Common use of Failure to Reach Investment Requirement Clause in Contracts

Failure to Reach Investment Requirement. If the Company fails to meet the Investment Requirement, then this Agreement shall terminate, and the Company shall repay the benefits received for any of the previous years constituting the Investment Period as if the Investment Requirement was not met.

Appears in 2 contracts

Samples: Fee in Lieu of Tax Agreement, Fee in Lieu of Tax Agreement

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Failure to Reach Investment Requirement. If the Company fails to meet the Investment Requirement, then this the Agreement shall terminate, terminate and the Company shall repay the benefits received for any of the previous years constituting the Investment Period as if the Investment Requirement statutory minimum investment requirement under the Act was not met.

Appears in 2 contracts

Samples: Fee in Lieu of Tax Agreement, Fee in Lieu of Tax Agreement

Failure to Reach Investment Requirement. If the Company fails Companies fail to meet achieve the Investment RequirementRequirement by the end of the Investment Period, then this Agreement shall terminate, and the Company Companies shall repay the benefits received for any of the previous years constituting the Investment Period as if the Act Minimum Investment Requirement was not met.

Appears in 1 contract

Samples: Fee in Lieu of Tax Agreement

Failure to Reach Investment Requirement. If the Company fails to meet the Investment Requirement, then this the Agreement shall terminate, terminate and the Company shall repay the benefits received for any of the previous years constituting the Investment Period as if the Act Minimum Investment Requirement was not met.

Appears in 1 contract

Samples: Fee in Lieu of Tax Agreement

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Failure to Reach Investment Requirement. If the Company fails to meet satisfy, or cause the satisfaction of, the Investment RequirementRequirement by the end of the Investment Period, then this Agreement shall terminate, terminate and the Company shall repay repay, or cause to be repaid, the benefits received pursuant to this Agreement for any of the previous years constituting the Investment Period as if the Investment Requirement minimum investment requirement set forth in the Act was not met.

Appears in 1 contract

Samples: Fee in Lieu of Tax Agreement

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