Compliance Threshold and Repayment Amount. In the event the Company fails to i) meet the Performance Standards, or ii) maintain operations for the entirety of the Performance Period, or iii) locate in or operate the business forming a part of the Project funded with the Award, the Company shall repay directly to the Administering Agency all (in the case of the happening of the event identified in Section 4(iii) above) or a portion of the Award Amount in all other cases (in each case, the “Repayment Amount”). For purposes of events of default under Section 4(i) - (ii) above, the Repayment Amount shall be determined as follows:
Compliance Threshold and Repayment Amount. In the event the Company fails to i) meet the Performance Standards; ii) maintain operations for the entirety of the Performance Period; or
Compliance Threshold and Repayment Amount. In the event the Company fails to i) meet the Performance Standards within the Performance Period; ii) maintain operations for the entirety of the Performance Period; or iii) locate in Georgia or operate the business forming a part of the Project funded with the Award, the Company shall repay directly to the Administering Agency all (in the case of the occurrence of the event of default identified in Section 4 (ii) or (iii) above) or a portion (in the case of the occurrence of the event described in Section 4(i), and in accordance with Section 4(B)) of the Award Amount in all other cases (in 1 Net new full time job is defined as a new job that did not previously exist within the State of Georgia which has a minimum of 35 hours per week, with the opportunity for access to, but not necessarily paid or subsidized, medical benefits. each case, the “Repayment Amount”). For purposes of events of default under Section 4(i) above, the Repayment Amount shall be determined as follows:
