Development Entitlements definition
Development Entitlements means those documents and materials governing development of the Property listed on Exhibit B attached hereto.
Development Entitlements shall have the meaning set forth in Section 4.29.
Development Entitlements means all zoning and/or land use entitlements, development rights, and appurtenances accruing to the Property, and/or related to the development thereof, under, or by reason of, any applicable zoning and/or land use ordinance or other law, rule, regulation, or ordinance. “Diligence Notice” shall have the meaning assigned thereto in Section 7.2(a). “Due Diligence Period” shall mean the period ending on the Effective Time. “▇▇▇▇▇▇▇ Money” shall have the meaning assigned thereto in Section 2.2(b). “▇▇▇▇▇▇▇ Money Escrow Account” shall have the meaning assigned thereto in Section 15.5(a). “Effective Date” shall have the meaning assigned thereto in the Preamble to this Agreement. “Effective Time” shall mean the time on the Effective Date when this Agreement is first executed by each of Seller and ▇▇▇▇▇. “Employee” shall mean any individual currently or previously employed by Resort Seller to provide services at or with respect to the Property. “Employee Benefit Plans” shall mean all employee benefit plans, as that term is defined in Section 3(3) of ERISA, and all other employment, severance pay, salary continuation, retention, severance, bonus, incentive, stock option or restricted stock unit or other equity-based or phantom award, stock purchase, retirement, pension, welfare, training, vacation, fringe benefit, profit sharing, deferred compensation and other employee benefit or compensation plans, policies, programs, agreements or arrangements of any kind, in each case, maintained by the Resort Seller or its Affiliate for the benefit of any Employee or other individual service provider engaged for services with respect to the Property. “Employee Census” shall have the meaning assigned thereto in Section 14.1(a).
Examples of Development Entitlements in a sentence
Following the Effective Date until the Closing or earlier termination of this Agreement, Seller shall not and shall not permit any Affiliate to agree to any change the current zoning of the Property and shall maintain in full force and effect the Development Entitlements.