Common use of Payee Clause in Contracts

Payee. As long as the Facility is owned by the Agency or leased by the Company to the Agency, or under the Agency's jurisdiction, control or supervision, the Company agrees to pay annually to the Agency as a payment in lieu of taxes, on or before September 30 of each year beginning September 30, 2025 and thereafter September 30 of each year (collectively, the “Payment Date”) for School, County and Town Taxes, respectively, an amount equal to the Total PILOT payment, which is the product of the following: The then current tax rate for such Affected Tax Jurisdiction (after application of any applicable equalization rate) multiplied by the Total Taxable Valuation (as defined in Schedule A) The parties agree and acknowledge that payments made hereunder are to obtain revenues for public purposes, and to provide a revenue source that the Affected Tax Jurisdictions would otherwise lose because the subject parcels are not on the tax rolls.

Payee. As long as the Facility is owned by the Agency or leased by the Company to the Agency, or under the Agency's jurisdiction, control or supervision, the Company agrees to pay annually to the Agency as a payment in lieu of taxes, on or before September 30 of each year beginning September 30, 2025 2023 and thereafter on or before September 30 1 of each year (collectively, the “Payment Date”) for School, County and Town Taxes, respectively, an amount equal to the Total PILOT payment, which is the product of the following: The then current tax rate for such Affected Tax Jurisdiction (after application of any applicable equalization rate) multiplied by the Total Taxable Valuation (as defined in Schedule A) The parties agree and acknowledge that payments made hereunder are to obtain revenues for public purposes, and to provide a revenue source that the Affected Tax Jurisdictions would otherwise lose because the subject parcels are not on the tax rolls.

Payee. As long as the Facility is owned by the Agency or leased by the Company to the Agency, or under the Agency's jurisdiction, control or supervision, the Company agrees to pay annually to the Agency as a payment in lieu of taxes, on or before September 30 of each year beginning September 30, 2025 and thereafter September 30 of each year (collectively, the “Payment Date”) for School, County County, Village and Town Taxes, respectively, an amount equal to the Total PILOT payment, which is the product of the following: The then current tax rate for such Affected Tax Jurisdiction (after application of any applicable equalization rate) multiplied by the Total Taxable Valuation (as defined in Schedule A) The parties agree and acknowledge that payments made hereunder are to obtain revenues for public purposes, and to provide a revenue source that the Affected Tax Jurisdictions would otherwise lose because the subject parcels are not on the tax rolls.

Payee. As long as the Facility is owned by the Agency or leased by the Company to the Agency, or under the Agency's jurisdiction, control or supervision, the Company agrees to pay annually to the Agency as a payment in lieu of taxes, on or before September 30 October 1 of each year beginning September 30October 1, 2025 2023 and thereafter September 30 October 1 of each year (collectively, the “Payment Date”) for School, County and Town Taxes, respectively, an amount equal to the Total PILOT payment, which is the product of the following: The then current tax rate for such Affected Tax Jurisdiction (after application of any applicable equalization rate) multiplied by the Total Taxable Valuation (as defined in Schedule A) The parties agree and acknowledge that payments made hereunder are to obtain revenues for public purposes, and to provide a revenue source that the Affected Tax Jurisdictions would otherwise lose because the subject parcels are not on the tax rolls.

Payee. As long as the Facility is owned by the Agency or leased by the Company to the Agency, or under the Agency's jurisdiction, control or supervision, the Company agrees to pay annually to the Agency as a payment in lieu of taxes, on or before September 30 October 1 of each year beginning September 30October 1, 2025 2023 (for County, Town and thereafter September 30 of each year School Taxes) (collectively, the “Payment Date”) for School, County and Town Taxes, respectively, an amount equal to the Total PILOT payment, which is the product of the following: The then current tax rate for such Affected Tax Jurisdiction (after application of any applicable equalization rate) multiplied by the Total Taxable Valuation (as defined in Schedule A) The parties agree and acknowledge that payments made hereunder are to obtain revenues for public purposes, and to provide a revenue source that the Affected Tax Jurisdictions would otherwise lose because the subject parcels are not on the tax rolls.