Economic Incentives definition

Economic Incentives means state grants, cash grants, tax exemp- tions, tax refunds, tax credits, state funds, and other state incentives under chapter 288 or administered by the Department of Commerce Enterprise Florida, Inc.

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Economic Incentives means the sources of support or incentives from federal, state or local government, from economic development entities, from private entities as part of an overall Economic Incentives arrangement, or from electric, gas, water, or wastewater service providers, in each case, in effect under applicable Law as of the time of determination and related to or affecting the semiconductor industry, manufacturing, or the Arizona Fab, including, without limitation, the CHIPS Act (2021), the CHIPS Act (2022), the FABS Act and any applicable Arizona legislation. Economic Incentives include, without limitation, the incentives set forth on Schedule EI.

Economic Incentives means any sources of support or incentives (including support, credits or incentives relating to Tax) from federal, state or local government, from economic development entities, from private entities as part of an overall economic incentives arrangement, or from electric, gas, water or wastewater service providers, in each case, related to or affecting the semiconductor industry, manufacturing or Fab 34, including applicable Irish and/or European Union legislation, including the incentives set forth in Schedule EI attached hereto.

Examples of Economic Incentives in a sentence

The Contractors undertake to comply with the provisions of Act No. 84 of June 18, 2002, known as the Code of Ethics for Contractors, Suppliers and Applicants for Economic Incentives of the Executive Agencies of the Commonwealth of Puerto Rico".
Regardless of Company’s failure to meet the Performance Requirements for a specific Economic Incentive, this agreement shall still be in effect and the Company shall still have the ability to earn the remaining Economic Incentives due hereunder.
Notwithstanding anything herein to the contrary, FEDC shall have no obligation to pay any of the Economic Incentives if the Company becomes insolvent, makes false statements, fails to pay municipal payments or files suit against the City and/or the FEDC, or otherwise defaults under the terms of this Agreement.
Mortgaged Property: The Land, Minerals, Fixtures, Improvements, Personalty, Economic Incentives, Contracts, Leases, Rents, Reserves, Plans and Construction Contracts, and any interest of Borrower now owned or hereafter acquired in and to the foregoing, together with any and all other security and collateral of any nature whatsoever, now or hereafter given for the repayment of the Indebtedness or the performance and discharge of the Obligations, together with any and all proceeds of any of the foregoing.
The term of this Agreement shall begin on the date of execution by the FEDC and will expire the earlier of (i) the full payment of the Economic Incentives, or (ii) on March 31, 2016, or as otherwise provided within this Agreement.
Regardless of Company’s level of attainment of the Performance Requirements as set forth in this Agreement, the FEDC’s obligation to pay a portion or all of the Economic Incentives to the Company will expire thirty (30) days following the Eligibility Period of the last Economic Incentive, except in the event that the Company has fully complied with the Performance Requirements for such unpaid Economic Incentives, including reasonable compliance with the documentation requirements set forth herein.
The Incentive Account shall be funded with any Economic Incentives (which shall be treated in accordance with Section 14.4) received by the Company in cash.
Each Member agrees that it shall cooperate to comply with Applicable Laws or regulations that would make Members or their respective Affiliates (including the Company) under any Affiliate Contract eligible for Economic Incentives.
Tenant authorizes Landlord to proceed with the construction of the Additional Improvements even though the Economic Incentives are not yet obtained.
The Incentive Account shall be funded with any Economic Incentives received by the Company in cash.

More Definitions of Economic Incentives

Economic Incentives means the (i) tax increment financing reimbursements in the maximum amount of $12,151,252 of costs pursuant to the Agreement between the Increment Financing Commission of Kansas City, Missouri and FQ Real Estate Holdings LLC (“FQ”) for the Implementation of the Carondelet Drive Tax Increment Financing Plan dated March 13, 2013; (ii) the real property and personal property tax exemptions and other rights described in the Project Improvements Lease Agreement dated as of December 1, 2012, between FQ and the City of Kansas City (the “City”) and the Project Equipment Lease Agreement dated as of December 1, 2012, between FQ and the City, as established pursuant to the City’s Taxable Industrial Revenue Bond (Freightquote Project – Project Improvements) Series 2012H-1 issued in the principal amount of $44,000,000 and the City’s Taxable Industrial Revenue Bond (Freightquote Project – Project Equipment) Series 2012H-2 issued in the principal amount of $11,000,000 (the Series 2012H-1 and Series 2012H-2 bonds are collectively referred to herein as the “Ch. 100 Bonds”) and each Trust Indenture between the City and UMB Bank, N.A., as trustee, relating to the Ch. 100 Bonds; (iii) the tax credits and other benefits and rights described in and related to the Program Agreement between the Company and the Missouri Development Finance Board “MDFB”) dated as of March 1, 2013, as established pursuant to the Build Missouri Revenue Bonds (▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, Inc. Project) Series 2013 issued by MDFB in the initial principal amount of up to $7,226,700 (the “BUILD Missouri Bonds,” and together with the Ch. 100 Bonds, the “Bonds”) and the related Trust Indenture dated as of March 1, 2013 between MDFB and UMB Bank, N.A. a trustee, and Loan Agreement between MDFB and the Company dated as of March 1, 2013; and (iv) the tax credits and ability to retain state withholding tax pursuant to the Missouri Quality Jobs program in accordance with that program as set forth in the proposal to ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇ relating to Project Apple from the Missouri Department of Economic Development (“DED”) dated May 24, 2012, the Notice of Intent on behalf of the Company from Abbey ▇. ▇▇▇▇▇ to DED dated June 5, 2013, and the approval letter from DED to the Company dated June 14, 2013.

Economic Incentives means pricing mechanisms intended to

Economic Incentives means those financial incentives that can be offered by the City of Osawatomie in compliance with the laws and constitution of the State of Kansas.