Common Contracts
1 similar Development and Financing Assistance Agreement contracts
TERM SHEET: GAIA HOLDINGS, LLC DEVELOPMENT AND FINANCING ASSISTANCE AGREEMENTDevelopment and Financing Assistance Agreement • May 11th, 2022
The purpose of this term sheet is to outline the general terms under which the Stillwater Economic Development Authority, a public trust (“SEDA”) and Gaia Holdings, LLC, an Oklahoma limited liability company (“Redeveloper”) intend to enter into a Development and Financing Assistance Agreement (“Assistance Agreement”) to provide assistance in development financing to the Redeveloper for the proposed development pursuant to the Stillwater (Re)Investment Plan (A Stillwater Downtown/Campus Link Project Plan) (“Project Plan”). Neither this term sheet nor any oral representations or promises create a binding commitment on the part of either party; a legally binding commitment will result only from the delivery of definitive and mutually acceptable legal documentation approved by the Board of Trustees of SEDA and executed by both parties.
