Adjustment of Development Contribution Sample Clauses

Adjustment of Development Contribution. 6.4.1 On each anniversary of the date of this Agreement (the Development Contribution Adjustment Date), the Development Contribution is to be adjusted to a revised amount by applying the following formula: where: (a) before the date of the Development Contribution for the first Development Contribution Adjustment Date; and (b) before the preceding Development Contribution Adjustment Date for every subsequent Development Contribution Adjustment Date 6.4.2 If after the formula is applied under clause 12.2.1 the revised Development Contribution will be less than the amount held at the preceding Development Contribution Adjustment Date, the Development Contribution will not be adjusted.
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Adjustment of Development Contribution. 6.1 If at any time the use and operation of any of the Signage by the Developer pursuant to any Development Consent granted for the Current Development Application (as modified by the Subsequent Modification Application) permanently ceases for any reason, including on the redevelopment of the Land, the parties acknowledge that: (a) the Developer may provide written evidence to the Council to demonstrate that the use and operation of particular Signage by the Developer has permanently ceased; and (b) if the Digital Signage has been removed or its use permanently ceased such that no party can utilise it under the Current Development Application (as
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Adjustment of Development Contribution. 6.1 If at any time the use and operation of the Digital Signage by the Developer pursuant to the granted Development Consent permanently ceases for any reason, the Parties acknowledge that: (a) the Developer must promptly notify Council in writing of the cessation of the use and operation of the Digital Signage and such notice shall include written evidence to demonstrate that the use and operation of the Digital Signage has permanently ceased; (b) Council must, within 15 Business Days after receiving a notice from the Developer under clause 6.1(a), give genuine consideration to any such written notice and written evidence and notify the Developer in writing as to whether or not it is satisfied (acting reasonably) that the use and operation of the Digital Signage by the Developer has permanently ceased; (c) if: (i) Council notifies the Developer under clause 6.1(b) that it is satisfied that the use and operation of the whole Digital Signage by the Developer has permanently ceased, the Parties may formally record in writing the permanent ceasing of the operation of the whole Digital Signage and mutually terminate this Agreement; (ii) Council notifies the Developer under clause 6.1(b) that it is not satisfied that the use and operation of the whole Digital Signage by the Developer has permanently ceased, then the Developer may serve a notice on Council that it disputes Council’s notice and the dispute resolution provisions of this Agreement shall apply; and (iii) Council does not give notice to the Developer of its decision under clause 6.1(b) within 15 Business Days after receiving a notice from the Developer under clause 6.1(a), this Agreement is deemed to be terminated on the date which is 15 Business Days after the Developer’s notice to Council under clause 6.1(a). (a) If at any time the use or operation of the Digital Signage by the Developer pursuant to the Development Consent is disrupted or suspended due to a Force Majeure Event for a continuous period of 5 Business Days: (i) the Developer may provide written notice to Council which states the Force Majeure Event causing the disruption or suspension and the period of anticipated disruption or suspension; and (ii) subject to clause 6.2(a)(i), the parties must promptly liaise in good faith to reach written agreement in relation to the nature of such Force Majeure Event and the extent of the anticipated disruption or suspension (Agreed Force Majeure Event Suspension); and (iii) subject to clause 6.2(b),...
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Related to Adjustment of Development Contribution

  • Commencement of Development 5.3.1 In the event that development on the Lands has not commenced within five (5) years from the date of registration of this Agreement at the Registry of Deeds or Land Registry Office, as indicated herein, the Agreement shall have no further force or effect and henceforth the development of the Lands shall conform with the provisions of the Land Use By-law. For the purpose of this section, commencement of development shall mean issuance of a Mobile Home Park Construction Permit. 5.3.2 For the purpose of this section, Council may consider granting an extension of the commencement of development time period through a resolution under Section 4.1 of this Agreement, if the Municipality receives a written request from the Developer at least sixty (60) calendar days prior to the expiry of the commencement of development time period.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Joint Development If joint development is involved, the Recipient agrees to follow the latest edition of FTA Circular 7050.1, “Federal Transit Administration Guidance on Joint Development.”

