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<br />7. Reportina Reauirements. <br /> <br />(a) The Recipient agrees to furnish to the Grantor on or before March 1 in each year the <br />report required in Section I 16J994, Subdivision 7 of the Act on forms developed by the Minnesota <br />Department of Trade and Economic Development. <br /> <br />. (b) If the Grantor does not receive the reports, it will mail the Recipient a warning within one <br />week ofthe required filing date. If within 14 days oHhe post marked date ofthe warning the reports are <br />not made, the Recipient agrees to pay to the Grantor a penalty of $100 for each subsequent day until <br />the report is filed up to a maximum of $1,000. . <br /> <br />8. Parent Corporation. There is no parent corporation for the Recipient. <br /> <br />9. Other. Grantors. The following is a list of all financial assistance to be provided by all <br />grantors for the Project None. <br /> <br />10. Term of Aareemeilt. This Agreement will be in full force and effect until the earlier of the <br />Recipient meeting aU of its obligations hereunder or the provisions of the Act no longer apply to the <br />Grantor, the Recipient or the Project, in which thisAgreement will be terminated. <br /> <br />The Grantor and Recipient have executed this Agreement as of the date written above. <br /> <br />/ <br /> <br />Grantor: <br /> <br />By <br />Its Chair <br /> <br />By <br />Its Secretary <br /> <br />Recipient <br /> <br />By <br /> <br />Its <br />