Subsequent Developer Sample Clauses

Subsequent Developer. The Contracting Party agrees that, if (i) the Company notifies the Contracting Party in writing that, pursuant to the Construction Document Assignment Agreement, the Company has exercised its rights to have itself substituted for Delta under the Assigned Agreement, or (ii) the Trustee notifies the Contracting Party in writing that, pursuant to the Security Agreements, the Trustee has exercised its rights to have itself or an agent acting for or on its behalf or any Interim Terminal Operator or Qualified Terminal Operator (each as defined in the PA Lease) (each a “Trustee Designee”) substituted for Delta under the Assigned Agreement or that it has otherwise assigned, foreclosed or sold the Assigned Interests or any portion thereof including, without limitation, to a Foreclosure Purchaser (as defined in the PA Lease), then (a) the Company, the Trustee (or any Trustee Designee) or any purchaser or assignee of the Assigned Interests (such purchaser or assignee, a “Subsequent Developer”), as applicable, shall be substituted for Delta under the Assigned Agreement, and (b) the Contracting Party shall (i) recognize the Company, the Trustee (or any Trustee Designee) or the Subsequent Developer, as the case may be, as its counterparty under the Assigned Agreement, and (ii) continue to perform its obligations under or in connection with the Assigned Agreement in favor of the Company, the Trustee (or any Trustee Designee) or the Subsequent Developer, as the case may be; provided, however, that the Company, the Trustee (or any Trustee Designee) or such Subsequent Developer, as the case may be, has assumed in writing all of Delta’s rights and obligations (including, without limitation, the obligation to cure any then existing payment and performance defaults, but excluding any obligation to cure any then existing performance defaults which by their nature are incapable of ever being cured) under the Assigned Agreement.
Sample 1
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Related to Subsequent Developer

  • Subsequent Developments After the date of this Contract and until the Closing Date, Seller shall use best efforts to keep Buyer fully informed of all subsequent developments of which Seller has knowledge (“Subsequent Developments”) which would cause any of Seller’s representations or warranties contained in this Contract to be no longer accurate in any material respect.

  • Independent Development Receiving Party may currently or in the future be developing information internally, or receiving information internally, or receiving information from other parties that may be similar to the Disclosing Party's Confidential Information. Accordingly, nothing in this Agreement will be construed as a representation or inference that Receiving Party will not develop or have developed products or services, that, without violation of this Agreement, might compete with the products or systems contemplated by the Disclosing Party's Confidential Information.

  • Joint Development If joint development is involved, the Recipient agrees to follow the latest edition of FTA Circular 7050.1, “Federal Transit Administration Guidance on Joint Development.”

  • Commencement of Development 5.3.1 In the event that development on the Lands has not commenced within five (5) years from the date of registration of this Agreement at the Registry of Deeds or Land Registry Office, as indicated herein, the Agreement shall have no further force or effect and henceforth the development of the Lands shall conform with the provisions of the Land Use By-law. For the purpose of this section, commencement of development shall mean issuance of a Mobile Home Park Construction Permit. 5.3.2 For the purpose of this section, Council may consider granting an extension of the commencement of development time period through a resolution under Section 4.1 of this Agreement, if the Municipality receives a written request from the Developer at least sixty (60) calendar days prior to the expiry of the commencement of development time period.

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement. a. Develop a Work Breakdown Structure (WBS) for each project. b. Evaluate Scope Statement to develop a preliminary cost estimate and determinate whether project be vendor bid or be executed under a Job Order Contract (JOC).

  • Staff Development ‌ The County and the Association agree that the County retains full authority to determine training needs, resources that can be made available, and the method of payment for training authorized by the County. Nothing in this subsection shall preclude the right of an employee to request specific training.

  • Agreement Deviation/Compliance Does the vendor agree with the language in the Vendor Agreement?

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Sustainable Development 4.1 The Authority will review the Contractor’s Sustainable Development Policy Statement and Sustainable Development Plan submitted by the Contractor in accordance with the Schedule (Sustainable Development Requirements) and then at least annually thereafter. 4.2 Sustainable Procurement Risk Assessment Methodology (SPRAM) is a tool used by the Authority to identify and mitigate any potential risks to sustainability in contracts. The process requires that each Contract be assessed for its potential social, economic and environmental risks, throughout the various stages of its lifetime. Where risks are identified, appropriate mitigation action is required to reduce or eliminate the risk to sustainability. The Authority may at times require input from the Contractor in order to ensure that this process is given the required levels of consideration.

  • Sponsor The Sponsor is authorized to prepare, or cause to be prepared, execute and deliver on behalf of the Trust, any such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Trust or the Owner Trustee to prepare, file or deliver pursuant to the Basic Documents. Upon written request, the Owner Trustee shall execute and deliver to the Sponsor a limited power of attorney appointing the Sponsor as the Trust’s agent and attorney-in-fact to prepare, or cause to be prepared, execute and deliver any such documents, reports, filings, instruments, certificates and opinions.

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