Annual Review Date definition
Examples of Annual Review Date in a sentence
Not more than sixty (60) days and not less than forty-five (45) days prior to the Annual Review Date, Developer shall provide a letter to the Planning Director containing evidence to show compliance with this Agreement.
Upon request by the Planning Director, but not more than sixty (60) nor less than forty-five (45) days before the Annual Review Date, Developer shall provide a letter to the Planning Director explaining, with appropriate backup documentation, Developer’s compliance with this Agreement, including, but not limited to, compliance with the requirements regarding Community Benefits.
Not more than sixty (60) days and not less than forty-five (45) days prior to the Annual Review Date, the Landowner and each Required Transferee shall provide a letter to the Local Agency’s Planning Director demonstrating its compliance with this Agreement, including, but not limited to, compliance with the requirements regarding the Phasing Plan and the public benefits to be provided under this Agreement.
Pursuant to Section 65865.1 of the Development Agreement Statute and Section 56.17 of the Administrative Code (as of the Effective Date), at the beginning of the second week of each January following final adoption of this Agreement and for so long as the Agreement is in effect (the "Annual Review Date"), the Planning Director shall commence a review to ascertain whether Developer has, in good faith, complied with the Agreement.
On each Fixed Percentage Annual Review Date, the Base Rent payable by the Tenant under this lease will be the Base Rent payable immediately before the relevant Fixed Percentage Annual Review Date increased by 4.5%.