Approvals/Entitlements Sample Clauses

Approvals/Entitlements. Following the expiration of the Study Period (provided that USH does not cancel this Agreement on or before the Study Period as provided herein), SCC shall proceed to obtain approval of all subdivision, zoning and preliminary plan engineering for the Project from the applicable governmental authorities, and shall also seek final engineering approval and permits for the first phase of the Project, consisting of approximately 100 home sites (collectively, the "Approvals"). All documented, out-of-pocket costs incurred by SCC in obtaining the Approvals following the expiration of the Study Period and prior to the LLC's acquisition thereof (collectively, the "Approvals Costs"), shall be paid in full by USH by way of disbursements of the Deposit as provided herein. SCC shall pay any of the Approval Costs by any amount by which the same exceed the full amount of the Deposit (subject to reimbursement by the LLC out of its cash flow prior to the distribution of profits to either party). The Deposit paid by USH and applied to the Approvals Costs, and any sums paid by SCC for the Approvals Costs shall be reimbursed to USH and SCC, respectively, out of the cash flow of the LLC as it sells Lots on a pro rata basis, and prior to the distribution of any profits or revenues to the parties from the sale of Lots by the LLC. The Deposit and any such sums paid by SCC for the Approvals Costs shall bear interest at the rate of six percent (6%) per annum (which interest shall be paid by the LLC along with the reimbursement of said sums as aforesaid) from the date contributed to thc LLC and/or paid for the Approvals Costs until the date repaid. Such interest carry shall be repaid by the LLC to the respective parties prior to the disbursement of any profits or revenue to the parties by the LLC from the sale of Lots. At Closing, ownership of all such Approvals, and the engineering work related to such Approvals, shall be transferred to and thereafter owned by the LLC. It is understood and agreed that, because the Approvals will impact the Project well after Closing, it is critical to both USH and SCC that USH approve the terms and conditions of such Approvals, which approval shall not unreasonably be withheld, conditioned or delayed. The process for SCC to obtain approval from USH as set forth above shall be as follows:
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Approvals/Entitlements. To the extent not theretofore received and approved by Lessor and to the extent of a material change not permitted herein without approval, Lessor shall have received and approved (A) the Plans; (B) all Construction Contracts with the General Contractor, the Architect and any other subcontractor or material supplier that may be requested by Lessor; and (C) all authorizations and permits required by any Governmental Authority for the construction/performance of the Capital Projects, including building and grading permits, a foundation letter (if applicable) and such other authorizations and permits as are required for the use and operation of the Facility (including the 32-Unit Capital Addition Project) for its Primary Intended Use, which are presently procurable. In addition, Lessor shall have received agreements from the Architect, the General Contractor and each Major Subcontractor in the forms of Exhibits F, G and H attached hereto, respectively.
Sample 1
Approvals/Entitlements. To the extent not theretofore received and ---------------------- approved by Landlord and to the extent of a material change not permitted herein without approval, Landlord shall have received and approved (i) the Capital Renovation Plans; (ii) the Capital Renovation Project Budget(s); (iii) all Construction Contracts with any General Contractor, any Architect and any other contractor or material supplier that may be requested by Xxxxxxxx; and (iv) all authorizations and permits required by any Governmental Authority for the construction/performance of the Capital Renovation Project, including building and grading permits, a foundation letter (if applicable to the Capital Renovation Project) and such other authorizations and permits as are required for the use and operation of the Facility for its Primary Intended Use, which are presently procurable. (b)
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Approvals/Entitlements. To the extent not theretofore received and approved by Landlord and to the extent of a material change not permitted herein without approval, Landlord shall have received and approved (i) the 2002 Project Plans; (ii) the 2002 Project Budget(s); (iii) all Construction Contracts with any General Contractor, any Architect and any Major Subcontractor that may be requested by Landlord; and (iv) all authorizations and permits required by any Governmental Authority for the construction/performance of the 2002 Project, including building and grading permits, a foundation letter (if applicable to the 2002 Project) and such other authorizations and permits as are required for the use and operation of the Facility for its Primary Intended Use, to the extent then procurable.
Sample 1
Approvals/Entitlements. To the extent not theretofore received and approved by Lessor and to the extent of a material change not permitted herein without approval, Lessor shall have received and approved, which such approval by Lessor shall not be unreasonably withheld or unduly delayed, (i) the Capital Addition Plans; (ii) the Capital Addition Project Budget(s); (iii) all Construction Contracts with any General Contractor, any Architect and any other contractor or material supplier that may be reasonably requested by Lessor; and (iv) all authorizations and permits required by any Governmental Authority or third party (including, if applicable, by the ground lessor under each Ground Lease) for the construction/performance of the Capital Addition Project, including building and grading permits, a foundation letter (if applicable to the Capital Addition Project) and such other authorizations and permits as are required for the use and operation of the Xxxxxxx Lake Lodge Facility for its Primary Intended Use, which are presently procurable. Lessor's approval of the Construction Contracts may be conditioned upon Lessor's review of competing bids for work proposed to be performed by the General Contractor, Architect and any other subcontractor or material supplier.
Sample 1
Approvals/Entitlements. To the extent not theretofore received and approved by Lessor and to the extent of a material change not permitted herein without approval, Lessor shall have received and approved (A) the Plans and Project Budget for a Capital Project; and (B) all Project Contracts with the general contractor selected by Lessee and reasonably approved by Lessor, the Architect and any other subcontractor or material supplier that may be reasonably requested by Lessor. In addition, Lessee shall have received and delivered to Lessor copies of all authorizations and permits required by any Governmental Authority for the construction/performance of such Capital Project, including building and grading permits, a foundation letter (if applicable) and such other authorizations and permits as are required for the work to be performed in connection with such Capital Project which are then procurable.
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Related to Approvals/Entitlements

