DEVELOPMENT AGREEMENT AND LEASE AGREEMENT Sample Clauses

DEVELOPMENT AGREEMENT AND LEASE AGREEMENT. PARTIES Authority Team [City] [County] OBJECTIVE Construct the Facility on the Premises and provide for maintenance and operations of the Facility OWNER Authority TENANT The Team, owns a minor league player development license (PDL) and has a valid player development contract with the San Diego Padres Major League Baseball Club, as private venture participant with the Authority FACILITY PROJECT BUDGET Team shall provide a Facility Project Budget to the Authority (including design, construction, and other Project costs). The Facility Project Budget may be increased from time to time by change order (with evidence of Team’s financial capability) by written notice to Authority SELECTION OF FACILITY PROJECT TEAM Team shall select and contract with a design/architecture/engineering team (Architect) and Contractor Architect and Contractor will agree to the Facility’s SBEDA Plan DESIGN / ENGINEERING OF FACILITY Team will undertake the design, architecture, and engineering of the Facility. 30%, 50%, and final plans and specifications shall be presented to the Authority’s Board for comment; the Team will reserve the right of final approval of the design plans Design costs shall be captured in the Facility Project Budget GUARANTEED MAXIMUM PRICE CONTRACTOR Contractor and Team will establish a GMP/Construction Budget prior to the issuance of the Bonds Construction costs that exceed the GMP/Construction Budget will be paid by the Team CONSTRUCTION OF FACILITY Promptly following the issuance of the Bonds, the Team will commence the construction of the Facility The construction will be substantially complete no later than March 2028, subject to force majeure, in anticipation of Opening Day in April 2028 Construction costs shall be captured in the GMP/Construction Budget City agrees to establish an expedited permitting process for the Facility, to include dedicated assistance with City owned utilities The City, the Authority, and the Team will explore opportunities for fee waivers directly associated with the Facility. OVERSITE City and County may inspect Project site and review Project plans and drawings at times and intervals which will not interfere with ongoing construction INSURANCE operations upon 5 days’ notice. During constructionBuilders Risk PAYMENT AND PERFORMANCE BOND Performance bond in amount of GMP TERM 33 years (Initial Term), with extension periods for up to an additional 50 years (conditions for extensions to be defined) LEASE PAYMENTS $1 million per...
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Related to DEVELOPMENT AGREEMENT AND LEASE AGREEMENT

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Development Agreement As soon as reasonably practicable following the ISO’s selection of a transmission Generator Deactivation Solution, the ISO shall tender to the Developer that proposed the selected transmission Generator Deactivation Solution a draft Development Agreement, with draft appendices completed by the ISO to the extent practicable, for review and completion by the Developer. The draft Development Agreement shall be in the form of the ISO’s Commission-approved Development Agreement for its reliability planning process, which is in Appendix C in Section 31.7 of Attachment Y of the ISO OATT, as amended by the ISO to reflect the Generator Deactivation Process. The ISO and the Developer shall finalize the Development Agreement and appendices as soon as reasonably practicable after the ISO’s tendering of the draft Development Agreement. For purposes of finalizing the Development Agreement, the ISO and Developer shall develop the description and dates for the milestones necessary to develop and construct the selected project by the required in-service date identified in the Generator Deactivation Assessment, including the milestones for obtaining all necessary authorizations. Any milestone that requires action by a Connecting Transmission Owner or Affected System Operator identified pursuant to Attachment P of the ISO OATT to complete must be included as an Advisory Milestone, as that term is defined in the Development Agreement. If the ISO or the Developer determines that negotiations are at an impasse, the ISO may file the Development Agreement in unexecuted form with the Commission on its own, or following the Developer’s request in writing that the agreement be filed unexecuted. If the Development Agreement is executed by both parties, the ISO shall file the agreement with the Commission for its acceptance within ten (10) Business Days after the execution of the Development Agreement by both parties. If the Developer requests that the Development Agreement be filed unexecuted, the ISO shall file the agreement at the Commission within ten (10) Business Days of receipt of the request from the Developer. The ISO will draft, to the extent practicable, the portions of the Development Agreement and appendices that are in dispute and will provide an explanation to the Commission of any matters as to which the parties disagree. The Developer will provide in a separate filing any comments that it has on the unexecuted agreement, including any alternative positions it may have with respect to the disputed provisions. Upon the ISO’s and the Developer’s execution of the Development Agreement or the ISO’s filing of an unexecuted Development Agreement with the Commission, the ISO and the Developer shall perform their respective obligations in accordance with the terms of the Development Agreement that are not in dispute, subject to modification by the Commission. The Connecting Transmission Owner(s) and Affected System Operator(s) that are identified in Attachment P of the ISO OATT in connection with the selected transmission Generator Deactivation Solution shall act in good faith in timely performing their obligations that are required for the Developer to satisfy its obligations under the Development Agreement.

  • MANAGEMENT AGREEMENT AND FRANCHISE AGREEMENT (a) At or prior to the Closing, Seller shall terminate the Existing Management Agreement and the Existing Franchise Agreement, and Seller shall be solely responsible for all claims and liabilities arising thereunder on, prior to or following the Closing Date, except termination or similar fees, which shall be paid by Buyer. Seller shall be responsible for paying all costs related to the termination of the Existing Management Agreement and Buyer shall be responsible for paying all reasonable and actual costs of the Franchisor related to the assignment or termination, as applicable, of the Existing Franchise Agreement. (b) At Closing, Buyer shall enter into the New Management Agreement in the form attached as Exhibit E and the New Franchise Agreement, effective as of the Closing Date, containing terms and conditions acceptable to Buyer (including, without limitation, such terms and conditions as may be required to accommodate Buyer’s and/or Buyer’s Affiliates’ REIT structure). (c) Seller shall use best efforts to promptly provide all information required by the Franchisor in connection with the New Franchise Agreement. Prior to the expiration of the Review Period, Buyer and Franchisor shall agree on the form and substance of the New Franchise Agreement. Except as otherwise provided in this Contract, the New Franchise Agreement shall contain such terms and conditions as are acceptable to Buyer in its sole and absolute discretion.

  • Collaboration Agreement The Collaboration Agreement shall not have been terminated in accordance with its terms and shall be in full force and effect.

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment. 13.2 The Customer shall not enter into any lease agreement that results in the retail purchase of electricity; or the retail sale of electricity from the Customer-owned renewable generation. Notwithstanding this restriction, in the event it is determined by the Florida Public Service Commission that the Customer has entered such an agreement, the Customer shall be in breach of this Interconnection Agreement and the lessor may become subject to the jurisdiction and regulations of the Florida Public Service Commission as a public utility.

  • Supplemental Lease Agreement No 8, dated May 28, 2002, by and between Hub Properties Trust (“Owner/Lessor”) and United States of America (“Government/Lessee”).

  • License Agreement The Trust shall have the non-exclusive right to use the name "Invesco" to designate any current or future series of shares only so long as Invesco Advisers, Inc. serves as investment manager or adviser to the Trust with respect to such series of shares.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Agreement to Lease Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord, according to the terms and conditions set forth herein, the Premises.

  • Rental Agreement All of the Roommates agree to be bound by all of the terms of the Rental Agreement.

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