Common use of Abatement Percentages Clause in Contracts

Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Petrochemical Facility and the percentage of tax abatement shall be in accordance with the schedule set out below conditioned upon the Facility providing at least at least 20 net new full-time jobs. There is no New Capital Investment minimum amount in connection with this abatement. Year Percentage of Abatement Construction Period (not to exceed 3 years) 100% Year 1 50% Year 2 50% Year 3 50% Year 4 50% Year 5 50%

Appears in 1 contract

Samples: Tax Abatement Agreement

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Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Petrochemical Basic Manufacturing or Service Facility and the percentage of tax abatement shall be in accordance with the schedule set out below conditioned upon the Facility providing at least at least 20 net new full-time jobs. There is no jobs and $500 million in New Capital Investment minimum amount in connection with this abatementInvestment. Year Percentage of Abatement Construction Period 100% (not to exceed 3 5 years) 100% Year 1 5070% Year 2 5070% Year 3 5070% Year 4 5070% Year 5 5070%

Appears in 1 contract

Samples: Tax Abatement Agreement

Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Petrochemical Basic Manufacturing Facility and the percentage of tax abatement shall be in accordance with the schedule set out below below, conditioned upon the Facility providing at least at least 20 10 net new full-full- time jobs. There is no jobs and at least $150 million in New Capital Investment minimum amount in connection with this abatementInvestment. Year Percentage of Abatement Construction Period Phase (not to exceed 3 years) 100% Year 1 50% Year 2 50% Year 3 50% Year 4 50% Year 5 50%

Appears in 1 contract

Samples: Tax Abatement Agreement

Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Petrochemical Basic Manufacturing Facility and the percentage of tax abatement shall be in accordance with the schedule set out below below, conditioned upon the Facility providing at least at least 20 net new full-full- time jobs. There is no jobs and at least $500 million in New Capital Investment minimum amount in connection with this abatementInvestment. Year Percentage of Abatement Construction Period Phase (not to exceed 3 years) 100% Year 1 5070% Year 2 5070% Year 3 5070% Year 4 5070% Year 5 5070%

Appears in 1 contract

Samples: Tax Abatement Agreement

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Abatement Percentages. The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of construction of the Facility. The Facility has been identified as a Petrochemical Basic Manufacturing or Service Facility and the percentage of tax abatement shall be in accordance with the following schedule set out below conditioned upon the Facility providing at least at least 20 6 net new full-time jobs and retaining at least 106 full-time jobs. There is no New Capital Investment minimum amount in connection with this abatement. : Year Percentage of Abatement Construction Period (not to exceed 3 5 years) 100% Year 1 50% Year 2 50% Year 3 50% Year 4 50% Year 5 50%

Appears in 1 contract

Samples: Tax Abatement Agreement

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