Examples of Special Source Credits in a sentence
In case any one or more of the provisions of this Agreement shall, for any reason, be held to be illegal or invalid, the illegality or invalidity shall not affect any other provision of this Agreement, and this Agreement, the Special Source Credits shall be construed and enforced as if the illegal or invalid provisions had not been contained herein or therein.
The County shall not assign, transfer, or convey its obligations to provide Special Source Credits hereunder to any other Person, except as may be required by South Carolina law.
Clawback information: Failure to invest at least $7,500,000 in Costs of Infrastructure during the Investment Period results in prospective loss of the Special Source Credits.
Subsequently, following a failure to remedy the Event of Default, the County may, in its sole discretion, determine not to provide the Special Source Credit which would otherwise be applied to the Fee Payment to be made by the Company with respect to such property tax year, and not to provide any further Special Source Credits under this Agreement until such certification has been properly made and received.
In the event that the Company fails to timely pay or reimburse Administration Expenses in accordance with this subsection, the County may reduce the Special Source Credits provided hereunder to offset such unpaid Administration Expenses.