Development Parcel Sample Clauses

Development Parcel. “Development Parcel” shall mean that certain parcel adjacent to the Land, as depicted on Exhibit D attached hereto, which is more particularly described on Exhibit W attached hereto, which Purchaser shall lease pursuant to the Development Parcel Lease.
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Development Parcel. Notwithstanding anything herein to the contrary and so long as no Event of Default is continuing, in connection with the Development, Borrower shall have the right to (i) grant a non-exclusive access easement (the “Development Access Easement”) in favor of the Development Parcel Owner permitting owners and residents of the Development Parcel to access the Development Access Easement Area in order to access Salem Street from Mill Street, (ii) receive the benefit of the Development Parking Easement (as hereinafter defined), and (iii) comply with any other terms and conditions of the Decision that would not have a material adverse effect on the value, use or operations of the Property or are reasonably approved by Lender (collectively, the “Development Easements”), upon satisfaction of each of the following terms and conditions: (a) No later than thirty (30) days prior to the granting of the Development Easements, Borrower shall deliver to Lender the document granting the Development Easements, which shall include (x) the grant of an exclusive parking easement by the Development Parcel Owner in favor the Property, designating a specific area on the Development Parcel reasonably approved by Lender where no less than twenty-nine (29) parking spaces shall be available for the exclusive use of owners and residents of the Property (the “Development Parking Easement”), (y) a consent and subordination for execution by each mortgagee or other holder of a Lien encumbering the Development Parcel whereby such Person(s) subordinates its Lien to the Development Parking Easement, and (z) a consent and subordination for execution by Lender whereby Lender subordinates the lien of the Security Instrument to the Development Access Easement, all of which shall be in a form satisfactory to Lender and shall contain standard provisions protecting the rights of Lender; (b) Borrower shall provide all other documentation Lender reasonably requires in connection with the Development Access Easement, including, if required by Lender to ensure the Property is not materially and adversely affected by the Development Access Easement, evidence reasonably satisfactory to Lender (which may include a zoning report), and a certificate executed by an officer of Borrower certifying that the Development Access Easement and the Development Parking Easement will not (i) otherwise impair or adversely affect the liens, security interests and other rights of Lender under the Loan Documents, the rights...
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Development Parcel. If Xxxxxx accepts the Development Parcel pursuant to the requirements of Section 3, above, Lessee shall obtain an Exit Environmental Assessment of the Development Parcel within twelve
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Development Parcel shall refer to the real property located in Marion County, Florida, described on attached Exhibit B.
