DEVELOPMENT FINANCING. 19.1 Any of the Working Interest Owners shall have the right to obtain project financing for the development of a Commercial Discovery. THE PRESIDENT may, where possible, upon request of a Working Interest Owner, use his good offices to assist in all things necessary to facilitate project financing by a consortium of banks for any portion of the development Expenditure.
DEVELOPMENT FINANCING. 20.1 Any interest payment or other financing cost for Petroleum Operations shall not be a cost recoverable expense for Cost Recovery Oil or Cost Recovery Gas purposes.
DEVELOPMENT FINANCING. If during the Term, Lessee elects to develop or otherwise to construct improvements on the Premises, as set forth in Paragraph 10 above, the parties hereto agree as follows:
DEVELOPMENT FINANCING. (a) arranging finance and bank facilities to fund developments; and
DEVELOPMENT FINANCING. Manager shall use its best efforts to obtain on behalf of the Company third party debt financing in an amount sufficient to fund the development of the Project pursuant to plans approved by the Members (the "Development Financing"). The Development Financing shall be between $30 million and $33 million and shall generally be within the following parameters:
DEVELOPMENT FINANCING. It is the Members' intent that the Company seek a credit facility (the "Development Financing Loan") secured by the Spa Property or a portion thereof to fund one-half the cost of the Spa Improvement Project. Such credit facility shall be for approximately One Million and 00/100 Dollars ($1,000,000.00) for construction financing. Upon acceptance of the Project Development Budget Construction Plans and Development Contract ("Development Plan"), CII will use its best efforts to arrange or facilitate Spa Improvement Project borrowings required to fulfill the Development Plan. If required by the lender under the Development Financing Loan, each Member shall deliver a pro rata guaranty, from a creditworthy guarantor, of repayment of such Development Financing Loan to such lender, and the Members shall enter into a contribution and indemnity agreement amongst themselves. , If the Development Financing Loan is secured by a Permitted Mortgage (as defined in the Primary Lease), then the holder of such Permitted Mortgage shall provide (i) a Non-Disturbance Agreement (as defined in the Primary Lease) to Westgroup Grove Isle Associates, Ltd. as contemplated by Section 13.3 of the Primary Lease, and (ii) a non-disturbance agreement (similar to the type of Non-Disturbance Agreement to be provided to Westgroup Grove Isle Associates, Ltd. to the Company, provided that the Company's non-disturbance agreement shall be conditioned upon there being no default under the Spa Lease and the Primary Lease.
DEVELOPMENT FINANCING. 4.1 DuPont will make available to Barr xx to forty-five million United States Dollars (45,000,000 USD) in research and development funding for the Research Program. *** ***. The total funding to be provided by DuPont for all three Funded Products shall be limited to Development Costs and shall be limited by calendar quarter as set forth in Exhibit I. If development of a Funded Product is discontinued, no additional funding for that Funded Product will be made after the date of discontinuance, and funding for the other Funded Products will not be increased beyond the levels provided for under Section 4.1 for each Funded Product. Substitution of another drug development product, as allowed in Section 2.9 hereinabove, shall not increase the amount of funding provided under this Section
DEVELOPMENT FINANCING. If during the term of this lease the Lessee elects to do work of development or to construct improvements on the Premises, as set forth in Paragraph 10 above, the parties hereto agree as follows:
DEVELOPMENT FINANCING. Without the prior written consent of the Requisite Lenders, the Borrower will not and will not permit any Guarantor or any Related Company to enter into any development financing (including the making of any Permitted Acquisition) except, subject to compliance with the financial covenants set forth in §9.1 to §9.4 herein, in connection with building expansions required under terms of existing leases, renewed leases or new leases entered into by Borrower or any Guarantor. Borrower and each Guarantor will provide written notification to Lender at the time of each financing commitment entered into by Borrower during the term of the Loan.
DEVELOPMENT FINANCING. It is the intention of the Landlord to finance the building or complex by a construction loan which will be supplanted by a so-called “Permanent Loan”. Landlord agrees to provide Tenant with a “Loan Package” of information covering the proposed financing at the same time Landlord is providing this information to its other perspective Lenders, but no later than June 1, 1990. Landlord shall notify Tenant of the terms of any specific proposals received from such lenders, and Tenant will then have fifteen (15) days to improve the conditions of the proposed financing. If Tenant is successful in obtaining a more favorable loan with the same maturity, origination fees, amortization schedule and security and other terms and conditions then Tenant shall be entitled to a cash payment or payments equivalent to the savings, provided the Loan with more favorable terms and conditions actually closes. In the case of construction financing, Tenant shall receive a cash payment in the amount of the savings upon completion of construction and repayment of the construction loan. In the case of permanent financing, Tenant shall receive quarterly payments equal to the amount of the savings for that period. This Paragraph shall apply to any and all subsequent financings so long as QTC Venture continues to own the property, unless the loan is assumed by the new owner.
