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

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 Jurisdictions in the same proportion as normal taxes would have been allocated but for the Agency's involvement. The PILOT Payments provided for herein shall commence as of February 1, 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. 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 of the exemptions provided by §485b 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 Taxing Jurisdictions amounts received hereunder within thirty thi1iy (30) days of receipt receipt, and shall allocate the PILOT Payments among the Taxing Jurisdictions in the same proportion propmiion 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, 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 Facility2017,. In no event eve.nt 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 §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 Taxing Jurisdictions 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 taxes would have been allocated but for the Agency's involvement. The PILOT Payments provided for herein shall commence as of February 1, 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 Facility2018. 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 §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 they were signatories hereto.

Other Agreements Relating to PILOT Payments. The Agency shall remit to the Taxing Ta.'Cing Jurisdictions amounts received hereunder within thirty (30) days of receipt receipt, and shall allocate the PILOT Payments among the Taxing Jurisdictions in the same proportion propmiion as normal taxes would have been allocated but for the Agency's involvement. The PILOT Payments provided for herein shall commence as of cif February 1, 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 Facility2018. 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 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 supersede· and are in substitution of the exemptions provided by §485b 4856 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 they were signatories hereto.