Common use of Other Agreements Relating to PILOT Payments Clause in Contracts

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.

Other Agreements Relating to PILOT Payments. The Agency shall remit to the Ta:-.;ing Taxing Jurisdictions nmounts amounts 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 I1, 2021 hich is 2016 which follows the first (1st) year of an approximately fifteen ten (15I 0) year period in which the Company is to receive tax benefits relative to the Facility. ln 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 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 of the exemptions provided by §485-b 485b of the Real Property Tax Law ("RPTL"). It is hereby agreed and understood that the Taxing Jurisdictions Jmisdictions can rely upon and enforce this waiver to the same extent as if it were signatories hereto. Timely payment of all amounts due shall be made by the Company notwithstanding any dispute related to the calculation of the PILOT Payment.

Other Agreements Relating to PILOT Payments. The Agency shall remit to the Ta:-.;ing Taxing Jurisdictions nmounts amounts 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 nori:nal taxes would have been allocated but for the Agency's involvement. The PILOT Payments provided for herein shall commence as of February I15, 2021 hich is 2020 which follows the first (1st) year of an approximately fifteen (15) year period in which the Company is to receive tax benefits relative to the FacilityProject. ln In no event shall the Company be entitled to receive tax benefits relative to the Facility Project for more than the period provided in this PILOT Agreement. The Company agrees that it will not seek any tax exemption for the Facility Project which could provide benefits for more than the periods provided for in this Agreement PILOT kgreement 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 ofthe of the exemptions provided by §485-b 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 they were signatories hereto.

Other Agreements Relating to PILOT Payments. The Agency shall remit to the Ta:-.;ing Taxing Jurisdictions nmounts amounts 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 made as of February I1, 2021 hich is 2011 was the first (1st) year of an approximately two (2) overlapping fifteen (15) year period periods (one relating to the 2009 Project; the other to the 2015 Project) in which the Company is to receive tax benefits relative to the FacilityProject. ln .In no event shall the Company be entitled to receive tax benefits relative to the Facility Project for more than the period provided in this Agreement. The Company agrees that it will not seek any tax exemption for the Facility Project which could provide benefits for more than the periods provided provide9 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 of the exemptions provided by §485-b of the Real Property Tax Law ("RPTL"). It is hereby agreed and understood that the Taxing Jurisdictions can can· rely upon and enforce this waiver to the same extent as if it were signatories hereto.

Other Agreements Relating to PILOT Payments. The Agency shall remit to the Ta:-.;ing Taxing Jurisdictions nmounts amounts 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 taxes would have been allocated but for the Agency's involvement. The PILOT Payments provided for herein shall commence as of February I1, 2021 hich is 2018 which follows 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 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 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 of the exemptions provided by §485-b 485b of the Real Property Tax Law ("RPTL"). 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.

Other Agreements Relating to PILOT Payments. The Agency shall remit to the Ta:-.;ing Taxing Jurisdictions nmounts arnow1ts 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 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 15,2018 which follows the first (1st) year of an approximately fifteen fourteen (1514) year period in which the Company is to receive tax benefits relative to the FacilityProject. ln Except as otherwise agreed to by written and approved consent,in no event shall the Company be entitled to receive tax benefits relative to the Facility Project for more than the period provided in this PILOT Agreement. The Company agrees that it will not seek any tax exemption for the Facility Project which could 60321-0 l 7v3 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 ofthe of the-exemptions provided by §485-b section 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 they were signatories hereto.