Common use of Special Notifications Clause in Contracts

Special Notifications. In the event the Projected Completion Date may be significantly earlier or later than , 20 , the Company agrees to furnish a letter to VEDP containing details of its progress toward completing the Capital Investment Target and the [New Jobs/Jobs Target (together, the “Targets”). As noted in Section 4 below, if (i) the Capital Investment does not substantially remain in place during the payment period, (ii) the [New Jobs/Jobs] are not Maintained during the payment period, or (iii) the Facility is no longer operated at substantially the same level as existed at the time of the Initial Company Notification, the Company shall provide immediate notice to VEDP.

Appears in 2 contracts

Samples: Performance Agreement, Performance Agreement

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Special Notifications. In the event the Projected Completion Date may be significantly earlier or later than __________, 20 20__, the Company agrees to furnish a letter to VEDP containing details of its progress toward completing the Capital Investment Target and the [New Jobs/Jobs Target (together, the “Targets”)Target. As noted in Section 4 5 below, if (i) the Capital Investment does not substantially remain in place during the payment periodPayment Period, (ii) the [New Jobs/Jobs] Jobs are not substantially Maintained during the payment periodPayment Period, or (iii) the Facility is no longer operated at substantially the same level as existed at the time of the Initial Company Notification, the Company shall provide immediate notice to VEDP.

Appears in 2 contracts

Samples: Performance Agreement, Performance Agreement

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Special Notifications. In the event the Projected Completion Date may be significantly earlier or later than __________, 20 20__, the Company agrees to furnish a letter to VEDP containing details of its progress toward completing the Capital Investment Target and the [New Jobs/Jobs Target (together, the “Targets”)Target. As noted in Section 4 below, if (i) the Capital Investment does not substantially remain in place during the payment periodPayment Period, (ii) the [New Jobs/Jobs] Jobs are not Maintained during the payment periodPayment Period, or (iii) the Facility is no longer operated at substantially the same level as existed at the time of the Initial Company Notification, the Company shall provide immediate notice to VEDP.

Appears in 2 contracts

Samples: Performance Agreement, Performance Agreement

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