Common use of PURPOSE OF AGREEMENT Clause in Contracts

PURPOSE OF AGREEMENT. To fulfill the purposes provided in Indiana Code § 5-28-1-1 and Indiana Code § 6–3.1–13, and in accordance with the terms and conditions contained herein, the IEDC has awarded a tax credit under the Economic Development for a Growing Economy Tax Credit program. The Agreement specifies the terms of this credit for the Company, against its Indiana state tax liability, as defined by Indiana Code § 6-3.1-13-9 (“State Tax Liability”), for each Taxable Year (as defined in Paragraph 4 below). Capitalized terms used herein and not otherwise defined shall have the meaning given to them in Exhibit A, which is attached hereto and incorporated herein by reference.

Appears in 88 contracts

Samples: Economic Development for a Growing Economy (Edge) Tax Credit Agreement, Economic Development for a Growing Economy Tax Credit Agreement, Economic Development for a Growing Economy Tax Credit Agreement

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PURPOSE OF AGREEMENT. To fulfill the purposes provided in Indiana Code § 5-28-1-1 and Indiana Code § 6–3.1–136–3.1–26, and in accordance with the terms and conditions contained herein, the IEDC has awarded a tax credit under the Economic Development for a Growing Economy Hoosier Business Investment Tax Credit program. The Agreement specifies the terms of this credit for the Company, against its Indiana state tax liability, as defined by Indiana Code § 6-3.1-1326-9 (“State Tax Liability”), for each Taxable Year (as defined in Paragraph 4 below). Capitalized terms used herein and not otherwise defined shall have the meaning given to them in Exhibit A, which is attached hereto and incorporated herein by reference.

Appears in 15 contracts

Samples: Hoosier Business Investment Agreement, Hoosier Business Investment Tax Credit Agreement, Economic Development for a Growing Economy Tax Credit Agreement

PURPOSE OF AGREEMENT. To fulfill the purposes provided in Indiana Code § 5-28-1-1 and Indiana Code § 6–3.1–13, 6–3.1–13 and in accordance with the terms and conditions contained herein, the IEDC has awarded a tax credit under the Economic Development for a Growing Economy Tax Credit program. The This Agreement specifies the terms of this credit for the Company, against its Indiana state tax liability, as defined by Indiana Code § 6-3.1-13-9 (“State Tax Liability”), for each Taxable Year (as defined in Paragraph 4 below). Capitalized terms used herein and not otherwise defined shall have the meaning given to them in Exhibit A, which is attached hereto and incorporated herein by reference.

Appears in 2 contracts

Samples: Economic Development for a Growing Economy Tax Credit Agreement, Economic Development for a Growing Economy (Edge) Tax Credit Agreement

PURPOSE OF AGREEMENT. To fulfill the purposes provided in Indiana Code § 5-28-1-1 and Indiana Code § 6–3.1–136 3.1 13, and in accordance with the terms and conditions contained herein, the IEDC has awarded a tax credit under the Economic Development for a Growing Economy Tax Credit program. The Agreement specifies the terms of this credit for the Company, against its Indiana state tax liability, as defined by Indiana Code § 6-3.1-13-9 (“State Tax Liability”), for each Taxable Year (as defined in Paragraph 4 below). Capitalized terms used herein and not otherwise defined shall have the meaning given to them in Exhibit A, which is attached hereto and incorporated herein by reference.

Appears in 2 contracts

Samples: Economic Development for a Growing Economy (Edge) Tax Credit Agreement, Economic Development for a Growing Economy Tax Credit Agreement

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PURPOSE OF AGREEMENT. To fulfill fulf ill the purposes provided in Indiana Code § 5-28-1-1 and Indiana Code § 6–3.1–13, and in accordance with the terms and conditions contained herein, the IEDC has awarded a tax credit under the Economic Development for a Growing Economy Tax Credit program. The Agreement specifies the terms of this credit for the Company, against its Indiana state tax liability, as defined by Indiana Code § 6-3.1-13-9 (“State Tax Liability”), for each Taxable Year (as defined in Paragraph 4 below). Capitalized terms used herein and not otherwise defined shall have the meaning given to them in Exhibit A, which is attached hereto and incorporated herein by reference.

Appears in 1 contract

Samples: Economic Development for a Growing Economy Tax Credit Agreement

PURPOSE OF AGREEMENT. To fulfill the purposes provided in Indiana Code § 5-28-1-1 and Indiana Code § 6–3.1–136 3.1 26, and in accordance with the terms and conditions contained herein, the IEDC has awarded a tax credit under the Economic Development for a Growing Economy Hoosier Business Investment Tax Credit program, as modified by House Enrolled Act 1001, P.L. 165-2021. The Agreement specifies the terms of this credit for the Company, against its Indiana state tax liability, as defined by Indiana Code § 6-3.1-13-9 (“State Tax Liability”), for each 26- Taxable Year (as defined in Paragraph 4 below). Capitalized terms used herein and not otherwise defined shall have the meaning given to them in Exhibit A, which is attached hereto and incorporated herein by reference.

Appears in 1 contract

Samples: Hoosier Business Investment (Hbi Accelerated) Tax Credit Agreement

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