Examples of County Payments in a sentence
If the County terminates the Agreement, the County shall not be obligated to make any future County Payments, or if a payment has already been made, Company shall repay the same amount to the County within 30 days of the effective date of termination.
Assignor covenants and represents that no other assignment of any interest in the County Payments assigned has been made, and that Assignor will not hereafter amend, alter, modify, cancel, surrender or terminate the Payment Agreement, exercise any option which might lead to any such amendment, alteration, modification, cancellation, surrender or termination or consent to the release of the County thereunder without the prior written consent of Assignee.
Each invoice shall document, to the reasonable satisfaction of the County: confirmation that the Company has complied with required preconditions to be eligible for the County Payments, including documentation to show that Company is current with its payment of property taxes and such additional information as may be reasonably requested by the County.
The total maximum possible County Payments shall not exceed Three Million Nine Hundred Seventy Three Thousand Ninety Five Dollars ($3,973,095.00) over the term of this Agreement.
Jobs Other County Payments in Lieu 9,000 0.0% Fixed Licenses and Permits Liquor License 59,407 0.3% Population and Perm.
Failure to maintain Continuous Operations shall result in the forfeiture of all subsequent County Payments and this Agreement shall terminate.
The acceptance of this Assignment and the collection of County Payments under the Payment Agreement hereby assigned shall not constitute a waiver of any rights of Assignee under the terms of the Loan Agreement, the 2015 Affordable Housing Note, the Payment Agreement or any other agreement or instrument executed in connection therewith.
Nothing herein shall be construed as requiring the County to use or apply to the payment of County Payments any funds or revenues from any source other than Nontax Revenues; provided, however, that nothing herein shall be deemed to prohibit the County, of its own volition, from using, to the extent that it is authorized by law to do so, any other resources for the fulfillment of any of the terms, conditions or obligations of this Agreement or the Financing Agreements.
Unless the County waives this Section 3.3 requirement in writing, failure of the Company to comply with this Section 3.3 shall release the County of its obligation to make any further County Payment otherwise required and shall allow the County to seek reimbursement for all County Payment made as of the date of non-compliance by the Company of this Section 3.3 in an amount equal to the County Payment(s) made to the Company for the year(s) during which such ad valorem property tax exemption applied.
Notwithstanding anything contained herein to the contrary, this Assignment is intended to be an absolute assignment from Assignor to Assignee of County Payments (as defined in the Payment Agreement) and not merely a grant of a security interest.