Development Party definition
Examples of Development Party in a sentence
The Development Party desiring an expert determination shall give the other Development Party written notice of the request for such determination.
Subject to the preceding sentence, each Development Party, on behalf of itself and each of its Affiliates, waive any right to recover punitive, special, exemplary and consequential damages, including damages for lost profits, arising in connection with or with respect to this Agreement, the Associated Agreements or the transactions contemplated hereby and thereby.
All communications between any Development Party and the expert shall be conducted in writing, with copies sent simultaneously to the other Development Party in the same manner, or at a meeting to which all Development Parties have been invited and of which such Development Parties have been provided at least five (5) Business Days notice.
All of the foregoing components of the Project shall be reflected in a Phasing Plan jointly submitted by the Developer Parties and Development Plans submitted by respective Development Party, to be approved by NTIFA in accordance with the terms set forth in Section 2.02 of this Agreement.
Following receipt of Joint Development Operator’s proposed Annual Work Program and Budget, each Development Party shall furnish to Joint Development Operator and the other Development Parties any comments, suggestions or proposed amendments it may have respecting the proposed Annual Work Program and Budget as soon as may be reasonably practicable, and Joint Development Operator shall consider and discuss such comments, suggestions and proposed amendments with the Operating Committee.