Supply and Service Spending Commitments with Fort Worth Certified M/WBE Companies Sample Clauses

Supply and Service Spending Commitments with Fort Worth Certified M/WBE Companies. Beginning with the calendar year in which the Completion Date occurs, and in each subsequent year of the Term of this Agreement, Target will spend or cause to be spent at least $20,000 with Fort Worth Certified M/WBE Companies for supplies and services provided directly in connection with the operation of the Required Improvements; provided, however, that if the Completion Date occurs on a date other than January 1, then only for the calendar year in which the Completion Date occurs, this commitment shall be reduced to an amount equal to the product of $20,000 multiplied by a fraction, the denominator of which is the number of days remaining in the year after the Completion Date and the numerator of which is 365. The City agrees that one way Target may meet this commitment is to cause a third party to spend at least $20,000 with Fort Worth Certified M/WBE Companies for supplies and services provided directly in connection with the operation of the Required Improvements. This commitment is part of, and is not in addition to, the general goal for use of Fort Worth M/WBE Certified Companies provided in Section 4.8 of this Agreement.
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Related to Supply and Service Spending Commitments with Fort Worth Certified M/WBE Companies

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