Payment in Lieu definition

Payment in Lieu means a payment of money in lieu of a conveyance otherwise required under section 42, 51.1 or 53; (“paiement tenant lieu de cession”)
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Payment in Lieu has the meaning given in clause 25.1;
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Payment in Lieu means a payment ofmoney in place of meeting all or part of the storm water performance standards required by this ordinance.
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Examples of Payment in Lieu in a sentence

  • Notary Public My Commission expires: Reference is hereby made to that certain Payment in Lieu of Taxes Agreement, as amended (collectively, the “PILOT Agreement”) by and among the City of Overland Park, Kansas (the “City”), Overland One, LLC (“Owner”) and Creative Planning, LLC, as successor-in-interest to Creative Planning, Inc.

  • Any Payment in Lieu paid by the Developer shall be 31 included in the calculation of the Excess Tax Increment.

  • COUNTY OF JOHNSON ) The foregoing instrument was acknowledged before me on , 2023, by Xxxxxx Xxxxx, as Director of Legal Services of Creative Planning Legal, P.A. Notary Public My Commission expires: Reference is hereby made to that certain Payment in Lieu of Taxes Agreement, as amended (collectively, the “PILOT Agreement”) by and among the City of Overland Park, Kansas (the “City”), Overland One, LLC (“Owner”) and Creative Planning, LLC, as successor-in-interest to Creative Planning, Inc.

  • The Payment in Lieu of Tax Agreement (“PILOT Agreement”) authorized in the Resolution shall require the Company to make payments in lieu of real estate taxes in accordance with the formula more particularly set forth on Schedule A.

  • Notary Public My Commission Expires: Reference is hereby made to that certain Payment in Lieu of Taxes Agreement, as amended (collectively, the “PILOT Agreement”) by and among the City of Overland Park, Kansas (the “City”), Overland One, LLC (“Owner”) and Creative Planning, LLC, as successor-in-interest to Creative Planning, Inc.

  • Dated: October , 2020 WYOMING COUNTY INDUSTRIAL DEVELOPMENT AGENCY By: Name: Xxxxx Xxxxxx Title: Executive Director Dated: October _29 , 2020 ORANGEVILLE ENERGY STORAGE LLC By: Name: Title: Xxxxx Xxxxxx Vice President SCHEDULE A Payment in Lieu of Tax Schedule Payments in lieu of general levy real estate taxes (“PILOT Payments”) will be due and payable as follows: with respect to the Town and County by February 15, and with respect to the School District by October 15.

  • Payment in Lieu To encourage the flexible use of long service leave, an employee may, in writing, request the approval of the head of service for payment in lieu (cash out) of long service leave.


More Definitions of Payment in Lieu

Payment in Lieu means the payment of funds equivalent to the value of the amount of land that the County would otherwise have been entitled to acquire for park or other public recreational purposes as part of a development. The Payment-in-Lieu is usually required as a condition of a site plan, draft plan of subdivision or draft plan of condominium approval.
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Payment in Lieu has the meaning set forth in Section III(F).
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Payment in Lieu. As used in Clause 10.11of this Agreement for payment made by Council to a redundant employee when Council does not give 10 weeks notice for termination of employment. The calculation of the payment in lieu shall be based on 10 times the weekly wages at the time of termination.
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Payment in Lieu has the meaning given in subparagraph 5.04(a)(i).
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Payment in Lieu means a sum in lieu of notice equal to the basic salary (as at the date of termination) which you would have been entitled to receive under this Agreement during the relevant notice period referred to at clause 13.1 (or, if notice has already been given, during the remainder of the notice period) less any deductions required by law; “Prospective Customer’’ means any person, firm or company with whom during the period of twelve months preceding the Termination Date, the Company was or has been in negotiations or discussions with or to whom the company shall have presented a proposal with a view to such person, firm or Company placing an order for goods or services with the Company;
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Payment in Lieu the actual payment required to be made to the London Borough of Waltham Forest pursuant to the Viability Reassessment Pro Forma.
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Related to Payment in Lieu

  • Payment-in-lieu-of-dues means an assessment to defray the cost for services by the exclu-

  • Agreement in lieu of a plan means a contract between the plan-approving authority and the owner that specifies conservation measures that must be implemented in the construction of a single-family residence; this contract may be executed by the plan-approving authority in lieu of a formal site plan.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Payment in Full means the indefeasible payment in full in cash of all of the Obligations.

  • Cash Payment has the meaning set forth in Section 2.2(b).

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Repurchase Obligation has the meaning set forth in Section 8.6.

  • Accelerated Purchase Price means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, the lower of ninety-seven percent (97%) of (i) the VWAP for the period beginning at 9:30:01 a.m., Eastern time, on the applicable Accelerated Purchase Date, or such other time publicly announced by the Principal Market as the official open (or commencement) of trading on the Principal Market on such applicable Accelerated Purchase Date (the "Accelerated Purchase Commencement Time"), and ending at the earliest of (A) 4:00:00 p.m., Eastern time, on such applicable Accelerated Purchase Date, or such other time publicly announced by the Principal Market as the official close of trading on the Principal Market on such applicable Accelerated Purchase Date, (B) such time, from and after the Accelerated Purchase Commencement Time for such Accelerated Purchase, that the total number (or volume) of shares of Common Stock traded on the Principal Market has exceeded the applicable Accelerated Purchase Share Volume Maximum, and (C) such time, from and after the Accelerated Purchase Commencement Time for such Accelerated Purchase, that the Sale Price has fallen below the applicable Accelerated Purchase Minimum Price Threshold (such earliest of (i)(A), (i)(B) and (i)(C) above, the "Accelerated Purchase Termination Time"), and (ii) the Closing Sale Price of the Common Stock on such applicable Accelerated Purchase Date (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Unpaid Balance means the amount owing under this agreement at a particular time, being the difference between all amounts credited and all amounts debited to you under this agreement at that time.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Repurchase Price means, with respect to any Loan the Book Value, adjusted to reflect changes to Book Value after Bank Closing, plus (i) any advances and interest on such Loan after Bank Closing, minus (ii) the total of amounts received by the Assuming Bank for such Loan, regardless of how applied, after Bank Closing, plus (iii) advances made by Assuming Bank, plus (iv) total disbursements of principal made by Receiver that are not included in the Book Value.

  • Untimely payment means a payment to a subcontractor that is more than 90 days past due under the terms and conditions of a subcontract for supplies and services for which the Government has paid the prime contractor.

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Contingent Payment has the meaning set forth in Section 4.2 (Contingent Payments).

  • Purchase Obligation means the unconditional and irrevocable obligation of the Liquidity Provider during the term and pursuant to the terms of the VRDP Shares Purchase Agreement to purchase Outstanding VRDP Shares on any Purchase Date at the Purchase Price from Beneficial Owners, in the case of any Optional Tender, and Holders, in the case of any Mandatory Tender or any Mandatory Purchase, in each case following delivery of a Final Notice of Purchase with respect to such VRDP Shares.