Other Agreements Relating to PILOT Payments Sample Clauses

Other Agreements Relating to PILOT Payments. The Agency shall remit to the Ta:-.;ing Jurisdictions nmounts received hereunder within thirty (30) days of receipt and shall allocate the PILOT Payments among the Taxing Jurisdictions in the same proportion as normal Real Estate Taxes would have been allocated but for the Agency's involvement. The PILOT Payments provided for herein shall commence as of February I, 2021 hich is the first (1st) year of an approximately fifteen (15) year period in which the Company is to receive tax benefits relative to the Facility. ln no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the period provided in this Agreement. The Company agrees that it will not seek any tax exemption for the Facility which could provide benefits for more than the periods provided for in this Agreement and specifically agrees that the exemptions provided for in this Agreement, to the extent actually received (based upon the number of years elapsed), supersede and are in substitution ofthe exemptions provided by §485-b of the Real Property Tax Law ("RPTL"). It is hereby agreed and understood that the Taxing Jurisdictions can rely upon and enforce this waiver to the same extent as if it were signatories hereto.
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Other Agreements Relating to PILOT Payments. The Agency shall remit to the Ta.'Cing Jurisdictions amounts received hereunder within thirty (30) days of receipt, and shall allocate the PILOT Payments among the Taxing Jurisdictions in the same propmiion as normal taxes would have been allocated but for the Agency's involvement. The PILOT Payments provided for herein shall commence as cif February 1, 2018. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the period provided in this Agreement. The Company agrees that it will not seek any tax exemption· for the Facility which could provide benefits for more than the periods provided for in this PILOT Agreement and specifically agrees that the exemptions provided for in this PILOT Agreement, to the extent actually received (based upon the number of years elapsed), supersede· and are in substitution of the exemptions provided by §4856 of the Real Property Tax Law ("RPTL"). It is hereby agreed and understood that the Taxing Jurisdictions can rely upon and enforce this waiver to the same extent as if they were signatories hereto.
Sample 1
Other Agreements Relating to PILOT Payments. The Agency shall remit to the TIDCing Jurisdictions PILOT Payments received hereunder within thirty (30) days of receipt and shall .allocate the PILOT Payments among the Taxing Jurisdictions in the same proportion as normal real estate taxes would have been allocated but for the Agency's involvement. The Company shall not be entitled to receive from the Agency or the; Taxing Jurisdictions real property tax benefits relative to the Project for more than the pe;riod provided in this Agreement. The Company therefore agrees that it will·not seek from the Agency or the. Taxing Jurisdictions any such real property tax exemption for the Project hich could provide benefits for more than the periods provided for i:1;1 this Agreement.
Sample 1
Other Agreements Relating to PILOT Payments. The Agency shall remit to the Taxing Jurisdictions amounts received hereunder within thirty (30) days of receipt, and shall allocate the PILOT Payments among the Taxing Jmisdictions in the san1e proportion as normal taxes would have been allocated but for the Agency's involvement. The PILOT Payments provided for herein shall be commence as of February 1, 2017, which is the first (1st) year of the Agency's involvement with the Project. During the period following the date hereof and prior to the PILOT Payment date following the 60313-008v6 date on which the Wellness Center opens for business, the Company shall make PILOT Payments equal to what the real estate taxes would have been but for the involvement ofthe Agency with the Project. The PILOT Payment date following the date on which the Wellness Center opens for bt1siness is projected to be February 1, 2018 and the first (1st) year of an approximately sixteen (16) year period in which the Company is to receive real property tax benefits relative to the Facility. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the period provided in this Agreement. The Company agrees that it will not seek any tax exemption for the Facility which could provide benefits for more than the periods provided for in this PILOT Agreement and specifically agrees that the exemptions provided for in this PILOT Agreement, to the extent actually received (based upon the number ofyears elapsed), supersede and are in substitution ofthe exemptions provided by §485b ofthe Real Property Tax Law ("RPTL"). It is hereby agreed and understood that the Taxing Jurisdictions can rely upon and enforce this waiver to the same extent as ifit were signatories hereto.
Sample 1

Related to Other Agreements Relating to PILOT Payments

  • Obligations relating to Project Agreements 5.2.1 It is expressly agreed that the Concessionaire shall, at all times, be responsible and liable for all its obligations under this Agreement notwithstanding anything contained in the Project Agreements or any other agreement, and no default under any Project Agreement or agreement shall excuse the Concessionaire from its obligations or liability hereunder.

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  • FEES AND EXPENSES RELATING TO SERVICES 15.1 In consideration of the provision of the Services, Transnet will pay to the Service Provider the Fees detailed in the relevant schedule or Work Order.

  • Federal Requirements Pertaining to Grants and Subrecipient Agreements A. Requirement to Have a Single Audit: In the case that this Agreement is a Grant that is funded in whole or in part by federal funds, the Subrecipient will complete the Subrecipient Annual Report annually within 45 days after its fiscal year end, informing the State of Vermont whether or not a Single Audit is required for the prior fiscal year. If a Single Audit is required, the Subrecipient will submit a copy of the audit report to the granting Party within 9 months. If a single audit is not required, only the Subrecipient Annual Report isrequired. For fiscal years ending before December 25, 2015, a Single Audit is required if the subrecipient expends $500,000 or more in federal assistance during its fiscal year and must be conducted in accordance with OMB Circular A-133. For fiscal years ending on or after December 25, 2015, a Single Audit is required if the subrecipient expends $750,000 or more in federal assistance during its fiscal year and must be conducted in accordance with 2 CFR Chapter I, Chapter II, Part 200, Subpart F. The Subrecipient Annual Report is required to be submitted within 45 days, whether or not a Single Audit is required.

  • Participating TO Obligations The Participating TO shall maintain the Participating TO’s Transmission System and the Participating TO’s Interconnection Facilities in a safe and reliable manner and in accordance with this LGIA.

  • CAISO and Participating TO Obligations The CAISO and Participating TO shall cause the Participating TO’s Transmission System to be operated and controlled in a safe and reliable manner and in accordance with this LGIA. The Participating TO at the Interconnection Customer’s expense shall cause the Participating TO’s Interconnection Facilities to be operated, maintained and controlled in a safe and reliable manner and in accordance with this LGIA. The CAISO and Participating TO may provide operating instructions to the Interconnection Customer consistent with this LGIA and Participating TO and CAISO operating protocols and procedures as they may change from time to time. The Participating TO and CAISO will consider changes to their operating protocols and procedures proposed by the Interconnection Customer.

  • Obligations relating to Change in Ownership 5.3.1 The Concessionaire shall not undertake or permit any Change in Ownership, except with the prior approval of the Authority.

  • Our Liability for Failing to Make Transfers If we do not complete a transaction to or from the Card on time or in the correct amount according to our Agreement with you, we may be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • INDEMNIFICATION RELATING TO INTELLECTUAL PROPERTY Contractor shall indemnify and hold the Department and the State of Utah harmless from and against any and all damages, expenses (including reasonable attorneys' fees), claims, judgments, liabilities, and costs in any action or claim brought against the Department or the State of Utah for infringement of a third party’s copyright, trademark, trade secret, or other proprietary right. The parties agree that if there are any limitations of Contractor’s liability, such limitations of liability will not apply to this section.

  • GENERAL CONDITIONS OF CONTRACT 1. Definitions 1.1 In this Contract, the following terms shall be interpreted as indicated:

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