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 December 20, 2021, 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 December 1, 2024. Comptroller has the meaning specified in Section 8.24(b). Concessionaire has the meaning specified in Section 8.24(b). Construction shall have the meaning specified in Section 8.1(a). Contractor(s) shall have the meaning specified in Section 8.1(a). Control or Controls, including the related terms “controlled by” and “under common control with”, shall mean the power to direct the management and policies of a Person (x) through the ownership, directly or indirectly, of not less than a majority of its voting securities, (y) through the right to designate or elect not less than a majority of the members of its board of directors or trustees or other Governing Body, or (z) by contract or otherwise. Covered Counterparty has the meaning specified in Section 8.24(b).
Business incentive means a state or political subdivision direct cash transfer,
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:
Examples of Business incentive in a sentence
This reduction is applied solely for evaluation purposes.If the Bidder with the lowest monetary bid or best value, prior to application of the incentive, is a California-certified small business, only other certified small businesses will be eligible to receive the Small Business incentive bonus.
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. Unless specifically provided otherwise, the term does not include:
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). 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 August 22, 2018, 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 February 15, 2021. Comptroller has the meaning specified in Section 8.24(b). Concessionaire has the meaning specified in Section 8.24(b). Construction shall have the meaning specified in Section 8.1(a). Contractor(s) shall have the meaning specified in Section 8.1(a). Control or Controls, including the related terms “controlled by” and “under common control with”, shall mean the power to direct the management and policies of a Person (x) through the ownership, directly or indirectly, of not less than a majority of its voting securities, (y) through the right to designate or elect not less than a majority of the members of its board of directors or trustees or other Governing Body, or (z) by contract or otherwise. Covered Counterparty has the meaning specified in Section 8.24(b).
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). CGL shall have the meaning specified in Section 8.1(a). City shall mean The City of New York, New York. CM shall have the meaning specified in Section 8.1(a). Commencement Date shall mean April 11, 2023, on which date this Agreement was executed and delivered. 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 December 31, 2023. Comptroller shall have the meaning specified in Section 8.24(b). Concessionaire shall have the meaning specified in Section 8.24(b). Condominium shall mean that certain Condominium with respect to the Project Building pursuant to the Condominium Act and the Condominium Documents. Condominium Act shall mean Article 9-B of the New York Real Property Law (339-d et seq.) of the State of New York and all modifications, supplements and replacements thereof and all regulations with respect thereto, now or hereafter enacted or promulgated. Condominium Documents shall mean the declaration of condominium, by-laws and rules and regulations of a condominium association and any and all other documentation related to the proper formation and operation of the condominium regime established at the Project Building under State law. Construction shall have the meaning specified in Section 8.1(a). Contractor(s) shall have the meaning specified in Section 8.1(a). Control or Controls, including the related terms “controlled by” and “under common control with,” shall mean the power to direct the management and policies of a Person (x) through the ownership, directly or indirectly, of not less than a majority of its voting securities, (y) through the right to designate or elect not less than a majority of the members of its board of directors or trustees or other Governing Body, or (z) by contract or otherwise. 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). DOL shall hav...
Business incentive means any financial or non-financial inducement offered by the City of Mesquite to a business entity.
Business incentive means an item offered of value to a business that induces the business to locate in a particular jurisdiction.
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 have the meaning set forth in Section 5.1(a). 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 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 March 5, 2018, 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 170,950 rentable square feet, the rentable square footage of the Improvements upon completion of the Project Work. Completion Deadline shall mean March 5, 2021. Comptroller has the meaning specified in Section 8.24(b). Concessionaire has the meaning specified in Section 8.24(b). Construction shall have the meaning specified in Section 8.1(a). Contractor(s) shall have the meaning specified in Section 8.1(a). Control or Controls, including the related terms “controlled by” and “under common control with”, shall mean the power to direct the management and policies of a Person (x) through the ownership, directly or indirectly, of not less than a majority of its voting securities, (y) through the right to designate or elect not less than a majority of the members of its board of directors or trustees or other Governing Body, or (z) by contract or otherwise. Covered Counterparty has the meaning specified in Section 8.24(b). Covered Employer has the meaning specified in Section 8.24(b). CRET or Current Real Estate Taxes shall have the meaning set forth in Section 5.1(a). DCA has the meaning specified in Section 8.24(b). DLP or Differential Land Product shall have the meaning set forth in Section 5.1(a). 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, but excluding any Ineligible Items, with respect to which the Lessee and any Agent shall ...