Development Obligations definition

Development Obligations. As defined in Section 2.03.
Development Obligations means all payment and performance obligations imposed on the Waisterisk Project Entities, the Waisterisk Sellers, any Waisterisk SPE Entity, any Affiliates of the Waisterisk Project Entities, the Waisterisk Sellers or any Waisterisk SPE Entity, and/or the Properties by any Governmental Authority or any other Person with jurisdiction over any of the Properties in connection with the development thereof (including, without limitation, any obligations for the payment of development fees and/or the construction or installation of off-site improvements, and any traffic mitigation measures required to be taken in connection with the development of any one or more Properties).
Development Obligations means the obligations on the part of the Developer contained or referred to in Clauses 3, 4, 5, 6, and 7 (except 7.9 and 7.11) of the Development Agreement a copy of which clauses together with the relevant definitions, Clause 23 and Schedules 1, 2, 3, 6 and 7 are annexed to this Agreement at Appendix C provided that as a result of modifications and alterations during the course of the project the Approved Plans and Specifications referred to in definition 1.1.2 have become the Works Specifications.

Examples of Development Obligations in a sentence

  • The Mandatory Development Obligations shall enter into commercial service on Project COD whereupon the Concessionaire shall be entitled to provide Hospitality Services and charge Revenue from the Users, subject to compliance with Applicable Laws, Applicable Permits, Good Industry Practice and provisions of this Agreement.

  • The Concessionaire shall undertake the Mandatory Development Obligations, where the Development Works shall commence from the Appointed Date and shall be completed in accordance with the Project Completion Schedule as set forth in Schedule G.

  • Notwithstanding the above, the Concessionaire shall keep all unaffected parts of the Mandatory Development Obligations open provided they can be operated safely.

  • Such Drawings shall be prepared in accordance with the Specifications and Standards and in accordance with the Project Completion Schedule and the Development Obligations.

  • To operate and maintain the Project Facilities, within the specified Concession Period and to keep the Mandatory Development Obligations ready to use (i.e. operational & functional) in all respects during the Concession Period.


More Definitions of Development Obligations

Development Obligations. As defined in Section 8.1. Development Property: Collectively, the Development Land and the Improvements thereon.
Development Obligations. As defined in Section 4.2 and, including, without limitation, the Guarantied Obligations. DOLLARS: Lawful money of the United States of America.
Development Obligations the obligations relating to the undertaking and bringing to completion the construction of a purpose built building, fencing and other improvements on the Property in accordance with the Nature Reserve Building Specifications, which will constitute the Leased Premises to be used by the Lessee for the purpose of preservation, refurbishment and running the Nature Reserve as set out in the Agreement
Development Obligations has the meaning set forth in Section 3.2(a)(i).
Development Obligations means the obligations under the infrastructure agreement other than the obligations to be
Development Obligations shall have the meaning ascribed to the term in Section 2.1 hereto;
Development Obligations. As defined in Section 8.1(u). Development Property: Collectively, the Development Land and the Improvements thereon. Discharge of Negative Pledge Agreement: That certain Cancellation and Termination of Negative Pledge Agreement, dated as of the Effective Date, between Borrower and Nordic/PCL. Draw #29: The requisition, dated January 7, 2009, delivered under the Original Loan Agreement for an advance in the amount of $14,037,758.08 Effective Date: The date hereof.