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Redevelopment Sample Clauses

Redevelopment. Notwithstanding anything in this Paragraph 31 to the contrary, Tenant shall have no right to exercise the Extension Option or the Right of First Offer and, if previously exercised, at Landlord’s election, Tenant’s exercise of the Extension Option and/or the Right of First Offer shall be null and void, if Landlord or any purchaser or other successor of Landlord’s interest in the Complex, each in its sole and absolute discretion, intends to redevelop the Land by demolishing the Buildings (either on or about the same time or in phases) and constructing new improvements on the Land (“Landlord’s Redevelopment Override Right”). If Tenant has exercised the Extension Option or the Right of First Offer as and when provided in this Xxxxxxxxx 00, Xxxxxxxx or any such purchaser or successor shall have the right to exercise Landlord’s Redevelopment Override Right by notice delivered to Tenant (the “Override Notice”) at any time prior to the date that is twelve (12) months prior to the date that the Extension Term (assuming Tenant has properly exercised the Extension Term) or the term of the Other Building Lease (assuming Tenant has properly exercised the Right of First Offer) is scheduled to commence. Without limiting any circumstances evidencing Landlord’s intent to redevelop the Complex, Landlord shall be deemed to intend to redevelop the Complex if Landlord or its successor has, prior to Landlord’s delivery of the Override Notice, submitted a development plan to the City of San Xxxx for review (including preliminary review) or submitted an application to the City of San Xxxx for approvals or permits relating to the proposed redevelopment (including without limitation demolition permits, site development permits and/or building permits) (evidence of the foregoing to be included in Landlord’s Override Notice).
Redevelopment clean-up costs, loss or defence costs arising from the excavation or movement of any ground material as part of any redevelopment, refurbishment or construction on or at any insured premises.
RedevelopmentThe Parties agree that the Township may create a realistic opportunity for the construction of 49 family units by a) declaring the site an area in need of redevelopment; b)adopting a redevelopment plan for the site with the power of condemnation; and c) naming a redeveloper for the project, which must occur within one year of court approval of this Agreement. In addition, the Township shall transfer the land to a developer within 18 months of the approval of this agreement, which may be extended for good cause for a period of up to three (3) months. The Parties further agree that, in such an event, 24.5 acres of the site will be rezoned to permit a gross density of 10 units per acre, or 245 total units. Of the 245 total units, 49 shall be available to low- and moderate-income families. In the event of redevelopment with the power to condemn, the 196 market-rate units may be age-restricted and such a determination shall be solely within the discretion of the Township.
RedevelopmentThe Lessor may cancel this Lease Agreement without the payment of any compensation to the Lessee, upon giving notice of not less than the Notice of Redevelopment Period to the Lessee, if the Lessor wishes to redevelop or alter the Surrounding Property or any part thereof or to incorporate it into any scheme of redevelopment involving the Leased Premises, provided that this clause 46 shall not be applicable during the Initial Period.
Redevelopment. If at any time the Landlord shall decide to reconstruct, renovate, alter, remerchandise, sell and/or redevelop all or any part of the Shopping Centre to the extent that vacant possession of the Leased Premises is, in the discretion of the Landlord, required, or to demolish the building of which the Leased Premises form a part, the Landlord may terminate this Lease by giving not less than twelve (12) months notice in writing, to the Tenant without obligation or liability to the Tenant. The Tenant shall deliver up vacant possession of the Leased Premises in accordance with the provisions of the Lease and will execute all documents and other assurances as are reasonably required to give effect to the provisions of this Section. In the event that the Landlord proposes to renovate the Shopping Centre at any time during the Term, or any renewal thereof, and the Landlord does not elect to relocate the Tenant or terminate the Lease, the Tenant shall, at the Tenant's sole expense, undertake to upgrade the Leased Premises, which upgrading may include the renovation of the Tenant's storefront and signage, and painting and upgrading of interior fixtures, all in accordance with the Landlord's then current standard design criteria for refurbishment.
Redevelopment. The Developer shall redevelop the Property as set forth herein.
Redevelopment. To cancel this Lease at any time by giving Tenant at least twelve (12) months' prior written notice from the first day of any calendar month but only in the event Landlord intends to demolish the Building or intends to permit a major alteration to the Building, which in the judgment of Landlord requires vacancy of the Building.
Redevelopment. During the Operating Term (including the First Extension Term and the Second Extension Term, if applicable), the Tenant shall be permitted to Redevelop the Retail Component, subject to the Approval of the Landlord, provided however, that it shall not be unreasonable for the Landlord to withhold its Approval if in the opinion of the Landlord: (a) the Redevelopment may adversely affect distributions of Net Cash Flow to the Landlord in accordance with the Waterfall provisions of Article XIII of the Project Agreement, whether because of an increase of Outflows (as such term is defined in the Retail Limited Partnership Agreement) as a result of the costs of the Redevelopment, or a decrease in Gross Receipts (as such term is defined in the Retail Limited Partnership Agreement) as a result of the time required to complete the Redevelopment, or any other reason; (b) the Redevelopment may adversely affect a determination of the fair market value of the Retail Lands in accordance with the principles that were used for the determination of the Tenant Mortgagee Retail Lands Mortgage Value as set out in Schedule E, when a determination thereof is imminent or reasonably anticipated within a reasonable time thereafter; or (c) a material aspect of the Redevelopment is for the benefit of a Component other than the Retail Component, or a Person dealing at non-Arm’s Length with the Tenant, OSEG, a Member or a Permitted Transferee of a Member.
Redevelopment. Upon the request of Sublessee, Sublessor will conduct, at its sole expense, a feasibility study or assessment to assess economic viability and competitiveness of the Facility with options for the redevelopment, addition to or construction of a new building for the Facility, with input and approval from Sublessee with respect thereto, and submit a proposal to the Landlord. Landlord will make reasonable best efforts to provide funds via HUD redevelopment programs in the amount supported by mutually accepted analysis and redevelopment.
RedevelopmentDuring the Term, the Tenant shall not Redevelop and shall not permit any Redevelopment of the Stadium without the prior approval of the Landlord, which approval may be withheld at the Xxxxxxxx’s sole Discretion. In seeking approval, the Tenant shall provide proposed plans and specifications to the Landlord with respect to the proposed Redevelopment.