Examples of City Development Agreement in a sentence
The Lessor shall approve or reject the proposed Plans and Specifications in accordance with the requirements of the City Development Agreement.
Throughout the Term of this Lease, Lessee shall use the Premises solely for the Project purposes as set forth in the City Development Agreement, which purposes shall be limited to the operation of the Workforce Housing Units, Dormitory Housing, and ground-floor cultural or retail uses, provided, however, that in no event shall any such ground floor cultural or retail uses include any of the Prohibited Uses, as set forth in Section 11(f) below.
In addition to the foregoing, the Lessee shall enter into a Development Agreement with Servitas, LLC, as Developer, which shall contemplate the Developer's entering into the Construction Contract and the Architect's Agreement for the development of the Project, in accordance with the City Development Agreement.
The Lessee shall use its best efforts not to use the Premises or any part thereof, or to suffer or to permit the Premises or any part thereof to be used, in any manner that would constitute a legal nuisance or an unreasonable annoyance to any resident, employee, or visitor to the Project or for any hazardous purpose, or for any other purpose that is inconsistent with the use restrictions set forth in Section 11 of this Ground Lease or the Project restrictions as set forth in the City Development Agreement.
Failure to approve or reject any proposed Plans and Specifications within the time periods specified in the City Development Agreement shall be deemed approved by the Lessor.
The Lessee shall incorporate such revisions as are reasonably acceptable to the Lessee and submit the same for the Lessor's approval or rejection, within the timeframes specified in the City Development Agreement.
The Lessor agrees not to withhold unreasonably the approval required by this subsection and the City Development Agreement.
The Lessor shall either approve the proposed changes to the Plans and Specifications or specify the particular changes with reasonable detail, if possible, which must be made to such document(s) for them to be reasonably acceptable to the Lessor, in accordance with the requirements of the City Development Agreement.
As of the Commencement Date, Lessee expressly assumes all of the obligations of the Developer under the City Development Agreement (except for any obligations which have been fully satisfied or performed by the Developer prior to the Commencement Date).