Exemption Period definition

Exemption Period means the period beginning on the first day of the property tax year after the property tax year in which an applicable portion of Economic Development Property is placed in service and ending on the Termination Date. In case there are Phases of the Project, the Exemption Period applies to each year’s investment made during the Investment Period.
Exemption Period means the period during which any Exemption Event has occurred and continues.
Exemption Period means any period during which the notional amounts of Swap Agreements in respect of interest rates (when aggregated with all other Swap Agreements of the Borrower and its Subsidiaries then in effect effectively converting interest rates from floating to fixed) exceed 100% of the then outstanding principal amount of the Borrower’s Debt for borrowed money which bears interest at a floating rate as a result of the Borrower’s repayment of Loans with the proceeds of any sale or issuance of Equity Interests or the proceeds of any Debt permitted to be incurred under this Agreement; provided, that such period occurs between (a) the date on which the Borrower or a Subsidiary signs a definitive acquisition agreement for any acquisition of Property or Equity Interests of any Person not prohibited by this Agreement and (b) the earliest of (i) the date such acquisition is consummated, (ii) the date such acquisition is terminated and (iii) 90 days after such definitive acquisition agreement was executed (or such longer period as to which the Administrative Agent may agree).

Examples of Exemption Period in a sentence

The fair market value of the real property for the first year of the Exemption Period remains the fair market value of the real property and Improvements for the life of the Exemption Period.

Step 3: Use a millage rate of 356 mills (the millage rate applicable on June 30, 2020) during the Exemption Period against the taxable value to determine the amount of the FILOT Payments due during the Exemption Period on the applicable payment dates.

Nothing in this paragraph shall be read to permit OFCCP to review Google’s compliance outside of the terms of this Agreement or to permit OFCCP to undertake compliance evaluations of any of the Google establishments exempt from audit under the Five-Year Exemption Period described in Part III, Section 1 below.

A list of all currently existing Google establishments exempt from audit under the Five-Year Exemption Period is attached hereto as Attachment A.

Google agrees to an in-depth review, under the terms of this Agreement, of all of its establishments exempt from audit under the Five-Year Exemption Period to ensure non-discriminatory selection and pay practices.


More Definitions of Exemption Period

Exemption Period of a corporation means the period that begins at the beginning of the corporation’s first taxation year and ends on the earlier of
Exemption Period means the period beginning on the later of the commencement date or the last day of the property tax year in which the fee agreement is entered into and ending on the termination date. For projects which are completed and placed in service during more than one year, the exemption period applies to each year's investment made by a sponsor during the investment period.
Exemption Period means that period during which all or a portion of the assessed valuation of the improvements has been exempted from real property taxation pursuant to section 725.02 of the Revised Code.
Exemption Period means the period beginning on the first day of the property tax year after the property tax year in which an applicable portion of Economic Development Property is placed in
Exemption Period means the period commencing on (and including) the day on which the Borrower receives the notice under Article 7.1 and ending on (and including) the day on which it receives the notice under Article 7.2.
Exemption Period means the period commencing on the day (inclusive) the Borrower receives the notice in Clause 9.1 and ending on the day (inclusive) it receives the notice in Clause 9.2.
Exemption Period means the period commencing on the day (inclusive) the Borrower receives the notice set forth in Article 8.1 and ending on the day (inclusive) it receives the notice set forth in Article 8.2.