Common use of Waiver and/or Modification of Noncompliance Clause in Contracts

Waiver and/or Modification of Noncompliance. Pursuant to Indiana Code § 5-28-28-8, and at the sole discretion of the IEDC, the IEDC may waive or modify the recapture of incentives awarded under the Agreement to the Company if the IEDC determines that the Company failed to satisfy the requirements for receiving the credit because of circumstances beyond the Company’s control, including:

Appears in 51 contracts

Samples: Tax Credit Agreement, Tax Credit Agreement, Tax Credit Agreement

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Waiver and/or Modification of Noncompliance. Pursuant to Indiana Code § 5-28-28-8, and at the sole discretion of the IEDC, the IEDC may waive or modify the recapture of incentives awarded under the Agreement to the Company Grantee if the IEDC determines that the Company Grantee failed to satisfy the requirements for receiving the credit grant funds because of circumstances beyond the CompanyGrantee’s control, including:

Appears in 11 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

Waiver and/or Modification of Noncompliance. Pursuant to Indiana Code § 5-28-28-8, and at the sole discretion of the IEDC, the IEDC may waive or modify the recapture of incentives awarded under the Agreement to the Company Grantee if the IEDC determines that the Company Grantee failed to satisfy the requirements for receiving the credit grant funds because of circumstances beyond the Company’s Grantee’s control, including:

Appears in 1 contract

Samples: Grant Agreement

Waiver and/or Modification of Noncompliance. Pursuant to Indiana Code § 5-28-28-8, and at the sole discretion of the IEDC, the IEDC may waive or modify the recapture of incentives awarded under the Agreement to the Company Grantee if the IEDC determines that the Company Grantee failed to satisfy the requirements for receiving the credit because of circumstances beyond the CompanyGrantee’s control, including:

Appears in 1 contract

Samples: Grant Agreement

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Waiver and/or Modification of Noncompliance. Pursuant to Indiana Code § 5-28-28-8, and at the sole discretion of the IEDC, the IEDC may waive or modify the recapture of incentives awarded under the Agreement to the Company if the IEDC determines that the Company failed to satisfy the requirements for receiving the credit because of circumstances beyond the Company’s control, including:(1.) natural disaster;

Appears in 1 contract

Samples: Tax Credit Agreement

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