Non-Residential Phase Sample Clauses

Non-Residential Phase. The Rebuilding Plan acknowledged the desire of the Authority and of other stakeholders to pursue complementary non-residential development. The Developer will evaluate the feasibility of smaller retail and commercial space on the ground floor of certain buildings within the Rental Phases and/or of larger-scale non-residential development such as an early childhood center, a grocery store or an adult learning center (a “Non-Residential Phase”). The Developer shall cause its Affiliate, MBS Urban Initiatives CDE (the "CDE") either: (a) to allocate not less than $11,775,000 of New Market Tax Credits ("NMTC") authority for the benefit of a Non-Residential Phase from past or future NMTC allocations available for such purpose, or (b) to make best efforts to secure further NMTC authority for such purpose. If such NMTC authority is available, the Developer will work in good faith with the Authority to create a development plan for a Non-Residential Phase consistent with obligations of the CDE’s NMTC Allocation Agreement. The CDE's commitment and use of the NMTC allocation is subject to: (a) reasonable underwriting determinations by the CDE and its lenders and investors; (b) compliance with NMTC program requirements; (c) timely identification and commitment of gap financing as may be required to make the Non-Residential Phase feasible, and (d) timely use of the allocation in a manner the CDE reasonably determines will allow it to satisfy commitments made in its application. The amount of NMTC committed to the Non-Residential Phase has been established in part based upon 684 new rental units being produced in accordance with (or as described in) the Rebuilding Plan: the CDE may adjust its commitment of NMTC by a corresponding amount if the number of units is reduced or increased, and in no event will be required to make the NMTC available unless and until the Closing by the Developer of so many Rental Phases as may be required to start construction on a total of not less than 220 rental units. The Developer shall notify the Authority within thirty (30) days after the Closing of the first two Residential Phases whether or not it believes a Non-Residential Phase is feasible as of such date, as to allow the Authority to pursue other options for the development of a Non- Residential Phase. The Developer may, in consultation with the Authority, identify a NMTC allocatee other than the CDE to supplement or replace some or all of the CDE's NMTC allocation, in which case the...
Sample 1
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Related to Non-Residential Phase

  • Preconstruction Phase Services Preconstruction Phase Services shall mean all services described in Article 3.1, and any similar services described in the Request for Proposals, including such similar services as are described in the Construction Manager at Risk’s Response to the Request for Proposals to the extent they are accepted by Owner, but excluding any Early Work. Early Work shall be considered part of Construction Phase Services.

  • Term of Contract; Contract Extension The Contract will be in effect from the Effective Date (15 December 2016) through 31 December 2018. DAS, in its sole discretion, may extend this Contract for additional terms beyond the original term, prior to Termination or expiration, one or more times for a combined total period not to exceed the complete length of the original term.

  • Construction Phase Services 3.1.1 – Basic Construction Services

  • Completion of Probationary Period An employee who has completed the probationary period may be suspended without pay or discharged only for just cause.

  • Service Commencement Date The date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Section 15.3 or Section 29.1 under the Tariff.

  • Pre-Commencement Phase Services The services required to be provided by the Contractor for the Pre- Commencement Phase of the Project in accordance with the Contract Documents.

  • Design Development Phase Services 3.3.1 Based on the Owner’s approval of the Schematic Design Documents, and on the Owner’s authorization of any adjustments in the Project requirements and the budget for the Cost of the Work, the Architect shall prepare Design Development Documents for the Owner’s approval. The Design Development Documents shall illustrate and describe the development of the approved Schematic Design Documents and shall consist of drawings and other documents including plans, sections, elevations, typical construction details, and diagrammatic layouts of building systems to fix and describe the size and character of the Project as to architectural, structural, mechanical and electrical systems, and other appropriate elements. The Design Development Documents shall also include outline specifications that identify major materials and systems and establish, in general, their quality levels.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Design Development Phase INDICATE IN STATEMENT OF WORK “NOT APPLICABLE” IF SECTION IS NOT APPLICABLE

  • Initial Probationary Period An employee in an initial probationary period shall have no seniority until completion of his/her probationary period. Upon the completion of said probation, the employee will acquire seniority from his/her original date of hire. An employee who has a continuous period of temporary, interim, intermittent or seasonal employment prior to receiving permanent appointment shall acquire seniority for such time only if that permanent appointment occurred prior to July 1, 1989.

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