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.
Redevelopment. (i) The Landlord may terminate this lease under this clause by giving the Tenant not less than 6 months prior notice in writing (termination notice). The termination notice must specify the date on which this lease terminates (termination date), which does not need to coincide with the end of a Rent period.
(ii) This lease terminates on the termination date, at which time the Tenant and the Tenant’s Associates must deliver up vacant possession of the Premises to the Landlord in accordance with the terms of this lease (including clause 17).
(iii) The Tenant remains liable for the payment of the Rent and all other amounts payable under this lease and for the performance and observance of the Tenant’s obligations under this lease up to the termination date or, in respect of those covenants which survive the termination of this lease, until those covenants have been fulfilled.
(iv) If the Landlord wishes to relocate the Tenant’s business, the Landlord must give the Tenant written notice of relocation (relocation notice) at the same time as the termination notice is given.
(v) The relocation notice must give details of an alternative retail shop (alternative shop) to be made available to the Tenant by the Landlord.
(vi) If a relocation notice is given, the Landlord must offer the Tenant a new lease of the alternative shop (new lease). That offer must contain the following:
(A) the rent for the alternative shop, which must be no more than the Rent payable for the Premises under this lease, adjusted to take into account any difference in the commercial values of the Premises and the alternative shop at the time of relocation;
(B) the terms and conditions of the lease, which are to be the same, or better, terms and conditions as this lease except that the term of the new lease is to be no shorter than the remainder of the Term of this lease;
(C) the date by which the Tenant must accept the Landlord’s offer (which must be at least 30 days after the date of the offer); and
(D) that the Tenant’s acceptance of the offer must be in writing.
(vii) If the Tenant accepts the offer on or before the date specified under clause 21.2(c)(vi)(C):
(A) the Landlord must provide the Tenant with the new lease not later than 30 days after the Tenant accepts the offer;
(B) the Tenant must execute the new lease and return it to the Landlord not later than 30 days after being provided with the lease by the Landlord;
(C) the Landlord is responsible for arranging the preparation of the n...
Redevelopment. The 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.
Redevelopment. 1.1 The Applicant warrants that the information provided in the Grant Application is true and accurate to the best of the Applicant’s knowledge.
1.2 The Applicant understands that any funding provided by the City will be subject to the eligibility criteria specific for each Phase of the Grant Program as outlined in Schedule “C” – Grant Payment Requirements.
Redevelopment. Any redevelopment of an existing development shall be subject to the standards in this section.
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. During 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.
Redevelopment. If Licensor successfully acquires the fee simple interest in all of the Remaining Property pursuant to the terms of the Subsequent Purchase Agreement, Licensor will succeed to HRF’s rights as the developer of the Project and, in such event, intends to redevelop the Project (the “Redevelopment”) to, among other things, (i) consolidate and resubdivide some of the existing CPR Ag Lots to create additional, reconfigured CPR Ag Lots, including a CPR Ag Lot roughly approximating the location and boundaries of the Ag Lot (the “Converted CPR Ag Lot”);
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.
