Net FILOT Payment definition

Net FILOT Payment means the FILOT Payment net of the Infrastructure Credit.
Net FILOT Payment means total annual payments of $9,474.00 for the first through tenth payments due under this Fee Agreement, and total annual payments of $8,287.00 for the eleventh through thirtieth payments due under this Fee Agreement and any subsequent year of this Fee Agreement, for those years for which a FILOT is due. It is anticipated that the first Net FILOT Payment due hereunder shall be the payment for property tax year 2022, due and payable to the County on or before January 15, 2023. Provided, the Net FILOT Payments shall be increased in any year in which the total capital investment in the Project as reflected on the applicable PT-300 filings (or successor forms) exceeds the Project Commitment, in proportion to the excess. For example, and by way of example only, if the total capital investment in the Project as of the last day of the 2027 tax year is 125% of the Project Commitment, then the Net FILOT Payment for such year shall be increased by 25%.
Net FILOT Payment means total annual payments of $ for the first through tenth payments due under this Fee Agreement, and total annual payments of $ for the eleventh through thirtieth payments due under this Fee Agreement and any subsequent year of this Fee Agreement, for those years for which a FILOT is due. It is anticipated that the first Net FILOT Payment due hereunder shall be the payment for property tax year 2019, due and payable to the County on or before January 15, 2020. Provided, the Net FILOT Payments shall be increased in any year in which the total capital investment in the Project as reflected on the applicable PT-300 filings (or successor forms) exceeds the Project Commitment, in proportion to the excess. For example, and by way of example only, if the total capital investment in the Project as of the last day of the 2022 tax year is 125% of the Project Commitment, then the Net FILOT Payment for such year shall be increased by 25%. [INSERT NET PAYMENTS AS PROPORTIONATE AMOUNT OF $1,000,000 PER YEAR FOR YEARS 1-10 AND $874,755 PER YER FOR YEARS 11-30. THE PROPORTIONATE AMOUNT SHALL BE BASED ON THE PROPORTION OF THE INVESTMENT LEVEL FOR EACH PROJECT SET FORTH IN THE INDUCEMENT RESOLUTION TO THE TOTAL INVESTMENTS FOR ALL PROJECTS SET FORTH IN THE INDUCEMENT RESOLUTION.]

Examples of Net FILOT Payment in a sentence

  • Following receipt of the bill, the Sponsor shall timely remit the Net FILOT Payment to the County in accordance with applicable law.

  • For each property tax year in which the Infrastructure Credit is applicable (“Credit Term”), the County shall prepare and issue the annual bills with respect to the Project showing the Net FILOT Payment.

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  • In Woodberry v.Bank of America, N.A., No. 1:11-CV-3637-TWT, 2012 WL 113658 (N.D. Ga. Jan.

  • Following receipt of the xxxx, the Sponsor shall timely remit the Net FILOT Payment to the County in accordance with applicable law.

  • For each property tax year of the Credit Term, the County shall prepare and issue the annual bills with respect to the Project showing the Net FILOT Payment, calculated in accordance with Exhibit C.

  • Decommissioning Plan must be passed by conveyance to successive owner(s).” Agreement, to be calculated as set forth in Section 4.2 (but excluding any FILOT Payments due under Section 4.1(d) or Section 4.2(d) hereof), minus the Net FILOT Payment.

  • Web-based learning objects repository for teaching/learning computer studies in secondary schools Edward ZimudziDepartment of Mathematics and Science Education, University of Botswana, BotswanaEdward.zimudzi@mopipi.ub.bwABSTRACT The use of ICTs to improve the access and affordability of education is perhaps the greatest unrealized promise of e-development, particularly in developing countries.

Related to Net FILOT Payment

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

  • Net Payment means the amount the Issuer or any paying agent pays the Holder after deducting or withholding an amount for or on account of any present or future tax, assessment or other governmental charge imposed with respect to that payment by a taxing authority (including any withholding or deduction attributable to additional amounts payable pursuant to this Section).

  • Delta Payment means as it is described in this Agreement.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Interim Payment has the meaning specified in Section 10.1.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Debit Payment means a particular transaction where a debit is made.

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

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Seller Remittance Amount With respect to each Servicer, the meaning assigned to such term in the related Servicing Agreement.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

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

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Payment Amount as defined in Section 3.5.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Individual Settlement Payment means the amount payable from the Net

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.