No Development Rights Sample Clauses
The "No Development Rights" clause prohibits a party from undertaking any construction, alteration, or development activities on a specified property or asset. In practice, this means the party cannot build new structures, modify existing ones, or seek permits for development without explicit permission from the other party or as otherwise allowed in the agreement. This clause serves to protect the interests of the property owner or controlling party by preventing unauthorized changes, thereby maintaining the property's current state and avoiding disputes over unapproved development.
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No Development Rights. Tenant acknowledges that it has no rights to any development rights, air rights or comparable rights appurtenant to the Project, and consents, without further consideration, to any utilization of such rights by Landlord. Tenant shall promptly execute and deliver any instruments which may be requested by Landlord, including instruments merging zoning lots, evidencing such acknowledgment and consent. The provisions of this Section 8.1 7 shall be construed as an express waiver by Tenant of any interest Tenant may have as a “party in interest” (as such term is defined in Section 12-10 Zoning Lot of the Zoning Resolution of the City of New York) in the Project.
No Development Rights. Tenant acknowledges that it has no rights to any development rights, air rights or comparable rights appurtenant to the Demised Premises, and consents, without further consideration, to any utilization of such rights by Landlord. Tenant shall promptly execute and deliver any instruments, which may be requested by Landlord, including instruments merging zoning lots, evidencing such acknowledgment and consent. The provisions of this Section 8.17 shall be construed as an express waiver by Tenant of any interest Tenant may have as a party in interest in the Demised Premises.
No Development Rights. Tenant acknowledges that it has no rights to any development rights, air rights or comparable rights appurtenant to the Project, and Tenant consents, without further consideration, to any utilization of such rights by Landlord. Tenant shall promptly execute and deliver any instruments which may be requested by Landlord, including instruments merging zoning lots, evidencing such acknowledgment and consent, provided that the same shall not increase Tenant’s obligations or otherwise impair Tenant’s rights and privileges hereunder. The provisions of this Section 9.17 shall be construed as an express waiver by Tenant of any interest Tenant may have as a “party in interest” (as such term is defined in Section 12-10 Zoning Lot of the Zoning Resolution of the City of New York) in the Project.
No Development Rights. Tenant acknowledges that it has no rights to any development rights, air rights or comparable rights appurtenant to the Real Property and Tenant consents, without further consideration, to any utilization of such rights by Landlord. Tenant shall, at no cost to Tenant, promptly execute and deliver any reasonable instruments which may be requested by Landlord, including instruments merging zoning lots, evidencing such acknowledgment and consent. The provisions of this Section 26.19 shall be construed as an express waiver by Tenant of any interest Tenant may have as a “party in interest” (as such term is defined in Section 12-10 of Zoning Lot of the Zoning Resolution of the City of New York) in the Real Property.
No Development Rights. Tenant acknowledges that it has no rights to any development rights, air rights or comparable rights appurtenant to the Project, and Tenant consents, without further consideration, to any utilization of such rights by Landlord. Tenant shall promptly execute and deliver any instruments which may be requested by Landlord, including instruments merging zoning lots, evidencing such acknowledgment and consent. The provisions of this Section 32.08 shall be construed as an express waiver by Tenant of any interest Tenant may have as a “party in interest” (as such term is defined in Section 12‑10 Zoning Lot of the Zoning Resolution) in the Project.
No Development Rights. Tenant acknowledges that it has no rights to any development rights, air rights or comparable rights appurtenant to the Project, and consents, without further consideration, to any utilization of such rights by Landlord, provided the same does not adversely effect Tenant’s use and occupancy of the Premises on the terms set forth herein. Tenant shall promptly execute and deliver any instruments which may be requested by Landlord, including instruments merging zoning lots, evidencing such acknowledgment and consent. The provisions of this Section 8.17 shall be construed as an express waiver by Tenant of any interest Tenant may have as a “party in interest” (as such term is defined in Section 12-10 Zoning Lot of the Zoning Resolution of the City of New York) in the Project, provided that Tenant shall not be required to waive the rights described in this Section 8.17 to the extent that such waiver impairs or restricts Tenant’s rights to use and occupy the Premises on the terms set forth herein.
