Period of Benefits. The tax benefits provided for herein should be deemed to include (i) the 2024-25 School District tax year through the 2038-2039 School District tax year, and (ii) the 2025 County and Town tax years through the 2039 County and Town tax years. This Tax Agreement shall expire on December 31, 2039; provided, however, the Company shall pay (i) the 2039-40 School District tax bill, and (ii) the 2040 County and Town tax bills on the dates and in the amounts as if the Agency were not in title on the tax status date with respect to said tax years. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Tax Agreement executed by both parties after any applicable public hearings. The Company agrees that it will not seek any tax exemption for the Facility while this Tax Agreement is in effect, which could provide benefits for more than the periods provided for herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b of the RPTL. It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto.
Period of Benefits. The tax benefits provided for herein shall be deemed to include for the Land and the Existing Improvements, if any (i) the 2025 County and Town tax year through the 2039 County and Town Tax year, and (iii) the 2024/2025 School tax year through the 2038/2039 School tax year. This PILOT Agreement shall expire on December 31, 2039; provided, however, the Company shall pay the 2040 County and Town tax bill and the 2039/2040 School tax bill on the dates and in the amounts as if the Agency were not in title on the tax lien date with respect to said tax years. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Agreement executed by both parties after any applicable public hearings. The Company agrees that it will not seek any tax exemption for the Facility which could provide benefits for more than the periods provided for herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b, 485-e and 487 of the New York Real Property Tax Law (“RPTL”). It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto.
Period of Benefits. The tax benefits provided for herein should be deemed to include (i) the 2023-24 School District tax year through the 2052-53 School District tax year, and
Period of Benefits. Subject to the provisions of Section 1.3.4 and Article V of this Agreement, the Company shall have the right to terminate this Agreement or terminate this Agreement with respect to a portion of the real property subject to this Agreement, whereupon the Lease Agreement shall be terminated, or in the case of a partial termination the real property which is the subject of the partial termination shall be released from the Lease Agreement, and the real property, or portion thereof, as the case may be, shall automatically become taxable and be placed on the taxable rolls. Nothing herein shall affect the Company’s right under the Act to enter into a new PILOT agreement or a new lease agreement with the Agency.
Period of Benefits. This Agreement shall include: (i) the 20 County tax year through the 20 County tax year and (ii) the 20 - City tax year through the 20 - City tax year. This PILOT Agreement shall expire on December 31, 20 ; provided, however, the Company shall pay the 20 County tax xxxx and the 20 - City tax xxxx on the dates and in the amounts as if the Agency were not in title on the tax status date with respect to said tax years. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Agreement executed by both parties after any applicable public hearings. The Company agrees that it will not seek any tax exemption for the Facility which could provide benefits for more than the periods provided for herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b and 485-e of the New York Real Property Tax Law ("RPTL"). It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto. In no event shall the Company be entitled to receive tax benefits relative to the Company Facilities for more than the periods provided for herein.
Period of Benefits. The tax benefits provided for herein shall be deemed to include: (i) the 2020 County tax year through the 2028 County tax year; and (ii) the 2019-2020 City tax year through the 2027-2028 City tax year. This Tax Agreement shall expire on
Period of Benefits. Subject to the extension provided in Section 2, Players will continue to receive the benefits provided in this Article through the end of the Plan Year in which they are released or otherwise sever employment. Players vested due to their Credited Seasons under the Retirement Plan who are released or otherwise sever employment after May 1 in a calendar year will continue to receive the benefits provided under this section until the first regular season game of the season that begins in the following calendar year. Group benefits are guaranteed during the term of this Agreement unless required to be modified by law.
