Phase 1 Economics Sample Clauses

Phase 1 Economics. (a) Stream Phase 1 Economics (Office). The parties agree to the following general economic terms for the Stream Phase 1, which shall be defined in further detail in the Definitive Agreements: (1) City will convey to Stream for nominal consideration approximately 2.08 acres of land for the office building (the market value of which land the Town estimates is $1,718,773 ($18.97 per sq. ft.). The final acreage shall be as mutually agreed and set forth in the definitive purchase and sale agreement between City and Stream. (2) Stream has commissioned a parking study at its sole cost and expense to ensure the proper amount of parking for the Stream Phase 1 development. The result of that parking study shows that 466 parking spaces is adequate. The parking study has been submitted to City for its review and approval. (3) City will commit to a 2.5-year master lease (the “Master Lease”) for 60,000 square feet of space (40% of the building) at $57.50 per square foot gross ($3,450,000 per year, not to exceed $8,625,000 in total). The Master Lease shall commence upon final certificate of occupancy of the office building and shall not provide the City with the right to physically occupy any space in the office building, except for City’s rights with respect to the Optional Permanent Lease (as defined below). During the term of the Master Lease, the City will have an option to lease all or a portion of City’s leased space at market rate, plus triple net and will include a tenant allowance in the amount of $65 per square foot (“Optional Permanent Lease”). The term of the Optional Permanent Lease shall be for a minimum of seven (7) years. If City elects to enter into the Optional Permanent Lease, all payments made by the City under such Optional Permanent Lease will be credited against the City’s obligation to pay rent under the Master Lease. (4) City’s lease obligations will be reduced on a 50/50 basis until City’s lease obligation is removed entirely. Reduction of City’s lease obligation will take place three (3) months after lease commencement date for leases less than 50,000 RSF and six (6) months after lease commencement date for leases greater than 50,000 RSF. For example purposes only, if Stream leases 20,000 square feet to a third-party tenant, City’s lease obligation will be reduced by 10,000 square feet and will continue to have a lease obligation of 50,000 square feet. Once Stream has executed leases for 120,000 square feet, City’s lease obligations will be rem...
Sample 1
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Phase 1 Economics. (a) Stream Phase 1 Economics (Office). The parties agree to the following general economic terms for the Stream Phase 1, which shall be defined in further detail in the Definitive Agreements: (1) City will initially (A) convey to Stream for nominal consideration approximately
Sample 1
Phase 1 Economics. (a) Stream Phase 1 Economics (Office). The parties agree to the following general economic terms for the Stream Phase 1, which shall be defined in further detail in the Definitive Agreements: (1) City will contribute approximately 2.3 2.4 acres of land for the office building and parking garage at market value, estimated at $2,000,000 ($19.96 per sq. ft.). The final acreage shall be as mutually agreed and set forth in the definitive purchase and sale agreement between Addison and Stream. (2) Stream will commission a parking study at its sole cost and expense to ensure the proper amount of parking for the Stream Phase 1 development (not to exceed $25,000.00). (3) City and Stream will enter into a perpetual parking agreement whereby public parking is available for the retail tenants during the day and the entire Addison Circle development on nights and weekends and for special events. This anticipates The anticipate that retail parking access may require validation and that the terms of the public parking agreement will be further defined in the Definitive Agreements, which shall be in conformance with the City’s public financing requirements. (4) City will commit to a 5-year lease for 60,000 square feet of space (40% of the building) at $34.50 per sq. ft. xxxxx ($2,070,000 per year). During the term of the lease, the City will have an option to lease all or a portion of City’s leased space at $34 per sq. ft. plus triple net and will include a tenant allowance in the amount of $65 per sq. ft (“Optional Permanent Lease”). The term of the Optional Permanent Lease shall be for a minimum of seven (7) years. If City elects to enter into the Optional Permanent Lease, City will be entitled to a credit for all lease payments paid by City under the original 5-year lease for the portion of the leased space to be occupied by City. (5) City’s lease obligations will be reduced on a 50/50 basis until City’s lease obligation is removed entirely. For purposes example only, if Stream leases 20,000 square feet to a 3rd party tenant, City’s lease obligation will be reduced by 10,000 square feet and will continue to have a lease obligation of 50,000 square feet. Once Stream has executed leases for 120,000 square feet, City’s lease obligations will be removed entirely. As a material inducement for the City’s lease obligation incentive, Stream, as developer, agrees that it will use its best efforts to market and lease (including pre- leasing during construction) the Stream Phase ...