No Development Rights. Tenant acknowledges that it has no rights to any development rights, air rights or comparable rights appurtenant to the Real Property and Tenant consents, without further consideration, to any utilization of such rights by Landlord. Tenant shall promptly execute and deliver any instruments which may be requested by Landlord, including instruments merging zoning lots, evidencing such acknowledgment and consent. The provisions of this Section 26.18 shall be construed as an express waiver by Tenant of any interest Tenant may have as a “party in interest” (as such term is defined in the definition of “zoning lot” in Section 12-10 of the Zoning Resolution of the City of New York) in the Real Property. Section 26.19 Intentionally Omitted Section 26.20
No Development Rights. Tenant acknowledges that it has no rights to any development rights, “air rights” or comparable rights appurtenant to the Real Property or any part thereof, and consents, without further consideration, to any utilization of such rights by Landlord and agrees to promptly execute and deliver any instruments which may be requested by Landlord, including instruments merging zoning lots and evidencing such acknowledgment and consent. The provisions of this Section 1.08 shall be deemed to be and shall be construed as an express waiver by Tenant of any interest Tenant may have as a “party in interest”, as such quoted term is defined in Section 12-10 of the Zoning Resolution of the City of New York (the “Zoning Resolution”), in the Real Property or any part thereof.
No Development Rights. Tenant acknowledges that it has no rights to any development rights, air rights or comparable rights appurtenant to the Project, and Tenant consents, without further consideration, to any utilization of such rights by Landlord. Tenant, at no out-of-pocket cost to Tenant, shall promptly execute and deliver any instruments which reasonably may be requested by Landlord, including instruments merging zoning lots, evidencing such acknowledgment and consent. The provisions of this Section 32.08 shall be construed as an express waiver by Tenant of any interest Tenant may have as a “party in interest” (as such term is defined in Section 12‑10 Zoning Lot of the Zoning Resolution) in the Project.
No Development Rights. (a) Subject to Section 8.17(b), Tenant acknowledges that it has no rights to any development rights, air rights or comparable rights appurtenant to the Project or any portion thereof, and consents, without further consideration, to any utilization of such rights by Landlord. Tenant shall promptly execute and deliver any instruments which may be reasonably requested by Landlord, including instruments merging zoning lots, evidencing such acknowledgment and consent. The provisions of this Section 8.17 shall be construed as an express waiver by Tenant of any interest Tenant may have as a “party in interest” (as such term is defined in Section 12-10 Zoning Lot of the Zoning Resolution of the City of New York) in the Project.
(b) The maximum Floor Area attributable to the Initial Premises (including any Initial Expansion Space, the “Maximum Premises Floor Area”) shall be an amount equal to the sum of (i) the Floor Area of the Initial Premises as approved by DOB with respect to the Base Building Plans and Specifications (as defined in the DCA), plus (ii) the area of double-height spaces indicated on the Base Building Plans and Specifications. The Maximum Premises Floor Area for any Expansion Space or Offer Space shall be actual Floor Area attributable to such space, as determined by the most recent plans and specifications approved by DOB as of the date on which such space is added to the Premises. Tenant shall have the right, in connection with any Alterations, to use any portion of the Maximum Premises Floor Area, to the extent permitted by applicable Laws and subject to Landlord’s approval of any Alterations subject to and to the extent required by the provisions of Section 4.02. Any plans for Alterations shall indicate any proposed use and conformance with the Maximum Premises Floor Area, and Tenant shall deliver to Landlord promptly following completion of any such Alterations the final zoning calculations approved by DOB confirming such use and conformance with the Maximum Premises Floor Area. Landlord shall include in the leases of other tenants at the Building provisions prohibiting such tenants from utilizing any portion of the Maximum Premises Floor Area and in furtherance thereof, a requirement that in preparing any filings to DOB, such tenants treat the Premises as if it utilized the Maximum Premises Floor Area notwithstanding that the plans for the Building at the time may show less Floor Area. In no event shall the Floor Area allocable to the Premis...