Contract Minimum Investment Requirement definition

Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $10,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $30,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

Contract Minimum Investment Requirement means a taxable investment in real and personal property at the Project of not less than $2,000,000,000.

Examples of Contract Minimum Investment Requirement in a sentence

• The Equipment shall be included in the determination of whether the Contract Minimum Investment Requirement has been achieved.

• However, once the Company has met the Contract Minimum Investment Requirement during the Investment Period, the Company is only obligated to maintain the FILOT Act Minimum Investment Requirement thereafter.

• FILOT Required Investment: $4,000,000 Investment Period: 5 years Ordinance No./Date: Assessment Ratio: 6% Term (years): 30 years Fixed Millage: 357.2 Net Present Value (if yes, discount rate): Clawback information: The company must meet the Contract Minimum Investment Requirement within the 5-year investment window; and maintain the statutory minimums thereafter.

• Clawback information: Contract Minimum Investment Requirement: any Special Source Credits cease to be payable and the Company shall be retroactively liable to the County for the amount of the Special Source Credits previously received by the Company, plus interest at the rate payable for late payment of taxes.

• MAYFEST retains complete control over the design of all materials produced to fulfill the Sponsorship.

More Definitions of Contract Minimum Investment Requirement

Contract Minimum Investment Requirement means a taxable investment in real and personal property at the Project of not less than $3,800,000.

Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $30.8 million (80% of $38.5 million)in property that would be subject (non-exempt) to ad valorem taxation in the absence of this Fee Agreement.

Contract Minimum Investment Requirement means an investment of at least

Contract Minimum Investment Requirement means, with respect to the Project, Investment by the Company and any Sponsor Affiliates of at least $24,600,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement), which all parties hereto agree has been met by the Company.

Contract Minimum Investment Requirement means a taxable investment in real and personal property at the Project of not less than $170,000,000.

Contract Minimum Investment Requirement means a taxable investment in real and personal property at the Project of not less than $323,000,000.00.

Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $21.6 million in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).