Qualified Expenditures. The words “Qualified Expenditures” mean those expenditures consisting of and contributing to the reimbursement the cost of business interruption caused by required closures. This can include supplies, working capital, inventory, physical changes to structure to accommodate meet health requirements due to COVID-19 restrictions, rent, lease or mortgage payments for business purposes, or rent, lease, or purchase payment for business property. Expenditures for which Paycheck Protection Program funds were utilized are not Qualified Expenditures.
Appears in 8 contracts
Samples: Economic Development Agreement, Economic Development Agreement, Chapter 380 Economic Development Agreement
