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PILOT Year definition

PILOT Year means the first tax year following the Taxable Status Date after the Completion Date and each year thereafter for a total of twenty (20) years in accordance with the Schedule of PILOT Payments. For example, if the Completion Date was prior to March 1, 2022, the Initial PILOT Year would include the
PILOT Year means each twelve‐month period of the solar photovoltaic pilot program beginning on April 1. Year one of the pilot program is April 1, 2010 to March 31, 2011; year two of the pilot is April 1, 2011 to March 31, 2012, etc.
PILOT Year means each period of 12 months, commencing on the first day of July of each such period, in which occurs any part of the Term.

Examples of PILOT Year in a sentence

  • To the extent the County fails to timely pay the State Real Property Tax for any PILOT Year (in whole or in part), and the State seeks payment of the State Real Property Tax for that PILOT Year (in whole or in part) from Lanyard or its affiliates, the County agrees to compensate Lanyard or its affiliates for all of its expenses, including and not limited to, the State Real Property Tax, penalties, interest and attorney fees, provided Xxxxxxx made the PILOT payment as set forth herein.

  • In the Initial PILOT Year, and each successive PILOT Year thereafter, the Developer shall pay to the Board an annual monitoring and reporting fee, to be established each year by the Board in an amount which shall not exceed three percent (3%) of the In Lieu of Tax Payment for the respective PILOT Year (the “Annual Fee”) in which such Annual Fee becomes due.

  • Each such PILOT Mortgage shall be (a) subject and subordinate to the PILOT Mortgage securing the PILOT Note that evidences the Company’s obligation to make corresponding PILOT Increment payments hereunder during any succeeding PILOT Year, and (b) paramount in lien to the PILOT Mortgage securing the PILOT Note that evidences the Company’s obligation to make corresponding PILOT Increment payments hereunder during any preceding PILOT Year.

  • In the PILOT Year in which a Base ---------------------------- Increment Condition occurs, the Annual PILOT Amount for that PILOT Year shall be increased by an amount equal to the product of (i) the First or Second Base Increment Amount, whichever is applicable, multiplied by (ii) a fraction having a numerator equal to the number of days remaining in that PILOT Year after the applicable Base Increment Condition occurred and a denominator equal to 365.

  • Short PILOT Year InvoiceGroton Wind’s payment amount for the ‘short PILOT year’ will be $135,978.08.This covers from the Commercial Operation Date (December 28, 2012) until March 31, 2013.


More Definitions of PILOT Year

PILOT Year means the first tax year following the Completion Date. For example, if the Completion Date is prior to March 1, 2021, the Initial PILOT Year would include the
PILOT Year means (A) in the event that the Delivery Date does not occur on January 1, the period from the Delivery Date through the second December 31 thereafter (such period, the “First PILOT Year”),and (B) each twelve (12) calendar month period commencing on the first January 1 following the First PILOT Year and on each anniversary thereof.
PILOT Year means each twelve-month period of the solar photovoltaic pilot program beginning on April 1 and ending on March 31.
PILOT Year means a twelve (12) month period which begins on the Start Date or an anniversary thereof, during the Term.
PILOT Year means each twelve (12) month period, commencing on the first day of July of each such period occurring during the Term hereof or such other 12 month period as may hereafter be adopted as the fiscal year for PILOT payment purposes by the City of New York.
PILOT Year means the first tax year following the Taxable Status Date after the Completion Date. For example, if the Completion Date was prior to March 1, 2022, the Initial PILOT Year would include the 2022/2023 School District PILOT, the 2023 County PILOT, the Exhibit A - 12023 Town PILOT, the2023 LaGrange Fire District PILOT, and the2023 Mapleview Water District PILOT, (collectively the “Initial PILOT Year”) shall become due, and annually thereafter for a total of ten (10) years in accordance with the Schedule of PILOT Payments.
PILOT Year shall have the meaning set forth in Section 33.03. ----------