PILOT Agreements definition

PILOT Agreements means (i) the PILOT Lease, (ii) that certain PILOT Bond Trust Indenture, dated as of March 1, 2006, by and between the City and the PILOT Bond Trustee, (iii) the HOPA Agreements, (iv) the PILOT, (v) the Guaranty Agreement, dated as of March 1, 2006, made by the Borrower in favor of the PILOT Bond Trustee, (vi) the Empire Participating Co-Tenant Agreement, (vii) the Empire Asset Purchase Agreement, (viii) the Assignment of Undivided Tenancy-In-Common Interest, by the Borrower in favor of Empire, (ix) the Assignment of Undivided Tenancy-In-Common Interest, by the Borrower in favor of ETEC, (x) the Assignment of Undivided Tenancy-In-Common Interest, by the Borrower in favor of MJMEUC, (xi) the Assignment of Undivided Tenancy-In-Common Interest, by the Borrower in favor of MEAM, and (xii) any other agreement related thereto.

PILOT Agreements means the Payment In-Lieu-of-Tax Agreements, dated as of February 1, 2008, by and between Steuben County Industrial Development Agency and each of the Cohocton Project Companies.

PILOT Agreements means that certain PILOT Agreement, dated as of April 1, 2022 by and between the Company and the Agency for 000 Xxxx 0xx Xxxxxx, Xxxxxxx, XX, known by Nassau County Tax Map Numbers Section 9, Block 437 and Lots 464 and 465, together with each additional PILOT Agreement entered into by and between the Company and the Agency for 147, 165, 185 and 000 Xxxx 0xx Xxxxxx, and n/a Union Street, Village of Mineola, Town of North Hempstead, Nassau County, New York (Section: 9; Block: 437; Lot: 346-347 and 459-463 and Section: 9; Block: 300; Lot: 42-44).

Examples of PILOT Agreements in a sentence

• If it is determined upon review of the Annual Report that the number of Full-Time Employees at the Facility is less than what was represented in the Application (the “Employment Target”), the Agency shall require within all PILOT Agreements that an additional PILOT Payment that represents a pro rata recapture of ad valorem taxes that would otherwise be due and owing in the absence of the PILOT Agreement.

• Some PILOT Agreements provide a specific dollar amount to be paid each year for the term of the PILOT Agreement.

• Total Private Sources $ Total Public Sources $ Developer’s Equity $ Other $ TOTAL ALL SOURCES $ (Public Funding – Developer or development team must identify any proposed or anticipated public funding requests including any request for infrastructure improvements, property tax exemptions, sales tax exemptions on building materials, and PILOT Agreements.) Note: Total from all sources must match total Development Costs on previous page.

• All Solar PILOT Agreements shall be substantially in the form attached hereto.

• As part of the PPAs referenced above, to enter into Payment in Lieu of Taxes (PILOT) Agreements in lieu of real and personal property taxes in accordance with General Laws Chapter 59, §38H (Acts of 1997 Chapter 164, Section 71(b)), as amended) and the Massachusetts Department of Revenue (DOR) Guidelines published in connection therewith.

• In accordance with Section 858(15) of the Act, unless otherwise agreed by the affected taxing jurisdictions, all PILOT Agreements shall provide that PILOT Payments received shall be allocated among the affected taxing jurisdictions in proportion to the amount of real property tax and other taxes which would have been received by each affected taxing jurisdiction had the project not been tax exempt as a result of the Agency's involvement in the project.

• They are, however, required to have specific policies adopted which outline the types of PILOT Agreements they are offering and procedures for deviation from those stated policies (the Uniform Tax Exemption Policy “UTEP”).

• All PILOT Agreements are subject to Recapture upon the recurrence of a Recapture Event.

• People were expected to regulate their own uses of media, and to cope with the problems of the emerging media and communications environment.

• PILOT Agreements stipulate that companies make PILOT payments to local taxing jurisdictions that are based upon a percentage of the property tax that would otherwise be due if the property was not owned by the IDA.

More Definitions of PILOT Agreements

PILOT Agreements means the Contracts set forth in Section 4.10(a)(xiii) of the Seller Disclosure Schedules. “Portfolio” has the meaning set forth in the recitals hereof. “Preliminary Purchase Price” means the sum of (a) the Base Purchase Price plus (b) the Estimated Adjustment Amount (whether the Estimated Adjustment Amount is a positive or negative amount). “Proceeding” means any action, claim, demand, litigation, suit, or other proceeding by or before any Governmental Authority. “Project” has the meaning set forth in the recitals hereof. “Project A2” means the community solar system under development in New York by Abundant Solar Power (A2) LLC. “Project CC3” means the community solar system under development in New York by Abundant Solar Power (CC3) LLC. “Project E1” means the community solar system under development in New York by Abundant Solar Power (E1) LLC.

PILOT Agreements means each of (i) the Agreement for Payment in Lieu of County Taxes, dated as of January 15, 1992, between the Seller and Onondaga County Industrial Development Agency, (ii) the Agreement for Payment in Lieu of School District Taxes, dated as of December 18, 1991, between

PILOT Agreements shall have the meaning given such term in Section 2.01(b)(i).

PILOT Agreements means collectively the Saranac PILOT Agreement and the North Country PILOT Agreement.

PILOT Agreements means the payment in lieu of taxes agreements between a Company Entity and a Governmental Authority set forth on Section 3.13 of the Company Disclosure Schedule.

PILOT Agreements means those certain agreements providing for "payment in lieu of taxes" between Owner (or a SPE Entity) and an XXX Agency and more fully described in EXHIBIT "S" annexed hereto. [The remainder of this page has been intentionally left blank.]