Act Minimum Investment Requirement definition

Act Minimum Investment Requirement means an investment of at least $2,500,000 in the Project within five years of the Commencement Date.

Act Minimum Investment Requirement means an investment of at least $2,500,000 by the Company and any Sponsors and Sponsor Affiliates of property within the Investment Period, provided, however, that in the event of a reduction of the minimum investment level in Section 12-44-30(14) or any successor section by legislative action, then the Act Minimum Investment Requirement shall equal such reduced amount.

Act Minimum Investment Requirement means an investment of at least $2,500,000 by the Company and, only to the extent allowed by law, any Sponsors and Sponsor Affiliates of property eligible as economic development property under the Act, provided, however, that in the event of a reduction of the minimum investment level in Section 12-44-30(14) or any successor section by legislative action, then the Act Minimum Investment Requirement shall equal such reduced amount.

Examples of Act Minimum Investment Requirement in a sentence

• Based upon representations by the Company, the Project constitutes a “project” within the meaning of the Act, and the County is a County that the Act authorizes to enter into fee in lieu of tax agreements with companies that satisfy the Act Minimum Investment Requirement within the County.

• However, if the Company does not meet the Act Minimum Investment Requirement, the Clawback Minimum Investment Requirement, or the FILOT Minimum Investment Requirement, the provisions of Section 4.2 hereof shall apply.

• The Company intends to invest in Equipment, Improvements, and/or Real Property, which together comprise the Project and which are anticipated to create at least the Act Minimum Investment Requirement in eligible Economic Development Property investment subject to Payments in Lieu of Taxes in the County.

• In no event shall the Company be liable to the County or otherwise for monetary damages resulting from the Company’s failure to meet the Act Minimum Investment Requirement, other than as expressly set forth herein.

• In the event that the cost of the Economic Development Property (without regard to depreciation) that the Company acquires does not reach the Act Minimum Investment Requirement by the end of the Investment Period, this Fee Agreement shall terminate as to such entity failing to meet the minimum investment level.

• However, if the Company, together with any Sponsor Affiliates, does not meet either the Contract Minimum Investment Requirement or the FILOT Act Minimum Investment Requirement within the Investment Period, the provisions of Section 4.03 hereof shall control.

• The child, who is likely growing and developing, must submit to a photograph whenever “there is a significant change in appearance.” R.R. 184, Registration Requirements ¶26 (9799.15(c)(4)).

• However, if the Company does not meet the Act Minimum Investment Requirement, this Fee Agreement shall be terminated as provided in Section 4.2 hereof.

• In the event the Company, together with any Sponsor Affiliates, fails to meet the FILOT Act Minimum Investment Requirement by the end of the Standard Investment Period, this Fee Agreement shall terminate.

• If the Sponsor fails to meet the Act Minimum Investment Requirement, then the Fee Agreement shall terminate, and the Sponsor shall owe the County the Retroactive Tax Payment.

More Definitions of Act Minimum Investment Requirement

Act Minimum Investment Requirement means an investment of at least $2,500,000 by the Company of property eligible as economic development property under the Act, provided, however, that in the event of a reduction of the minimum investment level in Section 12-44- 30(14) or any successor section by legislative action, then the Act Minimum Investment Requirement shall equal such reduced amount.

Act Minimum Investment Requirement means an investment of at least $2,500,000 in the Project on or before the date that is five years from the Commencement Date, as set forth in Section 12- 44-30(14) of the Act, which investment amount shall be calculated in accordance with, and subject to, Section 12-44-130 of the Act.

Act Minimum Investment Requirement means a collective investment of at least

Act Minimum Investment Requirement means an investment of at least $2,500,000 by the Sponsors of eligible economic development property under the Act.

Act Minimum Investment Requirement means an investment of at least $2,500,000 in the Project by the Sponsor or a Sponsor Affiliate within five years of the Commencement Date, or a combined total investment of at least $5,000,000 in the Project by the Sponsor and one or more Sponsor Affiliates, regardless of the amount invested by each such party, within five years of the Commencement Date.

Act Minimum Investment Requirement means an investment of at least $400,000,000 in the Project within eight years of the Commencement Date pursuant to Sections 12-44-30(7) and 12-44-30(13) of the Act.