Future Development Rights Sample Clauses

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Future Development Rights. For so long as the Contributors beneficially own (directly or indirectly), in the aggregate, more than 5% of the REIT's outstanding securities (assuming the redemption of the Contributors' Units for shares of the REIT's common stock), BNP shall have a right of first refusal to acquire all future multi-family properties developed directly or indirectly by any Contributor, or any Affiliate thereof (a "Development Property") within a three-mile radius of the Property (such development being subject to the prior approval of BNP under Section 4.7 above). The Contributors shall not sell any Development Property without first offering BNP the option to purchase such Development Property on the same terms as offered to a third party. BNP shall have 30 days to decide whether or not to purchase such Development Property on such terms. If BNP declines to exercise this option, the Development Property may be sold within the next 180 days on terms no more favorable than those presented to BNP. If the Development Property is not sold within such 180-day period, BNP will again have a right of first refusal prior to any sale of the Development Property. The decision whether to exercise such 177 option with respect to any Development Property shall be made by the REIT's board of directors on a case-by-case basis with any director that is a Contributor or Affiliated with a Contributor abstaining from such decision. Without limiting the foregoing, on and after the Closing Date, BNP shall have a right of first refusal to acquire any multi-family property developed on the land located adjacent to the Property and designated as "Phase 3" on Schedule 4.8 attached hereto. The Contributors shall not sell or transfer Phase 3 without first offering BNP the option to purchase such Phase on the same terms as offered to a third party. BNP shall have 30 days to decide whether or not to purchase such Phase on such terms. If BNP declines to exercise this option, Phase 3 may be sold within the next 180 days on terms no more favorable than those presented to BNP. If Phase 3 is not sold within such 180-day period, BNP will again have a right of first refusal prior to any sale of Phase 3. The decision whether to exercise such option with respect to Phase 3 shall be made by the REIT's board of directors with any director that is a Contributor or Affiliated with a Contributor abstaining from such decision.
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Future Development Rights. For so long as (i) the Contributors own, in the aggregate, more than 5% of BNP's outstanding securities (on an as converted basis) and/or (ii) at least one director to BNP's board of directors is Affiliated with any Contributor, Boddie-Noell shall have a right of first refusal to acquire all fut▇▇▇ ▇▇▇▇▇-▇▇mily properties developed directly or indirectly by any Contributor, or any Affiliate thereof (a "Development Property"). The Contributors shall not sell any Development Property without first offering Boddie-Noell the option to purchase such Development Property on th▇ ▇▇▇▇ ▇▇▇▇▇ as offered to a third party. Boddie-Noell shall have 30 days to decide whether or not to purchas▇ ▇▇▇▇ ▇▇▇▇▇opment Property on such terms. If Boddie- Noell declines to exercise this option, the Development Pro▇▇▇▇▇ ▇▇▇ ▇▇ sold within the next 120 days on terms no more favorable than those presented to Boddie-Noell. If the Development Property is not sold within such 1▇▇-▇▇▇ ▇▇▇▇▇d, Boddie-Noell will again have a right of first refusal prior to any ▇▇▇▇ ▇▇ ▇▇▇ Development Property. The decision whether to exercise such option with respect to any Development Property shall be made by BNP's board of directors on a case-by-case basis with any director that is a Contributor or Affiliated with an Contributor abstaining from such decision.
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Future Development Rights. Any and all rights to develop Additional Generating Units (other than STP 3 and STP 4) including all rights under the Participation Agreement with respect thereto (the “Future Development Rights”); and
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Related to Future Development Rights

  • 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.

  • Future Developments The Seller continuously monitors technological developments and applies them to Technical Data, document and information systems’ functionalities, production and methods of transmission. The Seller will implement and the Buyer will accept such new developments, it being understood that the Buyer will be informed in due time by the Seller of such new developments and their application and of the date by which the same will be implemented by the Seller.

  • New Developments All ideas, inventions, discoveries, concepts, trade secrets, trademarks, service marks or other developments or improvements, whether patentable or not, conceived by Employee, alone or with others, at any time during the term of Employee’s employment, whether or not during working hours or on Employer’s premises, which are within the scope of or related to the business operations of Employer or its Affiliates (“New Developments”), shall be and remain the exclusive property of Employer. Employee agrees that any New Developments which, within one year after the cessation of employment with Employer, are made, disclosed, reduced to a tangible or written form or description or are reduced to practice by Employee and which are based upon, utilize or incorporate Information shall, as between Employee and Employer, be presumed to have been made during Employee’s employment by Employer. Employee further agrees that Employee will not, during the term of Employee’s employment with Employer, improperly use or disclose any proprietary information or trade secrets of any former employer or other person or entity and that Employee will not bring onto Employer premises any unpublished document or proprietary information belonging to any such employer, person or entity unless consented to in writing by such employer, person or entity. At all times during the term of this Agreement and thereafter, Employee shall do all things reasonably necessary to ensure ownership of such New Developments by Employer, including the execution of documents assigning and transferring to Employer all of Employee’s rights, title and interest in and to such New Developments and the execution of all documents required to enable Employer to file and obtain patents, trademarks, service marks and copyrights in the United States and foreign countries on any of such New Developments.

  • Employee Development The Employer may provide employees the opportunity to participate in appropriate seminars, workshops or short courses. When possible and appropriate the Employer will provide to all staff information on seminars, workshops or short courses by posting a notice on the Employer’s internal web site.

  • Client Rights The Employer and the Union are committed to quality care of clients. It is the right of clients, in the privacy of their home, to choose the employee with whom they feel the most comfortable. The Employer support client rights. If a client wishes to change employees, for any reason, the Employer will respect the right of the client to do so. If a client chooses to change employees, the employee who is being unscheduled shall be eligible for another client(s) or equivalent hours as available. The Employer will make a good faith effort to provide support for a successful employee/client relationship(s). At the discretion of the parties, the Employer and the Union may explore through the Labor Management Committee methods of coaching, counseling or mediation to assist in the resolution of client/worker conflicts to help ensure consistent service delivery with minimal worker reassignment.