Sample 1
Phase 1 Economics. (a) Stream Phase 1 Economics (Office). The parties agree to the following general economic terms for the Stream Phase 1, which shall be defined in further detail in the Definitive Agreements: (1) City will initially (A) convey to Stream for nominal consideration contribute approximately 2.41.24 acres of land for the office building (the market value of which land the Town estimates is $1,024.793 ($18.97 per square foot))and (B) retain the land for the and parking garage. at market value, estimated at $2,000,000 ($19.96 per sq. ft.). The final acreage shall be as mutually agreed and set forth in the definitive purchase and sale agreement between Addison and Stream. (2) Stream has will commissioned a parking study at its sole cost and expense to ensure the proper amount of parking for the Stream Phase 1 development. The result of that parking study shows that 623 parking spaces is adequate. The parking study has been submitted to the city for its review and approval. (not to exceed $25,000.00). (3) City and Stream will execute one or more enter into a perpetual parking agreements whereby public parking (including reserved parking spaces for Stream’s office tenants [not to exceed 10% of the total parking spaces in the garage]) is available is available in the parking garage per Section 2.2(a)(6) below. The use of available parking spaces within the parking garage by office tenants and the installation of signage in the parking garage designating such parking spaces as “Office Building Parking” to facilitate the leasing of the office building at market rates will be subject an agreed-upon parking management plan and all necessary requirements and restrictions under the City’s public financing for the parking garage. for the retail tenants during the day and the entire Addison Circle development on nights and weekends and for special events. This anticipates that retail parking access may require validation and that the terms of the public parking agreement will be further defined in the Definitive Agreements, which shall be in conformance with the City’s public financing requirements. (4) City will commit to a 35-year master lease (the “Master Lease”) for 60,000 square feet of space (40% of the building) at $57.5034.50 per sq. ftsquare foot. gross ($2,070,0003,450,000 per year). The Master Lease shall commence upon final certificate of occupancy of the office building and shall not provide the City with the right to physically occupy any space in the office bu...
Sample 1
Phase 1 Economics. (a) Stream Phase 1 Economics (Office). The parties agree to the following general economic terms for the Stream Phase 1, which shall be defined in further detail in the Definitive Agreements: (1) City will initially (A) convey to Stream for nominal consideration approximately 1. 242.08 acres of land for the office building (the market value of which land the Town estimates is $1,024,793718,773 ($18.97 per sq. ft.)), and (B) retain the land for the parking garage..). The final acreage shall be as mutually agreed and set forth in the definitive purchase and sale agreement between AddisonCity and Stream. (2) Stream has commissioned a parking study at its sole cost and expense to ensure the proper amount of parking for the Stream Phase 1 development. The result of that parking study shows that 623466 parking spaces is adequate. The parking study has been submitted to City for its review and approval. (3) City and Stream will execute one or more parking agreements whereby public parking (including reserved parking spaces for Stream’s office tenants [not to exceed 10% of the total parking spaces in the garage]) is available in the parking garage per Section 2.2(a)(6) below. The use of available parking spaces within the parking garage by office tenants and the installation of signage in the parking garage designating such parking spaces as “Office Building Parking” to facilitate the leasing of the office building at market rates will be subject to an agreed-upon parking management plan and all necessary requirements and restrictions under the City’s public financing for the parking garage. (4) (3) City will commit to a 32.5-year master lease (the “Master Lease”) for 60,000 square feet of space (40% of the building) at $57.50 per square foot gross ($3,450,000 per year)., not to exceed $8,625,000 in total). The Master Lease shall commence upon final certificate of occupancy of the office building and shall not provide the City with the right to physically occupy any space in the office building, except for City’s rights with respect to the Optional Permanent Lease (as defined below). During the term of the Master Lease, the City will have an option to lease all or a portion of City’s leased space at market rate, plus triple net and will include a tenant allowance in the amount of $65 per square foot (“Optional Permanent Lease”). The term of the Optional Permanent Lease shall be for a minimum of seven (7) years. If City elects to enter into the Optional Permanent L...
Sample 1