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Development Parcel. Tenant acknowledges and agrees that, subject to the parties reaching the agreements herein provided for, Landlord has the exclusive right to develop additional buildings and other improvements on the land depicted/described in Exhibit ___(the “Development Parcel”). If from time to time, or at anytime, Landlord should desire to undertake any such development, Landlord will provide Tenant with written notice advising Tenant of the extent of the improvements Landlord desires to install. Thereafter, Landlord and Tenant shall cooperate in good faith to reach agreement on (i) the type, nature and scope of such improvements, (ii) any reciprocal access, parking and other easements and joint use and/or operating agreements required or desired in connection with the management and operation of the Development Parcel and the Premises, (iii) Tenant’s right, if any, to lease the completed apartment buildings (if any) that may be constructed by or for Landlord on the Development Parcel, and if so the rental rate therefor, (iv) Tenant’s right, if any, to manage such apartment buildings upon completion, and/or (v) Tenant’s right, if any, to provide corporate housing activities at such apartment buildings, and/or Tenant’s right to prohibit Landlord from providing Extended Stay Services in such apartment buildings through anyone other than Tenant (which rights in this clause (v) shall, at minimum, contain Tenant’s ROFR set forth in Section 21.1 below). Landlord and Tenant will also cooperate in good faith in reaching agreement on Landlord’s access, staging, and other matters relating to the performance of the work so that Landlord will not unreasonably interfere with Tenant’s activities at the Premises or the use and enjoyment of the Premises by the occupants thereof, and on the relocation or replacement of any parking facilities, driveways, accessways and other improvements and
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Development Parcel. If Lessee accepts the Development Parcel pursuant to the requirements of Section 4(a)(2), above, then annual rental payments for the Development Parcel, as established in Subsections 4(a)(2), above, shall be adjusted in accordance with Subsection 4(a)(4) below, commencing on the first day of the fifth (5th) Lease Year and on the first day of each Lease Year thereafter (including any extensions pursuant to Subsection 3(e), below), except for the fourteenth (14th) Lease Year and the twenty- fourth (24th)
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Development Parcel. If Lessee accepts the Development Parcel pursuant to the requirements of Section 3, then the annual rent for the Development Parcel shall be payable commencing on the first day of the fourth (4th) Lease Year. Annual rent for the Development Parcel shall be adjusted in accordance with the construction phasing schedule set forth in Subsection 6(b). Such adjustments are hereinafter referred to as Phase 1 Rent, Phase 2 Rent and Phase 3 Rent, and are as set forth in subparagraphs (i) through (iii) below. Annual rent for the Development Parcel shall also be subject to adjustment as provided in Subsections 4(a)(3) through 4(a)(17), below. (i) Phase 1 Rent shall commence on the first (1st) day of the fourth (4th) Lease Year and the annual rent for the entire Development Parcel shall be established by multiplying the Base SF LM Rent (as defined in Section 4(a)(8), by sixty percent (60%) of the total square footage of the Development Parcel. Such annual rent shall be subject to adjustments as provided in subparagraphs (ii), (iii) and (iv) below and Subsections 4(a)(3) through 4(a)(17), below . The Aviation Department shall send the Lessee written notice of the Base SF LM Rent at least sixty (60) days prior to the commencement of Phase 1 Rent, and such notice shall include a copy of the appraisal(s).
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Related to Development Parcel

