MANAGEMENT OF THE DEVELOPMENT Sample Clauses

MANAGEMENT OF THE DEVELOPMENT. The Developer shall maintain the Development in good physical condition in accordance with the Subsidizing Agency’s requirements and standards and the requirements and standards of the Mortgage and any applicable Housing Subsidy Program. The Developer shall provide for the management of the Development in a manner that is consistent with accepted practices and industry standards for the management of multi-family market rate rental housing. Notwithstanding the foregoing, the Subsidizing Agency shall have no obligation hereunder, expressed or implied, to monitor or enforce any such standards or requirements and, further, the Subsidizing Agency has not reviewed nor approved the Plans and Specifications for compliance with federal, state or local codes or other laws.
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MANAGEMENT OF THE DEVELOPMENT. The Lessee is notified about, accept and will be not against that this condominium development will get a hotel license and will be operated as a hotel by the management company or other assigned company or hotel brand during next 15 years.
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MANAGEMENT OF THE DEVELOPMENT. 3.1 The Developer shall afford access to the Site at all reasonable times to the Planning Conditions Monitoring Officer (and / or to their nominees) and shall allow them to observe work in progress and record items of interest and finds, subject to complying with the Developer's reasonable health and safety requirements at all times. 3.2 Notification of the Commencement of the Development shall be given by the Developer to the Planning Conditions Monitoring Officer in writing not less than 14 days in advance. 3.3 Monthly throughout the period from the Commencement of Development until the Site compounds have been reinstated in accordance with the conditions of the Development Permission, the Developer shall send to the Planning Conditions Monitoring Officer written notification of the proposed programme of works for the following four weeks (or for such other period as the Comhairle require). 3.4 The remit of the Planning Conditions Monitoring Officer shall include a duty to promptly review the programme or methods of working and to refer any concerns they may have to the Developer and the Comhairle. 3.5 The Planning Conditions Monitoring Officer shall have authority to discharge the planning conditions on receipt of applications from the Developer and upon being satisfied, acting reasonably, that the conditions have been purified, and shall respond to any requests to discharge conditions promptly and efficiently. 3.6 The Developer must undertake any works recommended by the Planning Conditions Monitoring Officer if reasonably required to do so by the Comhairle.
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MANAGEMENT OF THE DEVELOPMENT. 13.1 The COMPANY shall appoint KRG Key Developments (Pty) Ltd as the Development Coordinator, which appointment has been secured by a separate agreement entered into between the COMPANY and KRG Key Developments (Pty) Ltd. KRG Key Developments (Pty) Ltd shall manage the day to day operations of the COMPANY, subject always to the direction and instruction that may be given from time to time, by the BOARD. 13.2 KRG Key Developments (Pty) Ltd shall ensure: 13.2.1 that the entire "Development'' process, including, but not limited to, the purchase of the PROPERTY, the development and approval process, the procurement and construction process, transfer of the units in the DEVELOPMENT to the SHAREHOLDERS and the deregistration of the COMPANY is carried out in a good, proper and professional manner for the mutual benefit of the SHAREHOLDERS 13.2.2 that a detailed account of all expenditure incurred by the COMPANY, in the form and with the content from time to time required by the BOARD, is presented to the BOARD for consideration, at the BOARD meetings referred to in 8.1 that as soon as possible after the completion of construction of the DEVELOPMENT the units are transferred into the names of the respective SHAREHOLDERS, the Development Bond is cancelled and any surplus loan accounts In the COMPANY (after payment of all its debts) are refunded to SHAREHOLDERS in proportion to the SHARE RATIO; and 13.2.3 that within 90 days of the issue of the Certificate of Final Completion of the Works or as soon as possible thereafter and provided that the provisions of paragraph 13.2.2 have been complied with, a process be set in place to deregister the COMPANY; 13.2.4 that the audited consolidated financial statements of the COMPANY, signed without qualification by the COMPANY'S auditors, are presented to the BOARD for consideration within not more than 90 days after the completion of the project each financial year; 13.2.5 that the COMPANY is managed in a sound, lawful and businesslike way; 13.2.6 that the Body Corporate of the DEVELOPMENT is constituted and fully operational; and 13.2.7 that all other tasks normally carried out by a "Development Coordinator" in achieving a successful development are timeously initiated in order to ensure maximum mutual benefit to all of the SHAREHOLDERS. KRG Key Developments (Pty) Ltd shall only be responsible for all development function issues within its direct control and shall not be required to assume overall development risk which shal...
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MANAGEMENT OF THE DEVELOPMENT. Borrower shall maintain the Development in good physical and financial condition in accordance with the Agency’s requirements and standards and the requirements and standards of any applicable Housing Subsidy Program. Borrower shall provide for the management of the Development in a manner reasonably satisfactory to the Agency and consistent with accepted practices and industry standards for the management of multi-family market rate rental housing. Furthermore, Borrower shall at all times use its best efforts to ensure that all management services are performed as efficiently and effectively as possible in a manner that, consistent with the requirements of any applicable Housing Subsidy Program, maximizes the Development's "Net Operating Income," as such term is defined by the Agency, provided that nothing herein shall require Borrower to fail to provide necessary resident services or to compromise the physical integrity and long term viability of the Development.
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MANAGEMENT OF THE DEVELOPMENT. (a) Owner will maintain the Development in good physical and financial condition in accordance with the requirements and standards of MassHousing and of any applicable Housing Subsidy Program. Owner will provide for the management of the Development in a manner that is consistent with accepted practices and industry standards for the management of multifamily rental housing. (b) Owner will ensure that any management agreement for the Development contains the following provision: “This Management Agreement is subject to termination by MassHousing, upon ninety (90) days’ written notice to HUD and Owner, if (1) the management agent fails to use its reasonable best efforts to rent the Affordable Units to Low-Income Persons and Families (as set forth in the MassHousing Regulatory Agreement and Disposition Agreement, and in accordance with the procedures set forth in the Tenant Selection Plan), or (2) the Development is not kept in a decent, safe and sanitary condition, unless (in either instance) before the expiration of such 90-day period, either (a) the Owner demonstrates that the problems identified in MassHousing’s notice have been cured or (b) HUD directs MassHousing not to so terminate or commences action to bring about cure. MassHousing is an intended third-party beneficiary of this provision and shall be entitled to enforce it at law or in equity.”
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MANAGEMENT OF THE DEVELOPMENT. Developer shall maintain the Development in good physical condition in accordance with DHCD’s requirements and standards and the requirements and standards of the Lender ordinary wear and tear and casualty excepted. Developer shall provide for the management of the Development in a manner that is consistent with accepted practices and industry standards for the management of multi-family market rate rental housing. Notwithstanding the foregoing, DHCD shall have no obligation hereunder, expressed or implied, to monitor or enforce any such standards or requirements and, further, DHCD has not reviewed nor approved the Plans and Specifications for compliance with federal, state or local codes or other laws.
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MANAGEMENT OF THE DEVELOPMENT 
Sample 1

