Common use of PILOT Payments Clause in Contracts

PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the “PILOT Payments”) (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated Village of Port Jefferson, Town of Brookhaven, Brookhaven-Comsewogue Union Free School District, Suffolk County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Facility is or may be wholly or partially located) (the “Taxing Authorities”) which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Facility if the Facility were owned by the Company exclusive of the Agency’s leasehold interest (the “Taxes on the Facility”). The amounts of such PILOT Payments are set forth in Exhibit C attached hereto. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Facility was owned by the Company exclusive of the Agency’s leasehold interest.

Appears in 1 contract

Samples: Lease Agreement

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PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the “PILOT Payments”) (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated Village City of Port JeffersonPoughkeepsie, Town of Brookhaven, Brookhaven-Comsewogue Union Free Poughkeepsie City School District, Suffolk Dutchess County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Facility is or may be wholly or partially located) (the “Taxing Authorities”) which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Facility if the Facility were owned by the Company exclusive of the Agency’s leasehold interest (the “Taxes on the Facility”). The amounts of such PILOT Payments are set forth in Exhibit C attached hereto. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Facility was owned by the Company exclusive of the Agency’s leasehold interest.

Appears in 1 contract

Samples: Lease and Project Agreement

PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the “PILOT Payments”) (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated Village of Port Jefferson, Town of BrookhavenLaGrange, Brookhaven-Comsewogue Union Free Arlington Central School District, Suffolk Dutchess County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Facility is or may be wholly or partially located) (the “Taxing Authorities”) which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Facility if the Facility were owned by the Company exclusive of the Agency’s leasehold interest (the “Taxes on the Facility”). The amounts method of calculation for such PILOT Payments are set forth in Exhibit C attached heretohereto and made a part hereof. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Facility was owned by the Company exclusive of the Agency’s leasehold interest.

Appears in 1 contract

Samples: Lease and Project Agreement

PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the “PILOT Payments”) (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated Village of Port Jefferson, Town of BrookhavenPoughkeepsie, Brookhaven-Comsewogue Union Free Arlington Central School District, Suffolk Dutchess County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Facility is or may be wholly or partially located) (the “Taxing Authorities”) which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Facility if the Facility were owned by the Company exclusive of the Agency’s leasehold interest (the “Taxes on the Facility”). The amounts method of calculation for such PILOT Payments are set forth in Exhibit C attached hereto. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Facility was owned by the Company exclusive of the Agency’s leasehold interest.

Appears in 1 contract

Samples: Lease and Project Agreement

PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the “PILOT Payments”) (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated Village of Port Jefferson, Town of Brookhaven, Brookhaven-Comsewogue Union Free Sachem School District, Suffolk County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Phase 2B Facility is or may be wholly or partially located) (the “Taxing Authorities”) which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Phase 2B Facility if the Phase 2B Facility were owned by the Company exclusive of the Agency’s leasehold interest (the “Taxes on the Phase 2B Facility”). The amounts of such PILOT Payments are set forth in Exhibit C attached hereto. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Phase 2B Facility was owned by the Company exclusive of the Agency’s leasehold interest.

Appears in 1 contract

Samples: Lease Agreement

PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the “PILOT Payments”) (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated [Village of Port Jefferson], Town of Brookhaven, Brookhaven-Comsewogue Union Free [ ] School District, Suffolk County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Facility is or may be wholly or partially located) (the “Taxing Authorities”) which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Facility if the Facility were owned by the Company exclusive of the Agency’s leasehold interest (the “Taxes on the Facility”). The [amounts of/method of calculation for] such PILOT Payments are set forth in Exhibit C attached hereto. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Facility was owned by the Company exclusive of the Agency’s leasehold interest.

Appears in 1 contract

Samples: Lease Agreement

PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the "PILOT Payments") (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated Village of Port Jefferson, Town of BrookhavenIslip, Brookhaven-Comsewogue Union Free Central Islip School District, Suffolk County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Facility is or may be wholly or partially located) (the "Taxing Authorities") which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Facility if the Facility were owned by the Company exclusive of the Agency’s 's leasehold interest (the "Taxes on the Facility"). The amounts method of calculation for such PILOT Payments are set forth in Exhibit C attached hereto. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Facility was owned by the Company exclusive of the Agency’s 's leasehold interest.

Appears in 1 contract

Samples: Lease and Project Agreement (CVD Equipment Corp)

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PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the “PILOT Payments”) (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated Village of Port Jefferson, Town of BrookhavenHyde Park, Brookhaven-Comsewogue Union Free Hyde Park Central School District, Suffolk Dutchess County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Facility is or may be wholly or partially located) (the “Taxing Authorities”) which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Facility if the Facility were owned by the Company exclusive of the Agency’s leasehold interest (the “Taxes on the Facility”). The amounts method of calculation for such PILOT Payments are set forth in Exhibit C attached hereto. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Facility was owned by the Company exclusive of the Agency’s leasehold interest.

Appears in 1 contract

Samples: Lease Agreement

PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the “PILOT Payments”) (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated [Village of Port Jefferson], Town of BrookhavenIslip, Brookhaven-Comsewogue Union Free [ ] School District, Suffolk County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Facility is or may be wholly or partially located) (the “Taxing Authorities”) which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Facility if the Facility were owned by the Company exclusive of the Agency’s leasehold interest (the “Taxes on the Facility”). The [amounts of/method of calculation for] such PILOT Payments are set forth in Exhibit C attached hereto. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Facility was owned by the Company exclusive of the Agency’s leasehold interest.

Appears in 1 contract

Samples: Lease Agreement

PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the “PILOT Payments”) (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated Village of Port Jefferson, Town of BrookhavenPoughkeepsie, Brookhaven-Comsewogue Union Free Hyde Park Central School District, Suffolk Dutchess County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Company Facility is or may be wholly or partially located) (the “Taxing Authorities”) which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Company Facility if the Company Facility were owned by the Company exclusive of the Agency’s leasehold interest (the “Taxes on the Company Facility”). The amounts method of calculation for such PILOT Payments are set forth in Exhibit C attached hereto. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Company Facility was owned by the Company exclusive of the Agency’s leasehold interest.

Appears in 1 contract

Samples: Lease and Project Agreement

PILOT Payments. (a) As long as this Lease Agreement is in effect, the Company agrees to make payments in lieu of all real estate taxes and assessments (the "PILOT Payments") (in addition to paying all special ad valorem levies, special assessments or Special District Taxes and service charges against real property located in the Incorporated Village City of Port JeffersonPoughkeepsie, Town of Brookhaven, Brookhaven-Comsewogue Union Free Poughkeepsie City School District, Suffolk Dutchess County (including any existing incorporated village or any village which may be incorporated after the date hereof, within which the Facility is or may be wholly or partially located) (the "Taxing Authorities") which are or may be imposed for special improvements or special district improvements) which would be levied upon or with respect to the Facility if the Facility were owned by the Company exclusive of the Agency’s 's leasehold interest (the "Taxes on the Facility"). The amounts of such PILOT Payments are set forth in Exhibit C attached hereto. PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Facility was owned by the Company exclusive of the Agency’s 's leasehold interest.

Appears in 1 contract

Samples: Lease and Project Agreement

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