Completion of Development definition

Completion of Development means, with respect to the Initial Facilities (i) the completion of all Development Work, (ii) the receipt of all Permits and Approvals necessary for the construction of the Project, (iii) the completion of definitive forms of the principal Construction Agreements, (iv) the completion of the definitive Budget and Plan of Finance for the Cost of Acquisition and Construction, and (v) a determination by the Project Management Committee that the Project is feasible and that the construction of the Initial Facilities should proceed, all as more fully described in Section 6.
Completion of Development means a certificate of occupancy has been issued.
Completion of Development. The terms "Complete Development", Completion of Development", "Completion", "Complete", "Complete the Casino Support Facilities", and terms of like import mean and refer to the occurrence of all of the following: Franchisee shall, in good faith, have taken essential steps toward the completion of construction of the Casino Support facilities free of (or shall have bonded against) Prohibited Liens; Franchisee shall have obtained a permanent or temporary certificate of occupancy for the use of the Casino Support Facilities and all public areas, mechanical space, and other service areas; Franchisee shall be in full compliance with all of the terms and conditions of this Agreement; and Franchisee shall have commenced gaming operations according to the provisions of Section 5, Development and Construction of Gaming Facilities and Casino Support Facilities.

Examples of Completion of Development in a sentence

  • As soon as practicable upon the completion of the development of the site, as authorised in the associated grant of permission, a Notice of Completion of Development must be given in writing to the Council.

  • Following completion of development, the applicant should also submit a Notice of Completion of Development to the Council.

  • When California departments or agencies develop automation projects, they often attempt to use the project justification as a means to secure newer technology.Deployment of newer technology is then funded via project budgets and is typically limited to the business area that is the subject of a single project scope.

  • NET and the FOunders agree to take all necessary actions to casue TSI to pay, or for NET to pay directly, any amount of the $425,000 that is not used to pay third parties to be immediately payable in equal amounts to the Founders upon Completion of Development.

  • For purpoases hereof, the TradeAnywhere™ software development shall be deemed to be completed upon the earlier of the (i) completion of software pursuant to the written requirements for such software attached as Schedule 3.2; or (ii) the use of such software in actual production or commercial purposaes by any person or entity (either, the "Completion of Development").

  • Other Provisions of This Agreement and other Financing Documents 41 8.3. Representations and Warranties 42 8.4. Progress of Development 42 8.5. Completion of Development 42 8.6. Default Under Construction Contracts 42 8.7. Mechanic's Lien 42 8.8. Liquidation, Termination, Dissolution, etc.

  • Provided, however, nothing in this Lease shall be construed to prohibit any individual member of Tenant from making transfers or gifts of non- managing interests in Tenant to his or her spouse, lineal descendants, and principals and/or employees of Tenant or its Affiliates provided that Xxx Xxxxxx and Xxx Xxxxxx (“Key Principals”) retain control of and a material interest in Tenant until Completion of Development (as defined below).

  • East Ayrshire Council Planning and Economic Development Division has prepared a Notification of Completion of Development form for the applicant/developer to complete and this will be sent out to all applicants/agents if planning permission is granted with the decision notice.

  • To be eligible, the Applicant must meet all of the Mandatory Items below: Confirmation of Completion of Development prior toDecember 31, 1999 Section Four, 5.a.Utility metering type selected for electricity and, ifapplicable, gas Section Four, C.If Individually Metered Property, utility provider selectedfrom list of providers for electricity, and if applicable, gasSection Four, C.1.a. andC.2.a.Executed Applicant Certification and Acknowledgement(original signature in “Original Hard Copy”) Section Four, E.

  • The Purchase Agreement provides that Exelon must pay the Earn Out if “the Blissfield Wind Project achieves Completion of Development and Commencement of Construction.” A319, § 2.6(a).


More Definitions of Completion of Development

Completion of Development means first filing for pre-IDE, 510 (K) or other equivalent regulatory step with the FDA or other regulatory authority). 50,000 Euros
Completion of Development means, with respect to the Initial Facilities (i) the completion of all Development Work, (ii) the receipt of the COL and all other Permits and Approvals necessary for the construction and operation of the Project, (iii) the completion of definitive forms of the principal Construction Agreements for the Initial Facilities, (iv) the completion of the definitive Budget and Plan of Finance for the Cost of Acquisition and Construction of the Initial Facilities, and (v) a determination by the Project Management Committee that the Project is feasible and that the construction of the Initial Facilities should proceed, all as more fully described in Section 505.

Related to Completion of Development

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Development Work means all work and services necessary or desirable in connection

  • Development means any man-made change to improved or unimproved real estate, including, but not limited to, buildings or other structures, mining, dredging, filling, grading, paving, excavation or drilling operations, or storage of equipment or materials.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Phase 2 means the phase of the ATP comprised of: (1) improvements to the State Street Substation to receive Rebuilt Line 972; (2) the rebuilding of NYSEG’s existing Line 972 not performed in Phase 1; (3) construction of Relocated Line 15; (4) the construction of Bused Line 5; (5) improvements to the Elbridge Substation to receive Relocated Line 15; and (6) improvements to the Elbridge Substation to receive Bused Line 5.