FILOT Act Minimum Investment Requirement definition

FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.
Sample 1Sample 2Sample 3
FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company of at least $5,000,000 by the Company and any Sponsor Affiliate in the aggregate, in Economic Development Property.
Sample 1

Examples of FILOT Act Minimum Investment Requirement in a sentence

  • However, once the Company has met the Contract Minimum Investment Requirement during the Investment Period, the Company is only obligated to maintain the FILOT Act Minimum Investment Requirement thereafter.

  • FILOT Required Investment: $42,000,000 Investment Period: 5+ years Ordinance No./Date: []/September [], 2021 Assessment Ratio: 6% Term (years): 15 years Fixed Millage: Net Present discount rate): Value (if yes, N/A Clawback information: FILOT Act Minimum Investment Requirement: repay FILOT v.

Related to FILOT Act Minimum Investment Requirement

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $10,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.