Initial Projects. The Parties acknowledge that Project Details concerning the Initial Projects (if any) will be agreed and entered into contemporaneously with this agreement (including Third Party Project Agreements in the event of third party participation).
Initial Projects. As long as an Initial Project is owned, directly or indirectly, by the Borrower, own, or procure that a wholly owned Subsidiary of the Borrower (other than an Unrestricted Subsidiary) will own, such Project.
Initial Projects. Review of Client’s current real estate portfolio in the context of the Real Estate Strategic Plan: Objectives, Polices and Procedures, strategy, asset allocation, manager structure and risk/return objectives including but not limited to the following:
Initial Projects. Beginning on the Effective Date, MedPharm and Virpax shall negotiate the terms of a Definitive License Agreement with respect to the Virpax Molecule [**] (to be combined with Licensed Intellectual Property) in good faith with a goal, but not an obligation, to have an executed Definitive Licence Agreement in place within forty-five (45) days of the Effective Date. The Definitive License Agreement for [**] will include the terms in Appendix C and such other terms not inconsistent therewith agreed upon between the Parties. Virpax shall not be responsible for any Fees or Pass-Through Expenses in connection with the formulation of [**], which was completed prior to the Effective Date. The Definitive License Agreement for [**] will serve as a template for any future Definitive License Agreements entered into between MedPharm and Virpax in connection with this Agreement. MedPharm shall, upon Virpax’s request, provide a Quotation for a Project involving [**] within thirty (30) days of the Effective Date of this Agreement.
Initial Projects. As of the date hereof, the Administrative ---------------- Agent and the Lenders have accepted the Properties listed on Schedule 2.12 as -------- ---- Projects for the purposes of the Borrowing Base as of the Closing Date, provided -------- that the parties acknowledge and agree that: (a) Borrower owns only a ground ---- interest in the Media City Center Project, (b) the Media City Center Project is partially enclosed and (c) the PML for the Media City Center Project is greater than 20%.
Initial Projects. As of the date hereof, the Administrative Agent and the Lenders have accepted the Properties listed on Schedule 2.12 as Projects for the purposes of the Borrowing Base as of the Closing Date, provided that the parties acknowledge and agree that: (a) Borrower owns only a ground leasehold interest in the Media City Center Project, (b) the Media City Center Project is partially enclosed, (c) the PML for the Media City Center Project is greater than 20% and (d) the Wal-Mart at the Baldwin Hills Mall is a single-tenant retail store.
Initial Projects. Before the Initial Meeting, EDS and Del Monte will each develop a list of potential Consortium projects. At the Initial Meeting, the parties will compile and expand the list of potential projects. Within 60 days after the Initial Meeting, Del Monte will provide EDS with a preliminary analysis of the relative priority of the potential projects from Del Monte's perspective and EDS will provide Del Monte with a preliminary estimate of the time and the costs associated with each potential project including identification of variable factors and the impact of various assumptions regarding the membership of the Consortium on such factors. The parties will prepare a revised list of potential projects and time and costs estimates for such projects for presentation at the first meeting of the Board. The Board will request further information regarding the potential projects, as the Board deems necessary and will select the initial project(s) and establish the timing for commencement and completion of such projects.
Initial Projects. Schedule I to the Business Plan shall be deemed to constitute a Project Submittal Tranche as of the Closing Date and this Agreement shall serve as written notice thereof for all purposes of this Agreement.
Initial Projects. (a) From and after the date of this Agreement until December 31, 2013 (the “Outside Date”), the General Partner and the Limited Partner, in each case on behalf of the Partnership, shall jointly work in good faith using commercially reasonable efforts to cause the Partnership to acquire all of the Initial Projects at the same time through one or more New Ventures in accordance with the terms and provisions of this Agreement, including, without limitation, Article 3 hereof, except that (x) each such Initial Project shall be acquired through each such New Venture for the actual costs that have been incurred by BHMF REIT or its Affiliates, as set forth in the Contribution Agreement, and (y) all of the Initial Projects shall be acquired by the Partnership through a New Venture at the same time. At least ten (10) Business Days prior to the concurrent acquisition of all Initial Projects through one or more New Ventures, BHMF GP shall prepare and deliver to PGGM PRE Fund a Notice of Commitment with respect to each such Initial Project. Concurrently with the Partnership’s acquisition of all Initial Projects through New Ventures at the same time in accordance with this Section 7.6(a), the Partnership shall pay BHMF GP in cash the Premium applicable to each such Initial Project. All costs and expenses of acquiring each Initial Project through a New Venture in accordance with this Section 7.6(a) shall be paid or reimbursed by the New Venture acquiring such Initial Project and shall be allocated forty‑five percent (45%) to the Partnership and fifty‑five percent (55%) to the Affiliate of BHMF REIT or the BHMF REIT Venture, that is a party to such New Venture.
Initial Projects. Under this Agreement, VPRA shall provide VPRA-Supplied Funding in support of the Initial Projects in amounts not to exceed the Initial VPRA Funding Commitments. With respect to each Initial Project not already commenced prior to the date of this Agreement, the Parties will enter into a Project-specific addendum to this Agreement (each a “Capital Project Addendum”) establishing the Initial Project’s scope, budget, schedule, the requirements for the Commissions to access the applicable VPRA-Supplied Funding, and any other items deemed necessary by the Parties.
