Mandatory Repayment – Exit or Closure. Pursuant to Indiana Code § 5–28–6–6(4), the Company must repay incentives received in the event of an exit from the State of Indiana or closure of the Project Location prior to the expiration of the Term of the Agreement.
Mandatory Repayment – Exit or Closure. Pursuant to Indiana Code § 5–28–6–6(4), the Company must repay previously claimed credits under this Project #418239 and Agreement, together with interest and penalties required or permitted by law, in the event of an exit from the State of Indiana or closure of the Project Location prior to the expiration of the Term of the Agreement. In the event of an exit from the State of Indiana or closure of the Project Location prior to December 31, 2020, in addition to repaying the previously claimed credits under Project #418239, the Company must repay previously claimed credits under Project #401647, together with interest and penalties required or permitted by law.
