PILOT Payments definition

PILOT Payments has the meaning ascribed to such term in Section 5.1 of the Lease Agreement.

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PILOT Payments means the payments in lieu of taxes provided for in Article III hereof.

PILOT Payments means the payments in lieu of property taxes to be made with respect to the Project under the Incentive Agreements, including, but not limited to, any annual fees payable to the County or any department, official, treasurer, assessor, clerk, appraiser, accountant or legal counsel thereof and any fees payable to the Bond Trustee under the Incentive Agreements.

Examples of PILOT Payments in a sentence

• This provision constitutes the formula for the calculation of the amounts of the PILOT Payments for each Taxing Entity as required by Section 859-a(6) of the General Municipal Law.

• Upon the occurrence and during the continuance of an Event of Default hereunder, the Obligor shall be required to make PILOT Payments as if the Project Facility were owned by the Obligor and the Agency was not otherwise involved in the Project, such amounts to commence to be paid for the period subsequent to the date it is determined by the Agency that there is an Event of Default hereunder.

• As provided in the PILOT Agreement, the Company agrees to make PILOT Payments (in addition to paying all special ad valorem levies, special assessments or special district taxes and service charges against real property in the jurisdiction where the Project Facility is located).

• PILOT Payments shall be allocated among the Taxing Authorities in proportion to the amount of real property tax and other taxes which would have been received by each Taxing Authority if the Facility was owned by the Company exclusive of the Agency’s leasehold interest.

• Upon the occurrence and during the continuance of an Event of Default hereunder, the Obligor shall be required to make PILOT Payments as if the Facility were owned by the Obligor and the Agency was not otherwise involved in the Project, such amounts to commence to be paid for the period subsequent to the date it is determined by the Agency that there is an Event of Default hereunder.

More Definitions of PILOT Payments

PILOT Payments means payments in lieu of ad valorem real property taxes made pursuant to a PILOT Agreement.

PILOT Payments means the payments in lieu of taxes provided for in Section 3.2 hereof and shown on Exhibit B hereto.

PILOT Payments. Any rents and other amounts required to be paid by the related Borrower(s) under the PILOT Lease.

PILOT Payments means the payment in lieu of taxes that the Borrower is required to make under certain circumstances pursuant to Section 4.07 of the Redevelopment Contract.

PILOT Payments shall have the meaning ascribed to it by the Stadium Lease.

PILOT Payments means all amounts that are required to be paid by or on behalf of Borrower, any Borrower Affiliated Tenant (including, without limitation, PUREgraphite Tenant), and/or their respective successors and/or assigns, as applicable, pursuant to any of the PILOT Documents, including, without limitation, any PILOT Clawback Liabilities.

PILOT Payments means the “Developer PILOT Payments” as specified in the Redevelopment Agreement.