Commercial Lots definition
Examples of Commercial Lots in a sentence
As set forth in the Planning Cooperation Agreement, the Planning Commission shall review and Approve the design of specific office developments on Commercial Lots containing office development that is subject to Planning Code sections 320-325 pursuant to the Redevelopment Plans.
The Agency, Developer and Vertical Developers, as applicable, shall work collaboratively with the Planning Department to ensure that design issues are discussed as early in the review process as possible and that the Agency and the Planning Commission act consistently with respect to the design of specific office developments on the Commercial Lots.
The Parties acknowledge that except as otherwise provided for certain Commercial Lots described in Section 17.2 hereof, and Required Improvements, there shall be no Outside Date for the Transfer or Vertical Development of Market Rate Lots and Commercial Lots.
Following the issuance of a Certificate of Completion for all of the Infrastructure required for a Sub-Phase containing Commercial Lots in Parcel C, Developer shall use good faith efforts to promptly sell such Commercial Lots on commercially reasonable terms Approved by Developer.
This indemnification shall survive termination of this Agreement or expiration of the Term as well as the purchase of the Resort and/or Resort Services Commercial Lots by Operator or any Affiliate of Operator.
Developer by itself or in joint ventures with other development partners (“Developer Commercial JVs”) shall have the right, but not the obligation, to develop the Critical Commercial Lots, subject to the timing set forth in this Section 17.2.1; provided, Developer shall have the obligation to develop the Required Improvements in accordance with the Schedule of Performance.
The applicable Non-Critical Commercial Lots on Public Trust property shall be ground leased directly by the Authority to the Vertical Developers.
Developer or a Developer Commercial JV may, in its sole discretion, subsequently convey any of the developed Critical Commercial Lots (the “Developed Critical Commercial Lots”) to a third party; provided, however, that any and all revenues received by Developer or a Developer Commercial JV arising from or associated with the conveyance of the Developed Commercial Lots shall be included in Gross Revenues.
Releases as to Commercial Lots may be requested by the Borrower provided that the principal balance of this Note does not exceed $3,000,000.00, provided that the resulting Credit Balance to Collateral Value ratio does exceed 60%, and subject to the requirements of Section B, above.
Should Operator elect, it may accept the Resort and/or Resort Services Commercial Lots conditionally, subject to such deficiencies being remedied by Master Manager.