Default/Recapture/Clawback Provisions Sample Clauses

Default/Recapture/Clawback Provisions a. In the event (“ALAMO”) fails to perform its obligations as set forth in Article II and such failure remains uncured as provided in Section 4.1 below ("Default"), which is not the result of an Event of Force Majeure, defined below, (“ALAMO”) shall, as liquidated damages, refund to the ▇▇▇▇ County all of the Grant and all prior tax abatements amounts shall be repaid and due and owing to ▇▇▇▇ County, and shall remain as a priority lien in favor of ▇▇▇▇ County, Texas until such Grant/tax abatement amounts have been re-paid in full, together with pre- judgment and post judgment interest at the maximum rate allowed by law in the State of Texas.