Common use of Acquisition by Construction and Purchase of Project Clause in Contracts

Acquisition by Construction and Purchase of Project. (a) The Company hereby agrees to expend upon the Cost of the Project the sum of not less than Three Million, Eight Hundred Thousand and No/100ths Dollars ($3,800,000.00) of otherwise taxable investment prior to the Threshold Date. The Company shall use its best efforts to cause such acquisition as promptly as is, in the Company’s sole judgment, practicable.

Acquisition by Construction and Purchase of Project. (a) The Company hereby agrees to expend upon the Cost of the Project the sum of not less than Three Thirty-Eight Million, Eight Five Hundred Thousand and No/100ths Dollars ($3,800,000.0038,500,000.00) of otherwise taxable investment (excluding the cost of acquiring the Existing Property) and to create at least 80 new, full-time equivalent jobs prior to the Threshold Date. The Company shall use its best efforts to cause such acquisition as promptly as is, in the Company’s sole judgment, practicable.

Acquisition by Construction and Purchase of Project. (a) The Company hereby agrees to expend upon the Cost of the Project the sum of not less than Three Million, Eight One Hundred Thousand and No/100ths Million Dollars ($3,800,000.00100,000,000) of otherwise taxable investment (excluding the cost of acquiring the Existing Property) prior to the Threshold Date. The Company shall use its best efforts to cause such acquisition as promptly as is, in the Company’s sole judgment, practicable.