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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2

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
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1
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.
Sample 1

Related to Payment in Lieu of Tax Agreement

  • Occasion of Tax Non-Compliance (a) any tax return of the Provider submitted to a Relevant Tax Authority on or after 1 October 2012 is found on or after 1 April 2013 to be incorrect as a result of: (i) a Relevant Tax Authority successfully challenging the Provider under the General Anti-Abuse Rule or the Halifax Abuse Principle or under any tax rules or legislation that have an effect equivalent or similar to the General Anti-Abuse Rule or the Halifax Abuse Principle; (ii) the failure of an avoidance scheme which the Provider was involved in, and which was, or should have been, notified to a Relevant Tax Authority under the DOTAS or any equivalent or similar regime; and/or (b) any tax return of the Provider submitted to a Relevant Tax Authority on or after 1 October 2012 gives rise on or after 1 April 2013 to a criminal conviction in any jurisdiction for tax related offences which is not spent at the Agreement Date or to a civil penalty for fraud or evasion;

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

  • Payment instrument means any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order;

  • State disbursement unit or "SDU" means the entity established in section 6 of the office of child support act, 1971 PA 174, MCL 400.236.

  • Determination of Taxability means and shall be deemed to have occurred on the first to occur of the following:

  • Assessment instrument means the form provided for under the Supported Wage System that records the assessment of the productive capacity of the person to be employed under the Supported Wage System.