Option to Participate in Development Sample Clauses

Option to Participate in Development. (a) Upon identifying a Proposed Development Opportunity to AHIP or its Subsidiaries, the Developer shall, and shall cause its applicable Subsidiaries to, use commercially reasonable efforts to gather and prepare information concerning the Proposed Development Opportunity, including, to the extent applicable and available, the information set forth in Section 3.6. Once it has gathered this information, the Developer shall offer to AHIP and AHIP shall have the option, exercisable during the Participation Option Period, to elect to indirectly participate in the Proposed Development Opportunity. The Developer shall deliver to AHIP or its applicable Subsidiary with such offer any and all material information in the Developer’s possession relating to the Proposed Development Opportunity. If AHIP or its applicable Subsidiary, acting reasonably, determines that additional information is needed to evaluate the Proposed Development Opportunity, it shall notify the Developer and indicate the requested information, and the Participation Option Period shall be tolled until the Developer provides such requested information (to the extent practicable under the circumstances); (b) If the Independent Directors determine, pursuant to this Section 3.5, to participate in a Proposed Development Opportunity, AHIP shall, within the Participation Option Period, deliver to the Developer written notice of its commitment to participate in such Proposed Development Opportunity (a “Participation Notice”). A Proposed Development Opportunity in relation to which a Participation Notice has been delivered to the Developer in accordance with this Section 3.5(b) shall be referred to herein as an “AHIP Development Property”, and AHIP shall be required to indirectly purchase each AHIP Development Property upon Substantial Completion in accordance with Section 4.2; and (c) If the Independent Directors determine not to participate in the Proposed Development Opportunity or the Participation Option Period expires without AHIP having delivered a Participation Notice in respect of such Proposed Development Opportunity, AHIP shall not be required to indirectly purchase such Proposed Development Opportunity (hereinafter, a “SunOne Development Property”) upon Substantial Completion. The Developer shall retain the right to develop such SunOne Development Property as it sees fit without any further obligations to AHIP or its Subsidiaries in relation thereto, subject to AHIP retaining the option to indi...
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Related to Option to Participate in Development

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Program Development NWESD agrees that priority in the development of new applications services by XXXXX shall be in accordance with the expressed direction of the XXXXX Board of Directors operating under their bylaws.

  • Election to Participate Participation in the DROP program is irrevocable once an employee begins participation. An employee who wishes to participate in the DROP shall complete and sign such application form or forms as shall be required by the Macomb County Board of Commissioners. Such application shall be reviewed by the Human Resources Department within a reasonable time period and make a determination as to the member’s eligibility for participation in the DROP. On the date upon which the member’s participation in the DROP shall be effective, he/she shall be considered to be a DROP participant and shall cease to be an active member of the Macomb County Employees Retirement System. The amount of credited service, multiplier and final average compensation shall be fixed as of the employee’s DROP date. When an employee’s Final Average Compensation is calculated, any retroactive wages provided shall be counted as if the retroactive wages were paid to the employee when the wages were earned, not when they were received by the employee. Increases or decreases in compensation during DROP participation will not be factored into retirement benefits of active or former DROP participants. DROP participants accrue no service time credit for retirement purposes pursuant to the Macomb County Employees Retirement System. Upon execution of this agreement by the UAW, Xxxxx 000, Xxxx 00 and the County of Macomb, employees who are represented by the UAW, Xxxxx 000, Xxxx 00 and who qualify for DROP participation may file the appropriate application forms with an effective DROP date no sooner than (Expressly contingent upon ratification by the Full Board of Commissioners on December 15, 2005) January 1, 2006.

  • DEVELOPMENT OR ASSISTANCE IN DEVELOPMENT OF SPECIFICATIONS REQUIREMENTS/ STATEMENTS OF WORK

  • 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.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • 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.”

  • 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.

  • Performance of Bargaining Unit Work No person whose regular job is not in the bargaining unit will work on any job for which rates are established by this Agreement, except for the purposes of instruction, experimentation, or management training, in which case trainees shall not displace or replace any employee in the aforesaid classifications except in cases of emergency when regular employees are not available.

  • Design Development An interim step in the design process. Design Development documents consist of plans, elevations, and other drawings and outline specifications. These documents will fix and illustrate the size and character of the entire project in its essentials as to kinds of materials, type of structure, grade elevations, sidewalks, utilities, roads, parking areas, mechanical and electrical systems, and such other work as may be required.

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