Community Investment. Seller shall perform the obligations related to community investment set forth in Exhibit S. 50
Community Investment. The Purchaser acknowledges that the Vendor has a history of providing financial support in the form of donations, sponsorships and bursaries to community organizations. For a period of at least five years following the Effective Date, the Purchaser shall provide a minimum of $1,000 in funding per year to support community organizations which were either supported by the Vendor prior to the Effective Date or are similar to the ones supported by the Vendor prior to the Effective Date. The Purchaser will assess the impact and benefit of these initiatives at the end of the five year period and may continue supporting such organizations where it is determined that value exists.
Community Investment. Horizon agrees that for a period of five (5) years following the Effective Time, it shall cause Horizon Bank to donate $50,000 annually to nonprofit organizations and/or community schools in the markets served by Wolverine Bank. The continuation of these annual donations will be dependent upon Horizon’s continued financial performance, and their permissibility under applicable law, including all banking regulations. These donations shall be administered by Horizon’s Great Lakes Bay Region Advisory Board, subject to oversight by the Horizon Bank Board of Directors and/or Horizon’s Chief Executive Officer.
Community Investment. Horizon agrees that, for a period of five (5) years following the Effective Time, it shall cause Horizon Bank to donate $50,000 annually to nonprofit organizations and/or community schools in the markets served by LPSB. The continuation of these annual donations will be dependent upon Horizon’s continued financial performance, and their permissibility under applicable law, including all banking regulations. These donations shall be administered by Horizon’s La Porte County’s Advisory Board, subject to oversight by the Horizon Bank Board of Directors and/or Horizon’s CEO.
Community Investment. The Community Investment shall consist of the items and/or parameters set forth in Exhibit B attached hereto as updated and amended from time to time. The Company shall commence construction of the Community Investments not later than thirty (30) days following the closing of the Bonds (as described herein), and shall use its best efforts to complete construction and equipping of the Community Investments no later than 15 months following commencement, subject to permitted delays provided for in Section 3.04 hereof.
Community Investment an annual community investment to be made by the Bills and the Developer approximating a value of at least Three Million U.S. Dollars ($3,000,000.00).
Community Investment. Be a force for good, contributing to educational equity and making a lasting impact on the Black & Brown community.
Community Investment. During the three-year period following the Effective Time, Buyer shall make an aggregate of $250,000 in charitable contributions to non-profit organizations, selected by Buyer in its sole discretion, located in Company Bank’s market area.
Community Investment. Grants for Part C.3 1,710,000 100% of the Project
Community Investment. Horizon agrees that, for each of the calendar years of 2019 through 2023, Horizon shall cause Horizon Bank to donate $50,000 annually either to Salin Foundation, Inc., for purposes of its Salin Foundation Community Scholarship Program, or to another non-profit organization at Salin Foundation, Inc.’s direction. The continuation of these annual donations will not be required if the board of directors of Horizon Bank determines in good faith that such payments would constitute an unsafe and unsound banking practice or would materially and adversely impact the financial condition of Horizon Bank, and will be dependent upon the permissibility of such payments under applicable law, including all banking regulations.