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Research Project The findings of any research project, which would change the provisions of this Agreement will not be implemented until such changes are negotiated and agreed to by the parties.

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • Development Work The Support Standards do not include development work either (i) on software not licensed from CentralSquare or (ii) development work for enhancements or features that are outside the documented functionality of the Solutions, except such work as may be specifically purchased and outlined in Exhibit 1. CentralSquare retains all Intellectual Property Rights in development work performed and Customer may request consulting and development work from CentralSquare as a separate billable service.

  • Development of the Project 4.1 TSP's obligations in development of the Project: a. for procuring and maintaining in full force and effect all Consents, Clearances and Permits, required in accordance with Law for development of the Project; b. for financing, constructing, owning and commissioning each of the Element of the Project for the scope of work set out in Schedule 1 of this Agreement in accordance with: i. the Electricity Act and the Rules made thereof; ii. the Grid Code; iii. the CEA Regulations applicable, and as amended from time to time, for Transmission Lines and sub-stations: • the Central Electricity Authority (Technical Standards for Connectivity to the Grid) Regulations, 2007; • Central Electricity Authority (Technical Standards for construction of Electrical Plants and Electric Lines) Regulation, 2010; • Central Electricity Authority (Grid Standard) Regulations, 2010; • Central Electricity Authority (Safety requirements for construction, operation and maintenance of Electrical Plants and Electrical Lines) Regulation, 2011; • Central Electricity Authority (Measures relating to Safety and Electricity Supply) Regulation, 2010; • Central Electricity Authority (Technical Standards for Communication System in Power System Operation) Regulations, 2020. iv. Safety/ security Guidelines laid down by the Government; v. Prudent Utility Practices, relevant Indian Standards and the Law; not later than the Scheduled COD as per Schedule 2 of this Agreement; c. for entering into a Connection Agreement with the concerned parties in accordance with the Grid Code. d. for owning the Project throughout the term of this Agreement free and clear of any encumbrances except those expressly permitted under Article 15 of this Agreement; e. to co-ordinate and liaise with concerned agencies and provide on a timely basis relevant information with regard to the specifications of the Project that may be required for interconnecting the Project with the Interconnection Facilities; f. for providing all assistance to the Arbitrators as they may require for the performance of their duties and responsibilities; g. to provide to the Nodal Agency and CEA, on a monthly basis, progress reports with regard to the Project and its execution (in accordance with prescribed form) to enable the CEA to monitor and co-ordinate the development of the Project matching with the Interconnection Facilities; h. to comply with Ministry of Power order no. 25-11/6/2018 – PG dated 02.07.2020 as well as other Guidelines issued by Govt. of India pertaining to this; i. to procure the products associated with the Transmission System as per provisions of Public Procurement (Preference to Make in India) orders issued by Ministry of Power vide orders No. 11/5/2018 - Coord. dated 28.07.2020 for transmission sector, as amended from time to time read with Department for Promotion of Industry and Internal Trade (DPIIT) orders in this regard (Procuring Entity as defined in above orders shall deemed to have included Selected Bidder and/ or TSP). Also, to comply with Department of Expenditure, Ministry of Finance vide Order (Public Procurement No 1) bearing File No. 6/18/2019- PPD dated 23.07.2020, Order (Public Procurement No 2) bearing File No. 6/18/2019-PPD dated 23.07.2020 and Order (Public Procurement No. 3) bearing File No. 6/18/2019-PPD, dated 24.07.2020, as amended from time to time, regarding public procurement from a bidder of a country, which shares land border with India; j. to submit to Nodal Agency information in the prescribed format [To be devised by Nodal Agency] for ensuring compliance to Article 4.1 i) above. k. to comply with all its obligations undertaken in this Agreement. 4.2 Roles of the Nodal Agency in implementation of the Project: 4.2.1 Subject to the terms and conditions of this Agreement, the Nodal Agency shall be the holder and administrator of this Agreement and shall inter alia: a. appoint an Independent Engineer within 90 days of the Effective Date b. provide letters of recommendation to the concerned Indian Governmental Instrumentality, as may be requested by the TSP from time to time, for obtaining the Consents, Clearances and Permits required for the Project; c. coordinate among TSP and upstream/downstream entities in respect of Interconnection Facilities; and d. monitor the implementation of the Agreement and take appropriate action for breach thereof including revocation of guarantees, cancellation of Agreement, blacklisting etc e. provide all assistance to the Arbitrators as required for the performance of their duties and responsibilities; and f. perform any other responsibility (ies) as specified in this Agreement.

  • Development Diligence Pfizer will use Commercially Reasonable Efforts to Develop (including to seek Regulatory Approval for) at least one (1) Licensed Product in one (1) Major Market Country for each Research Project Target for which Pfizer exercises its Option. Except as provided in Section 2.2 and this Section 3.2.1, Pfizer will have no other diligence obligations with respect to the Development or Regulatory Approval of Licensed Products under this Agreement. For avoidance of doubt, any actions taken by Pfizer’s Affiliates or Sublicensees under this Agreement shall be treated as actions taken by Pfizer in regard to satisfaction of the requirements of this Section 3.2.1.

  • Development Rights The Employee agrees and declares that all proprietary information including but not limited to trade secrets, know-how, patents and other rights in connection therewith developed by or with the contribution of Employee's efforts during his employment with the Company shall be the sole property of the Company. Upon the Company's request (whenever made), Employee shall execute and assign to the Company all the rights in the proprietary information.

