County PILOT definition

County PILOT means the Dutchess County’s Apportioned Share of the Annual PILOT due on February 28 of each year.
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County PILOT means the payment in lieu of taxes to be made by the Company to the County, in an annual amount equal to $ per megawatt of generating capacity of the Project.
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Examples of County PILOT in a sentence

  • It is understood that no portion of any County PILOT payment will be redirected to the Fund.

  • After the required the City PILOT Payment, the School District PILOT Payment and the County PILOT Payment distributions have been made in accordance with this Agreement, the balance of the PILOT Payment received shall be held by the Trustee for further disposition as provided in the Trust Indenture.

  • Notwithstanding anything to the contrary contained herein and irrespective of any lesser assessed value established by the PVA in any calendar year prior to the Constructed Assessment Date (defined in Section 2(b) below), for purposes of calculating the City PILOT Payment and the County PILOT Payment amounts, the assessed valuation of the Property and the Project shall not be less than $806,000 (the “Base Line Value”).

  • Upon execution of this Agreement, this Agreement shall replace the County PILOT Agreement for the Properties defined herein, as well as replace any other prior agreements among the parties regarding any PILOT payments not heretofore mentioned.

  • The Coverage Ratio for a calendar year shall be determined by dividing the Net Operating Income (as defined below) for all of such calendar year by the sum of (i) all debt service payments required to be made during such year, exclusive of any debt service payments payable solely from Surplus Cash (as defined below) and (ii) the sum of the County PILOT Credit and the City PILOT Credit.