Examples of FILOT in a sentence

The Company intends to operate the Project for the purpose of distribution, and for such other purposes that the FILOT Act permits as the Company may deem appropriate.
In no event shall the Company or any Sponsor Affiliate be liable to the County or otherwise for monetary damages resulting from the Company’s (together with any Sponsor Affiliates) failure to meet the Contract Minimum Investment Requirement or the FILOT Act Minimum Investment Requirement other than as expressly set forth in this Fee Agreement.
In this regard, and notwithstanding anything in this Fee Agreement to the contrary, the County may exercise the remedies that general law (including Title 12, Chapter 49 of the Code) provides with regard to the enforced collection of ad valorem taxes to collect any FILOT payments due hereunder.
In addition to all other remedies provided herein, the failure to make FILOT payments shall give rise to a lien for tax purposes as provided in Section 12-44-90 of the FILOT Act.
The Company’s obligation to make FILOT Payments under this Fee Agreement shall terminate in the year following the year of such termination pursuant to this section.

More Definitions of FILOT

FILOT or “FILOT Payments” shall mean the amount paid or to be paid in lieu of ad valorem

FILOT means the fee in lieu of taxes which the Company is obligated to pay to the County pursuant to Section 5.01 hereof.

FILOT means the fee-in-lieu of taxes, which the Sponsor is obligated to pay to the County pursuant to Section 4.2 hereof.

FILOT means a fee-in-lieu of taxes pursuant to the Act or pursuant to the Multi-County Park Act, as the context requires.

FILOT means fee in lieu of ad valorem tax(es).