Period of Benefits. The tax benefits provided for herein should be deemed to include (i) the 2024-25 School District tax year through the 2038-2039 School District tax year, and (ii) the 2025 County and Town tax years through the 2039 County and Town tax years. This Tax Agreement shall expire on December 31, 2039; provided, however, the Company shall pay (i) the 2039-40 School District tax bill, and (ii) the 2040 County and Town tax bills on the dates and in the amounts as if the Agency were not in title on the tax status date with respect to said tax years. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Tax Agreement executed by both parties after any applicable public hearings. The Company agrees that it will not seek any tax exemption for the Facility while this Tax Agreement is in effect, which could provide benefits for more than the periods provided for herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b of the RPTL. It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto.
Period of Benefits. The tax benefits provided for herein shall be deemed to include for the Land, the Existing Improvements, if any, and the Improvements for (i) the 2024 County and Town tax year through the 2033 County and Town Tax year, and (ii) the 2023/2024 School District tax year through the 2032/2033 School District tax year. This PILOT Agreement shall expire on December 31, 2033; provided, however, the Company shall pay the 2034 County and Town tax bill and the 2033/2034 School tax bill on the dates and in the amounts as if the Agency were not in title on the tax lien date with respect to said tax years. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Agreement executed by both parties after any applicable public hearings. 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 herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b and 485-e of the New York Real Property Tax Law (“RPTL”). It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto.
Period of Benefits. The tax benefits provided for herein shall be deemed to include for the Land and Existing Improvements, if any (i) the 2013 County and Town tax year through the 2033 County and Town Tax year, and (ii) the 2012/2013 School tax year through the 2032/2033 School tax year. This PILOT Agreement shall expire on December 31, 2033; provided, however, the Company shall pay the 2034 County and Town tax bill and the 2033/2034 School tax bill on the dates and in the amounts as if the Agency were not in title on the tax lien date with respect to said tax years. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Agreement executed by both parties after any applicable public hearings. 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 herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b and 485-e of the New York Real Property Tax Law (“RPTL”). It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto.
Section 1.6. Section 6.1 of the 2018 PILOT Agreement is amended to read as follows:
6.1 As specific inducement for Agency entering into this PILOT Agreement with the Company, the Company shall retain and create the full-time or equivalent jobs set forth in the Application for Financial Assistance dated December 22, 2021 (the “Application”) and within the Agent Agreement, dated as of the date hereof, during the term of this PILOT Agreement at the Facility. Further, the Company pledges commercially reasonable efforts to hire persons from the Wayne County, New York work force. Company shall promptly provide employment figures to the Agency as requested. M&T Bank (herein, the “Lender”), is hereby granted the right, but not an obligation, to cure any Event of Default hereunder and within the 2011 PILOT Agreement, as amended by the 2018 PILOT Agreement, with notice and cure periods as provided within same.
Section 1.7. Schedule A to the 2018 PILOT Agreement is hereby amended and replaced with Schedule A, hereto.
Section 1.8. All other provisions of the 2018 PILOT Agreement ...
Period of Benefits. The tax benefits provided for herein shall be deemed to include: (i) the 2020 County tax year through the 2037 County tax year, and (ii) the 2019-20 City tax year through the 2036-37 City tax year. This Tax Agreement shall expire
Period of Benefits. The tax benefits provided for herein shall be deemed to include: (i) the 2025 County tax year and (ii) the 2024-2025 City tax year. This Tax Agreement shall expire on December 31, 2025 (with the understanding that the Company will be making a payment hereunder for the 2026 County tax year and the 2025- 2026 City tax year in the amounts as if the Agency were not in title on the tax lien date with respect to said tax years). In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Agreement executed by both parties after any applicable public hearings. 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 herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b of the RPTL; provided, the foregoing shall not be interpreted to limit the Company and Agency from subsequently agreeing to additional benefits based upon commitments to make additional improvements or changes in use from time to time between the Agency and the Company. It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto.
Period of Benefits. Subject to the extension provided in Section 2, Players will continue to receive the benefits provided in this Article through the end of the Plan Year in which they are released or otherwise sever employment. Players vested due to their Credited Seasons under the Retirement Plan who are released or otherwise sever employment after May 1 in a calendar year will continue to receive the benefits provided under this section until the first regular season game of the season that begins in the following calendar year. Group benefits are guaranteed during the term of this Agreement unless required to be modified by law.
Period of Benefits. Subject to the provisions of Section 1.3.4 and Article V of this Agreement, the Company shall have the right to terminate this Agreement or terminate this Agreement with respect to a portion of the real property subject to this Agreement, whereupon the Lease Agreement shall be terminated, or in the case of a partial termination the real property which is the subject of the partial termination shall be released from the Lease Agreement, and the real property, or portion thereof, as the case may be, shall automatically become taxable and be placed on the taxable rolls. Nothing herein shall affect the Company’s right under the Act to enter into a new PILOT agreement or a new lease agreement with the Agency.
Period of Benefits. The tax benefits provided for herein should be deemed to include (i) the 2023-24 School District tax year through the 2052-53 School District tax year, and
Period of Benefits. The tax benefits provided for herein should be deemed to include (i) the 2026 City and County tax year through the 2058 City and County tax year, and (ii) the 2025-2026 School District tax year through the 2057-2058 School District tax year. This PILOT Agreement shall expire on December 31, 2058. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Agreement executed by both parties after any applicable public hearings. 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 herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b of the New York Real Property Tax Law ("RPTL"). It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto.
