Examples of Initial Investment Period in a sentence
Initial Investment Period During the initial investment period, all goods imported for use in the Project by QMM SA and its suppliers and contractors, except for goods for personal use, shall be admitted free of duty, import tax, VAT and all other equivalent taxes, with the exception of the TUPP1, (hereinafter "Customs Duties").
The Asset Management Fee shall be prorated for any partial quarter and for the quarter in which the termination of the Initial Investment Period occurs based on the number of days in such quarter or the number of days in such quarter before and after such termination occurs, as applicable.
If, by the end of the Initial Investment Period, as defined in the Fee Agreement (projected to be December 31, 2017), the Company achieves the Minimum Investment Commitment (as defined in the Fee Agreement), then the Company shall be deemed by the County to have complied with its commitments under this Agreement and the Infrastructure Credit benefits shall continue unchanged under this Agreement for the remainder of the Credit Period.
After the Initial Investment Period, any Partner may propose that the Partnership be terminated and its affairs wound up in accordance with this Article 12 by delivering a written notice to the Managing General Partner proposing that such action be taken and setting forth the reasons for such proposal.
If, by the end of the Initial Investment Period, the Company fails to achieve the Minimum Investment Commitment, then the Company must repay the County any Infrastructure Credit benefits received under this Agreement and any interest due with respect to such amount as determined by Section of the Code of Laws of South Carolina 1976, as amended, (TO BE FURTHER WORDSMITHED) and any future Infrastructure Credit benefits remaining under this Agreement shall discontinue.