Termination - Commitment Violation. If CIORE is in breach of its Investment Commitment, including beginning construction of the Fishers Development by or before December 31, 2017, then the City may provide CIORE with written notice thereof. If, within twenty (20) business days after receipt of the notice, CIORE fails to commence performance to the reasonable satisfaction of the City, then the City may terminate the waiver of the City’s Fees upon written notice delivered to the CIORE of same unless and until such time as the CIORE comes into compliance with the Investment Commitment (“Commitment Violation”).
Appears in 2 contracts
Sources: Economic Development Agreement, Economic Development Agreement