Developer Entity. On the date of execution hereof, the Developer is a Florida limited liability company. In the event that at any time during the term of this Agreement and any extensions and renewals thereof, the Developer is a corporation or an entity other than a Florida limited liability company, then any references herein to member, membership interest, manager and the like which are applicable to a Florida limited liability company will mean and be changed to the equivalent designation of such term which is appropriate to the nature of the new Developer entity.
Developer Entity. The Developer shall be and remain a business entity chartered in, or qualified to do business in, the State of Texas during the period of designing, developing, constructing, equipping, furnishing, and fully completing the Premises and the Hotel Project Improvements and completing the Project pursuant to the terms hereof.
Developer Entity. On the date of execution hereof, Developer is a Delaware limited partnership. In the event that at any time during the term of this Lease and any extensions and renewals thereof, Developer is a corporation or an entity other than a Delaware limited partnership, then any references herein to member, membership interest, manager and the like which are applicable to a Delaware limited partnership shall mean and be changed to the equivalent designation of such term which is appropriate to the nature of the new Developer entity.
Developer Entity. The principals of the development team are Abode Communities (formerly Los Angeles Community Design Center) and Tenemos que Reclamar y Unidos Salvar La Tierra - South LA (“T.R.U.S.T. South LA”) formerly known as Xxxxxxxx Corridor CLT. The Developer, Xxxxxxxx Corridor Land Company, is an Abode Communities affiliate set up specifically for transactions involving its Land Trust Initiative. The relationship between the Developer and T.R.U.S.T. South LA is governed by a Joint Operating Agreement (“JOA”) which states that T.R.U.S.T. South LA will be the long term land owner of any housing sites and that the Developer will act as developer, executing real estate agreements, entering into escrows, entitling land, and building improvements. Upon close of escrow, the subject land is transferred to T.R.U.S.T. South LA and a long term ground lease is granted back to Developer to facilitate its development of the subject project.
Developer Entity. Developer has not acquired the Property as of the date of this Amendment and will not acquire the Property until and unless all third-party permits, and governmental approvals are obtained on terms agreeable to Developer. Developer shall have no obligation under this Amendment unless and until Developer acquires title to the Property. Subject to the terms herein, the Developer may convey the Property and assign its development rights and obligations to an affiliated entity (“Affiliate”).
Developer Entity. On the date of execution hereof, each entity comprising the Developer is a limited liability company. In the event that at any time during the Term of this Agreement and any extensions and renewals thereof, Developer is a [corporation or an entity other than a limited liability company], then any references herein to member, membership interest, manager and the like which are applicable to a limited liability company shall mean and be changed to the equivalent designation of such term which is appropriate to the nature of the new Developer entity.
