PMB and Generations Sample Clauses

PMB and Generations. PMB and Generations acknowledge that it is premature to conclude that the Project’s proforma will not support any Ground Lease rent payment by PMB and Generations. The Parties each acknowledge that significant additional refinement of the Project proforma is required before a Term Sheet can be approved by the Parties. The CCH Ground Lease and the Mixed Use Ground Lease shall include market resets at years 25 and 50 based upon then existing land use.
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