Business incentive definition
Business incentive means a state or political subdivision direct cash transfer,
Business incentive. Rate shall mean the rate in connection with the Business Incentive Rate program, an energy discount program co-administered by NYCEDC and Con Edison. Certificate shall have the meaning specified in Section 8.1(a). Cessation Date shall mean the date on which the Facility Realty is no longer exempt from Real Estate Taxes by operation of law, including, but not limited to, by reason of the expiration (on the Expiration Date) or sooner termination of the Company Lease and the demise conveyed thereunder; and/or the expiration (on the Expiration Date) or sooner termination of this Agreement and the demise conveyed hereunder. CGL shall have the meaning specified in Section 8.1(a). City shall mean The City of New York, New York. City Tax Fiscal Year shall mean each annual period commencing on July 1, and ending on the immediately succeeding June 30, or such other annual period as shall be established by lawful authority as the City’s “tax fiscal year” or its equivalent. Claims shall have the meaning set forth in Section 8.2(a). CM shall have the meaning specified in Section 8.1(a). Commencement Date shall mean January 5, 2021, on which date this Agreement was executed and delivered. Commissioner shall have the meaning specified in Section 5.2(h)(ii). Common Elements shall have the meaning assigned to such term in the Condominium Documents. Company Lease shall mean the Company Lease Agreement, dated as of even date herewith, between the Lessee, as landlord, and the Agency, as tenant, as the same may be amended and supplemented in accordance with its terms and as permitted by the terms thereof. Completion Deadline shall mean July 15, 2022. Condominium Board shall mean the Governing Body under the Condominium Condominium Documents shall mean the declaration of condominium, by-laws Covered Counterparty shall have the meaning specified in Section 8.24(b). Covered Employer shall have the meaning specified in Section 8.24(b). DCA shall have the meaning specified in Section 8.24(b). Declaration of Restrictions shall mean any declaration of restrictive covenants made by the Owner or the Landlord prior to the Commencement Date. DOL shall have the meaning set forth in Section 8.7(c). Due Date shall have the meaning set forth in Section 9.8. Eligible Items shall mean the following items of personal property and services, but excluding any Ineligible Items, with respect to which the Lessee and any Agent shall be entitled to claim a Sales Tax Exemption in connection with the Pr...
Business incentive means a state or political subdivision direct cash transfer, loan, or equity investment; contribution of property or infrastructure; reduction or deferral of any tax or any fee; guarantee of any payment under any loan, lease, or other obligation; or preferential use of government facilities given to a business. To be considered a business incentive, the total assistance in all forms must be valued at twenty-five thousand dollars or more. Unless specifically provided otherwise, the term does not include:
Examples of Business incentive in a sentence
An Eligible Business incentive for alternatively powered vehicles may be applicable.
The Purchasers shall establish and maintain for the General Manager, Controller and Sales Manager of each Business incentive programs directed at achieving the Gross Profit Target.
Any dispute or controversy involving the Partnership Agreement and this Award Letter and/or any other documents to which you are a party relating to the Credit Business incentive plan of which this Award Letter and the Partnership Agreement form a part shall be governed by and construed in accordance with the laws of the State of Delaware.
More Definitions of Business incentive
Business incentive means a state or political subdivision direct cash transfer, loan, or
Business incentive means a state or political subdivision direct cash transfer, loan, or equity investment; contribution of property or infrastructure; reduction or deferral of any tax or any fee; guarantee of any payment under any loan, lease, or other obligation; or preferential use of government facilities given to a business. To be considered a business incentive, the total assistance in all forms must be valued at twenty-five thousand dollars or more committed within a year. Unless specifically provided otherwise, the term does not include:
a. Assistance that is generally available to all businesses or to a general class of similar businesses, such as a line of business, size, or similar criteria.
b. Incentives resulting from Bank of North Dakota programs unless the incentive is a direct interest rate buydown or is an investment made pursuant to the North Dakota alternative and venture capital investments and early-stage capital funds program.
c. Public improvements to buildings or lands owned by the state or political subdivision which serve a public purpose and do not principally benefit a single business or defined group of businesses at the time the improvements are made.
d. Assistance provided for the sole purpose of renovating old or decaying building stock or bringing such building stock up to code and assistance provided for designated historic preservation districts, provided that the assistance does not exceed seventy-five percent of the total cost.
e. Assistance to provide job-readiness and training services if the sole purpose of the assistance is to provide those services.
f. Assistance for housing.
g. Assistance for pollution control or abatement.
