reports to such municipalities or political subdivisions as necessary to maintain such tax abatements.
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MUNICIPAL INCENTIVES. Landlord agrees to cooperate with Tenant -------------------- (but the same shall not require the expenditure of more than nominal amounts of money by Landlord) in Tenant's efforts to obtain all tax and other incentives available from any and all city, county, state, school or other applicable municipalities or jurisdictions in connection with Tenant's business conducted from the Demised Premises. All such incentives and benefits received by Tenant shall inure to the benefit of Tenant.
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MUNICIPAL INCENTIVES. Landlord has made application for tax and/or other abatements and/or incentives for the Project with the city of North Richland Hills, and Landlord shall diligently pursue such application until such time as the city of North Richland Hills approves or disapproves such application or Landlord determines, in the exercise of its reasonable business judgement, that it is not prudent to do so. Any and all incentives, abatements, and benefits received prior to and/or following the Commencement Date and applicable to the Term shall be included in the determination of Project Expenses so that the Project Expenses are effectively reduced by the amount of the savings achieved thereby. Landlord makes no (and hereby disclaims any) representation, warranty, covenant, assurance or other statement with respect to whether any such incentives shall be obtained, and Tenant acknowledges that it is not relying on any such representation, warranty, covenant, assurance or other statement by or on behalf of Landlord. The failure of Landlord to obtain any tax and/or other abatements and/or incentives for the Project shall have no affect on the obligations of Tenant hereunder.
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MUNICIPAL INCENTIVES. Landlord shall reasonably cooperate with Tenant (i) in connection with any renegotiation or transfer of any tax or other forms of concessions which have been granted to Tenant by the City of Irving, Texas, and (ii) in further discussions with the City of Irving, Texas to install traffic signs at the intersection of Royal Lane and Connection Drive, and the pedestrian cross-walk at Connection Drive. Tenant shall reimburse Landlord for any out-of-pocket costs and expenses incurred by Landlord in connection therewith, including Landlord’s reasonable attorney’s fees.
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MUNICIPAL INCENTIVES. Notwithstanding anything in this Lease to the contrary, as a material inducement for Tenant to enter into and perform its obligations under this Lease, Tenant’s obligations hereunder are contingent upon receipt by Tenant in the form of cash of a minimum of $400,000 in economic development funds (herein the “Incentive Funds”) from the City of St. Xxxx as an incentive for Tenant to locate to the St. Xxxx Central Business District. In the event Tenant has not received approval for the Incentive Funds on or before May 15, 2009, Tenant may terminate this Lease by notice to Landlord without liability or further obligation hereunder. Dated as of the date first above written. NEA GALTIER, LLC a Delaware limited liability company By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Managing Member By: /s/ Xxxx Xxxxx Name: Xxxx Xxxxx Title: Managing Member TENANT: CRAY INC., a Washington corporation By: /s/ Xxxxx X. Xxxxx Name: Xxxxx X. Xxxxx Title: Executive Vice President and Chief Financial Officer Tracts A, C and D, Registered Land Survey No. 417, files of Registrar of Titles, County of Xxxxxx. Tracts B, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T and U which lie below elevation 15.00 feet, Registered Land Survey No. 417, files of Registrar of Titles, County of Xxxxxx. Tracts B, C, D, E and F, Registered Land Survey No. 419, files of Registrar of Titles, County of Xxxxxx. Tracts C, D, E and F, Registered Land Survey No. 420, files of Registrar of Titles, County of Xxxxxx. Tracts A, H, I, J, K, N, O and P, Registered Land Survey No. 421, files of Registrar of Titles, County of Xxxxxx. Tracts A, C, E, G, H, I, J, K, L, M and N, Registered Land Survey No. 422, files of Registrar of Titles, County of Xxxxxx. Tracts E, H and J, Registered Land Survey No. 423, files of Registrar of Titles, County of Xxxxxx. That part of Tract F which lies below elevation 105.00 feet, Registered Land Survey No. 423, files of Registrar of Titles, County of Xxxxxx. That part of the Northwesterly 71.51 feet of Tract G, which lies below elevation 105.00 feet, Registered Land survey No. 423, files of the Registrar of Titles, County of Xxxxxx. That part of Tract G, lying Southeasterly of the Northwesterly 71.51 feet thereof, Registered Land Survey No. 423, files of the Registrar of Titles, County of Xxxxxx. Xxxxxx X, X, X, X, X and L, Registered Land Survey No. 424, files of Registrar of Titles, County of Xxxxxx. Tracts D, E, K and L, Registered Land Survey No. 425, files of Registrar...
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Related to MUNICIPAL INCENTIVES

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Educational Incentive For those employees receiving educational incentive payment at the time of layoff, upon re-employment, such employees shall be eligible to receive educational incentive.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Performance Incentives As a bonus, to supplement Assistant Coach’s compensation, as set out herein, the University agrees to pay the following sums upon attainment of each specified goal, provided the Program is in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Assistant Coach knew or should have known. Assistant Coach must also complete the _________ [insert sport] season as an Assistant [Men’s/Women’s] [delete if sport is football] __________ Coach to receive any performance incentives for that season. Payment will be made to Assistant Coach within 60 days after goal is accomplished. (a) $_________ in any contract year in which the team wins the __________ Conference championship. (b) $_________ in any contract year in which the team participates in post-season NCAA competition. (c) $_________ for each game that the team wins in NCAA post-season competition. (d) $_________ in any contract year in which the team wins the NCAA championship.]

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Education Incentive A. The following monthly education incentive pay will be paid to each employee upon completing the listed degree and providing proof of completion to the Agency. Associate Degree Two percent (2%) Bachelor Degree Four percent (4%) B. The above percentages will be based upon the employee’s base rate of pay. C. An employee will be entitled to one (1) education incentive pay only. D. Degrees must be from an accredited institution of higher education.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

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