Ad Valorem Property definition

Ad Valorem Property is defined in Section 2.4(a).
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Examples of Ad Valorem Property in a sentence

  • The application shall be accompanied by a Certification of Rebate of Increment in Ad Valorem Property Taxes in substantial compliance with the form attached hereto as Exhibit E.

  • If NorthWestern receives a real property Tax refund with respect to the Ad Valorem Property for or relating to a Pre-Closing Period, NorthWestern shall promptly remit to Avista its Pre-Closing Date Project Share of such refund relating to the Pre-Closing Period (less any reasonable out-of-pocket costs or Taxes incurred in connection with the receipt of such refund).

  • The City may make, or cause to be made the rebate within 30 calendar days after the City’s approval of the Certificate of Rebate of Increment in Ad Valorem Property Taxes.

  • All PILOTs shall constitute a lien on the Project, having the same priority as Ad Valorem Property Taxes in accordance with the provisions of Tennessee Code Annotated, Section 67-5-2101.

  • The City shall have 30 calendar days after receipt of said application and certificate to approve the Certificate of Rebate of Increment in Ad Valorem Property Taxes.

  • The SR-1 Refunding Bonds shall be designated as the “San Diego Unified School District 2016 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds), Series SR-1.” The SR-1 Refunding Bonds will be issued as Current Interest Bonds.

  • As consideration for this agreement the Bank agrees to pay all Ad Valorem Property Taxes due to the State of Georgia, Paulding County, and the city of Dallas for the years 1996, 1997, 1998, 1999, and 2000, and in the event that the Bank exercises its option to renew the lease as provided in paragraph 2 hereof, for the years 2001, and 2002.

  • If Buyer receives a real property Tax refund or credit with respect to the Ad Valorem Property for or relating to a Pre-Closing Period, Buyer shall promptly remit to Seller its pre-Closing Date Project Share of such refund or credit relating to the Pre-Closing Period.

  • Agreement The increase in the compensation scale shall be based on the following criteria: Property Tax Revenue Increase Increase in Compensation Scale 0% – 0.99% 0.25% 1.0% – 1.99% 0.50% 2.0% – 2.99% 1.00% 3.0% – 3.99% 1.50% 4.0% 2.00% The property tax increase will be calculated as follows: % increase on the wage scale = (A-B)/B A = Total Taxable Valuation of Ad Valorem Property for the Tax Year (Jan – Dec) ending immediately preceding the Employer’s fiscal year to which the wage change would apply.

  • In addition to Lessee's obligations to pay rent in accordance with Section 3.3, Lessee shall make payments to the City and County, as Additional Rent, in lieu of Ad Valorem Property Taxes for the Project as follows: Year Payments in Lieu of Tax Amount 2011 10% of the amount that Lessee would have to pay in Ad Valorem Property Taxes if the Project were owned by Lessee, rather than by Lessor.

Related to Ad Valorem Property

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Personal Property Taxes All personal property taxes imposed on the furniture, furnishings or other items of personal property located on, and used in connection with, the operation of the Leased Improvements as a hotel (other than Inventory and other personal property owned by the Lessee), together with all replacements, modifications, alterations and additions thereto.

  • Real Property Taxes shall also include any tax, fee, levy, assessment or charge, or any increase therein, imposed by reason of events occurring, or changes in Applicable Law taking effect, during the term of this Lease, including but not limited to a change in the ownership of the Industrial Center or in the improvements thereon, the execution of this Lease, or any modification, amendment or transfer thereof, and whether or not contemplated by the Parties.