Annual PILOT definition

Annual PILOT means the sum of PILOTs due hereunder in a PILOT year.
Sample 1Sample 2Sample 3
Annual PILOT means the sum of PILOTs due hereunder in a PILOT year. “Apportioned Share of the Annual PILOT” shall mean the percentage of each Annual
Sample 1Sample 2Sample 3
Annual PILOT means the sum of PILOTs due hereunder in a PILOT year. “Apportioned Share of the Annual PILOT” shall mean the percentage of each AnnualPILOT each Taxing Jurisdiction is entitled to receive, to be determined ratably using the ratio that the Taxing Jurisdiction’s tax rate bears to the total tax rate of all of the Taxing Jurisdictions, using the tax rates from the year prior to the Taxable Status Date. The Special District PILOTs shall not be apportioned but shall be billed with the Annual PILOT invoice. The School District PILOT shall not be apportioned but shall be calculated, billed and paid separately.
Sample 1Sample 2Sample 3

Examples of Annual PILOT in a sentence

  • After Taxable Status Date each year the Agency shall determine the Annual PILOT, the Apportioned Share of the Annual PILOT and the School District Annual PILOT.

  • The Agency shall send an invoice to the Company for the Annual PILOT.

  • It is understood and agreed that CN Associates and the Company may elect either option (i) or (ii) above at its discretion, but if a change in law occurs as provided in (iii) above, the Annual PILOT shall be paid as thereby required by law.

  • The damage to, or destruction of, the Improvements, or any portion thereof, shall not relieve Owner from the duty to pay the Annual PILOT Floor Amount specified in Section 2.3(b) above.

  • The Annual PILOT required by this Agreement must be paid to the County Treasurer not later than January 31 of the year following the year for which the Annual PILOT is payable.

  • Except as hereinafter provided with respect to Recaptured Abated Taxes under Section 4(b) below (for which CN Associates shall have no liability), each of CN Associates and the Company shall be fully, jointly and severally liable and responsible for payment of the Annual PILOT and any and all other amounts required to be paid under this Agreement, including any and all payments under Sections 4, 6 and 7 hereof, notwithstanding anything in this Agreement, the Lease or the Company Lease to the contrary.

  • The parties agree that each Annual PILOT, notwithstanding anything in this Agreement to the contrary, will be in lieu of any property taxes with respect to the Improvements which would otherwise be owed by Owner to the County for any year during the Abatement Period.

  • The amount of the Annual PILOT for each year during the Abatement Period will be equal to the greater of (a) 50% of all property taxes abated by this Agreement, or (b) $445,051 (the “Annual PILOT Floor Amount”).

  • By way of illustration, an Annual PILOT that is due with respect to calendar year 2025 will be due and payable no later than January 31, 2026.

  • The Improvements will be capable of generating a minimum of 150 megawatts (the “Minimum Guaranteed Capacity”); however, in the event that the Improvements have a Capacity (as defined herein) less than the Minimum Guaranteed Capacity, such circumstance shall not be a default under this Agreement so long as Owner pays the Annual PILOT Floor Amount specified in Section 2.3(b) of this Agreement.


More Definitions of Annual PILOT

Annual PILOT means the sum of PILOTs due hereunder in a PILOT year. “Apportioned Share of the Annual PILOT” shall mean the percentage of each Annual PILOT each Taxing Jurisdiction is entitled to receive, to be determined ratably using the ratio that the Taxing Jurisdiction’s tax rate bears to the total tax rate of all of the Taxing Jurisdictions, using the tax rates from the year prior to the Taxable Status Date. The Special District PILOTs shall not be apportioned but shall be billed with the Annual PILOT invoice. The School District PILOT shall not be apportioned but shall be calculated, billed and paid separately.
Sample 1Sample 2
Annual PILOT means the sum of PILOTs due hereunder in a PILOT year. “Apportioned Share of the Annual PILOT” shall mean the percentage of each Annual PILOT each Taxing Jurisdiction is entitled to receive, to be determined ratably using the ratio that the Taxing Jurisdiction’s tax rate bears to the total tax rate of all of the Taxing Jurisdictions, using the tax rates from the year prior to the Taxable Status Date. The Special Districts PILOTs shall not be apportioned nor reduced by virtue of any abatement or exemption but shall be billed with the Annual PILOT invoice.
Sample 1

Related to Annual PILOT

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Annual Plan means the annual plan of the Trust which is prepared in accordance with clause 8.1;

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Annual Work Plan means any of the Annual Work Plans.

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Pilot or "Payment in Lieu of Tax" shall mean any payment made to the Agency or an affected tax jurisdiction equal to all or a portion of the real property taxes or other taxes which would have been levied by or on behalf of an affected tax jurisdiction with respect to a project but for tax exemption obtained by reason of the involvement of the Agency in such project, but such term shall not include Agency fees.

  • Net Load means the difference between the load of a given substance as calculated from a sample taken of the discharge and the load of the same substance in a sample taken at the intake which supplies water to given process. For purposes of this definition, samples that are taken to determine the net loading shall always be 24-hour composite samples made up of at least six increments taken at regular intervals throughout the plant day.

  • Service Area means the geographic area approved by the commissioner within which an issuer is authorized to offer a Medicare Select policy.