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Minutes - Feb. 8, 2012 Adjourned Reg. Meeting
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Minutes - Feb. 8, 2012 Adjourned Reg. Meeting
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4/19/2012 3:06:27 PM
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0 <br />eoo 24 , n( , 706 <br />f. If at any time during the Grant period the COMPANY substantially ceases <br />operations at the Project, the LCEDC shall not be obligated to pay to the COMPANY any further <br />grant funds. <br />g. If at any time during the Grant period the COMPANY fails to retain one <br />hundred per cent of the jobs existing at the time the Agreement is entered into, the COMPANY <br />will be in default of this agreement and no further disbursements will be made. <br />It. The COMPANY shall provide to the LCEDC all documents deemed <br />necessary by the LCEDC or the COUNTY or the CITY to verify capital investment, retained <br />jobs, new jobs required by this Agreement, including copies of the North Carolina Employment <br />Security Commission Form NCUI 101. <br />i. The COMPANY agrees to allow representatives of the LCEDC and/or the <br />COUNTY and /or the CITY to inspect at reasonable times and upon reasonable notice to have <br />access and the right to inspect, copy, audit and examine all of the relevant books, records and <br />other documents relating to the Grant and fulfillment of the COMPANY'S obligations under the <br />Agreement during the Grant period, <br />4. Assignment. No party shall assign any interest in or obligation under this <br />Agreement without the prior written consent of all of the parties. <br />IN WITNESS WHEREOF, LCEDC has caused this instrument to be signed in its <br />corporate name by its duly authorized officers and its seal to be hereunto affixed by authority of <br />its Board of Directors, and the COMPANY has caused this instrument to be executed in its name <br />by its duly authorized manager, on the day and year first above written. <br />5 of 29 <br />
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