Lieu Payments definition

Lieu Payments. If the City determines that no other alternative is feasible, a cash payment to the City’s Housing Development Fund, in lieu of providing BMR units or land, may be accepted. The in-lieu payment for projects subject to the basic 15 percent BMR requirement shall be
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Examples of Lieu Payments in a sentence

  • The account for the use and benefit of the City shall be funded with the proportionate amount to which the In Lieu Payments are attributable to property taxes which would otherwise be owed to the City, and the account for the use and benefit of the County shall be funded with the proportionate amount to which the In Lieu Payments are attributable to property taxes which would otherwise be owed to the County.

  • If the leasehold interest of the Company should be subject to ad valorem taxation, then any amounts assessed as taxes thereon shall be credited against any In Lieu Payments due hereunder.

  • The Company shall make the In Lieu Payments for each year before March 1 of the following year.

  • The In Lieu Payments shall be made by the Company in lieu of the property taxes which would otherwise be payable on the Property if it were subject to property taxes.

  • Tenant shall receive a credit against In Lieu Payments payable on and after the Opening Date in an amount equal to the payment made by Tenant to Landlord pursuant to this Section 34.29.

  • If Landlord levies any Admission Fee except as permitted under Section 34.23(a), then, in addition to any other remedies that may be available to Tenant for breach of Section 34.23(a), Tenant shall be entitled to receive from Landlord and Landlord shall be obligated to pay to Tenant on the last day of each month with respect to which such Admission Fee is levied the amount by which such Admission Fee exceeds the In Lieu Payments that would otherwise be payable under Section 34.23(b) for such month.

  • The In Lieu Payments for any month shall be reduced by the amount of any Admission Fees paid by Tenant for such month with respect to any Riverboat Casino located at the Premises.

  • After the In Lieu Payment Termination Date, In Lieu Payments shall no longer accrue or be payable.

  • Landlord may levy an Admission Fee that is a percentage of Net Gaming Proceeds; provided, however, that any such Admission Fee shall not exceed, for any period, the maximum sum of In Lieu Payments that would be payable for such period if such Admission Fee were not levied.

  • The State agrees not to contract with any other entity for use of the South Bay Aqueduct and Lake Del Valle associated with the Future Contractor Share, prior to the receipt of the District’s Notice of Intent to Cease In Lieu Payments, without the District’s prior written consent.

Related to Lieu Payments

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Earnout Payments has the meaning set forth in Section 2.2(a).