Business incentive means a state or political subdivision direct cash transfer,
Business incentive means a state or political subdivision direct cash transfer, loan, or equity investment; contribution of property or infrastructure; reduction or deferral of any tax or any fee; guarantee of any payment under any loan, lease, or other obligation; or preferential use of government facilities given to a business. To be considered a business incentive, the total assistance in all forms must be valued at twenty-five thousand dollars or more. Unless specifically provided otherwise, the term does not include:
Business incentive. Rate shall mean the rate in connection with the Business Incentive Rate program, an energy discount program co-administered by NYCEDC and Con Edison. Certificate shall have the meaning specified in Section 8.1(a). Cessation Date shall mean the date on which the Facility is no longer exempt from Real Estate Taxes by operation of law, including, but not limited to, by reason of the expiration (on the Expiration Date) or sooner termination of the Company Lease and the demise conveyed thereunder; and/or the expiration (on the Expiration Date) or sooner termination of this Agreement and the demise conveyed hereunder. CGL shall have the meaning specified in Section 8.1(a). Cypress Hills Local Development Corporation, Inc. shall mean Cypress Hills Local Development Corporation, Inc., a not-for-profit corporation organized and existing under the laws of the State of New York. City shall mean The City of New York, New York. City Tax Fiscal Year shall mean each annual period commencing on July 1, and ending on the immediately succeeding June 30, or such other annual period as shall be established by lawful authority as the City’s “tax fiscal year” or its equivalent. Claims shall have the meaning set forth in Section 8.2(a). CM shall have the meaning specified in Section 8.1(a). Commencement Date shall mean January 4, 2018, on which date this Agreement was executed and delivered. Common Elements shall have the meaning set forth in the Declaration of Condominium. Company Lease shall mean the Company Lease Agreement, dated as of the date hereof, between the Lessee, as landlord, and the Agency, as tenant, as the same may be amended and supplemented in accordance with its terms and as permitted by the terms thereof. Completion Deadline shall mean July 3, 2018. Condominium shall mean Pitkin Xxxxxxxx Condominium.
Examples of Business incentive in a sentence
This evaluation report covers the Custom program element of the ComEd Smart Ideas for Your Business incentive program.
To establish whether a solar project qualifies for a Residential or Business incentive, the applicable incentive will be determined based on the following project information: System Owner, Host Customer, and type of electric account on the meter.
Under SFAS No. 123, compensation cost for the applicable provisions of the Business' incentive stock plans would be determined based upon the fair value at the grant date for awards issued since 1996.
Business incentive payments may not be made to individual officers, employees, or agents or to a related business entity.
Distributors commonly focused their efforts within the industrial, institutional and commercial sector on the following programs: Building retrofits; Building demand response; Mid-large customers – interval metering; Energy audits; and Business incentive programs.
More Definitions of Business incentive
Business incentive means a state or political subdivision direct cash transfer, loan, or
Business incentive means a state or political subdivision direct cash transfer, loan, or equity investment; contribution of property or infrastructure; reduction or deferral of any tax or any fee; guarantee of any payment under any loan, lease, or other obligation; or preferential use of government facilities given to a business. To be considered a business incentive, the total assistance in all forms must be valued at twenty-five thousand dollars or more committed within a year. Unless specifically provided otherwise, the term does not include:
a. Assistance that is generally available to all businesses or to a general class of similar businesses, such as a line of business, size, or similar criteria.
b. Incentives resulting from Bank of North Dakota programs unless the incentive is a direct interest rate buydown or is an investment made pursuant to the North Dakota alternative and venture capital investments and early-stage capital funds program.
c. Public improvements to buildings or lands owned by the state or political subdivision which serve a public purpose and do not principally benefit a single business or defined group of businesses at the time the improvements are made.
d. Assistance provided for the sole purpose of renovating old or decaying building stock or bringing such building stock up to code and assistance provided for designated historic preservation districts, provided that the assistance does not exceed seventy-five percent of the total cost.
e. Assistance to provide job-readiness and training services if the sole purpose of the assistance is to provide those services.
f. Assistance for housing.
g. Assistance for pollution control or abatement.
