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2-20-17 Regular Meeting
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2-20-17 Regular Meeting
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3/27/2017 4:49:25 PM
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a. Marketing events in which EDC might participate will be brought to the <br />attention of Carolantic. To the extent permissible, as determined by the organizers of such <br />marketing events, EDC will cooperate in attempting to obtain approval for Carolantic to have <br />certain of its representatives at those marketing events. <br />b. Marketing events in which Carolantic might participate will be brought to <br />the attention of EDC. To the extent permissible, as determined by the organizers of such marketing <br />events, Carolantic will cooperate in attempting to obtain approval for EDC to heave some of its <br />representatives at those marketing events. <br />C. When either EDC or Carolantic are working with companies which may <br />consider locating facilities on the Site, they will each attempt to allow the other Party to share in <br />meetings with those prospects. Provided however it is understood that the final decision as to who <br />may participate in those meetings will largely be controlled by the prospect. <br />d. To the extent permissible, based upon the preference of each prospect, each <br />of the Parties will keep the other updated as to customers or prospects which are considering the <br />Site. <br />e. EDC will receive funds from other local governments in the vicinity of the <br />Site. These might be solicited by EDC or Carolantic. Those funds will be maintained in a separate <br />line item on EDC's accounts for cooperative marketing. These funds and any other funding <br />provided directly by EDC will be paid to Carolantic for cooperative marketing efforts undertaken by <br />Carolantic as agreed to by the Parties periodically. Carglantic will provide to EDC an invoice for any <br />funds it desires to have disbursed by EDC for the cooperative marketing efforts agreed to by the <br />Parties. Those invoices shall state the purposes within the description of marketing efforts shown <br />at Attachment B, which are to be undertaken by Carolantic and an itemization of the funds from <br />NPRAL1:782129.2•TBF-(EPEARSON) 900000.02216 <br />
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