Incentive Payments definition
Examples of Incentive Payments in a sentence
Erie shall provide Lafayette updated statements of Erie Incentive Payments agreed to or incurred by Erie and TOEURA at least every June 1 and January 1 thereafter as long as this Agreement is in effect.
Incentive Payments will begin the year following the year in which the Developer completes and receives a Certificate of Occupancy for the Project.
Within 30 days after the Effective Date, Erie and TOEURA shall provide to Lafayette a statement of Erie Incentive Payments agreed to by Erie and TOEURA prior to the Effective Date, and a statement of Erie Incentive Expenses incurred by Erie and TOEURA prior to the Effective Date, along with complete copies of all agreements underlying such incentives.
The Developer shall forfeit all rights to the Incentive Payments set forth in Section 3 of this Agreement if the Developer fails to meet the Performance Criteria set forth in Section 4(a) and (b) and Article II.
The Performance Incentive Payment will be subject to any restrictions or limitations set forth in the Code Section, but so long as the requirements of the Code Section and the terms of this Agreement are met the Performance Incentive Payments shall continue to be made by the Partnership.