Orange County NC Website
4 <br /> B. "Commencement Date. The date in which the Company begins actual operations at the <br /> Subject Property, after having obtained applicable governmental approvals, certificates <br /> of zoning compliance, and certificates of occupancy. The Commencement Date is <br /> anticipated to he no later than July,2020. <br /> C. "Company." Medline Industries, Inc. includes its affiliates, successors,and assigns. <br /> D. "Eligible Property." Includes(a) the Subject Property(as defined in Exhibit B, Legal <br /> Description of Deal Property), other real property in the County, and all improvements <br /> the Company or an Affiliate of the Company constructs or installs, or causes to be <br /> constructed or installed, at the Subject Property or such other real properly, including all <br /> buildings, building systems, and building improvements, and(b) all personal property <br /> (as defined in Section I.I. below, Personal Property) the Company or an Affiliate of the <br /> Company purchases or leases and installs, at or relocates to, the Facility or such other <br /> real property, <br /> B. "Grant." An economic incentive grant to the County pursuant to Section 3 of this <br /> Agreement. <br /> F. "Minimum Taxable Investment," The aggregate investment amount in property and <br /> infrastructure the Company intends to make and that Company and County anticipate <br /> will result in a tags valuation of at least$65,300,000.00. <br /> G. "Orange County Facility""Mebane Facility," or"Facility." The Company constructed <br /> and/or owned primary and secondary structures, utilities, and operations and service <br /> areas situated on the Subject Property in Mebane, Orange County,North Carolina in and <br /> on which Company conducts its business,manufacturing, and/or operations. <br /> H. "Person." Any individual,partnership, trust, estate,association, limited liability <br /> company, corporation, custodian, nominee,governmental instrumentality or agency, <br /> body politic or any other entity in its own or any representative capacity. <br /> f. "Personal Property." All personal properly the Company or an Affiliate owns or leases <br /> located at the Facility, including all (a)machinery and equipment, (b) furniture, <br /> furnishings, and fixtures, (c) property that is capitalized for federal or state income tax <br /> purposes, (d) all additions to any of the foregoing, and all replacements of any of the <br /> foregoing in excess of$]00,000. <br /> .1. "Qualifying Expenditure." All expenditures the Company, an Affiliate, or lessor to the <br /> Company or an Affiliate makes for Eligible Properly which is subject to Tax in the <br /> County and is not subject to an exemption from Tax that the Company uses. <br /> K. "State," The State of North Carolina, <br /> L. "Subject Property." The property on which Company constructs and/or operates the <br /> Orange County facility. <br /> Page 2 of 12 <br />