  • 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;

  • Development Plans Customer has provided Provider with a report attached hereto as Exhibit D (the “Current Development Plan”) describing in detail, as of January 1, 2017, the planned development, drilling, production, processing, treating, marketing and other activities to take place with respect to Dedicated Production and Customer Injected NGLs for the applicable Development Period. The information contained in the Current Development Plan is, with respect to the first three Years covered by the Current Development Plan, on a Quarter-by-Quarter basis, and with respect to the remaining Years covered by the Current Development Plan, on a Year-by-Year basis. The Current Development Plan attached hereto has been approved by the Parties. (a) From time to time during each Year of the Term, the Parties shall meet to discuss the planned development, drilling, production, processing, treating, marketing and other activities that Customer expects to take place with respect to Dedicated Production and Customer Injected NGLs for the then-applicable Development Period. Customer and Provider shall each make their respective representatives available to participate in such meetings and discussions. No later than August 1 of each such Year, Customer shall provide (or cause to be provided) to Provider a proposed update of the then-currently agreed Development Plan, prepared on the same basis as the Current Development Plan and describing in detail the planned development, drilling, production, processing, treating, marketing and other activities to take place with respect to Dedicated Production and Customer Injected NGLs for the then-applicable Development Period (any such update, an “Updated Development Plan” and, together with the Current Development Plan, each, a “Development Plan”). (b) Each proposed Development Plan shall include information as to the following, in each case, broken out, with respect to the first three Years covered by such Development Plan, on a Quarter-by-Quarter basis, and, with respect to the remaining Years covered by such Development Plan, on a Year-by-Year basis: (i) forward-looking production estimates for the applicable time period covered by such Development Plan for all Customer Gas and Customer Injected NGLs (A) that Customer reasonably and in good faith believes will become owned or Controlled by Customer during the time period covered by such Development Plan, and/or (B) that will be produced from (I) in the aggregate, all Xxxxx then-existing and (II) in the aggregate, all Xxxxx that are expected to be drilled during the time period covered by such Development Plan (each such Well reflected in such Development Plan, a “Planned Well” and, such collective estimates described in subsections (A) and (B), both with respect to a particular Quarter and an entire Year, the “Dedicated Production Estimates”); TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**). (ii) (A) each new receipt point (including the location thereof) proposed by Customer with respect to the Dedicated Production Estimate reflected in such Development Plan (each such receipt point, a “Planned Receipt Point”), (B) each Receipt Point at which Customer expects to Tender Customer Gas or Customer Injected NGLs reflected in such Development Plan into the TGP System, and (C) the estimated portion of the Dedicated Production Estimate contained in such Development Plan that Customer expects to Tender at each such Receipt Point and Planned Receipt Point; (iii) (A) each new delivery point (including the location thereof) proposed by Customer with respect to the Dedication Production Estimate reflected in such Development Plan (each such delivery point, a “Planned Delivery Point”), (B) each Delivery Point at which Customer expects to Nominate Customer Residue Gas or Customer NGLs produced from the Dedicated Production Estimate reflected in such Development Plan to be redelivered to Customer, and (C) the estimated volumes of Customer Residue Gas and Customer NGLs produced from the Dedication Production Estimate contained in such Development Plan that Customer expects to Nominate to each such Delivery Point; (iv) the earliest date on which each Planned Receipt Point and Planned Delivery Point included in the Development Plan is required by Customer to be placed into service, which date shall not be earlier than three Months after the January 1st that is immediately subsequent to the date that the Development Plan that initially reflected such Planned Receipt Point or Planned Delivery Point was delivered to Provider hereunder; (v) the anticipated characteristics of the production from the Xxxxx and Planned Xxxxx reflected in such Development Plan (including liquids content and gas and liquids composition) and the projected production volumes and production pressures applicable thereto; provided that Customer may utilize the existing and historical production information from similarly situated Xxxxx; (vi) any (A) proposed revision to the then-existing Dedicated Area and/or any then-existing Dedicated Contract and/or (B) any new contract that Customer proposes to be a Dedicated Contract; and (vii) other information reasonably requested by Provider that is relevant to the design, construction, and operation of the TGP System, including (A) any applicable Plant Expansion or Facilities Modification proposed by Customer, (B) the relevant Receipt Point and Planned Receipt Point facilities applicable to such Development Plan, and (C) the relevant Delivery Point and Planned Delivery Point facilities applicable to such Development Plan. TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**).