Simplified FILOT Act definition

Simplified FILOT Act means Title 12, Chapter 44 of the Code, as amended through the date hereof.
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Simplified FILOT Act means Title 12, Chapter 44, of the Code, and all future acts successor or supplemental thereto or amendatory thereof.
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Examples of Simplified FILOT Act in a sentence

  • The parties acknowledge that the intent of this Agreement is to afford the Company the benefits of the Negotiated FILOT Payments in consideration of the Company’s decision to locate the Project within Berkeley County and that this Agreement has been entered into in reliance upon the enactment of the Simplified FILOT Act.

  • If the Company fails to meet the Contractual Minimum Investment Requirement by the end of the Initial Investment Period or fails to maintain the Contractual Minimum Investment Requirement at any time after the Investment Period closes, then this Agreement shall continue in force but the FILOT Payments shall be adjusted prospectively pursuant to Section 5.01(d)(iv) of this Agreement, as permitted by Section ▇▇-▇▇-▇▇▇ and 12-44- 140(C) of the Simplified FILOT Act.

Related to Simplified FILOT Act

  • USA PATRIOT Act means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001.