Business incentive. Rate shall mean the rate in connection with the Business Incentive Rate program, an energy discount program co-administered by NYCEDC and Con Edison. Certificate shall have the meaning specified in Section 8.1(a). Cessation Date shall mean the date on which the Facility Realty is no longer exempt from Real Estate Taxes by operation of law, including, but not limited to, by reason of the expiration (on the Expiration Date) or sooner termination of the Company Lease and the demise conveyed thereunder; and/or the expiration (on the Expiration Date) or sooner termination of this Agreement and the demise conveyed hereunder. CGL shall have the meaning specified in Section 8.1(a). City shall mean The City of New York, New York. City Tax Fiscal Year shall mean each annual period commencing on July 1, and ending on the immediately succeeding June 30, or such other annual period as shall be established by lawful authority as the City’s “tax fiscal year” or its equivalent. Claims shall have the meaning set forth in Section 8.2(a). CM shall have the meaning specified in Section 8.1(a). Commencement Date shall mean February 28, 2023, the date this Agreement was executed and delivered. Commissioner shall have the meaning specified in Section 5.2(h)(ii). Company Lease shall mean the Company Lease Agreement, dated as of the date hereof, between the Lessee, as landlord, and the Agency, as tenant, as the same may be amended and supplemented in accordance with its terms and as permitted by the terms thereof. Completion Deadline shall mean February 28, 2025. Comptroller has the meaning specified in Section 8.24(b).
Business incentive means a state or political subdivision direct cash transfer, loan, or equity investment; contribution of property or infrastructure; reduction or deferral of any tax or any fee; guarantee of any payment under any loan, lease, or other obligation; or preferential use of government facilities given to a business. To be considered a business incentive, the total assistance in all forms must be valued at twenty-five thousand dollars or more committed within a year. Unless specifically provided otherwise, the term does not include:
a. Assistance that is generally available to all businesses or to a general class of similar businesses, such as a line of business, size, or similar criteria.
b. Incentives resulting from Bank of North Dakota programs unless the incentive requires job creation to fulfill a requirement of the incentive.
c. Public improvements to buildings or lands owned by the state or political subdivision which serve a public purpose and do not principally benefit a single business or defined group of businesses at the time the improvements are made.
d. Assistance provided for the sole purpose of renovating old or decaying building stock or bringing such building stock up to code and assistance provided for designated historic preservation districts, provided that the assistance does not exceed seventy-five percent of the total cost.
e. Assistance to provide job-readiness and training services if the sole purpose of the assistance is to provide those services.
f. Assistance for housing.
g. Assistance for pollution control or abatement.
Business incentive. Rate shall mean the rate in connection with the Business Incentive Rate program, an energy discount program co-administered by NYCEDC and Con Edison. City shall mean The City of New York, New York. City Tax Fiscal Year shall have the meaning set forth in Section 5.1(a). Claims shall have the meaning set forth in Section 8.2(a). CM shall have the meaning specified in Section 8.1(a). Commencement Date shall mean March 5, 2018, on which date this Agreement was executed and delivered. Company Lease shall mean the Company Lease Agreement, dated as of the date hereof, between the Lessee, as landlord, and the Agency, as tenant, as the same may be amended and supplemented in accordance with its terms and as permitted by the terms thereof. Completed Improvements Rentable Square Footage shall mean approximately 170,950 rentable square feet, the rentable square footage of the Improvements upon completion of the Project Work. Construction shall have the meaning specified in Section 8.1(a). Contractor(s) shall have the meaning specified in Section 8.1(a). Covered Counterparty has the meaning specified in Section 8.24(b). Covered Employer has the meaning specified in Section 8.24(b). DCA has the meaning specified in Section 8.24(b). DOL shall have the meaning set forth in Section 8.7(a). Due Date shall have the meaning set forth in Section 9.8. Eligible Items shall mean the following items of personal property and services, but excluding any Ineligible Items, with respect to which the Lessee and any Agent shall be entitled to claim a Sales Tax Exemption in connection with the Project:
