Penalties for Non Compliance with Skilled Laborer Participation Requirements Sample Clauses

Penalties for Non Compliance with Skilled Laborer Participation Requirements. For each Improvement (excluding the Tenant Improvements and Existing Improvement Renovations) to the extent Master Developer or Retail Developer, as appropriate, fails to comply with the applicable Skilled Labor Participation Requirement, with respect to such Improvement, Master Developer or Retail Developer, as appropriate, shall pay to the CRA as a one-time penalty for such noncompliance of (a) Five Thousand and No/100 Dollars ($5,000.00) for each one-half (1/2) of a percentage point below the Skilled Labor Participation Requirement for the first one and one-half percent (1.5%) below the Skilled Labor Requirement,
Sample 1
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Related to Penalties for Non Compliance with Skilled Laborer Participation Requirements

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