Examples of Commercial Development in a sentence
The Parties acknowledge and agree that the Residential Development and Commercial Development will follow separate development timelines and that submittals for each may be made at separate times.
The Owners' Committee shall consist of nine (9) members of which eight (8) members shall be elected by the Owners of the Residential Development and one (1) member by the Owner(s) of the Commercial Development, or of such number of members as the Owners may from time to time by resolution at a meeting of the Owners decide.
Unless earlier terminated as provided in this Agreement, this Agreement shall terminate for the Residential Development on the later of (i) ten (10) years from the Effective Date or (ii) issuance of the final certificate of occupancy for the final structure in the Residential Development; for the Commercial Development on the later of (i) ten (10) years from the Effective Date or (ii) issuance of the final certificate of occupancy for the final structure in the Commercial Development.
Each of the Residential Development and Commercial Development are entitled to the same timing as described above.