Common use of Community Recovery Payments Clause in Contracts

Community Recovery Payments. If an Annual Report shows that, for the immediately preceding Annual Report Year, there is a Project Shortfall Percentage greater than 20%, then, the Company, in such Annual Report, shall calculate the amount of the “ Community Recovery Payments,” and shall pay the same with respect to the incentives set forth in the Incentives Table, all pursuant to and as defined in the Community Incentives Schedule. For the avoidance of doubt, if the Project Shortfall Percentage is 20% or less, there shall be no Community Recovery Payment due.

Appears in 1 contract

Samples: wnegradio.com

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Community Recovery Payments. If an Annual Report shows that, for the immediately preceding Annual Report Year, there the Project Percentage is a Project Shortfall Percentage greater less than 2080%, then, then the Company, in such Annual Report, shall calculate the amount of the Community Recovery Payments,” and shall pay the same with respect to the incentives set forth in the Incentives Tablesame, all pursuant to to, in accordance with and as defined in the Community Incentives Schedule. For the avoidance of doubt, if If the Project Shortfall Percentage is 20% equal to or lessgreater than 80%, there shall be no Community Recovery Payment due.

Appears in 1 contract

Samples: Memorandum of Understanding

Community Recovery Payments. If an Annual Report shows that, for the immediately preceding Annual Report Year, there is a Project Shortfall Percentage greater than 20%Percentage, then, the Company, in such Annual Report, shall calculate the amount of the Community Recovery Payments,” and shall pay the same with respect to the incentives set forth in the Incentives Tablesame, all pursuant to and as defined in the Community Incentives Schedule. For the avoidance of doubt, if If the Project Shortfall Percentage is 2010% or less, there shall be no Community Recovery Payment due.

Appears in 1 contract

Samples: Memorandum of Understanding

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Community Recovery Payments. If an Annual Report shows that, for the immediately preceding Annual Report Year, there is a Project Shortfall Percentage greater than 20%Percentage, then, the Company, in such Annual Report, shall calculate the amount of the Community Recovery Payments,” and shall pay the same with respect to the incentives set forth in the Incentives Tablesame, all pursuant to and as defined in the Community Incentives Schedule. For the avoidance of doubt, if If the Project Shortfall Percentage is 20% or less, there shall be no Community Recovery Payment due.

Appears in 1 contract

Samples: Memorandum of Understanding

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