Acquisition of Project. (a) The Company hereby agrees to construct and acquire the Project, and to use commercially reasonable efforts to invest, together with any Sponsor Affiliates, an aggregate of not less than $8,700,000 in the Project during the Project Period.
Acquisition of Project. (a) The Company hereby agrees to acquire the Project by acquiring, constructing, leasing and/or purchasing the same during the Project Period and to use its reasonable efforts to invest the Minimum Investment in the Project during such period. The Project will constitute a “project” and “economic development property” as defined in the Act.
Acquisition of Project. (a) The Company hereby agrees to construct and acquire the Project, and to use commercially reasonable efforts to invest, together with any Sponsor Affiliates, the Minimum Investment, all during the Project Period.
Acquisition of Project. 7 Section 3.01 Acquisition of Project 7 Section 3.02 Records and Reports, Xxx-Xxxxxxxxxx 0
Acquisition of Project. Section 2.01. Acquiring of Project 4 Section 2.02. Itemization of Project Costs 5 Section 2.03. Certificate of Completion Date 5 ARTICLE III
Acquisition of Project. Borrower shall acquire the Project and shall bear the risk with respect to any loss or claim relating to any portion of the Project and shall be liable in respect of its duties and obligations in accordance with any contract entered into in connection with the Project, and neither Lender nor Issuer shall assume any such liability or risk of loss.
Acquisition of Project. 14 Section 3.3. LIABILITY. . . . . . . . . . . . . . . . . . . . . . . . 14 Section 3.4.
Acquisition of Project. The Corporation will be responsible for the acquisition, construction and completion of the Project.
Acquisition of Project. (a) Lessee either has obtained or shall obtain the Project pursuant to one or more Purchase Agreements from one or more Vendors. Lessee shall remain liable to the Vendor or Vendors in respect of its duties and obligations in accordance with each Purchase Agreement and shall bear the risk of loss with respect to any loss or claim relating to any portion of the Project covered by any Purchase Agreement, and neither Bondholder nor Lessor shall assume any such liability or risk of loss. Lessee covenants and agrees to pay or cause to be paid such amounts as may be necessary to complete the acquisition, installation, construction and improvement of the Project and to ensure that the Project is operational to the extent that the Lease Proceeds are insufficient to cause such acquisition, installation, construction and improvement.
Acquisition of Project. (a) The Company hereby agrees to construct and acquire the Project, and to use commercially reasonable efforts to invest, in the aggregate and together with any Sponsor Affiliates, at least $25,000,000 of new investment in the County in the Project; provided, that a failure to meet such investment shall not result in an Event of Default hereunder, but shall have the consequences set forth below in Section 5.02 (d). In addition, the Company intends to create (but is not required to), in the aggregate and together with any Sponsor Affiliates, 119 new, full-time jobs.
