Representations as to Redevelopment Sample Clauses

Representations as to Redevelopment. The Redeveloper represents and agrees that its purchase of the Property and its other undertakings pursuant to the Agreement are, and will be, used for the purpose of redevelopment of the Property and not for speculation in land holding. The Redeveloper further recognizes that, in view of:
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Representations as to Redevelopment. The Company represents and agrees that its purchase of the Disposition Parcels and its other undertakings pursuant to this Agreement are for the purpose of redevelopment of the Disposition Parcels and not for speculation in land holding. The Company further acknowledges and agrees that, in view of the importance of the redevelopment of the Disposition Parcels to the community, the qualifications and identity of the Company and Xxxxx X. Xxxxxxxx and Xxxx X. Xxxxxx, as its principals (each a "Principal" and collectively, the "Principals") are essential to the community.
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Representations as to Redevelopment. The Redeveloper further recognizes that, in view of:
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Representations as to Redevelopment. PURCHASER represents and agrees that its purchase of the Subject Property and its other undertakings pursuant to this Agreement are (and the Subject Property, when purchased, shall be used for) for the purpose of redevelopment and not for speculation. PURCHASER further recognizes that in view of:
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Representations as to Redevelopment. The YIDA represents agrees and the Company acknowledges that this Lease and the undertakings required pursuant to this Lease and the Sublease are for and shall be used for the purpose of urban renewal and redevelopment under Article 15 and not for speculation. XXXX agrees, and the Company further acknowledges that in view of:
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Representations as to Redevelopment. The Redeveloper represents to the Agency and the City and agrees that the Acquisition Property to be purchased by the Redeveloper and the Redeveloper’s other undertakings pursuant to this Agreement are, and will be used, for the purpose of the redevelopment of the Property and not for speculation in land holding. The Redeveloper further recognizes that, in view of:
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Representations as to Redevelopment. The Developer represents and agrees that its purchase of the Building Site and its other undertakings pursuant to this Agreement are for the purpose of redevelopment and not for speculation. The Developer further recognizes that in view of:
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Related to Representations as to Redevelopment

  • Representations and Covenants In accordance with IRS Notice 2001-82 and IRS Notice 88-129, the Interconnection Customer represents and covenants that (i) ownership of the electricity generated at the Large Generating Facility will pass to another party prior to the transmission of the electricity on the CAISO Controlled Grid, (ii) for income tax purposes, the amount of any payments and the cost of any property transferred to the Participating TO for the Participating TO's Interconnection Facilities will be capitalized by the Interconnection Customer as an intangible asset and recovered using the straight-line method over a useful life of twenty (20) years, and (iii) any portion of the Participating TO's Interconnection Facilities that is a “dual-use intertie,” within the meaning of IRS Notice 88-129, is reasonably expected to carry only a de minimis amount of electricity in the direction of the Large Generating Facility. For this purpose, “de minimis amount” means no more than 5 percent of the total power flows in both directions, calculated in accordance with the “5 percent test” set forth in IRS Notice 88- 129. This is not intended to be an exclusive list of the relevant conditions that must be met to conform to IRS requirements for non-taxable treatment. At the Participating TO’s request, the Interconnection Customer shall provide the Participating TO with a report from an independent engineer confirming its representation in clause (iii), above. The Participating TO represents and covenants that the cost of the Participating TO's Interconnection Facilities paid for by the Interconnection Customer without the possibility of refund or credit will have no net effect on the base upon which rates are determined.

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