DESCRIPTION OF PROJECT For the Company to be eligible to earn the Maximum Credit Amount, the Company will satisfy its obligations as reflected in the following representations, which the IEDC has relied upon: A. The Company will complete the Project at the Project Location. B. The Company represents that the number of permanent, Full-Time Employees (as defined in Indiana Code § 6–3.1–13–4) from whom Indiana state income tax withholdings are retained by the State of Indiana, employed as of the Commencement Date at the Project Location, is the Base Employment Number. C. The Project will result in the creation of New Employees (as defined in Indiana Code § 6- 3.1-13-6) at the Project Location of at least the Additional Jobs Commitment. D. The average of the hourly wages, before benefits, paid to New Employees at the Project Location, will at least equal the Average Wage Commitment. E. At the discretion of the IEDC, New Employees that are paid an average wage of less than the Minimum Wage Commitment may be excluded for the purpose of calculating the credit amount. F. The Project is anticipated to involve at least the Capital Investment Amount.
Completion of Project This Grant Agreement shall terminate upon completion of the project and payment of the last invoice.
Maintenance of Properties (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities.
Maintenance of Properties, Etc Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted.
PARTICULARS OF PROPERTY Strata Title of the property has been issued by the relevant authority. 97, Storey No. 3A Encumbrance : Assigned to Standard Chartered Bank Malaysia Berhad The subject property is located within Jalan Tun Razak, Kuala Lumpur. The property is a service apartment and bearing postal address is Unit No. X-00-00, Xxxxxxxxxx Xxxx, Xx. 000, Xxxxx Xxx Xxxxx, 00000 Xxxxx Xxxxxx. The property will be sold on an “as is where is” basis and subject to a reserve price of RM1,170,000.00 (RINGGIT MALAYSIA ONE MILLION ONE HUNDRED SEVENTY THOUSAND ONLY), and the Conditions of Sale by way of an Assignment/Transfer from the above Assignee/Bank or Developer and subject to the consent being obtained by the Purchaser from the relevant authorities, if any, including all term, conditions, stipulations and covenants which were and may be imposed by the relevant authorities. The Assignee/Bank will bear the outstanding charges of the property (including developer/proprietor/management office’s service/maintenance charges, sinking fund, quit rent and assessment, late penalty charges) up to the date of auction sale only but subject to a maximum amount of 50% of the Reserve Price of the subject property. The successful bidder (“the Purchaser”) shall have firstly settled all sums outstanding due and owing to the relevant authorities or the developer/proprietor/management’s office in respect of the said Property and forward a copy of the receipt of payment together with outstanding bill/statement of account to the Assignee/Bank or the Assignee/Bank’s solicitors within sixty (60) days from the date of the sale, unless there has been prior agreement by the Assignee/Bank otherwise. The successful bidder (“the Purchaser”) shall be liable to pay any arrears of taxes, utilities charges (telephone bills, electricity bills, water bills (for landed property) and sewerage charges) which may be due in respect of the said property together with the payment of administrative cost and legal fees in respect of the Assignment/Transfer and/or the consent from the Developer of the said property. All intending bidders are required to deposit 10% of the fixed reserve price BY BANK DRAFT before commencement of Auction made in favour of STANDARD CHARTERED BANK MALAYSIA BERHAD for (LIOW XXXXX XXXX) and pay the difference between the initial deposit and the sum equivalent to 10% of the successful bid price either in cash or bank draft or cashier’s order to the Assignee/Bank. The balance of the purchase price is to be settled within Ninety (90) days from the date of the sale via XXXXXX/BY BANK DRAFT made payable to STANDARD CHARTERED BANK MALAYSIA BERHAD for (LIOW XXXXX XXXX) to MESSRS SEOW & MEGAT Solicitors for the Assignee/Bank. Alternatively intending bidders who are interested to bid online are required to deposit 10% of the fixed reserve price by BANK DRAFT in the name of STANDARD CHARTERED BANK MALAYSIA BERHAD for (LIOW XXXXX XXXX) via Pos Laju services (Pos Malaysia) or by hand to the Auctioneer at least one (1) working day before the auction date. The said intending bidders must register at xxx.xxxxxxxxxxxxxxx.xxx and are further subjected to the Online Terms and Conditions. For further particulars, please apply to MESSRS SEOW & MEGAT Solicitors for the Assignee/Bank at Xxxxx 00.00, Xxxxx 00, Xxxxxx XXX, 163, Jalan Ampang, 50450 Kuala Lumpur, Tel: 00-0000 0000 Fax: 00-0000 0000 (Ref: L.SCB.08090.19) or the under mentioned Auctioneer:- Xxxxx 0000, 00xx Xxxxx, Xxxxxx Xxxxx XXXXXXX XXXXX XXXXX XXXXXX Xxxxxx Xxxxx Xxxxxx, Xx. 00, Xxxxx Xxxxxxxxx Xxxxx Licensed Auctioneers 46050 Petaling Jaya, Selangor Ref: LA23/375/SCB/Z.b.2 TEL NO.: 00-000 00 000 FAX NO.:00-000 00 000 EMAIL: xxxxxxxx@xxxxx.xxx WEBSITE: xxx.xxxxxxxxxxxxxxx.xxx Dalam menjalankan Kuasa xxx Xxx xxxx telah diberikan kepada Pihak Pemegang Serahhak/Pihak Bank di bawah Perjanjian Pinjaman Perumahan, Suratikatan Penyerahanhak xxx Surat Kuasa Wakil kesemuanya bertarikh 4hb Jun 2019, di antara Pihak Pemegang Serahhak/Pihak Bank xxx Pihak Penyerahhak/Pihak Peminjam berkenaan dengan Perjanjian Jual Beli di masukkan di antara Xxx Xxxx Land Development (JTR 2) Sdn Bhd (984662-K) (“Pihak Penjual”) xxx Pihak Penyerahhak/Pihak Peminjam yang bertarikh 16hb April 2019, adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak/Pihak Bank dengan dibantu oleh Pelelong yang tersebut di bawah akan menjual hartanah yang diterangkan di bawah secara:- XXX XXXXXX ELEKTRONIK XX XXXXX WEB XXX.XXXXXXXXXXXXXXX.XXX (UNTUK TAWARAN ATAS TALIAN) NOTA : Sebelum lelongan, semua penawar yang berminat adalah dinasihatkan seperti berikut:-