Negotiated FILOT Payment definition

Negotiated FILOT Payment means the FILOT due pursuant to Section 5.01(b) hereof with respect to that portion of the Project consisting of Economic Development Property.
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Negotiated FILOT Payment means the FILOT due pursuant to Section 5.01(b)(ii) hereof with respect to that portion of the Project qualifying for the assessment ratio and the millage rate described in subsection 5.01(c) of this Agreement.
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Negotiated FILOT Payment means the FILOT payments due pursuant to Section 5.01(b) hereof with respect to that portion of the Project consisting of Economic Development Property.
Sample 1Sample 2

Examples of Negotiated FILOT Payment in a sentence

  • Unless sooner terminated pursuant to the terms and provisions herein contained, this Agreement shall be and remain in full force and effect for a term commencing on the date on which the Company executes this Agreement, and ending at midnight on the last day of the property tax year in which the last Negotiated FILOT Payment is due hereunder.

Related to Negotiated FILOT Payment

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

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

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

  • Designated Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Issuer or one of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, less the amount of Cash Equivalents received in connection with a subsequent sale of or collection on such Designated Non-cash Consideration.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.