Special Source Credits. (a) In accordance with and pursuant to Section 12-44-70 of the FILOT Act and Section 4-1- 175 of the MCIP Act, in order to reimburse the Company for qualifying capital expenditures incurred for costs of the Infrastructure during the Investment Period, the Company shall be entitled to receive, and the County agrees to provide, annual special source revenue credits against the Company’s FILOT Payments (the “Special Source Credits”) for a period of fifteen (15) consecutive years, subject to and in an amount determined as follows:
Appears in 2 contracts
Samples: Credit Agreement, Tax and Special Source Credit Agreement
Special Source Credits. (a) In accordance with and pursuant to Section 12-44-70 of the FILOT Act and Section 4-1- 175 of the MCIP Act, in order to reimburse the Company and any Sponsor Affiliate for qualifying capital expenditures incurred for costs of the Infrastructure during the Standard Investment Period, the Company and any Sponsor Affiliate shall be entitled to receive, and the County agrees to provide, annual special source revenue credits Special Source Credits against the Company’s and any Sponsor Affiliate’s FILOT Payments (the “Special Source Credits”) for a period of fifteen (15) consecutive years, subject to and in an amount determined as follows:five
Appears in 1 contract
Special Source Credits. (a) In accordance with and pursuant to Section 12-44-70 of the FILOT Act and Section 4-1- 175 of the MCIP Act, in order to reimburse the Company for qualifying capital expenditures incurred for costs of the Infrastructure during the Standard Investment Period, the Company shall be entitled to receive, and the County agrees to provide, annual special source revenue credits Special Source Credits against the Company’s FILOT Payments (the “Special Source Credits”) for a period of fifteen (15) consecutive years, subject to and in an amount determined as follows:
Appears in 1 contract
Samples: Credit Agreement
