Common use of Return on Investment Clause in Contracts

Return on Investment. The Recipient’s failure to meet the Return on Investment criteria set forth herein will result in the additional financial consequences set forth in Section 18, below. a. The Recipient shall certify that a private capital investment (excluding the acquisition or leasing of real property) of at least $11,700,921 has been made and paid for by private businesses at the location of the Project or in connection with the Project, calculated as set forth in Section 20, below, after the Effective Date and on or before December 31st of the year on which the ten (10) year anniversary of the Completion Date falls (such date, the “Capital Investment Date”). b. The Recipient shall certify that at least 719 New Jobs have been created as a result of the Project, calculated as set forth in Section 1, after the Effective Date and on or before December 31st of the year on which the ten (10) year anniversary of the Completion Date falls (such date, the “Job Creation Date”). c. The Recipient shall certify that Retained Jobs have been retained as a result of the Project, calculated as set forth in Section 20, below.

Return on Investment. The Recipient’s failure to meet the Return on Investment criteria set forth herein will result in the additional financial consequences set forth in Section 18, below. a. The Recipient shall certify that a private capital investment (excluding the acquisition or leasing of real property) of at least $11,700,921 $ 1,500,000.00 has been made and paid for by private businesses at the location of the Project or in connection with the Project, calculated as set forth in Section 20, below, after the Effective Date and on or before December 31st of the year on which the ten (10) year anniversary of the Completion Date falls (such date, the “Capital Investment Date”). b. The Recipient shall certify that at least 719 New Jobs have been created as a result of the Project, calculated as set forth in Section 1, after the Effective Date and on or before December 31st of the year on which the ten (10) year anniversary of the Completion Date falls (such date, the “Job Creation Date”). c. The Recipient shall certify that Retained Jobs have been retained as a result of the ProjectJobs, calculated as set forth in Section 2019, below, is not applicable to this Agreement.