Tax Abatement Period definition

Tax Abatement Period means the period beginning upon the expiration of the Construction Period and ending upon the date that is fifteen (15) years after the expiration of the Construction Period, which period is intended to facilitate implementation of the approved tax abatement incentive for the Project as follows: abatement of property taxes (above current predevelopment taxes) generated by the Project for fifteen (15) years (100% abatement in Years 1-10; 37.5% abatement in Years 11-15).
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Tax Abatement Period means the period beginning upon the filing of a Certificate of Qualification for Tax Abatement with the Jackson County Assessor and expiring ten (10) years after such Certificate of Qualification for Tax Abatement is filed with the Jackson County Assessor, subject to and in accordance with Sections 99.700 to 99.715, RSMo, of the LCRA Law.
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Tax Abatement Period means the period, in years, during which the Real Property and Tangible Personal Property added to the Real Property are entitled to tax abatement pursuant to this Agreement. The Tax Abatement Period shall commence on January 1 of the year following the issuance of the first Certificate of Occupancy for a commercial structure within the Project and said period shall expire on the last day of the tenth (10th) calendar year thereafter.
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Examples of Tax Abatement Period in a sentence

  • After completion of the Project and during the Tax Abatement Period, the Project shall be maintained in habitable condition and in compliance with all applicable City and County ordinances and codes.

  • In the event the Project or the Related Project closes or moves from the County during the Tax Abatement Period, the City and the County reserve the right to immediately terminate the tax abatements provided by this Agreement and require the partial repayment of amounts that would have been payable on the Property during the Tax Abatement Period as if it were subject to property taxes.

  • The Company must meet one hundredpercent (100%) of the Minimum Job Requirement and the Minimum Investment Requirement by January 1, 2020 (the “Determination Date”) and during each calendar year thereafter during the Tax Abatement Period.

  • The City and the County may then require the Company to pay an amount up to the difference between the amounts of the In Lieu Payments required pursuant to Paragraph 4 of this Agreement and the amounts that the Company would have paid using the pro-rated percentage of the affordable housing units associated with the Tax Abatement Period.

  • For any periods before or after the Tax Abatement Period that the Property is owned by the Board, the Company shall make In Lieu Payments in an amount, as determined by the Assessor and the Trustee, equal to one hundred percent (100%) of the amount of taxes that would have been payable on the Property if it were subject to property taxes.

  • For any periods before the Tax Abatement Period or after the Tax Abatement Period that the Property is owned by the Board and leased to the Company, the Company shall make In Lieu Payments in an amount, as determined by the Assessor, the Treasurer and the Trustee, equal to one hundred percent (100%) of the amount of taxes that would have been payable on the Property if it were subject to property taxes.

  • After completion of the Project and during the Tax Abatement Period, 100% of the dwelling units in the Project will be set aside for occupancy by households whose income is not greater than 60% of the area median income as annually defined in the most recent guidelines published by the Department of Housing and Urban Development (the “Affordability Requirement”).

  • In the event the Project closes or moves from the County during the Tax Abatement Period, the City and the County reserve the right to immediately terminate the tax abatements provided by this Agreement and require the partial repayment of amounts that would have been payable on the Property during the Tax Abatement Period as if it were subject to property taxes.

  • After completion of the Project and during the Tax Abatement Period, 100% of the dwelling units in the Project will be set aside for occupancy by households whose income is not greater than 60% of the area median income as annually defined in the most recent guidelines published by the Department of Housing and Urban Development (the "Affordability Requirement").

  • As noted above, during such years 2019 to 2033 (the “Improvements Tax Abatement Period”; the Improvements Tax Abatement and the Real Property Tax Abatement Period collectively called the “Tax Abatement Period”), the Company shall continue to pay the School Portion attributable to the Hamilton County Schools.


More Definitions of Tax Abatement Period

Tax Abatement Period means the period not exceeding ten years commencing on the January 1st occurring after execution of the Agreement or such later January 1st in accordance with these Guidelines and Criteria as is specified in the Agreement.
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Tax Abatement Period means the period commencing on the date hereof and ending on July 6, 2008.
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Related to Tax Abatement Period

  • Assessment Period means such period as is prescribed in sections 19 to 21 over which income falls to be calculated;

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • Lead abatement means any measure or set of measures designed to permanently eliminate lead-based paint hazards, including lead-contaminated dust or soil.

  • Consent Period has the meaning set forth in Section 3.05(d)(ii).

  • Payment Period means the three months following each Collection Quarter.

  • Curtailment Period means the period of time during which Seller reduces generation from the Project, pursuant to a Curtailment Order. The Curtailment Period shall be inclusive of the time required for the Project to ramp down and ramp up; provided that such time periods to ramp down and ramp up shall be consistent with the Ramp Rate designated in the Cover Sheet.

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Agreement Period shall have the meaning ascribed thereto in Clause 3.2 of this Agreement.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Disbursement Period means the period during which Grant Funds may be disbursed.

  • Non-Payment Period means a period commencing on and including a Dividend Payment Date or redemption date for which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding such Dividend Payment Date, for payment on or (to the extent permitted by Section 11.2(c)(i) of these Bylaws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on APS payable on such Dividend Payment Date, provided, however, that if the Trust is not able to make such declaration in compliance with the foregoing because an unforeseen event or unforeseen events causes or cause a day that otherwise would have been a Business Day not to be a Business Day, then the Trust may make such declaration on the Business Day immediately preceding the Dividend Payment Date, if possible, or, if not possible, on the Dividend Payment Date, and in such case the Trust shall not be deemed to have failed to declare a dividend otherwise required to be declared, or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any such redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days’ but no more than 30 days’ written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by Section 11.2(c)(i) of these Bylaws, shall not constitute a “Non-Payment Period.”

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.

  • Lease Termination Date means the last day of the Lease Term.

  • Postponement Period has the meaning ascribed to such term in Section 2.1(b).

  • insurance period means a contribution period or an equivalent period;

  • CIC Protection Period means the two-year period beginning on the date of a Change in Control and ending on the day before the second annual anniversary of the date of the Change in Control.

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.