Act Minimum Investment Requirement definition

Act Minimum Investment Requirement means an investment of at least $2,500,000 in the Project within five years of the Commencement Date.
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Act Minimum Investment Requirement means an investment of at least $2,500,000 by the Company and any Sponsors and Sponsor Affiliates of property within the Investment Period, provided, however, that in the event of a reduction of the minimum investment level in Section 12-44-30(14) or any successor section by legislative action, then the Act Minimum Investment Requirement shall equal such reduced amount.
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Act Minimum Investment Requirement means an investment of at least $2,500,000 by the Company and, only to the extent allowed by law, any Sponsors and Sponsor Affiliates of property eligible as economic development property under the Act, provided, however, that in the event of a reduction of the minimum investment level in Section 12-44-30(14) or any successor section by legislative action, then the Act Minimum Investment Requirement shall equal such reduced amount.
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Examples of Act Minimum Investment Requirement in a sentence

  • However, if the Company, together with any Sponsor Affiliates, does not meet the FILOT Act Minimum Investment Requirement within the Investment Period, the provisions of Section 4.03 hereof shall control.

  • In no event shall the Company or any Sponsor Affiliate be liable to the County or otherwise for monetary damages resulting from the Company’s (together with any Sponsor Affiliates) failure to meet the FILOT Act Minimum Investment Requirement other than as expressly set forth in this Fee Agreement.

  • In no event shall the Company be liable to the County or otherwise for monetary damages resulting from the Company’s failure to meet the Act Minimum Investment Requirement, other than as expressly set forth herein.

  • However, if the Company, together with any Sponsor Affiliates, does not meet either the Contract Minimum Investment Requirement or the FILOT Act Minimum Investment Requirement within the Investment Period, the provisions of Section 4.03 hereof shall control.

  • In no event shall the Company or any Sponsor Affiliate be liable to the County or otherwise for monetary damages resulting from the Company’s (together with any Sponsor Affiliates) failure to meet the FILOT Act Minimum Investment Requirement or the Contract Minimum Investment Requirement, other than as expressly set forth in this Fee Agreement.


More Definitions of Act Minimum Investment Requirement

Act Minimum Investment Requirement means an investment of at least $2,500,000 by the Sponsors of eligible economic development property under the Act.
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Act Minimum Investment Requirement means a collective investment of at least
Sample 1Sample 2
Act Minimum Investment Requirement means an investment of at least $2,500,000 by the Company of property eligible as economic development property under the Act, provided, however, that in the event of a reduction of the minimum investment level in Section 12-44- 30(14) or any successor section by legislative action, then the Act Minimum Investment Requirement shall equal such reduced amount.
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Act Minimum Investment Requirement means an investment of at least $2,500,000 in the
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Act Minimum Investment Requirement means an investment of at least $2,500,000 in the Project on or before the date that is five years from the Commencement Date, as set forth in Section 12- 44-30(14) of the Act, which investment amount shall be calculated in accordance with, and subject to, Section 12-44-130 of the Act.
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Act Minimum Investment Requirement means an investment of at least $2,500,000 in the Project by the Sponsor or a Sponsor Affiliate within five years of the Commencement Date, or a combined total investment of at least $5,000,000 in the Project by the Sponsor and one or more Sponsor Affiliates, regardless of the amount invested by each such party, within five years of the Commencement Date.
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Act Minimum Investment Requirement means an investment of at least $400,000,000 in the Project within eight years of the Commencement Date pursuant to Sections 12-44-30(7) and 12-44-30(13) of the Act.
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