Local Incentives Clause Samples

Local Incentives. As permitted by Virginia Code Section 2.2-115 and required by VEDP’s Commonwealth’s Development Opportunity Fund guidelines, and as an additional inducement to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, the County, through the ▇▇▇, will fund an incentive grant (the “▇▇▇ ▇▇▇▇▇”) in the total amount of One Million and 00/100 ($1,000,000.00). If, by the Performance Date, the ▇▇▇ ▇▇▇▇▇ proceeds paid or committed to be paid by the County total less than the One Million and 00/100 Dollars ($1,000,000.00) COF Grant local match requirement, the County through the ▇▇▇, subject to appropriation, will make an additional grant to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of the difference at the Performance Date, so long as ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ has met its Targets.