FILOT Payments definition

FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.
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FILOT Payments means the payments in lieu of taxes which the Company is obligated to pay to the County pursuant to Section 5.02 hereof.
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FILOT Payments means the payments to be made by the Company pursuant to Section 5.01 hereof.
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Examples of FILOT Payments in a sentence

  • The term “investment” or “invest” as used herein shall include not only investments made by the Company and any Sponsor Affiliates, but also to the fullest extent permitted by law, those investments made by or for the benefit of the Company or any Sponsor Affiliate with respect to the Project through federal, state, or local grants, to the extent such investments are subject to ad valorem taxes or FILOT Payments by the Company.

  • 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 Agreement shall terminate in the year following the year of such termination pursuant to this Section.

  • 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.

  • Inasmuch as the Company anticipates an initial investment of sums sufficient for the Project to qualify for a fee in lieu of tax arrangement under Section 12-44-50(A)(1) of the Negotiated FILOT Act, the County and the Company have negotiated the amount of the FILOT Payments in accordance therewith.


More Definitions of FILOT Payments

FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided in Section 4.1 of this Fee Agreement.
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FILOT Payments means the payments to be made by the Company or any Co- Investor with respect to its respective portion of the Project, whether made as Negotiated FILOT Payments pursuant to Section 5.01 hereof or as FILOT payments made pursuant to the Multi- County Park Act.
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FILOT Payments means the payments to be made by the Sponsor pursuant to Section 4.2 hereof.
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FILOT Payments means the payments to be made by the Company pursuant to Section
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FILOT Payments means the payments to be made by the Company and/or any Company Affiliate pursuant to Section 5.01 hereof.
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FILOT Payments means the Negotiated FILOT Payments.
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FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided in Section 4.1.
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