PILOT Payments definition

PILOT Payments has the meaning ascribed to such term in Section 5.1 of the Lease Agreement.

PILOT Payments means the payments in lieu of taxes provided for in Article III hereof.

PILOT Payments means the payments in lieu of property taxes to be made with respect to the Project under the Incentive Agreements, including, but not limited to, any annual fees payable to the County or any department, official, treasurer, assessor, clerk, appraiser, accountant or legal counsel thereof and any fees payable to the Bond Trustee under the Incentive Agreements.

Examples of PILOT Payments in a sentence

• In any case, the Company shall be obligated to pay an additional amount that shall be equal to the penalties and interest that would be assessed against the Company if such PILOT Payments were delinquent ad valorem taxes.

• If at the end of the period specified in the written notice from the Authority to the Company the Company has failed to make the required PILOT Payments, the Authority shall have the right to terminate the Lease.

• If for any reason the Company shall fail to make any such PILOT Payments, the Board of Assessors shall provide the Company with written notice of such failure which shall specify the amount of the PILOT Payments due and payable.

• The Company shall pay all School PILOT Payments and all Existing Plant PILOT Payments (collectively, the “PILOT Payments”) described herein at the times and in the manner required for the payment of ordinary ad valorem property taxes.

• If for any reason the failure to pay such PILOT Payments has continued for ninety (90) days after receipt of such written notice by the Company, the Authority shall have the right to notify the Company in writing of its intent to terminate the Lease if such failure to pay the PILOT Payments continues for an additional period specified therein which shall not be less than thirty (30) days following receipt of such notice by the Company.

More Definitions of PILOT Payments

PILOT Payments means payments in lieu of ad valorem real property taxes made pursuant to a PILOT Agreement.

PILOT Payments. Any rents and other amounts required to be paid by the related Borrower(s) under the PILOT Lease.

PILOT Payments means the payment in lieu of taxes that the Borrower is required to make under certain circumstances pursuant to Section 4.07 of the Redevelopment Contract.

PILOT Payments means all amounts that are required to be paid by or on behalf of Borrower, any Borrower Affiliated Tenant (including, without limitation, PUREgraphite Tenant), and/or their respective successors and/or assigns, as applicable, pursuant to any of the PILOT Documents, including, without limitation, any PILOT Clawback Liabilities.

PILOT Payments means the “Developer PILOT Payments” as specified in the Redevelopment Agreement.

PILOT Payments means the payments in lieu of taxes provided for in Article III. “Project” means, collectively, the Project Site and the Project Improvements.

PILOT Payments shall have the meaning set forth in Section 6.3 hereof.