Small Business Cap definition
Small Business Cap means three million dollars; provided that, beginning in 2015 and each year thereafter, the Small Business Cap shall be adjusted contemporaneously with the adjustment to the “living wage rate” component of the LW using the methodology set forth in Section 6-134(b)(9) of the New York City Administrative Code.
Small Business Cap has the meaning specified in Section 8.24(b). Special Provisions shall have the meaning set forth in Subsection 5.2(h)(i). Specified Contract has the meaning specified in Section 8.24(b). Stabilized PILOT Amount shall mean, with respect to the determination of PILOT for any semi-annual period for Land or Existing Improvements, as applicable, an amount equal to the Adjusted PILOT Amount applicable to the Land or Existing Improvements, respectively, for the semi-annual period that includes the Commencement Date, provided that if Adjusted PILOT Amount as of such date includes a reduction as a result of any Qualified As-of- Right Benefit, such amount shall be adjusted as such Qualified As-of Right Benefit decreases over its prescribed term. State shall mean the State of New York. State Sales and Use Taxes shall mean sales and compensating use taxes and fees imposed by Article 28 or 28-A of the New York State Tax Law but excluding such taxes imposed in a city by Section 1107 or 1108 of such Article 28, as the same may be amended from time to time. State Sales Tax Savings shall mean all Sales Tax Exemption savings relating to State Sales and Use Taxes realized by or for the benefit of the Lessee, including any savings realized by any Agent, pursuant to this Agreement and each Sales Tax Agent Authorization Letter issued in connection with the Project. Straight-Lease Transaction shall have the meaning assigned to that term in the Sublease Agreement shall mean that certain Sublease Agreement, dated as of even date herewith, between the Lessee, as sublessor, and the Sublessee, as sublessee, as the same may be amended and supplemented in accordance with its terms and as permitted by the terms thereof. Sublessee shall mean Best Choice Trading Corporation, a corporation organized and existing under the laws of the State of New York, and its successors and assigns; provided, however, that nothing contained in this definition shall be deemed to limit or modify the obligations of the Sublessee under Section 8 of the Sublease Agreement. Successor Lessee shall have the meaning set forth in Section 8.20(b)(ii). Tenant shall mean any subtenant, sub-subtenant or permittee occupying all or a portion of the Facility Realty. Tenant Lease shall mean any agreement with a Tenant relating to the use and occupancy of all or a portion of the Facility Realty. Term shall have the meaning set forth in Section 4.2. Termination Date shall mean such date on which this Agreement may terminate...
Small Business Cap has the meaning specified in Section 8.24(b). Special Provisions shall have the meaning set forth in Subsection 5.2(h)(i).
Examples of Small Business Cap in a sentence
Small Business Cap shall have the meaning specified in Section 8.24(b).
More Definitions of Small Business Cap
Small Business Cap has the meaning specified in Section 8.24(b). Special Provisions shall have the meaning set forth in Subsection 5.2(h)(i). Specified Contract has the meaning specified in Section 8.24(b). Stabilized PILOT Amount shall mean, with respect to the determination of PILOT for any semi-annual period for Land or Existing Improvements, as applicable, an amount equal to the Adjusted PILOT Amount applicable to the Land or Existing Improvements, respectively, for the semi-annual period that includes the Commencement Date, provided that if Adjusted PILOT Amount as of such date includes a reduction as a result of any Qualified As-of- Right Benefit, such amount shall be adjusted as such Qualified As-of Right Benefit decreases over its prescribed term. State shall mean the State of New York. State Sales and Use Taxes shall mean sales and compensating use taxes and fees imposed by Article 28 or 28-A of the New York State Tax Law but excluding such taxes imposed in a city by Section 1107 or 1108 of such Article 28, as the same may be amended from time to time. State Sales Tax Savings shall mean all Sales Tax Exemption savings relating to State Sales and Use Taxes realized by or for the benefit of the Lessee, including any savings realized by any Agent, pursuant to this Agreement and each Sales Tax Agent Authorization Letter issued in connection with the Project. Straight-Lease Transaction shall have the meaning assigned to that term in the
Small Business Cap has the meaning specified in Section 8.24(b). Special Provisions shall have the meaning set forth in Subsection 5.2(h). Specified Contract has the meaning specified in Section 8.24(b). Enabling Act.
Small Business Cap means three million dollars; provided that, beginning in 2015 and each year thereafter, the small business cap shall be adjusted contemporaneously with the living wage rate and using the methodology set forth in paragraph (9) of subdivision b of this section.[“Small business” has the meaning specified in paragraph 1 of subdivision d of this section.]
Small Business Cap means Three Million and No/100 Dollars ($3,000,000.00); provided that, beginning on January 1, 2023, and each year thereafter, the Small Business Cap shall be adjusted based on increases to the CPI.