Formation of Development District and Development Corporation Sample Clauses

Formation of Development District and Development Corporation. Pursuant to Buyer's request, Mission has entered into that certain Installment Land Contract dated February 23, 1995 (the "Installment Land Contract") by and among Mission and Xxxxxxx X. Xxxxxxxxxx, Xxxxxx X. Xxxxx, Xxxxxx X.L. English, Xxxxx X. Xxxxxxxxx and Xxxxxx X. Xxxxxxx (collectively, the "First Parcel Electors") for the acquisition of the real property more particularly described therein (the "Directors Parcel"). Subject to the terms and provisions of the Installment Land Contract and this Agreement, Mission agrees that it shall cooperate with Buyer in keeping the Installment Land Contract in effect for a period of one year from the date of this Agreement. Buyer agrees that it shall reimburse Mission for all costs and expenses incurred by Mission in connection with such Installment Land Contract including, but not limited to, premiums paid for a title insurance policy for the Directors Parcel. Buyer acknowledges that the "Directors Parcel" is not located within the First Parcel and that Mission agreed to enter into and obligate itself to convey the Directors Parcel to the First Parcel Electors (as opposed to Buyer) as an accommodation to Buyer in connection with the formation of the Development District and the Development Corporation. In accordance with the foregoing and subject to the terms and provisions hereof, Mission acknowledges and agrees that Buyer, by and through the First Parcel Electors, shall be entitled to commence the formation of the Development District and the Development Corporation.
Sample 1
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Related to Formation of Development District and Development Corporation

  • Research and Development (i) Advice and assistance in relation to research and development of Party B;

  • Business Development Company Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940.

  • Business Development Provide advice and assistance in business growth and development of Party B. 业务发展。对乙方的业务发展提供建议和协助。

  • Status as Business Development Company The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

  • Business Development Company Status The Company, during a period of at least 12 months from the Closing Time, will use its commercially reasonable efforts to maintain its status as a business development company; provided, however, the Company may cease to be, or withdraw its election as, a business development company, with the approval of the board of directors and a vote of stockholders as required by Section 58 of the 1940 Act or any successor provision.

  • Joint Development All inventions, know-how, trade secrets, data or information which result from joint development by the Parties hereto shall be jointly owned by the Parties. The Parties hereby agree to cooperate in good faith in the filing of any and all patent applications in all jurisdictions.

  • Clinical Development (a) Stellartech shall design, develop and construct a Clinical Unit for each of the Thermage Disposable Device and the Thermage Generator, and any required component or subassembly thereof and shall deliver such Clinical Units to Thermage in accordance with the Development Program; (b) Stellartech shall deliver to Thermage such other Deliverables as are contemplated by the Development Program in accordance with the Development Program; and (c) as requested by Thermage and automatically at the conclusion of the Development Program, Stellartech, so long as Thermage is not in breach of its material obligation hereunder, shall deliver in writing to Thermage any and all data and information held by or in the control of Stellartech which is necessary or useful to obtain regulatory approval of the Products in the United States or any foreign country.

  • Creation and Development Fee If the Prospectus related to a Trust specifies a creation and development fee, the Trustee shall, on or immediately after the end of the initial offering period, withdraw from the Capital Account, an amount equal to the unpaid creation and development fee as of such date and credit such amount to a special non-Trust account designated by the Depositor out of which the creation and development fee will be distributed to the Depositor (the "Creation and Development Account"). The creation and development fee is the per unit amount specified in the Prospectus for the Trust.

  • Initial Development Plan Not later than the Effective Date, Licensee shall have provided Merck with an initial Development plan for the Licensed Product in the Field in the Territory, which shall be incorporated as part of this Agreement as Attachment 3.02(a) (as may be amended in accordance with this Agreement, the “Development Plan”). **CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND WILL BE FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A CONFIDENTIAL TREATMENT REQUEST.

  • 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;

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