Related to MANAGEMENT OF THE DEVELOPMENT

  • Independent Development Receiving Party may currently or in the future be developing information internally, or receiving information internally, or receiving information from other parties that may be similar to the Disclosing Party's Confidential Information. Accordingly, nothing in this Agreement will be construed as a representation or inference that Receiving Party will not develop or have developed products or services, that, without violation of this Agreement, might compete with the products or systems contemplated by the Disclosing Party's Confidential Information.

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement. a. Develop a Work Breakdown Structure (WBS) for each project. b. Evaluate Scope Statement to develop a preliminary cost estimate and determinate whether project be vendor bid or be executed under a Job Order Contract (JOC).

  • 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.

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Staff Development ‌ The County and the Association agree that the County retains full authority to determine training needs, resources that can be made available, and the method of payment for training authorized by the County. Nothing in this subsection shall preclude the right of an employee to request specific training.

  • MANAGEMENT OF EVALUATION OUTCOMES 12.1 Where the Employer is, any time during the Employee’s employment, not satisfied with the Employee’s performance with respect to any matter dealt with in this Agreement, the Employer will give notice to the Employee to attend a meeting; 12.2 The Employee will have the opportunity at the meeting to satisfy the Employer of the measures being taken to ensure that his performance becomes satisfactory and any programme, including any dates, for implementing these measures; 12.3 Where there is a dispute or difference as to the performance of the Employee under this Agreement, the Parties will confer with a view to resolving the dispute or difference; and 12.4 In the case of unacceptable performance, the Employer shall – 12.4.1 Provide systematic remedial or developmental support to assist the Employee to improve his performance; and 12.4.2 After appropriate performance counselling and having provided the necessary guidance and/or support as well as reasonable time for improvement in performance, the Employer may consider steps to terminate the contract of employment of the Employee on grounds of unfitness or incapacity to carry out his or her duties.

  • MANAGEMENT OF THE BUSINESS Pursuant to Section 00-00-000 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Member. The Member is responsible for the daily operations of the business.

