Creation of Jobs. Lender and the Secretary have relied upon representations made by Borrower that the Project is expected to create a specific number of permanent new job opportunities, including a specific number of new permanent job opportunities for Low and Moderate-Income Persons. By its execution of the Loan Documents to which Borrower is a party, Borrower acknowledges its representation pertaining to the creation of jobs and agrees to use its best efforts to create approximately 119 new permanent jobs. Borrower agrees to use its best efforts to ensure that at least 51 percent of all new permanent jobs resulting from the Project are made available to Low and Moderate- income Persons.
Creation of Jobs. Lender has relied upon representations made by Borrower that the Project is expected to create a specific number of permanent new job opportunities, including a specific number of new permanent job opportunities for Low and Moderate-Income Persons. By its execution of the Loan Documents, Borrower acknowledges its previous representation, as stated in the Loan Agreement dated September 8, 1997 by and between the City of Oklahoma City and Tower Tech (Prior Agreement), pertaining to the creation of jobs and obligation to create approximately 200 new permanent jobs. Borrower agrees to use its best efforts to ensure that at least 51 percent of all new permanent jobs resulting from the Project are made available to Low and Moderate income Persons.
Creation of Jobs. Between the Effective Date and one year after the date the certificate of occupancy is issued for the Kroger Marketplace, DEVELOPER will cause the creation and/or retention of at least 135 FTE jobs at the Kroger Marketplace, which shall be maintained for the term of this Agreement. In the event of a voluntary or involuntary termination or elimination of a job after the date of the issuance of the certificate of occupancy for the project that causes the number of FTE’s to fall below 135, DEVELOPER shall continue to receive the incentives set out in Section 5.01 below, provided the required number of FTE’s is re-established within one hundred twenty (120) days after the date of the termination or elimination that caused the FTE’s to fall below 135. For purposes of this Agreement, the creation of jobs may be completed at the Project by outside parties other than the Developer.
Creation of Jobs. Hotel Operator agrees that (i) sixty percent (60%) of the managerial jobs created by the use of Hotel Improvements and Conference Center Improvements shall pay wages equal or in excess of the City’s average median income, which is Forty-Nine Thousand Twelve Dollars ($49,012) as of the Effective Date and (ii) that all hourly jobs created by the use of Hotel Improvements and Conference Center Improvements shall pay wages equal or in excess of the average wages for such position as provided by Wage Watch for the hotel industry in the Tempe/Phoenix area. Hotel Operator further agrees that it shall create no less than Three Hundred (300) jobs in the construction and/or hospitality industries within three (3) years of the date of execution of this Agreement. Hotel Operator shall provide City with an annual report beginning on the first anniversary of the date of this Agreement setting forth all jobs created pursuant to this Section 5.9 with a running total of all jobs created pursuant to this section since the date of this Agreement.
Creation of Jobs. In order to receive the job creation and retention incentives provided under this Agreement, AT&T commits to develop and operate the AT&T Project Management Hub at its Oklahoma City Location and to create up to 140 new full-time jobs in Oklahoma City, paying an average Annual Salary of $43,750, exclusive of health insurance and other employee related benefits. AT&T agrees to retain those jobs and salaries for a period of 12 consecutive months (or 4 consecutive calendar quarters) as verified by records submitted to or reviewed by the Project Manager in accordance with this agreement. The verification documents may include, but are not limited to reports submitted to the State of Oklahoma Quality Jobs Program and to the Oklahoma Employment Security Commission. The job creation and retention incentive to be paid under this Agreement is set forth in Section 4.1 below. For purposes of the Full-Time Position creation date, the parties agree to utilize June 1, 2013 as the start date.