Related to Phase 1 Economics

  • Cooperation with Economic Studies If ICANN initiates or commissions an economic study on the impact or functioning of new generic top-­‐level domains on the Internet, the DNS or related matters, Registry Operator shall reasonably cooperate with such study, including by delivering to ICANN or its designee conducting such study all data related to the operation of the TLD reasonably necessary for the purposes of such study requested by ICANN or its designee, provided, that Registry Operator may withhold (a) any internal analyses or evaluations prepared by Registry Operator with respect to such data and (b) any data to the extent that the delivery of such data would be in violation of applicable law. Any data delivered to ICANN or its designee pursuant to this Section 2.15 that is appropriately marked as confidential (as required by Section 7.15) shall be treated as Confidential Information of Registry Operator in accordance with Section 7.15, provided that, if ICANN aggregates and makes anonymous such data, ICANN or its designee may disclose such data to any third party. Following completion of an economic study for which Registry Operator has provided data, ICANN will destroy all data provided by Registry Operator that has not been aggregated and made anonymous.

  • Synchronization, Commissioning and Commercial Operation 4.1.1 The Power Producer shall give at least fifteen (15) days written notice to the SLDC / ALDC / DISCOM as the case may be, of the date on which it intends to synchronize the Power Project to the Grid System. 4.1.2 Subject to Article 4.1.1, the Power Project may be synchronized by the Power Producer to the Grid System when it meets all the connection conditions prescribed in the Grid Code and otherwise meets all other Indian legal requirements for synchronization to the Grid System. 4.1.3 The synchronization equipment and all necessary arrangements / equipment including Remote Terminal Unit (RTU) for scheduling of power generated from the Project and transmission of data to the concerned authority as per applicable regulation shall be installed by the Power Producer at its generation facility of the Power Project at its own cost. The Power Producer shall synchronize its system with the Grid System only after the approval of GETCO / SLDC / ALDC and GEDA. 4.1.4 The Power Producer shall immediately after each synchronization / tripping of generator, inform the sub-station of the Grid System to which the Power Project is electrically connected in accordance with applicable Grid Code. 4.1.5 The Power Producer shall commission the Project within SCOD. 4.1.6 The Power Producer shall be required to obtain Developer and/ or Transfer Permission, Key Plan drawing etc, if required, from GEDA. In cases of conversion of land from Agricultural to Non-Agriculture, the commissioning shall be taken up by GEDA only upon submission of N.A. permission by the Power Producer. 4.1.7 The Power Producer shall be required to follow the Forecasting and Scheduling procedures as per the Regulations issued by Hon’ble GERC from time to time. It is to clarify that in terms of GERC (Forecasting, Scheduling, Deviation Settlement and Related Matters of Solar and Wind Generation Sources) Regulations, 2019 the procedures for Forecasting, Scheduling & Deviation Settlment are applicable to all solar generators having combined installed capacity above 1 MW connected to the State Grid / Substation including those connected via pooling stations.

