Examples of Recapture in a sentence
The Agency’s determination to recapture all or a portion of the Project Financial Assistance shall be made by the Agency after an evaluation of the criteria for recapture set forth in the Agency’s “Policy Respecting Recapture of Project Benefits” as in effect as of the Closing Date (a copy of which policy is attached hereto as Schedule B).
Upon the occurrence of any of the Recapture Events, the Agency may, upon at least ten (10) calendar days written notice to the Company, hold a hearing before the Chair or other designated party at which the Company will have the opportunity to provide, or explain its failure to provide, the information requested by the Agency.
The Company understands and agrees that the failure to file such annual statement will result in the removal of the Company's authority to act as agent for the Agency and/or Recapture of Agency Benefits as described in Section 4.8 hereof.
Upon the occurrence of a Recapture Event that occurs during the Recapture Period, the Agency may require the Company to provide for the recapture of the project financial assistance provided as of the date of determination (the “Project Financial Assistance”), all in accordance with the terms of this Section 4.03.
Recapture of Financial Assistance ..................................................................................