Economic Feasibility. The construction of the Project would not be undertaken by Xxxxxxxxx, and in the opinion of Developer would not be economically feasible within the reasonably foreseeable future, without the assistance and benefit to Developer provided for in this Agreement.
Economic Feasibility. The parties agree they may re-open negotiations on compensation adjustments dependent upon economic feasibility. Indicators of economic feasibility may include for example, the Director of the Office of Financial Management (OFM) determines implementation of such adjustments is economically feasible and the legislature appropriates funding in accordance with applicable law; if a State initiative or referendum is submitted to the voters and is passed that specifically provides funding for general salary increases for higher education classified employees; or the University provides across the board salary increases to Civil Service staff.
Economic Feasibility. Any development incentive granted shall contribute to the economic feasi- bility of providing the target units.
Economic Feasibility. During the Negotiating Period (as the Negotiating Period may be extended by the preceding subsection), the Developer and the Agency shall, from time to time, meet in good faith to review financial proformas delivered by the Developer to the Agency, pursuant to Section 3.6 below, to determine if economic conditions have improved to the extent that financing is available to the Developer, that such financing will provide a reasonable rate of return to the Developer for development of the Project (or any portion thereof as mutually determined by the parties), and to determine that the Project is otherwise economically feasible. In the event the parties determine that such financing is available and that the Project is otherwise economically feasible, then the Agency shall deliver a written notice to the Developer setting forth the parties agreement on such determination and, thereafter the parties shall complete the negotiation of the DDA for the Project (or the portion thereof) no later than one hundred eighty (180) days following the Developer's receipt of such written notice, or the expiration of the Negotiating Period (whichever is earlier).
Economic Feasibility. Unlike ordinary infill development within the City, the Property requires an unprecedented level of new infrastructure to be constructed to support the Project, including a disproportionate amount in the first phase of the Project. In addition, the Project guidelines call for extraordinary levels of public benefits and community facilities, including open space, affordable housing, and sustainable building practices. This Development Plan anticipates that the infrastructure, public benefits and affordable housing subsidies will be paid through a combination of private investment and land secured tax exempt financing, as more particularly described in Section XI below.
Economic Feasibility. Economic conditions or projections, development potential, market data, or other aspects of the economic feasibility of the Premises and/or the business Lessee intends to conduct on the Premises;
Economic Feasibility. Buyer's intended use and development of the Premises must be deemed by Buyer to be an economically feasible project in Buyer's sole discretion.
Economic Feasibility. Performance Levels; Regulatory Changes; Admission and Service Criteria. Hospital and PMR have determined that the PMR Program is based upon assumptions of economic viability which rely upon the achievement of certain specific performance levels, the continuation of existing payment and reimbursement practices of payors and third-party payors, and the patterns of patient medical utilization pertaining to admissions and services deemed necessary by payors, third-party payors, and medical experts. In the event that any one of these assumptions is determined to be invalid with respect to this
Economic Feasibility. The Intended Use must be deemed by Buyer, in Buyer's sole discretion and determination, to be an economically feasible project.
Economic Feasibility. (a) Tenant shall, for one hundred fifty (150) days (or such other period where indicated below for a particular matter) after the Effective Date ("Feasibility Period"), conduct such investigations as Tenant deems necessary or appropriate to determine, in Tenant's sole discretion, whether construction and operation of the Hotel is economically and operationally feasible. During the Feasibility Period Tenant shall have the right to satisfy itself regarding all matters bearing on the feasibility of the Hotel construction and operation, including but not limited to:
