FILOT Act Minimum Investment Requirement definition

FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.
Sample 1Sample 2Sample 3
FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company of at least $5,000,000 by the Company and any Sponsor Affiliate in the aggregate, in Economic Development Property.
Sample 1

Examples of FILOT Act Minimum Investment Requirement in a sentence

  • However, once the Company has met the Contract Minimum Investment Requirement during the Investment Period, the Company is only obligated to maintain the FILOT Act Minimum Investment Requirement thereafter.

  • FILOT Required Investment: $42,000,000 Investment Period: 5+ years Ordinance No./Date: []/September [], 2021 Assessment Ratio: 6% Term (years): 15 years Fixed Millage: Net Present discount rate): Value (if yes, N/A Clawback information: FILOT Act Minimum Investment Requirement: repay FILOT v.

Related to FILOT Act Minimum Investment Requirement

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $2,500,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Mandatory City Requirements means those City laws set forth in the San Francisco Municipal Code, including the duly authorized rules, regulations, and guidelines implementing such laws that impose specific duties and obligations upon Contractor.