Reimbursement for Qualified Expenditures. BCDC covenants and agrees to submit reimbursement for Qualified Expenditures made by the Developer pursuant to Section 4(a) of this Agreement in the amount of Twenty Thousand and No/100 Dollars ($20,000.00) within thirty (30) days of receipt of said documentation required by Section 4(a) of this Agreement.
Reimbursement for Qualified Expenditures. Failure of Developer to submit to the EDC invoices, receipts, or other documentation acceptable to the EDC consistent with Section 4(a) of this Agreement is an Event of Default.
Reimbursement for Qualified Expenditures. Xxxxxxx-Xxxx shall be entitled to reimbursement from The Colony CDC in the amount not to exceed Three Hundred Thousand and No/100 Dollars ($300,000.00) for Qualified Expenditures made to the Property. Xxxxxxx-Xxxx covenants and agrees to submit to The Colony CDC invoices, receipts, or other documentation of the Qualified Expenditures in a form acceptable to The Colony CDC prior to any reimbursement in a maximum reimbursable amount of Three Hundred Thousand and No/100 Dollars ($300,000.00). Xxxxxxx-Xxxx covenants and agrees to provide to The Colony CDC said invoices, receipts, or other documentation by January 31, 2018.
Reimbursement for Qualified Expenditures. Upon execution and Effective Date of this Agreement, Developer shall be entitled to reimbursement from the EDC for Qualified Expenditures made to the Property in the amount not to exceed the lesser of Twenty- Five Thousand and No/100 Dollars ($25,000.00) or fifty percent (50%) of the aggregate amount of invoices, receipts, or other documentation submitted by the Developer to EDC. In no event shall the reimbursement provided by EDC to Developer exceed Twenty- Five Thousand and No/100 Dollars ($25,000.00). Developer shall submit to the EDC invoices, receipts, or other documentation acceptable to the EDC prior to any reimbursement. Developer covenants and agrees to provide to the EDC said invoices, receipts, or other documentation acceptable to the EDC within six (6) months of the Effective Date of this Agreement.
Reimbursement for Qualified Expenditures. EDC covenants and agrees to submit reimbursement for Qualified Expenditures made by the Developer to the Property pursuant to Section 4(a) of this Agreement, in an amount not to exceed the lesser of Twenty- Five Thousand and No/100 Dollars ($25,000.00) or fifty percent (50%) of the aggregate amount of said invoices, receipts, or other documentation submitted by the Developer to EDC within one hundred eighty (180) days of receipt of said documentation.
