Payment in Lieu of Tax Agreement definition

Payment in Lieu of Tax Agreement means the payment in lieu of tax agreement dated as of [DocumentDate] by and between the Agency and the Company, pursuant to which the Company has agreed to make payments in lieu of taxes with respect to the Project Facility, as such agreement may be amended or supplemented from time to time.
Payment in Lieu of Tax Agreement means that certain Payment in Lieu of Tax Agreement dated as of December 1, 2004 between the Borrower and the City, together with any and all amendments, modifications, supplements, renewals or restatements thereof.
Payment in Lieu of Tax Agreement means, if the Project Facility Agreements include a payment in lieu of tax agreement, the payment in lieu of tax agreement described on Exhibit E attached hereto, as said document may be amended or supplemented from time to time.

Examples of Payment in Lieu of Tax Agreement in a sentence

  • The attached Payment in Lieu of Tax Agreement describes the dates the payments in lieu of taxes are to be made and includes a table describing the amount of payments in lieu of taxes to be made.

  • A copy of the Payment in Lieu of Tax Agreement is attached as Schedule B.


More Definitions of Payment in Lieu of Tax Agreement

Payment in Lieu of Tax Agreement means an agreement requiring that the taxing authorities receive payments or other charges directly from a lessee of the property or from any other sources on account of the property; and
Payment in Lieu of Tax Agreement or “PILOT Agreement” means the payment in lieu of tax agreement dated as of [ the Project Agreement Date] by and between the Agency and the Company, pursuant to which the Company has agreed to make payments in lieu of taxes with respect to the Project Facility, as such agreement may be amended or supplemented from time to time.
Payment in Lieu of Tax Agreement. (PILOT) shall mean a written agreement between the Agency AND Applicant whereby the Applicant shall make payments to Affected Tax Jurisdictions.
Payment in Lieu of Tax Agreement means the amended and restated payment in lieu of tax agreement dated as of August 1, 2020 by and between the Agency and the Company, pursuant to which the Company agreed to make payments in lieu of taxes with respect to the Project Facility, as such agreement may be amended or supplemented from time to time.