Examples of Special Source Revenue Credits in a sentence
Deferral)An Ordinance Authorizing The Execution And Delivery Of A Fee-In- Lieu-Of-Tax Agreement By And Between Project Longshot (The “Company”) And Florence County, South Carolina (The “County”) To Provide For The Payment Of Certain Fees In Lieu Of Taxes, The Issuance Of Certain Special Source Revenue Credits, And Other Matters Related Thereto.
This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax and Special Source Revenue Credits Agreement or a summary compliant with Section 12-44-55 of the Code.
In the event the Company, together with its Affiliates, as permitted in the FILOT Act and the FILOT Agreement, does not invest at least $14,000,000 in new investment in the Project within the Investment Period, this Agreement shall terminate as to the Special Source Revenue Credits and any amount of Special Source Revenue Credits provided to the Company shall be subject to repayment retroactively.
The following is a summary of the key provisions of this Fee in Lieu of Tax and Special Source Revenue Credits Agreement.
The form, terms, and provisions of the Fee Agreement (which includes the provision of Special Source Revenue Credits) presented to this meeting and filed with the Clerk to County Council are hereby approved, and all of the terms, provisions, and conditions thereof are hereby incorporated herein by reference as if the Fee Agreement was set out in this Ordinance in its entirety.
Project Longshot (The “Company”) And Florence County, South Carolina (The “County”) To Provide For The Payment Of Certain Fees In Lieu Of Taxes, The Issuance Of Certain Special Source Revenue Credits, And Other Matters Related Thereto.
Project 2187, Acting On Behalf Of Itself And/Or Any Affiliates Or Other Project Investors, To Provide For Certain Special Source Revenue Credits In Connection With The Establishment Of Certain Facilities Located In Chester County; (2) The Benefits Of A Multi-County Industrial Or Business Park To Be Made Available To The Company And The Property; And (3) Other Related Matters.
No such sale, lease, conveyance, grant or assignment shall relieve the County from the County’s obligations to provide Personal Property Special Source Revenue Credits to the Company or any assignee of the same, under this Agreement as long as such assignee is qualified to receive the Personal Property Special Source Revenue Credits under the Infrastructure Credit Act.
The Company and/or the Sponsor Affiliates, as applicable agree that, as of any date during the term of this Fee Agreement, the cumulative dollar amount expended by the Company and/or the Sponsor Affiliates, as applicable on Infrastructure Improvements shall equal or exceed the cumulative dollar amount of all the Annual Special Source Revenue Credits received by the Company and/or the Sponsor Affiliates, as applicable.
Formerly Titled As Project Longshot (The “Company”) And Florence County, South Carolina (The “County”) To Provide For The Payment Of Certain Fees In Lieu Of Taxes, The Issuance Of Certain Special Source Revenue Credits, And Other Matters Related Thereto.