Verification of Jobs. Upon commencement of business operations and every six
Verification of Jobs. Upon commencement of business operations and every six (6) months following Final Completion, the Grantee shall submit a written certification to the NMCRA stating that the Grantee’s baseline job numbers are either in compliance or not in compliance with the requirements of Section 7.2. Such certification shall be signed by an officer of Grantee as being true and correct in all material respects. If at any time the NMCRA reasonably believes that that Grantee is in default of the requirements of Section 7.2, upon notice, the NMCRA, or its designee, shall be provided full and complete access to all records of the Grantee that would be reasonably necessary to verify the number and types of jobs created, and the wages paid to employees. Subject to the notice and grace provisions of Section 12, failure to provide such access upon reasonable request shall constitute a material default under the terms of this Agreement. With respect to all information to be obtained pursuant to this Section, the NMCRA shall, to the extent permitted by law comply with all privacy, employment and other laws applicable thereto.
Verification of Jobs. Upon the Maturity Date set forth in the Note, the CRA shall forgive 15% of the Loan amount, subject to the Business creating and retaining the required amount of new full time equivalent jobs and retaining the existing workforce, as outlined in paragraph 2. The Business’s baseline job numbers will be verified every six
