Common use of Taxable Investment Clause in Contracts

Taxable Investment. The COMPANY agrees to make a privately funded net new taxable investment in building construction, additions and the purchase of machinery and equipment and taxable improvements as part of the Project, which will amount to a net new taxable investment of at least $213,000,000.00 (two hundred thirteen million dollars) over the seven-year life of the Incentive Project. The COMPANY will make taxable investments each year of the life of the project according to Exhibit A. If the COMPANY makes such taxable investment and meets the required number of New Jobs, the COUNTY may pay an incentive amount up to the amount shown on Exhibit A. When the COUNTY calculates its incentive each year, the COMPANY agrees that the incentive will be reduced if such cumulative taxable investment is not made in accordance with Exhibit A or the cumulative number of New Jobs is not met and maintained as shown in Exhibit B in each calendar year.

Taxable Investment. The COMPANY agrees to make a privately funded net new taxable investment in building constructionrenovations, additions and the purchase of machinery and machinery, equipment and taxable improvements as part of the Project, which will amount to a net new taxable investment of at least one hundred and twenty-six million dollars ($213,000,000.00 (two hundred thirteen million dollars) 126,000,000.00), over the seven-year life of the Incentive Project. The COMPANY will make taxable investments each year of the life of the project according to Exhibit A. If the COMPANY makes such taxable investment and meets the required number of New Jobs, the COUNTY may pay an incentive amount up to the amount shown on Exhibit A. When the COUNTY calculates its incentive each year, the COMPANY agrees that the incentive will be reduced if such cumulative taxable investment is not made in accordance with Exhibit A or the cumulative number of New Jobs is not met and maintained as shown in Exhibit B in each calendar year.

Taxable Investment. The COMPANY agrees to make a privately funded net new taxable investment in building constructionrenovations, additions and the purchase of machinery and machinery, equipment and taxable improvements as part of the Project, which will amount to a net new taxable investment of at least $213,000,000.00 109,400,000.00 (two one hundred thirteen and nine million and four hundred dollars) ), over the seven-year life of the Incentive Project. The COMPANY will make taxable investments each year of the life of the project according to Exhibit A. If the COMPANY makes such taxable investment and meets the required number of New Jobs, the COUNTY may pay an incentive amount up to the amount shown on Exhibit A. When the COUNTY calculates its incentive each year, the COMPANY agrees that the incentive will be reduced if such cumulative taxable investment is not made in accordance with Exhibit A or the cumulative number of New Jobs is not met and maintained as shown in Exhibit B in each calendar year.