Remedies for Default. (a) In the event of Default by the Business, the SEDC shall, as its sole and exclusive remedy for Default hereunder, have the right to terminate this Agreement and to recapture one hundred percent (100%) of the Job Creation Incentive (the “Recapture Amount”) if the Default occurs on or prior to the termination date.
Appears in 30 contracts
Samples: Economic Development Performance Agreement, Economic Development Performance Agreement, Economic Development Performance Agreement