Claw-Back Provision definition
Claw-Back Provision means any provision in the Asset Conditions that allows the Asset Issuer, in certain circumstances, to require the repayment of any part of any Asset Payment by or on behalf of the holder for the time being of such Assets (regardless of whether such holder actually received such payment).
Claw-Back Provision means a requirement that an employer repay incentives received if the employer is found in violation of workplace safety regulations and such violation resulted in a workplace fatality;
Claw-Back Provision means a provision sometimes included in an economic development agreement whereby the local governmental entity may require the developer to pay back part or all of an incentive if the developer fails to satisfy specified commitments (such as a
Examples of Claw-Back Provision in a sentence
Claw-Back Provision 17 Article III REPRESENTATIONS AND WARRANTIES OF THE TENDER AND PAYING AGENT 18 Section 3.01.
Claw-Back Provision 18 Article III REPRESENTATIONS AND WARRANTIES OF THE TENDER AND PAYING AGENT 18 Section 3.01.
More Definitions of Claw-Back Provision
Claw-Back Provision means a provision sometimes included in an economic development agreement whereby the local governmental entity may require the developer to pay back part or all of an incentive if the developer fails to satisfy specified commitments (such as a commitment to create a minimum number of jobs) made in the economic development agreement.