  • Management of the Partnership (a) Except as otherwise expressly provided in this Agreement, the General Partner shall have full, complete and exclusive discretion to manage and control the business of the Partnership for the purposes herein stated, and shall make all decisions affecting the business and assets of the Partnership. Subject to the restrictions specifically contained in this Agreement, the powers of the General Partner shall include, without limitation, the authority to take the following actions on behalf of the Partnership: (i) to acquire, purchase, own, operate, lease and dispose of any real property and any other property or assets including, but not limited to notes and mortgages, that the General Partner determines are necessary or appropriate or in the best interests of the business of the Partnership; (ii) to construct buildings and make other improvements on the properties owned or leased by the Partnership; (iii) to authorize, issue, sell, redeem or otherwise purchase any Partnership Interests or any securities (including secured and unsecured debt obligations of the Partnership, debt obligations of the Partnership convertible into any class or series of Partnership Interests, or options, rights, warrants or appreciation rights relating to any Partnership Interests) of the Partnership; (iv) to borrow or lend money for the Partnership, issue or receive evidences of indebtedness in connection therewith, refinance, increase the amount of, modify, amend or change the terms of, or extend the time for the payment of, any such indebtedness, and secure such indebtedness by mortgage, deed of trust, pledge or other lien on the Partnership’s assets; (v) to pay, either directly or by reimbursement, for all Administrative Expenses to third parties or to the General Partner or its Affiliates as set forth in this Agreement; (vi) to guarantee or become a co-maker of indebtedness of the General Partner or any Subsidiary thereof, refinance, increase the amount of, modify, amend or change the terms of, or extend the time for the payment of, any such guarantee or indebtedness, and secure such guarantee or indebtedness by mortgage, deed of trust, pledge or other lien on the Partnership’s assets; (vii) to use assets of the Partnership (including, without limitation, cash on hand) for any purpose consistent with this Agreement, including, without limitation, payment, either directly or by reimbursement, of all Administrative Expenses of the General Partner, the Partnership or any Subsidiary of either, to third parties or to the General Partner as set forth in this Agreement; (viii) to lease all or any portion of any of the Partnership’s assets, whether or not the terms of such leases extend beyond the termination date of the Partnership and whether or not any portion of the Partnership’s assets so leased are to be occupied by the lessee, or, in turn, subleased in whole or in part to others, for such consideration and on such terms as the General Partner may determine; (ix) to prosecute, defend, arbitrate, or compromise any and all claims or liabilities in favor of or against the Partnership, on such terms and in such manner as the General Partner may reasonably determine, and similarly to prosecute, settle or defend litigation with respect to the Partners, the Partnership, or the Partnership’s assets; (x) to file applications, communicate, and otherwise deal with any and all governmental agencies having jurisdiction over, or in any way affecting, the Partnership’s assets or any other aspect of the Partnership business; (xi) to make or revoke any election permitted or required of the Partnership by any taxing authority; (xii) to maintain such insurance coverage for public liability, fire and casualty, and any and all other insurance for the protection of the Partnership, for the conservation of Partnership assets, or for any other purpose convenient or beneficial to the Partnership, in such amounts and such types, as it shall determine from time to time; (xiii) to determine whether or not to apply any insurance proceeds for any property to the restoration of such property or to distribute the same; (xiv) to establish one or more divisions of the Partnership, to hire and dismiss employees of the Partnership or any division of the Partnership, and to retain legal counsel, accountants, consultants, real estate brokers, and such other persons, as the General Partner may deem necessary or appropriate in connection with the Partnership business and to pay therefor such reasonable remuneration as the General Partner may deem reasonable and proper; (xv) to retain other services of any kind or nature in connection with the Partnership business, and to pay therefor such remuneration as the General Partner may deem reasonable and proper; (xvi) to negotiate and conclude agreements on behalf of the Partnership with respect to any of the rights, powers and authority conferred upon the General Partner; (xvii) to maintain accurate accounting records and to file promptly all federal, state and local income tax returns on behalf of the Partnership; (xviii) to distribute Partnership cash or other Partnership assets in accordance with this Agreement; (xix) to form or acquire an interest in, and contribute property to, any further limited or general partnerships, limited liability companies, joint ventures or other relationships that it deems desirable (including, without limitation, the acquisition of interests in, and the contributions of property to, its Subsidiaries and any other Person in which it has an equity interest from time to time); (xx) to establish Partnership reserves for working capital, capital expenditures, contingent liabilities, or any other valid Partnership purpose; (xxi) to merge, consolidate or combine the Partnership with or into another Person; (xxii) to do any and all acts and things necessary or prudent to ensure that the Partnership will not be classified as a “publicly traded partnership” for purposes of Section 7704 of the Code; and (xxiii) to take such other action, execute, acknowledge, swear to or deliver such other documents and instruments, and perform any and all other acts that the General Partner deems necessary or appropriate for the formation, continuation and conduct of the business and affairs of the Partnership (including, without limitation, all actions consistent with allowing the General Partner at all times to qualify as a REIT unless the General Partner voluntarily terminates its REIT status) and to possess and enjoy all of the rights and powers of a general partner as provided by the Act. (b) Except as otherwise provided herein, to the extent the duties of the General Partner require expenditures of funds to be paid to third parties, the General Partner shall not have any obligations hereunder except to the extent that partnership funds are reasonably available to it for the performance of such duties, and nothing herein contained shall be deemed to authorize or require the General Partner, in its capacity as such, to expend its individual funds for payment to third parties or to undertake any individual liability or obligation on behalf of the Partnership.

  • Joint Development If joint development is involved, the Recipient agrees to follow the latest edition of FTA Circular 7050.1, “Federal Transit Administration Guidance on Joint Development.”

  • Program Management 1.1.01 Implement and operate an Immunization Program as a Responsible Entity 1.1.02 Identify at least one individual to act as the program contact in the following areas: 1. Immunization Program Manager;

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