Annual PILOT definition

Annual PILOT means the sum of PILOTs due hereunder in a PILOT year. “Apportioned Share of the Annual PILOT” shall mean the percentage of each Annual
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Annual PILOT means the sum of PILOTs due hereunder in a PILOT year.
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Annual PILOT means the sum of PILOTs due hereunder in a PILOT year. “Apportioned Share of the Annual PILOT” shall mean the percentage of each Annual PILOT each Taxing Jurisdiction is entitled to receive, to be determined ratably using the ratio that the Taxing Jurisdiction’s tax rate bears to the total tax rate of all of the Taxing Jurisdictions, using the tax rates from the year prior to the Taxable Status Date. The Special District PILOTs shall not be apportioned but shall be billed with the Annual PILOT invoice. The School District PILOT shall not be apportioned but shall be calculated, billed and paid separately.
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Examples of Annual PILOT in a sentence

  • After Taxable Status Date each year the Agency shall determine the Annual PILOT, the Apportioned Share of the Annual PILOT and the School District Annual PILOT.

  • The Agency shall send an invoice to the Company for the Annual PILOT.

  • A schedule of the estimated Total PILOT is set forth in the "Total" column of the Annual PILOT Schedule attached hereto as Exhibit C for reference purposes.

  • Attached hereto for reference purposes, is Exhibit D, providing examples of an Annual PILOT Schedule based on the Company (or Eligible Tenant(s)) leasing portions of the Option Space.

  • It is understood and agreed that CN Associates and the Company may elect either option (i) or (ii) above at its discretion, but if a change in law occurs as provided in (iii) above, the Annual PILOT shall be paid as thereby required by law.

  • Notwithstanding anything in this Agreement, the Lease, the Project Employer Office Lease(s), or anything else to the contrary, Developer and/or Project Employer shall be fully liable and responsible for payment of the Annual PILOT and any and all other amounts required to be paid under this Agreement, including any and all payments under Section 7 or Section 9 of this Agreement.

  • If there are no Eligible Tenants and Eligible Square Footage in the Building at any time during the Term, the Annual PILOT and the Total PILOT shall be the same and shall be paid as described in Section 2(a) above.

  • Developer and the City have agreed that Developer shall be entitled to additional property tax abatement (and the Reduced Annual PILOT described in Section 2(b) above) if and to the extent that Developer can attract and lease portions of the Project to certain Project Employers as tenants of the Building.

  • Such payments shall be paid by or through Developer by separate check to the Treasurer of Johnson County, Kansas, or other appropriate officer, an amount which is equal to seventy-five percent (75%) of the Ad Valorem Taxes which would otherwise be due for the then-applicable taxable year for the Project if the Project were not exempt from ad valorem real estate taxation (the "Annual PILOT") as set forth in the Annual PILOT schedule attached hereto as Exhibit B (the “Annual PILOT Schedule”).

  • For example, if the Company fails to meet the Hotel Requirement for the tax year 2019, then, in addition to the Annual PILOT set forth in Section 2(a) hereof, the Company and/or CN Associates shall pay an additional amount equal to five percent (5%) of the Ad Valorem Taxes which would otherwise be due for the tax year 2019.


More Definitions of Annual PILOT

Annual PILOT means the sum of PILOTs due hereunder in a PILOT year. “Apportioned Share of the Annual PILOT” shall mean the percentage of each Annual PILOT each Taxing Jurisdiction is entitled to receive, to be determined ratably using the ratio that the Taxing Jurisdiction’s tax rate bears to the total tax rate of all of the Taxing Jurisdictions, using the tax rates from the year prior to the Taxable Status Date. The Special Districts PILOTs shall not be apportioned nor reduced by virtue of any abatement or exemption but shall be billed with the Annual PILOT invoice.
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Related to Annual PILOT

  • Annual Period has the meaning stated in Section 4.3(e).

  • Annual Plan means the annual plan of the Trust which is prepared in accordance with clause 9.1;

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Annual Turnover means the actual turnover achieved during your first year of operations, from the commencement of your business to the date of the damage, converted to a 12-month equivalent figure.

  • Annual Work Plan means each annual work plan, together with the related budget, for the Project approved by the Association pursuant to the provisions of Section I.B.3 of Schedule 2 to this Agreement.