PILOT Term definition

PILOT Term means the number of years for which a PILOT is approved for a Project under the PILOT Program.

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PILOT Term means the period of time, in years, during which a PILOT incentive is in effect pursuant to a Lease Agreement.

PILOT Term means for each Phase for which the Parties have executed a Phase Commencement Notice, the period commencing on the PILOT Effective Date and continuing for fifteen (15) years thereafter.

Examples of PILOT Term in a sentence

• During the PILOT Term, the Lessee shall pay PILOT with respect to the Additional Improvements (the “Additional Improvements PILOT”) as follows: for each semi-annual period occurring during the PILOT Term, the Additional Improvements PILOT shall equal the Adjusted PILOT Amount with respect to such Additional Improvements for such semi-annual period.

• During the PILOT Term, the Lessee shall pay PILOT with respect to the Project Improvements (the “Project Improvements PILOT”) in the amounts described below.

• During the PILOT Term, the Lessee shall pay PILOT with respect to the Existing Improvements (the “Existing Improvements PILOT”) in the amounts described below.

• During the PILOT Term, the Lessee shall pay PILOT with respect to the Land (“Land PILOT”) in the amounts described below.

• During the PILOT Term, PILOT with respect to the Land shall be payable in accordance with Section 5.1(g) in the amounts described below.

More Definitions of PILOT Term

PILOT Term means the initial two (2) Years of the Commercial Term.

PILOT Term means ten (10) years for which a PILOT is approved for a Project under the Fast Track PILOT Program, unless extended by a term of up to two (2) years under the Local Business Participation Program set forth herein.

PILOT Term means the number of years for which a PILOT is approved for a Project under the Sewer Capacity Management Incentive Program.‌‌

PILOT Term means the 15 year period of time during which annual PILOTs are due in exchange for provision of affordable rental units in accordance with the affordability terms of the PILOT.

PILOT Term means the amount of time real and/or personal property is held by EDGE and during which time Applicant pays reduced property taxes as established pursuant to these Policies and Procedures.

PILOT Term means the number of years for which a PILOT is approved for a Project under the PILOT Program and shall commence upon expiration of the Construction Period.

PILOT Term means what is defined as “Term” in accordance with Section 9 of the Pilot Agreement.