Common use of Phased Development Generally Clause in Contracts

Phased Development Generally. The Project Site has been divided into certain “Major Phases” and, within each Major Phase, various “Sub-Phases”, each of which is shown in the Phasing Plan. Subject to the terms and conditions of this DDA, the Agency shall convey portions of the Project Site owned or acquired by the Agency as provided in this DDA to Developer, and such portions, together with any additional property acquired by Developer in the Project Site, shall be developed by Developer in phases under this DDA.

Appears in 3 contracts

Samples: Disposition and Development Agreement (Five Point Holdings, LLC), Disposition and Development Agreement, Disposition and Development Agreement

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Phased Development Generally. The Project Site has been divided into certain “Major Phases” and, within each Major Phase, various “Sub-Phases”, each eachthe preliminary boundaries of which is isare shown in the Phasing Plan. Subject to the terms and conditions of this DDA, the Agency shall convey portions of the Project Site owned or acquired by the Agency as provided in this DDA to Developer, and such portions, together with any additional property acquired by Developer in the Project Site, shall be developed by Developer in phases under this DDA...

Appears in 2 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement

Phased Development Generally. The Project Site has been divided into certain “Major Phases” and, within each Major Phase, various “Sub-Phases”, each the preliminary boundaries of which is are shown in the Phasing Plan. Subject to the terms and conditions of this DDA, the Agency shall convey portions of the Project Site owned or acquired by the Agency as provided in this DDA to Developer, and such portions, together with any additional property acquired by Developer in the Project Site, shall be developed by Developer in phases under this DDA.

Appears in 2 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement

Phased Development Generally. The Project Site has been divided into certain four (4) “Major Phases” and, within each Major Phase, various “Sub-Phases”, each of which is shown in conceptually illustrated on the Phasing Plan. Subject to the terms and conditions of in this DDA, the Agency Authority shall convey portions of the Project Site owned or acquired by the Agency Authority as provided in this DDA to Developer, and such portions, together with any additional property acquired by Developer in the Project Site, portions shall be developed by Developer in phases under this DDA. As of the A&R Reference Date, the Authority has Approved one Major Phase Application and three Sub Phase Applications, and construction is underway.

Appears in 1 contract

Samples: Disposition and Development Agreement

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Phased Development Generally. The Project Site has been divided into certain four “Major Phases” and, within each Major Phase, various “Sub-Phases”, each of which is shown in conceptually illustrated on the Phasing Plan. Subject to the terms and conditions of in this DDA, the Agency Authority shall convey portions of the Project Site owned or acquired by the Agency Authority as provided in this DDA to Developer, and such portions, together with any additional property acquired by Developer in the Project Site, portions shall be developed by Developer in phases under this DDA.

Appears in 1 contract

Samples: Disposition and Development Agreement

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