  • Development Plans Shipper has provided Gatherer with a report attached hereto as Exhibit D (the “Current Development Plan”) describing in detail, as of January 1, 2017, the planned development, drilling, and production activities to take place with respect to Dedicated Production for the applicable Development Period. The information contained in the TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**). Current Development Plan is broken out on a Subsystem-by-Subsystem basis and, with respect to the first three Years covered by the Current Development Plan, on a Quarter-by-Quarter basis, and with respect to the remaining Years covered by the Current Development Plan, on a Year-by-Year basis. The Current Development Plan attached hereto has been approved by the Parties. (a) From time to time during each Year of the Term, the Parties shall meet to discuss the planned development, drilling, and production activities that Shipper expects to take place with respect to Dedicated Production for the then-applicable Development Period. Shipper and Gatherer shall each make their respective representatives available to participate in such meetings and discussions. No later than August 1 of each such Year, Shipper shall provide (or cause to be provided) to Gatherer a proposed update of the then-currently agreed Development Plan, prepared on the same basis as the Current Development Plan and describing in detail the planned development, drilling, and production activities to take place with respect to Dedicated Production for the then-applicable Development Period (any such update, an “Updated Development Plan” and, together with the Current Development Plan, each, a “Development Plan”). Notwithstanding anything herein to the contrary, in no event shall Gatherer be required to agree to any Updated Development Plan and corresponding updated Gathering System Plan that contains a Committed Build-Out that (i) has a corresponding Target Completion Date that occurs after the end of the Initial Term, and (ii) Gatherer, in its sole discretion, does not wish to approve. (b) Each proposed Development Plan shall include information as to the following, in each case, broken out on a Subsystem-by-Subsystem basis and, with respect to the first three Years covered by such Development Plan, on a Quarter-by-Quarter basis, and, with respect to the remaining Years covered by such Development Plan, on a Year-by-Year basis: (i) all Xxxxx that, as of the date such Development Plan was delivered, are currently in existence and (A) the production therefrom is being delivered into the Gathering System, or (B) are awaiting connection to the Gathering System; (ii) the Xxxxx that are expected to be drilled during the time period covered by such Development Plan (each such Well reflected in such Development Plan, a “Planned Well”), and the estimated timing of the drilling of such Planned Xxxxx; (iii) forward-looking production estimates for the applicable time period covered by such Development Plan for all Shipper Gas (A) that Shipper reasonably and in good faith believes will become owned or Controlled by Shipper during the time period covered by such Development Plan, and/or (B) that will be produced from (I) in the aggregate, all Xxxxx then-existing and (II) in the aggregate, any Planned Xxxxx included in such Development Plan (such collective estimates described in subsections (A) and (B), both with respect to a particular Quarter and an entire Year, the “Dedicated Production Estimates”); TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**). (iv) forward-looking estimates for the applicable time period covered by such Development Plan of the aggregate volumes of those Shipper Injected Liquids that Shipper intends to Tender to the Injection Points hereunder to receive the System Services (such estimates, both with respect to a particular Quarter and an entire Year, the “System Liquids Estimates” and, together with the Dedicated Production Estimates, the “System Production Estimates”); (v) (A) each new receipt point (including the location thereof) proposed by Shipper with respect to the System Production Estimate reflected in such Development Plan (each such receipt point, including those located at the site of a Planned Well, a “Planned Receipt Point”), (B) each Receipt Point at which Shipper expects to Tender Shipper Gas and/or Shipper Injected Liquids reflected in such Development Plan into the Gathering System, and (C) the estimated portion of the System Production Estimate contained in such Development Plan that Shipper expects to Tender at each such Receipt Point and Planned Receipt Point; (vi) the earliest date on which each Planned Well included in the Development Plan is estimated to be completed and producing, which date shall not be earlier than three Months after the January 1st that is immediately subsequent to the date that the Development Plan that initially reflected such Planned Well was delivered to Gatherer hereunder; (vii) the anticipated characteristics of the production from the Xxxxx and Planned Xxxxx reflected in such Development Plan (including liquids content and gas and liquids composition) and the projected production volumes and production pressures applicable thereto; provided that Shipper may utilize the existing and historical production information from similarly situated Xxxxx; (viii) (A) each new delivery point (including the location thereof) proposed by Shipper with respect to the System Production Estimate reflected in such Development Plan (each such delivery point, a “Planned Delivery Point”), (B) each Delivery Point at which Shipper expects Shipper Gas produced from the Xxxxx and Planned Xxxxx reflected in such Development Plan to be redelivered to Shipper, (C) each Delivery Point at which Shipper expects any Drip Liquids allocated to Shipper in accordance with this Agreement and/or Shipper Injected Liquids to be redelivered to Shipper, and (D) the estimated portion of the System Production Estimate contained in such Development Plan that Shipper expects to be redelivered to Shipper at each such Delivery Point and Planned Delivery Point; (ix) any (A) proposed revision to the then-existing Dedicated Area and/or any then-existing Dedicated Contract and/or (B) any new contract that Shipper proposes to be a Dedicated Contract; and (x) other information reasonably requested by Gatherer that is relevant to the design, construction, and operation of the Gathering System, including (A) any Subsystem Extension proposed by Shipper, (B) the relevant Receipt Point, Planned Receipt Point, Delivery Point and Planned Delivery Point facilities applicable to such TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**). Development Plan, and (C) any treating, processing, or liquids handling facilities proposed by Shipper that may be required for any Shipper Gas and/or Shipper Injected Liquids to meet applicable Downstream Facility specifications at the Delivery Points.

  • Project Implementation The Borrower shall:

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Concession Area, including its abandonment.

  • Project Management Plan 3.2.1 Developer is responsible for all quality assurance and quality control activities necessary to manage the Work, including the Utility Adjustment Work. Developer shall undertake all aspects of quality assurance and quality control for the Project and Work in accordance with the approved Project Management Plan, Good Industry Practice and applicable Law. 3.2.2 Developer shall develop the Project Management Plan and its component parts, plans and other documentation in accordance with the requirements set forth in Section 1.5.2.5

  • Project Implementation Manual The Recipient, through the PCU, shall: (i) take all action required to carry out Parts 1.1, 1.3, 1.4, 2, 3.1(b), 3.2, 3.3 and 4 (ii) of the Project in accordance with the provisions and requirements set forth or referred to in the Project Implementation Manual; (ii) submit recommendations to the Association for its consideration for changes and updates of the Project Implementation Manual as they may become necessary or advisable during Project implementation in order to achieve the objective of Parts 1.1, 1.3, 1.4, 2, 3.1(b), 3.2, 3.3 and 4(ii) of the Project; and (iii) not assign, amend, abrogate or waive the Project Implementation Manual or any of its provisions without the Association’s prior agreement. Notwithstanding the foregoing, if any of the provisions of the Project Implementation Manual is inconsistent with the provisions of this Agreement, the provisions of this Agreement shall prevail and govern.

  • 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.

  • 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.

  • PERFORMANCE MONITORING AND REPORTING Performance indicators

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