SEDC definition
Examples of SEDC in a sentence
Failure by Business to timely comply with any performance requirement, duty, covenant or any misrepresentation shall be considered an act of Default and shall give the SEDC the right to terminate this Agreement and collect the Recapture Amount, as determined by the Board of Directors of the SEDC.
This Agreement may be amended by mutual written agreement of the Parties, as approved by the Board of Directors of the SEDC and paid for by the Business.
The SEDC acknowledges that Business is acting in reliance upon the SEDC’s performance of its obligations under this Agreement in making the decision to commit substantial resources to the establishment of the “Project” in the above recitals.
In the event a request is made for such information, SEDC will not disclose the information unless required to do so by the Attorney General of Texas or law.
The SEDC may demand and receive adequate assurance of performance including the deposit or provision of financial security by any proposed Assignee prior to its approval of an assignment.
The funds distributed hereunder shall be paid solely from lawfully available funds of the SEDC.
Business represents and warrants to the SEDC that it has the requisite authority to enter into this Agreement.
The SEDC represents and warrants to Business that this Agreement is within their authority, and that they are duly authorized and empowered to enter into this Agreement, unless otherwise ordered by a court of competent jurisdiction.
The SEDC agrees to the extent allowed by law to keep all tax information and documentation received, pursuant to this Agreement hereof, confidential.
Upon the Effective Date, the SEDC delegates the administration and oversight of this Agreement to the Executive Director of the SEDC, or its designee.