Phases. Contractor acknowledges and agrees the Project will progress in phases, in accordance with the Project Schedule. Contractor shall prepare, for Owner Parties’ review and approval, a separate Construction Schedule, for each phase. Each phase shall commence upon Owner Parties’ issuance of a Notice to Proceed for such phase and shall achieve Substantial Completion by the milestone dates set forth in the Contract Documents, including the Construction Schedule.
Phases. (a) The Revitalization Plan contemplates development of approximately 300 total units of housing on the Development Site, to be carried out in several Phases. The Phases are presently in different states of readiness and with different levels of commitment as between the City and the Developer, as further described below.
(b) The Developer applied to NCHFA and received an award of 2011 low-income housing tax credits for “Rental Phase 1,” presently anticipated to consist of 119 rental units along with 13 units of complementary live/work or retail/commercial space, for a total of 132 units to be constructed on approximately 7 acres of the Revitalization Site. The City and the Developer anticipate that Closing of Rental Phase 1 will occur not later than the third quarter of calendar year 2012.
(c) It is anticipated that a “Rental Phase 2” project shall be developed on the Revitalization Site, presently anticipated to consist of approximately 79 rental units of housing. The City and Developer have agreed to undertake or participate in development of Rental Phase 2, subject to the terms of this Agreement in general and more particularly contingent upon the receipt of a Low Income Housing Tax Credit (LIHTC) award from NCHFA, availability of City Funds for such Phase and authorization of such expenditures by the City Council. The Developer anticipates applying to NCHFA for an allocation of low-income housing tax credits for Rental Phase 2 no later than June 30, 2014. The City anticipates committing approximately $3,400,000 in City Loan Funds for Rental Phase 2 and approximately $1,000,000 in City Site Funds relating to Rental Phase 2 Public Improvements, with final amounts subject to City Council approval. The City and the Developer anticipate that Closing with respect to Rental Phase 2 will occur not later than the second quarter of the calendar year following the year in which NCHFA awards low-income housing tax credits for Rental Phase 2.
(d) Should additional mixed-income rental development on the Revitalization Site be warranted and decided upon by the City Council, then the City and Developer shall enter in good faith negotiations to come to terms on subsequent agreements to undertake or participate in such development as a third Phase. Developer shall assist the City with selection of a development partner for any portions of the Revitalization Site not developed by Developer, for example, a home ownership development project. The City will make the final ...
Phases. In general, the A/E’s work shall include services as fully described in Articles 2 and Article 3 of this Agreement. These services include, but not limited to: (i) development of a set of design documents for the Project (including a permit set of construction documents and an issued-for-construction set of documents); and (ii) providing construction administration services. The services to be provided under Article 2 constitute the preliminary design and design phase services to be performed by the A/E (the “Design Phase Services”). The services to be provided under Article 3 constitute the construction phase services to be provided by the A/E (the “Construction Phase Services”).
Phases. Landlord anticipates that it will deliver possession of the Premises to Tenant in multiple phases as each phase of the Premises (each, a “Phase”) becomes ready for delivery to Tenant. As used in this Lease, the term “Current Demised Premises” shall mean, at any given time, the Premises or the Phase(s), and the portion of the Premises corresponding to such Phase(s), of which Tenant has accepted delivery in accordance with Section 1.4. Exhibit C describes each of the nine (9) Phases of the Premises. The Phases are designated on Exhibit C as “Phase 1”, “Phase 2”, “Phase 3”, “Phase 4”, “Phase 5”,”Phase 6”, “Phase A”, “Phase B” and “Phase C”. Except as expressly set forth in Sections 1.2.2, 1.3 and 1.4, Landlord shall deliver each Phase of the Premises to Tenant in its then “as-is” condition without any representations or warranties regarding condition.
Phases. 11.1 The Purchaser acknowledges and agrees that the Development may take place in phases and that the Seller has reserved the right to develop and sell xxxxx in the Development over a period of time as and when and in such manner as it deems fit, the Seller retaining the sole discretion in this regard.
11.2 The Seller shall, in its absolute discretion, be entitled to include further land in the Development and apply for, and subject to, approval by the relevant authority, vary the layout and/or zoning and/or size and/or boundaries of xxxxx and/or the extent and position of streets comprising the Development and members shall be bound thereby and shall have no claim of whatever nature against the Seller arising therefrom. Insofar as the consent of a member is required for any of the aforegoing, the Seller is irrevocably granted a power of attorney to grant any/all such consents on behalf of members, as may be required.
11.3 The Purchaser acknowledges and accepts that as a consequence of the xxxxx in the Development being sold over an extended period and because of the nature of the Development, on date of registration of transfer of the Property, the buildings on the other xxxxx or other properties in the Development and other structures and/or improvements and facilities including but not limited to infrastructure and roads in the Development and landscaping may be incomplete and the Purchaser agrees that he shall have no claim of whatsoever nature against the Seller as a result thereof.
Phases. Purchaser shall purchase the Property in five (5) separate phases (each a “Phase” and, collectively, the “Phases”). At each Phase Closing (as defined herein), Purchaser shall purchase the Lot(s) corresponding to the Phase(s) being closed at such time. For the purposes of this PSA, the term “Lot” and “Phase” shall be used interchangeably.
Phases. Tenant may construct the Tenant Improvements in phases, at Tenant’s discretion, subject to the limitations set forth above with respect to the period of time within which the Tenant Improvement Allowance is available for use.
Phases. The Early Acceptance Program is comprised of two phases. Phase I consists of four years of undergraduate education at University of Pittsburgh - Bradford. Phase II consists of four years of dental school education at LECOM and its associated clinical training sites.
Phases. The Parties expect Corix will develop the NDES in two phases, as follows:
(a) Phase 1: Corix will prepare and submit to the BCUC an application (the “Phase I Application”) for a CPCN authorizing Corix to construct and operate the NDES. As part of the Phase I Application, Corix will submit the Project Plan and will request that the BCUC authorize the use of the Project Plan Pro Forma for determining the ongoing feasibility of all anticipated NDES Extensions and for determining the feasibility of all unanticipated NDES Extensions.
