Community Investment Clause Samples

Community Investment. The Purchaser acknowledges that the Vendor has a history of providing financial support in the form of donations, sponsorships and bursaries to community organizations. For a period of at least five years following the Effective Date, the Purchaser shall provide a minimum of $1,000 in funding per year to support community organizations which were either supported by the Vendor prior to the Effective Date or are similar to the ones supported by the Vendor prior to the Effective Date. The Purchaser will assess the impact and benefit of these initiatives at the end of the five year period and may continue supporting such organizations where it is determined that value exists.

Community Investment. Horizon agrees that for a period of five (5) years following the Effective Time, it shall cause Horizon Bank to donate $50,000 annually to nonprofit organizations and/or community schools in the markets served by Wolverine Bank. The continuation of these annual donations will be dependent upon Horizon’s continued financial performance, and their permissibility under applicable law, including all banking regulations. These donations shall be administered by Horizon’s Great Lakes Bay Region Advisory Board, subject to oversight by the Horizon Bank Board of Directors and/or Horizon’s Chief Executive Officer.

Community Investment. Horizon agrees that, for a period of five (5) years following the Effective Time, it shall cause Horizon Bank to donate $50,000 annually to nonprofit organizations and/or community schools in the markets served by LPSB. The continuation of these annual donations will be dependent upon Horizon’s continued financial performance, and their permissibility under applicable law, including all banking regulations. These donations shall be administered by Horizon’s La Porte County’s Advisory Board, subject to oversight by the Horizon Bank Board of Directors and/or Horizon’s CEO.

Community Investment. The Community Investment shall consist of the items and/or parameters set forth in Exhibit B attached hereto as updated and amended from time to time. The Company shall commence construction of the Community Investments not later than thirty (30) days following the closing of the Bonds (as described herein), and shall use its best efforts to complete construction and equipping of the Community Investments no later than 15 months following commencement, subject to permitted delays provided for in Section 3.04 hereof.

Community Investment an annual community investment to be made by the Bills and the Developer approximating a value of at least Three Million U.S. Dollars ($3,000,000.00).

Community Investment. The Recipients, as applicable, shall make: (a) with respect to the NY Projects, investments of no less than [***] to the Green CHIPS Community Investment Fund, to be invested during Green Chips Phase 1 (between 2023 and 2035 and associated with Fab 1 and Fab 2), and additional investments consistent with the NY Recipient’s obligations under Green Chips Phase 2 to be invested during Green Chips Phase 2, provided NY Recipient constructs two (2) subsequent fabrication facilities to be co-located with Fab 1 and Fab 2; and (b) with respect to the ID Project, within ten (10) years from the public announcement of the ID Project, investments no less than [***] in Idaho for purposes including, but not limited to: of infrastructure, transportation and mobility access, housing affordability and access, and entry-level relocation expenses, including, but not limited to, student loans and retirement grants, childcare, and/or internship/apprenticeship programs.

Community Investment. Memorandum

Community Investment. Undertaking 22

Community Investment. The Purchaser covenants with the Vendor that it will provide funding of $15,000 per year for a period of at least three years from the Effective Date for the purpose of providing the community with financial support by way of donations, sponsorships and bursaries in accordance with established policies and procedures for the Vendor (if applicable) and in a manner consistent with the Vendor’s funding activities and initiatives in prior years.