Sub-Phases. The Parties intend that Sub-Phases allow for more detailed planning of smaller-scale areas within the Major Phase. Sub-Phase boundaries shall correspond to the boundaries in applicable Subdivision Maps or as otherwise set forth in the Major Phase Approval. The Agency’s consideration and Approval of each Sub-Phase Application in the manner set forth in the DRDAP (each, as amended from time to time, a “Sub-Phase Approval”) is required before the Agency’s consideration of and grant of a Vertical Approval for any Vertical Improvements for that Sub-Phase.
Appears in 5 contracts
Samples: Disposition and Development Agreement, Disposition and Development Agreement, Disposition and Development Agreement (Five Point Holdings, LLC)
