Special Source Credit definition

Special Source Credit financing secured by and payable solely from revenues of the County derived from payments in lieu of taxes for the purposes set forth in Section 4-29-68 of the Code, namely: the defraying of the cost of designing, acquiring, constructing, improving, or expanding the infrastructure serving the County and for improved and unimproved real estate, and personal property, including but not limited to machinery and equipment, used in the operation of a manufacturing facility or commercial enterprise in order to enhance the economic development of the County (collectively, “Infrastructure”).
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Special Source Credit means the credit against the Negotiated Payments-in-Lieu-of- Taxes to be made by the Company or any Sponsor Affiliate to the County as authorized by Sections 4-1-175 and 4-29-68 of the Code.
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Special Source Credit means the credit against the Company's fee in lieu of tax payments, to reimburse the Company for the Cost of the Infrastructure, in the amounts set forth in Section 3.03 hereof.
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Examples of Special Source Credit in a sentence

  • This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax and Special Source Credit Agreement or a summary compliant with Section 12-44-55 of the Code.

  • The following is a summary of the key provisions of this Fee in Lieu of Tax and Special Source Credit Agreement.

  • The Company hereby waives the right, if any, to receive any Tax Reduction for any portion of the investment in the Project for which a Special Source Credit is taken.

  • The Company agrees that notwithstanding such waiver, if it receives any Tax Reduction for any portion of the investment in the Project for which a Special Source Credit is taken, the amount of the Special Source Credit that the Company is otherwise eligible to receive shall be reduced by the amount of the Tax Reduction for the portion of the investment in the Project for which a Special Source Credit is taken.

  • Subsequently, following a failure to remedy the Event of Default, the County may, in its sole discretion, determine not to provide the Special Source Credit which would otherwise be applied to the Fee Payment to be made by the Company with respect to such property tax year, and not to provide any further Special Source Credits under this Agreement until such certification has been properly made and received.

  • Provided, for so long as this Fee Agreement remains in full force and effect, the Special Source Credit shall be paid solely by setoff by the Company against fee in lieu of tax payments due under this Fee Agreement.

  • The Special Source Credit will be payable exclusively from payments in lieu of taxes which the County receives and retains from the Company for the Project in the Park under this Fee Agreement.

  • Based on this certification, the Treasurer of the County shall display and subtract the Special Source Credit from the fee in lieu of tax payment statement sent to the Company for the duration of the Special Source Credit.

  • In this case, the Special Source Credit with respect to all assets placed in service between the Ten Year Milestone and the Fifteen Year Milestone would return to 75% for the remaining years of the thirty year Credit Period for each such Phase.

  • Further, any amount of reimbursement of the Company or any Project Affiliate for Infrastructure expenditure by way of a Special Source Credit may not be duplicated through a Special Source Credit to any other entity for the same expenditure.

Related to Special Source Credit

  • Collateral source shall have the meaning set forth in Section 8.5.

  • Commercial Software means Software developed or regularly used that: (i) has been sold, leased, or licensed to the general public; (ii) has been offered for sale, lease, or license to the general public; (iii) has not been offered, sold, leased, or licensed to the public but will be available for commercial sale, lease, or license in time to satisfy the delivery requirements of this Contract; or (iv) satisfies a criterion expressed in (i), (ii), or (iii) above and would require only minor modifications to meet the requirements of this Contract.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Medical flexible spending arrangement or "medical FSA" means a benefit plan whereby eligible state employees may reduce their salary before taxes to pay for medical expenses not reimbursed by insurance as provided in the salary reduction plan established under chapter

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Virtual source means a point from which radiation appears to originate.

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Special group license plate means a type of license plate designed for a

  • Company Source Code means, collectively, any software source code or database specifications or designs, or any material proprietary information or algorithm contained in or relating to any software source code or database specifications or designs, of any Company-Owned Intellectual Property or Company Products.

  • Umbrella Cash Account means (a) a cash account designated in a particular currency opened

  • Alternative education program means a school or separate class group designed to best serve students’ educational needs and interests and assist students in achieving the academic standards of the district and the state.

  • risk management plan ’ means a risk management plan submitted to the Ad- ministrator by an owner or operator of a stationary source under subparagraph (B)(iii).

  • Parent Plan means an Employee Benefit Plan sponsored, maintained, or contributed to by Parent or its Affiliates or with respect to which Parent or its Affiliates have any liability.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Currency of the Client Account means the currency that the Client Account is denominated in.

  • Flexible vinyl adhesive means an aerosol adhesive designed to bond flexible vinyl to substrates. Flexible vinyl means a nonrigid polyvinyl chloride plastic with at least five percent, by weight, of plasticizer content. A plasticizer is a material, such as a high boiling point organic solvent, that is incorporated into a vinyl to increase its flexibility, workability, or distensibility, and may be determined using ASTM Method E260-91 or from product formulation data.

  • Sole source procurement means a procurement without competition pursuant to a determination under Subsection 63G-6a-802(1)(a) that there is only one source for the procurement item.

  • Referral Source has the meaning set forth in Section 7.07(b).

  • Stationary source means any building, structure, facility, or installation which emits or may emit any federally regulated air pollutant.

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Expiry Date (Data di Scadenza) means the Expiry Date as specified in § 1 of the Product and Underlying Data.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).