Business incentive. Rate shall mean the rate in connection with the Business Incentive Rate program, an energy discount program co-administered by NYCEDC and Con Edison. Capital Improvements shall mean any buildings, structures, foundations, related facilities, fixtures and other improvements constructed, erected, placed and/or installed on, under and/or above the Land, when such improvements are not part of the Project Work, including, but not limited to, all replacements, improvements, additions, extensions and substitutions to the Project Improvements following Substantial Completion other than by Tenants (except to the extent any of the foregoing are performed in the ordinary course of business, such as work done to reconfigure space or for Tenant fit-out, whether performed by the Lessee or a Tenant, or are otherwise required by this Agreement). Certificate shall have the meaning specified in Section 8.1(a). CGL shall have the meaning specified in Section 8.1(a). City shall mean The City of New York, New York. City Planning shall mean the City Planning Commission of The City of New York, the Chair of the City Planning Commission of The City of New York, or the City’s Department of City Planning, as the context requires. Claims shall have the meaning set forth in Section 8.2(a). CM shall have the meaning specified in Section 8.1(a). Commencement Date shall mean June 30, 2016, on which date this Agreement was executed and delivered. Company Lease shall mean the Company Lease Agreement, dated as of the date hereof, between the Lessee, as landlord, and the Agency, as tenant, as the same may be amended and supplemented in accordance with its terms and as permitted by the terms thereof. Completed Improvements Rentable Square Footage shall mean approximately 1,100,000 rentable square feet, the rentable square footage of the Project Improvements upon Substantial Completion. Construction Commencement Date shall have the meaning set forth in the Construction Required Amount shall have the meaning specified in Conveyance shall mean a sale, transfer or other disposition (which shall include a lease of all or substantially all of the Facility to a Person for purposes unrelated to the use or occupancy of the Facility by such Person) of all or any portion of the Facility or any interest therein, other than pursuant to a foreclosure of a Mortgage Loan or a Mezzanine Loan in an arms’-length bona fide transition. Core and Shell shall mean, with respect to the Building, all improvements nec...
Business incentive. Rate shall mean the rate in connection with the Business Incentive Rate program, an energy discount program co-administered by NYCEDC and Con Edison. Certificate shall have the meaning specified in Section 8.1(a). CGL shall have the meaning specified in Section 8.1(a). City shall mean The City of New York, New York. CM shall have the meaning specified in Section 8.1(a). Commencement Date shall mean April 11, 2023, on which date this Agreement was executed and delivered. Common Elements shall have the meaning assigned to such term in the Condominium Documents. Company Lease shall mean the Company Lease Agreement, dated as of even date herewith, between the Lessee, as landlord, and the Agency, as tenant, as the same may be amended and supplemented in accordance with its terms and as permitted by the terms thereof. Condominium shall mean that certain Condominium with respect to the Project Building pursuant to the Condominium Act and the Condominium Documents. Condominium Documents shall mean the declaration of condominium, by-laws and rules and regulations of a condominium association and any and all other documentation related to the proper formation and operation of the condominium regime established at the Project Building under State law. Construction shall have the meaning specified in Section 8.1(a). Contractor(s) shall have the meaning specified in Section 8.1(a). Covered Counterparty shall have the meaning specified in Section 8.24(b). Covered Employer shall have the meaning specified in Section 8.24(b). DCA shall have the meaning specified in Section 8.24(b). DOL shall have the meaning set forth in Section 8.7(c). Due Date shall have the meaning set forth in Section 9.8. Employment Information shall have the meaning set forth in Section 8.7(c). Enabling Act shall mean the New York State Industrial Development Agency Act, constituting Title I of Article 18-A of the General Municipal Law, Chapter 24 of the Consolidated Laws of New York, as amended. Entity shall mean any of a corporation, general partnership, limited liability company, limited liability partnership, joint stock company, trust, estate, unincorporated organization, business association, tribe, firm, joint venture, governmental authority or governmental instrumentality, but shall not include an individual. Environmental Audit shall mean that certain Short Environmental Assessment Form dated May 13, 2022, prepared by the Agency. Estimated Project Cost shall mean $1,662,000. Event of Defaul...