  • Approvals, Etc The Insurer has received true and correct copies of all approvals, licenses and consents, if any, required in connection with the Transaction;

  • Approvals and Notifications To the extent that the transfer or assignment of any Asset, the assumption of any Liability, the Separation, or the Distributions require any Approvals or Notifications, the Parties shall use their commercially reasonable efforts to obtain or make such Approvals or Notifications as soon as reasonably practicable; provided, however, that, except to the extent expressly provided in this Agreement or any of the Ancillary Agreements or as otherwise agreed between UTC, Carrier and Otis, none of UTC, Carrier or Otis shall be obligated to contribute capital or pay any consideration in any form (including providing any letter of credit, guaranty or other financial accommodation or agreeing to amended contract terms) to any Person in order to obtain or make such Approvals or Notifications.

  • Governmental Approvals, etc No authorization or approval or other action by, and no notice to or filing with, any governmental authority is required for the grant by the Company of the security interest granted hereby or the due execution, delivery or performance by the Company of this Agreement other than (i) filings and recordings in respect of the Liens created hereunder, (ii) those that have been, or on the date of this Agreement will be, duly obtained or made and will be in full force and effect, (iii) those required under applicable securities laws in connection with a disposition of Collateral and (iv) those necessary in connection with any transaction contemplated by Section 4(k) hereof.

  • Approvals and Consents All Governmental Actions of all Governmental Authorities required with respect to the transactions contemplated by the Transaction Documents, the Note and the documents related thereto shall have been obtained or made.

  • Consents, Licenses, Approvals, etc Lender shall have received copies of all consents, licenses and approvals, if any, required in connection with the execution, delivery and performance by Borrower, and the validity and enforceability, of the Loan Documents, and such consents, licenses and approvals shall be in full force and effect.

  • Consents, Approvals, Etc No consent, approval, authorization, filing with or order of any court or governmental agency or body is required in connection with the transactions contemplated herein or in the Trust Agreement, the Warrant Agreement, the Securities Subscription Agreement, the Private Placement Warrants Purchase Agreement, the Registration Rights Agreement, or the Insider Letter, except for the registration under the Act and the Exchange Act of the Securities, and such as may be required under the state securities or blue sky laws of any jurisdiction in connection with the purchase and distribution of the Securities by the Underwriters in the manner contemplated herein and in the Registration Statement, Statutory Prospectus and the Prospectus.

  • Approvals; Consents Use its best efforts to obtain in writing as promptly as possible any approvals and consents as required to be obtained by Purchaser in order to effectuate the transactions contemplated hereby and deliver to Purchaser copies of such approvals and consents. Accordingly, Purchaser take all reasonable action to obtain the necessary licenses to operate the Facility from the Department of Welfare and the Department of Health, as applicable, including:

  • Consents, Approvals and Requests Unless otherwise specified in this Agreement, all consents and approvals, acceptances or similar actions to be given by either Party under this Agreement shall not be unreasonably withheld or delayed and each Party shall make only reasonable requests under this Agreement.

  • Governmental Approvals; Consents Except as described in Schedule -------------------------------- -------- 4.3(c), the execution, delivery and performance of this Agreement, the Xenon 2 ------ Merger Agreement, the Voting Agreement, the Option Agreement and the Implementing Agreements by Xoom, Xenon 2 and each of their respective Subsidiaries and the consummation by such party of the transactions contemplated hereby and thereby will not (i) conflict with or result in a breach of any provision of the certificate of incorporation or bylaws or other governing documents of Xoom, Xenon 2 or their respective Subsidiaries; (ii) require any consent, approval, authorization or permit of, or filing with or notification to, any Governmental Authority; (iii) require the consent or approval of any Person (other than a Governmental Authority) or violate or conflict with, or result in a breach of any provision of, constitute a default (or an event which with notice or lapse of time or both would become a default) or give to any third party any right of termination, cancellation, amendment or acceleration under, or result in the creation of a Lien on any of the assets of Xoom, Xenon 2 or any of their respective Subsidiaries under, any of the terms, conditions or provisions of any contract or license to which Xoom, Xenon 2 or any of their respective Subsidiaries is a party or by which it or its assets or property are bound; or (iv) violate or conflict with any order, writ, injunction, decree, statute, rule or regulation applicable to Xoom, Xenon 2 or any of their respective Subsidiaries; other than any consents, approvals, authorizations and permits the failure of which to obtain and any violations, conflicts, breaches defaults and other matters set forth pursuant to clauses (ii), (iii) and (iv) above which, individual ly or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

  • Governmental Approvals and Consents (a) Each party hereto shall, as promptly as possible, (i) make, or cause or be made, all filings and submissions required under any Law applicable to such party or any of its Affiliates; and (ii) use reasonable best efforts to obtain, or cause to be obtained, all consents, authorizations, orders and approvals from all Governmental Authorities that may be or become necessary for its execution and delivery of this Agreement and the performance of its obligations pursuant to this Agreement and the Ancillary Documents. Each party shall cooperate fully with the other party and its Affiliates in promptly seeking to obtain all such consents, authorizations, orders and approvals. The parties hereto shall not willfully take any action that will have the effect of delaying, impairing or impeding the receipt of any required consents, authorizations, orders and approvals.

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