Examples of Community Builder Lot in a sentence
In consideration of such participation, the Fee Developer Community Builder will receive compensation (the “Development Fee”) of up to three percent (3%) of either: (a) the direct costs associated with the vertical construction of the applicable Community Builder Lot (the “Cost Model”) or (b) the gross revenues of the applicable Community Builder Lot (the “Revenue Model”).
A “Fee Developer Community Builder” is a Community Builder which enters into a customary development services agreement (the “Fee Developer Agreement”) with the Vertical Developer the applicable Community Builder Lot pursuant to which the Fee Developer Community Builder participates in the day-to-day development of the applicable Community Builder Lot.
The Developer/Community Builder Joint Venture Agreement shall require the Community Builder to contribute a material portion of the anticipated costs of acquiring its assigned Community Builder Lot in accordance with the terms set forth in the DDA and the anticipated costs of completing the anticipated Vertical Improvements for such Community Builder Lot and the return thereon shall be commensurate with the portion so contributed by the Community Builder.
An “Independent Community Builder” is a Community Builder which possesses the capacity to (1) acquire its assigned Community Builder Lot in accordance with the terms set forth in the DDA, (2) negotiate a Vertical DDA mutually acceptable to such Community Builder and the Agency and (3) complete the Vertical Improvements for such Community Builder Lot in accordance with the terms of such Vertical DDA.
Under such model, the Independent Community Builder would be solely responsible for acquiring and developing the applicable Community Builder Lot in accordance with the terms of this Agreement, the DDA and the Vertical DDA.
Due to the phased nature of the Project, the Community Builders Pool may be formed and Community Builders may be selected therefrom significantly in advance of the Completion of the Infrastructure for a particular Community Builder Lot.
The Fee Developer Agreement will not require the Community Builder to contribute capital to either (i) acquire the applicable Community Builder Lot or (ii) complete the Vertical Improvements for such Community Builder Lot.
Business Background Early in 2010, HPC3 was aware that it was running out of space in the current contact centre.
Provided that in case of no current complaint on account of stopped / damaged / burnt meter, the Nigam shall replace the meter within 48 hrs of reporting by the consumer or detection by the Nigam, as the case may be, unless it is established that the meter has been tampered or damage in any way including excess load by the consumer, in which case the Nigam shall replace the meter within 48 hours after depositing the amount of security of meter towards cost of meter by the consumer.