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

  • 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;

  • 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.

  • 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.