Development Properties. Section 5.14 DGCL...........................................................
Development Properties. 18 2.22 EQR Shares of Beneficial Interest................................ 18 2.23 Investment Company Act of 1940................................... 18
Development Properties. Schedule 2.21 of the Wellsford Disclosure Letter lists all agreements entered into by Wellsford or any of the Wellsford Subsidiaries relating to the development or construction of, or additions or expansions to, any real properties which are currently in effect and under which Wellsford or any of the Wellsford Subsidiaries currently has, or expects to incur, an obligation in excess of $250,000. True and correct copies of such agreements have previously been delivered or made available to EQR.
Development Properties. 23 2.23 Investment Company Act of 1940.................................................................23 2.24 Trademarks, Patents and Copyrights.............................................................23 2.25 Insurance......................................................................................24 2.26 Definition of Knowledge of Merry Land..........................................................24 i 3
Development Properties. Schedule 2.22 to the Merry Land Disclosure Letter lists all agreements entered into by Merry Land or any of the Merry Land Subsidiaries relating to the development or construction of, or additions or expansions to, any real properties which are currently in effect.
Development Properties. Schedule 2.22 to the Merry Land Disclosure Letter lists all agreements entered into by Merry Land or any of the Merry Land Subsidiaries relating to the development or construction of, or additions or expansions to, any real properties which are currently in effect. As of the date hereof, Merry Land’s business plan to complete development of Xxxxxxx at Whitemarsh (Phase I) does not contemplate disbursement of funds to complete such development in addition to those provided through the loan for such development disclosed on Schedule 2.18(3) to the Merry Land Disclosure Letter.
Development Properties. At such time as a Development Property is Substantially Complete, TA Operating agrees to sell, and HPT agrees (or will cause HPT-TA Trust Landlord or HPT-TA LLC Landlord) to purchase, such Development Property and any related Intangible Property on the terms and conditions of this Agreement and the Development Property Agreement in the form of Exhibit B-3, in consideration of the payment by HPT of a cash purchase price in an amount equal to TA Parties’ Development Cost and for other good and valuable consideration, provided HPT shall have no obligation to purchase any Development Property that is not Substantially Complete prior to June 30, 2017, and shall have no obligation to expend more than the maximum purchase price designated on Schedule 2 for any Development Property. Upon purchase of a Development Property it will be leased to TA Operating under one of the Amended and Restated TA Leases or the Petro Lease, as determined by HPT, and such lease will be amended to increase minimum rent by an amount equal to 8.5% of the Development Cost (or the maximum purchase price, if applicable) of such Development Property and to reflect the “base year” for calculations or determinations under such lease in respect of such Development Property as the third full calendar year after the calendar year in which such Development Property was opened for business. TA Operating shall keep HPT informed as to the progress of development of the Development Properties and shall provide HPT with such information with respect to the Development Cost of any Development Property as HPT may, from time to time, reasonably request.
Development Properties. EXISTING UNDEVELOPED LAND PROJECTS
1. Hartland Towne Square, Hartland Township, Michigan 2. Lakeland Park Center, Lakeland, Florida
Development Properties. True and correct copies of all financial statements and records relating to each of the properties known as the Windsor Pines, Hollywood Pines and Kirkxxx xxxperties, which properties are more fully described on Exhibit A-1 hereto (the "Development Properties"), or access thereto will be made available to AERC promptly after the execution of this Agreement.
Development Properties. Schedule 7.2.16 contains the budget and development schedule therefor prepared by or for FDC for each of the Development Properties (collectively, the "Development Budget and Schedule"). Except as set forth on Schedule 7.2.16, to FDC's knowledge, each Development Property is zoned for the lawful development and/or redevelopment thereon, and FDC has obtained all permits, licenses, consents and authorizations required for the current stage of development or redevelopment thereon, the absence of which would have a Material Adverse Effect on FDC or the applicable Development Property. Except as set forth on Schedule 7.2.16, to FDC's knowledge, there are no material impediments to or constraints on the development or redevelopment of any Development Property, in all material respects within the time frame and for the cost set forth in the Development Budget and Schedule applicable thereto. In the case of each Development Property, the development or redevelopment of which has commenced, to FDC's knowledge, the costs and expenses incurred in connection with such Development Property and the progress thereof are consistent and in compliance in all material respects with all aspects of the Development Budget and Schedule applicable thereto. To FDC's knowledge, FDC has made available to MAAC all feasibility studies, soil tests, due diligence reports and other studies, test or reports performed by or for FDC or otherwise in the possession of FDC, which relate to the Development Properties.
