Project Increment definition

Project Increment an element of the Project which delivers one or more Solution Increments;
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Project Increment means, for each calendar year, the amount equal to the tax increment property taxes attributable to the Project that are remitted to the Town for deposit into the TIF Fund under the provisions of the TIF Act net all amounts required by operation of the TIF Act to be paid to other taxing districts.
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Project Increment means the EBPS of a Project multiplied by a Participant's Project Percentage for the same Profit Sharing Period.
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Examples of Project Increment in a sentence

  • Such annual payments shall be made on or before each January 15 of each year during the term of this Agreement, commencing January 15 of the year following the year immediately after the year in which any Project Increment is first placed in service.

  • Effective ________, 20__ (the “Effective Date”) the Committee has awarded to you ______ Performance-Accelerated Restricted Share Units (the “PARS Units”) pursuant to the Plan, representing the right to receive ______ shares of Company Stock (net of tax withholdings) upon satisfaction of all of the terms and conditions set forth in this Award Agreement and in the Plan, a copy of which has been delivered to you.

  • Such annual payments shall be made on or before each January 15 of each year during the Term of this Agreement, commencing January 15 of the year following the first year after the first Project Increment is placed in service.

  • The County agrees that if, and only if, this Agreement would otherwise be deemed unenforceable by virtue of such 20 year term, the term shall be extended to December 31 of the year which is the twenty-ninth (29th) year following the first year in which each Project Increment is placed in service, provided that in such case, the Company agrees to elect to terminate the Agreement with respect to each Project Increment after the Company has received 20 years of benefits with respect to such Project Increment.

  • The Company and the County agree that their intention is for the benefits provided under this Agreement to apply for 20 years with respect to each Project Increment.

  • Simultaneously with the funding of the Construction Escrow Account for each Project Increment in the Phase III Land Based Project, Tenant will provide the City a “Phase III Critical Path”, which will set forth the projected start date for each such Project Increment, the manner in which such Project Increment will be constructed and a projected completion date for such Project Increment.

  • So that the Project Increment may be captured, the Local Governmental Bodies shall establish a discrete allocation area comprised solely of the Project Site.

  • YRC shall pledge the Project Increment to the payment of debt service on the Bonds, with the Project Increment being the sole source of funds for the payment of such debt service.

  • I/II and each respective Project Increment, Tenant will provide the City with a complete and legible set of all as-built plans and specifications (including all operating manuals for mechanical systems but excluding surveillance and security systems and secure or sensitive areas) regarding the same, as such plans and specifications may be amended from time to time, within thirty (30) days after such as-built plans and specifications or amendments are received by Tenant.

  • Sum Rent and the rent required in each Prime Lease, there shall be no other rent, percentage rent, or any equivalent payment constituting rent or docking fees, other than Impositions (defined below) and the Additional Payment (which is a Phase III Project Increment), required to be paid to the City under this Lease.

Related to Project Increment

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Tax Increment means the difference between:

  • Incremental Increase has the meaning specified in Section 2.16(a).