Common use of Public Purpose of Option to Purchase Clause in Contracts

Public Purpose of Option to Purchase. The Issuer and the Company acknowledge that the Option constitutes a material inducement to the Company to locate its operations in the County and thereby promote industry and create employment opportunities in the County, and that in granting such Option, the Issuer is considering the entire transaction as a whole, including the promotion and expansion for the public good and welfare industry, trade and commerce within the County and the reduction of unemployment.

Public Purpose of Option to Purchase. The Issuer and the Company acknowledge that the Option constitutes a material inducement to the Company to locate its operations in the County and thereby promote industry and create employment opportunities in the County, and that in granting such Option, the Issuer is considering the entire transaction as a whole, including the promotion and expansion for the public good and welfare of industry, trade and commerce within the County and the reduction of unemployment.

Public Purpose of Option to Purchase. The Issuer and the Company acknowledge that the Option option to purchase the Project granted in this Article constitutes a material inducement to the Company to locate its operations the Project in the County and thereby promote industry and create employment opportunities in the County, County and that in granting such Optionoptions, the Issuer is considering the entire transaction as a whole, including the promotion and expansion for the public good and welfare industry, industry and trade and commerce within the County and the reduction increase in jobs in the County, and the fact that as a condition to the exercise of unemploymentthe options, all indebtedness with respect to the Project will have been paid in full.

Public Purpose of Option to Purchase. The Issuer Authority and the Company acknowledge that the Option constitutes a material inducement to the Company to locate its operations in the County and thereby promote industry and create employment opportunities in the County, and that in granting such Option, the Issuer Authority is considering the entire transaction as a whole, including the promotion and expansion for the public good and welfare industry, trade and commerce within the County and the reduction of unemployment.