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2008-131
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2008-131
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Last modified
3/30/2016 11:30:57 AM
Creation date
10/1/2015 12:07:51 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/28/2008
Control Number
2008-131
Agenda Item Number
4.A.
Entity Name
Piper Aircraft, Inc.
Subject
Closing Fund Agreement
Supplemental fields
SmeadsoftID
6997
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Closing Fund Awardee to allow access to records as provided in this Paragraph shall constitute <br /> grounds for unilateral cancellation of this Agreement. <br /> The Closing Fund Awardee must make publicly available, upon request, the following <br /> information: the name of the business, the amount of the Closing Fund Award payment, the <br /> number of actual new full-time equivalent jobs created, and the amount of capital investment <br /> completed. <br /> 22.0 NON-ASSIGNMENT: Neither party may assign, sublicense or otherwise <br /> transfer its rights, duties, or obligations under this Agreement without providing prompt <br /> written notice to the other party. If the Closing Fund Awardee assigns this Agreement in <br /> connection with a sale of all or substantially all of its assets or the assets of the Piper Jet division <br /> or other major division, it may require the assignee to assume all of its obligations hereunder in <br /> writing, in which case the Closing Fund Awardee shall be released from such obligations <br /> provided the assuming party has financial resources equal to or greater than the original <br /> Closing Fund Awardee. A sale and leaseback of any portion of the Project shall not impair any <br /> rights of the Closing Fund Awardee to receive or maintain Awards. <br /> 23.0 FORCE MAJEURE. Neither party shall be liable in damages or have the right to <br /> terminate this Agreement for any delay or default in performing hereunder if such delay or <br /> default is caused by conditions beyond its control including, but not limit to Acts of God, <br /> Government restrictions, terrorism, insurrections and/or any other cause beyond the reasonable <br /> control of the party whose performance is affected . <br /> 24.0 ENTIRE AGREEMENT: This instrument embodies the entire agreement of the <br /> parties. There are no provisions, terms, condition, or obligations other than those contained in <br /> {3745/01/00234567.DOCc5 } <br /> 22 <br />
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