Development Entity definition

Development Entity means the Short-listed Proposer which is selected by PennDOT following the RFP process to become PennDOT’s private partner for the Project under the terms of the PPA.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Development Entity means any natural person, corporation, part-

Development Entity means an entity engaged in the development of real estate.

Examples of Development Entity in a sentence

• The Development Entity shall diligently perform the work necessary to achieve such Safety Compliance until completion.

• If the Parties cannot agree on the extent of any delay incurred or relief from the Development Entity’s obligations under this PPA, or the Department disagrees that a Relief Event has occurred (or as to its consequences), or that the Development Entity is entitled to relief under this Article 12 (Supervening Events), the Parties shall resolve the matter in accordance with the Dispute Resolution Procedures.

• The Development Entity agrees to use its Reasonable Efforts to accommodate or otherwise resolve any such comments or objections through the review processes described in this Article 4 (Review of Submittals).

• The Department shall provide written notice to the Development Entity of the occurrence of a Development Entity Default.

• If the Office of Attorney General consents (in its sole discretion) to the Development Entity’s conduct and control of any Third-Party Claim, the Department shall cooperate with all reasonable requests of the Development Entity made in respect of such Third-Party Claim.

More Definitions of Development Entity

Development Entity means an entity which is a party to an

Development Entity. As defined in Section 4.1(e).

Development Entity means an entity which is a party to a public-private

Development Entity means the entity identified, or otherwise established, by the Successful Proposer to enter into the PPTA. The Development Entity shall develop, design, finance, construct, operate and maintain the Project for the term of the PPTA.

Development Entity means ▇▇▇▇▇▇▇▇▇▇ Harbor Riverboats, LLC, a Delaware limited liability company that owns certain real estate and related assets in the vicinity of the Gary Facility.

Development Entity means a Subsidiary that owns a Property classified as or previously classified as Construction-in-Process in respect of which either (a)(i) the Trust, a Wholly Owned Subsidiary of the Trust or a Controlled JV Subsidiary is the sole general partner or managing member of such Development Entity, (ii) the Trust is the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of no less than 80% of the economic interest of such Development Entity, and (iii) the Trust or a Controlled JV Subsidiary thereof, directly or indirectly, has the right to acquire, under the limited liability company agreement or limited partnership agreement governing such Development Entity, 100% of the remaining Equity Interest of such Development Entity after Stabilization of the Property owned by such Development Entity.

Development Entity shall have the meaning set forth in Section 3.4(a).