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
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
