Recaptured Benefits means all direct monetary benefits, tax exemptions and abatements and other financial assistance, if any, derived solely from the Agency’s participation in the transaction contemplated by the Lease Agreement including, but not limited to, the amount equal to 100% of:
Recaptured Benefits has the meaning ascribed to such term in Section 5.4 of the Lease Agreement.
Recaptured Benefits means an amount equal to 100% of:
Examples of Recaptured Benefits in a sentence
In consideration therefor, the Company hereby agrees that if there shall occur a Recapture Event (as defined below) after the after the date hereof, the Company shall pay to the Agency, or to the State, if so directed by the Agency (except as otherwise specified below) as a return of public benefits conferred by the Agency, one hundred percent (100%) of the Recaptured Benefits.
More Definitions of Recaptured Benefits
Recaptured Benefits shall include, in addition to those benefits enumerated in the Lease Agreement, the Sales Tax Exemption savings realized by or for the benefit of the Sublessees, including any savings realized by any Agent pursuant to the Equipment Lease Agreement and each Sales Tax Agent Authorization Letter issued in connection with the Facility (the “Sublessee Sales Tax Savings”).
Recaptured Benefits means all direct monetary benefits, tax exemptions and abatements and other financial assistance, if any, derived solely from the Agency’s participation in the transaction contemplated by this Project Agreement including, but not limited to, the amount equal to one hundred percent (100%) of the Sales Tax Exemption savings realized by or for the benefit of the Company, including any savings realized by any Subagent, which Recaptured Benefits from time to time shall upon the occurrence of a Recapture Event in accordance with the provisions of subsection (c) below and the declaration of a Recapture Event by notice from the Agency to the Company be payable directly to the Agency or the State if so directed by the Agency within ten (10) days after such notice.
Recaptured Benefits means an amount equal to 100% of the tax abatements associated with the Financial Assistance, which Recaptured Benefits from time to time shall be payable directly to the Agency, within thirty (30) days after such notice, upon the occurrence of a Recapture Event (as defined below) in accordance with the provisions of subsection (c) below and the declaration of a Recapture Event (as defined below) by written notice from the Agency to the Company.