Common use of State Assistance Clause in Contracts

State Assistance. A critical component of the Project described above is a requirement of state assistance, in the form of a grant3 (“Project Development Grant”) in order to secure the Project investment for the Community and State. The Project Development Grant required for this Project’s success is described as follows: Project development and construction costs and expenses, machinery and equipment, and/or other eligible Project expenses.

State Assistance. A critical component of the Project described above is a requirement of state assistance, in the form of a grant3 grant1 (“Project Development Grant”) or loan (“Project Development Loan”) in order to secure the Project investment for the Community and State. The Project Development Grant Grant/Loan required for this Project’s success is described as follows: A $1,000,000 XXXX xxxxx will be used by the Development Authority to defray costs incurred by the Company in connection with capital expenditures, including the purchase of furniture, fixtures, and equipment associated with the establishment of the Facility (the “Project development and construction costs and expenses, machinery and equipment, and/or other eligible Project expensesProperty”).

State Assistance. A critical component of the Project described above is a requirement of state assistance, in the form of a grant3 grant2 (“Project Development Grant”) in order to secure the Project investment for the Community and State. The Project Development Grant required for this Project’s success is described as follows: Project development and construction costs and expenses, A $1,000,000 EDGE grant used to offset the cost of machinery and equipment, and/or other eligible Project expensesequipment at the Facility.