Performance Date definition
Examples of Performance Date in a sentence
Such repayment shall be due from the Company to the Authority within ninety days of the Performance Date or the Determination Date, as applicable.
Failure by the Company to meet either of these eligibility requirements by the Performance Date shall constitute a breach of this Agreement and the entire GOF Grant theretofore paid to the Company must be repaid by the Company to the Authority.
VEDP has estimated that the Commonwealth will reach its “break-even point” by the Performance Date.
For example, if at the Performance Date, the Capital Investment is only $7,200,000 and only 37 New Jobs have been created and Maintained, the Company shall repay to the Authority twenty percent (20%) of the moneys allocated to the Capital Investment Target ($250,000 x .2 = $50,000) and forty percent (40%) of the moneys allocated to the New Jobs Target ($250,000 x .4 = $100,000).
The Company intends to move its employees currently working in the Locality to the Facility by the Performance Date.