Business incentive. Rate shall mean the rate in connection with the Business Incentive Rate program, an energy discount program co-administered by NYCEDC and Con Edison. Certificate shall have the meaning specified in Section 8.1(a). Cessation Date shall mean the date on which the Facility Realty is no longer exempt from Real Estate Taxes by operation of law, including, but not limited to, by reason of the expiration (on the Expiration Date) or sooner termination of the Company Lease and the demise conveyed thereunder; and/or the expiration (on the Expiration Date) or sooner termination of this Agreement and the demise conveyed hereunder. CGL shall have the meaning specified in Section 8.1(a). City shall mean The City of New York, New York. City Tax Fiscal Year shall mean each annual period commencing on July 1, and ending on the immediately succeeding June 30, or such other annual period as shall be established by lawful authority as the City’s “tax fiscal year” or its equivalent. Claims shall have the meaning set forth in Section 8.2(a). CM shall have the meaning specified in Section 8.1(a). Commencement Date shall mean May 13, 2022, on which date this Agreement was executed and delivered. Commissioner shall have the meaning specified in Section 5.2(h)(ii). Company Lease shall mean the Company Lease Agreement, dated as of the date hereof, between the Lessee, as landlord, and the Agency, as tenant, as the same may be amended and supplemented in accordance with its terms and as permitted by the terms thereof.
Business incentive means a state or political subdivision direct cash transfer, loan, or equity investment; contribution of property or infrastructure; reduction or deferral of any tax or any fee; guarantee of any payment under any loan, lease, or other obligation; or preferential use of government facilities given to a business. To be considered a business incentive, the total assistance in all forms must be valued at twenty-five thousand dollars or more committed within a year. Unless specifically provided otherwise, the term does not include:
a. Assistance that is generally available to all businesses or to a general class of similar businesses, such as a line of business, size, or similar criteria.
b. Incentives resulting from Bank of North Dakota programs unless the incentive requires job creation to fulfill a requirement of the incentive.
c. Public improvements to buildings or lands owned by the state or political subdivision which serve a public purpose and do not principally benefit a single business or defined group of businesses at the time the improvements are made.
d. Assistance provided for the sole purpose of renovating old or decaying building stock or bringing such building stock up to code and assistance provided for designated historic preservation districts, provided that the assistance does not exceed seventy-five percent of the total cost.
e. Assistance to provide job-readiness and training services if the sole purpose of the assistance is to provide those services.
f. Assistance for housing.
g. Assistance for pollution control or abatement.
Business incentive. Rate shall mean the rate in connection with the Business Incentive Rate program, an energy discount program co-administered by NYCEDC and Con Edison. City shall mean The City of New York, New York. City Tax Fiscal Year shall have the meaning set forth in Section 5.1(a). Claims shall have the meaning set forth in Section 8.2(a). CM shall have the meaning specified in Section 8.1(a). Commencement Date shall mean October 26, 2017, on which date this Agreement was executed and delivered. Company Lease shall mean the Company Lease Agreement, dated as of the date hereof, between the Lessee, as landlord, and the Agency, as tenant, as the same may be amended and supplemented in accordance with its terms and as permitted by the terms thereof. Completed Improvements Rentable Square Footage shall mean approximately 9,000 rentable square feet, the rentable square footage of the Improvements upon completion of the Project Work. Contractor(s) shall have the meaning specified in Section 8.1(a). Covered Counterparty has the meaning specified in Section 8.24(b). Covered Employer has the meaning specified in Section 8.24(b). DCA has the meaning specified in Section 8.24(b). DOL shall have the meaning set forth in Section 8.7(a). Due Date shall have the meaning set forth in Section 9.8. Eligible Items shall mean the following items of personal property and services,
Business incentive. Rate shall mean the rate in connection with the Business Incentive Rate program, an energy discount program co-administered by NYCEDC and Con Edison. Certificate shall have the meaning specified in Section 8.1(a). Cessation Date shall mean the date on which the Facility Realty is no longer exempt from Real Estate Taxes by operation of law, including, but not limited to, by reason of the expiration (on the Expiration Date) or sooner termination of the Company Lease and the demise conveyed CGL shall have the meaning specified in Section 8.1(a). City shall mean The City of New York, New York. City Tax Fiscal Year shall mean each annual period commencing on July 1, and ending on the immediately succeeding June 30, or such other annual period as shall be established by lawful authority as the City’s “tax fiscal year” or its equivalent. Claims shall have the meaning set forth in Section 8.2(a). CM shall have the meaning specified in Section 8.1(a). Commencement Date shall mean July 13, 2023, on which date this Agreement was executed and delivered. Commissioner shall have the meaning specified in Section 5.2(h)(ii). Company Lease shall mean the Company Lease Agreement, dated as of the date hereof, between the Lessee, as landlord, and the Agency, as tenant, as the same may be amended and supplemented in accordance with its terms and as permitted by the terms thereof. Completion Deadline shall mean January 13, 2027, subject to extension as set forth in Section 3.3(a). Construction Workforce Disclosure Law shall have the meaning specified in Section Contractor(s) shall have the meaning specified in Section 8.1(a). Covered Counterparty has the meaning specified in Section 8.24(b).
Business incentive means an item offered of value to a business that induces the business to locate in a particular jurisdiction.