Examples of Closing Phase in a sentence
The activities during the Induction Program would have an Initial Phase, a Regular Phase and a Closing Phase.
The obligation to indemnify under this Section shall terminate on the later of January 1, 2040, or 15 years following the date of the Closing Phase that pertains to that parcel; provided, however, that the obligation shall not terminate as to Claims asserted in an action filed prior to the termination date.
Following the Agency’s notification, the Agency and Developer shall use reasonable efforts to effectuate the applicable Park Transfer Closing Phase.
Before the Initial Closing Phase, the Agency and Developer shall take reasonable efforts to relinquish to the City any right, title and interest of such party in the Hilltop Trust Streets as may be required to complete the Initial Closing Phase.
Notwithstanding anything in this DDA to the contrary, the Agency shall be under no obligation to acquire any Park Transfer Parcels, or to quitclaim the Park Addition or the Yosemite Slough Addition to the State, before Developer’s full satisfaction of all of the obligations required to effectuate the applicable Park Transfer Closing Phase.
Without limiting the generality of any other conditions precedent to the Agency’s obligation to convey real property under this DDA, the Parties agree it is a condition precedent to the Agency’s obligation to convey any real property within the Xxxxx Xxxxxxxx Site to Developer, and for Developer to take title to the same, that the Agency has acquired that portion of the Xxxxx Xxxxxxxx Site, and that any necessary Trust Exchange Closing Phase and Park Transfer Closing Phase have been completed.
The Parties acknowledge that, in accordance with the Public Trust Exchange Agreement, the governing body of State Lands (the State Lands Commission) must approve each Trust Exchange Closing Phase and State Lands may impose certain conditions before it approves a Trust Exchange Closing Phase, including but not limited to certain conditions required by SB 792.
If a Park Transfer Closing Phase requires the quitclaim to the State by the Agency of its interest in the Park Addition or the Yosemite Slough Addition.
Neither Developer nor the Agency shall engage in any activities that would be reasonably expected to jeopardize the Agency’s ability to satisfy the conditions for the Public Trust Exchange or any Trust Exchange Closing Phase as set forth in SB 792 or the Public Trust Exchange Agreement.
Schedule The activities during the Induction Program would have an Initial Phase, a Regular Phase and a Closing Phase.