Examples of Balance of the Ranch in a sentence
Prior to the Entitlements being obtained, if the Members fail to agree after good faith negotiations and CEO Referral (as defined above), upon any decision of the Company involving the Balance of the Ranch, the process for resolving the disagreement shall be determined by the Members.
It is the Members’ intent that such access shall be provided through existing rights-of-way and that the Company and Tejon shall have no obligation to construct any improvements in connection with such access, to provide the public with rights of access to the Balance of the Ranch, or to otherwise incur any cost or expense in connection with providing such access.
Public Service Association (Professional Branch), Stipendiary Magistrates’ Vocational Branch - No. 1.2. Sterland, R., S.M. 3.
Except as otherwise provided in this Agreement or in the Business Plan, any decisions and actions pertaining to the ownership, operation, financing, construction or development of the Balance of the Ranch shall be exclusively controlled by Tejon.
The Company and Tejon, as appropriate, shall provide non-exclusive access to the Mitigation Land through the Master Project and the Balance of the Ranch, respectively, if such access is required by the appropriate governmental agency; provided, however, that such non-exclusive access shall not in any way materially interfere with or affect the Company’s or Tejon’s ownership, operation, construction or development of the Master Project or the Balance of the Ranch.
Tejon agrees to keep the Executive Committee informed regarding its ownership, operation, financing, construction and/or development of the Balance of the Ranch to the extent the same could materially affect the entitlement, operation, communications with regulatory agencies and members of the environmental community, financing, construction or development of the Master Project.
The Members shall use their diligent and good faith efforts to agree upon cost sharing arrangements involving the Company and the Balance of the Ranch for the construction of the Improvements as shall be more fully set forth in the Entitlement Business Plan and the Development Business Plan.
Notwithstanding the foregoing, only DMB shall be obligated hereunder to maintain as confidential any information relating to the Balance of the Ranch.
DMB and the Company acknowledge that they do not have any right, title or interest in or to any portion of the Balance of the Ranch, except as specifically and expressly provided in this Agreement.
Subject to Sections 7.3 and 9.1, DMB, the Company and Tejon covenant to reasonably cooperate with each other in the development of the Master Project and the Balance of the Ranch.