State Grant. The Project is also proposed to be funded by way of the State Grant in the manner set out in Schedule 18. State Capital Grant
State Grant. Bristol shall be responsible for preparing and submitting all applications and information required by the State for the issuance of the State Grant. Bristol shall comply with all conditions and requirements imposed by the State in connection with such State Grant. The proceeds of the State Grant shall be deposited into a segregated, interest-bearing account maintained in accordance with the requirements of the State, which account shall only be used to pay costs of the Project (the “State Grant Account”), provided, however, that Bristol shall request that the State agree that the State Grant Account be controlled and administered, in trust, by [ ] (the “Trustee”). The State Grant funds shall not be commingled with any other funds of Bristol or the Metropolitan Government.
State Grant. Grantor hereby grants to Grantee, funds in an amount equal to the lesser of the maximum grant amount set forth above and the actual total costs of the Project as outlined in Exhibit 1 (the “Grant Funds”).
State Grant. Parties anticipate that Consortium will be initially funded through grant appropriation of $250,000.00 from the State of Oregon (the “Grant”). If the Grant is received, the Parties anticipate applying the Grant toward Consortium’s administrative, planning, and organization costs and expenses, Capital Equipment, and/or one or more Projects.
State Grant. The parties hereto acknowledge that the State of Georgia (the “State”) has agreed to provide a grant to the Development Authority in the amount of $250,000 to be applied against the costs of site and infrastructure improvements to be incurred by the Company in connection with the construction of the Project (the “State Grant”). The Development Authority agrees to promptly take any and all actions required in order to obtain the State Grant, including, without limitation, preparing and filing an application for the State Grant and all other documents as may be requested by the Department of Economic Development and the Department of Community Affairs in order to be able to obtain and provide to the Company the amount of the State Grant with a target date of December 31, 2016.
State Grant. R3 Consortium will be initially funded through an appropriation from the State of Oregon (the “State Grant”). Parties will each receive an initial capacity building grant of $250,000 from the State Grant for administrative costs related to the planning, organization, and implementation of the Consortium or any related Projects or capital equipment (the “Capital Equipment”).
State Grant. Grantor hereby grants to Grantee funds in the aggregate amount up to Six Hundred Million and No/100 Dollars ($600,000,000.00) (the “Grant Funds”) to be used for the sole and express purpose of undertaking and completing the Project. The Grant Funds shall be made available from Grantor to Grantee in an amount of Three Hundred Million and No/100 Dollars ($300,000,000.00) per Fab not later than two years following the commencement of construction of each Fab. Grantee shall undertake and complete the Project substantially as described in Exhibit A and on the Project Site, and shall perform the obligations associated with the Project as described in Exhibit A. Grantee may not use the Grant Funds for any purpose other than completion of the Project.