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement. a. Develop a Work Breakdown Structure (WBS) for each project. b. Evaluate Scope Statement to develop a preliminary cost estimate and determinate whether project be vendor bid or be executed under a Job Order Contract (JOC).

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Subsequent Developments After the date of this Contract and until the Closing Date, Seller shall use best efforts to keep Buyer fully informed of all subsequent developments of which Seller has knowledge (“Subsequent Developments”) which would cause any of Seller’s representations or warranties contained in this Contract to be no longer accurate in any material respect.

  • Assignment of Developments (i) Executive acknowledges and agrees that all developments, including, without limitation, the creation of new products, devices, inventions, discoveries, concepts, ideas, improvements, patents, trademarks, trade names, trade dress, service marks, copyrights, domain names, trade secrets, designs, works, reports, computer software or systems, flow charts, diagrams, procedures, data, documentation, and writings and applications thereof, including all results and proceeds of the foregoing, relating to the Business or future business of the Company that Executive, alone or jointly with others, has discovered, suggested, conceived, created, made, developed, reduced to practice, or acquired during Executive’s employment with or as a result of Executive’s employment with the Company (collectively, “Developments”) are being prepared by Executive as an employee of the Company within the scope of Executive’s employment and shall be considered as “works made for hire” and shall remain the sole and exclusive property of the Company, free of any reserved or other rights of any kind on Executive’s part. If and to the extent the fact that the Developments are works made for hire is not effective to place ownership of the Developments and all rights therein to the Company, then Executive hereby solely, exclusively and irrevocably assigns and transfers to the Company any and all of his right, title and interest in and to the Developments. Executive agrees to disclose to the Company promptly and fully all future Developments and, at any time upon request and at the expense of the Company, to execute, acknowledge and deliver to the Company all instruments that the Company shall prepare and to take any and all other actions that are necessary or desirable, in the reasonable opinion of the Company, to evidence or effectuate all or any of the Company’s rights hereunder, including executing and delivering patent, trademark or copyright applications and instruments of assignment to the Company and enabling the Company to file instruments of assignment for, to file and prosecute applications for, and to acquire, maintain, and enforce, all patents, trademarks or copyrights covering the Developments in all countries in which the same are deemed necessary by the Company. All data, memoranda, notes, lists, drawings, records, files, investor and client/customer lists, supplier lists, and other documentation (and all copies thereof) made or compiled by Executive or made available to Executive concerning the Developments or otherwise concerning the past, present, or planned business of the Company are the property of the Company, and shall be delivered to the Company immediately upon the termination of Executive’s employment with the Company. (ii) If any patent, trademark or copyright application is filed by Executive or on Executive’s behalf during Executive’s employment with the Company or within one (1) year after Executive’s leaving the Company’s employ, describing a Development within the scope of Executive’s work for the Company or which otherwise relates to a portion of the business of the Company, of which the Executive had knowledge during Executive’s employment with the Company, it is to be conclusively presumed that the Development was conceived by Executive during the period of such employment.

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Employee Development The Employer may provide employees the opportunity to participate in appropriate seminars, workshops or short courses. When possible and appropriate the Employer will provide to all staff information on seminars, workshops or short courses by posting a notice on the Employer’s internal web site.

  • Multi-year Planning Targets Schedule A may reflect an allocation for the first Funding Year of this Agreement as well as planning targets for up to two additional years, consistent with the term of this Agreement. In such an event, the HSP acknowledges that if it is provided with planning targets, these targets: a. are targets only, b. are provided solely for the purposes of planning, c. are subject to confirmation, and d. may be changed at the discretion of the Funder in consultation with the HSP. The HSP will proactively manage the risks associated with multi-year planning and the potential changes to the planning targets; and the Funder agrees that it will communicate any changes to the planning targets as soon as reasonably possible.

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