Examples of Entitlement Business Plan in a sentence
The initial Development Business Plan shall be developed, agreed upon and initialed by the Members in accordance with this Agreement prior to the date upon which the permitted business of the Company is expanded to include the Development Stage Business and shall replace the Entitlement Business Plan.
The Entitlements shall be substantially consistent with the goals stated in the Entitlement Business Plan.
Prior to the Existing Property Contribution, in the event the Executive Committee fails to approve any Entitlement Business Plan, annual updates thereof, or material modification proposed thereto or any matter which the Executive Committee has authority to determine under this Agreement, other than the initial adoption of any Development Business Plan and other than any matters specified in Section 7.1C(2) below, the Members shall cooperate in good faith in an effort to agree regarding any such matter.
If the Executive Committee calls for any additional Capital Contribution during the Entitlement Stage (i) to further the purposes of the Entitlement Stage Business, (ii) to make Centennial RWA Reimbursements, or (iii) to implement the Entitlement Business Plan (collectively, the “Remaining Entitlement Period Contributions”), then each Funding Member shall be required to contribute such Member’s then Percentage Interest of the applicable Total Call Amount.
During the Entitlement Stage and Development Stage, DMB shall make additional Capital Contributions in an aggregate total amount up to One Hundred Million Dollars ($100,000,000) as and when necessary to fund the operations of theCompany in accordance with the Entitlement Business Plan and the Development Business Plan or as otherwise Approved by the Executive Committee (“DMB Mandatory Additional Contributions”).
The Members shall use their diligent and good faith efforts to agree upon cost sharing arrangements involving the Company and the Balance of the Ranch for the construction of the Improvements as shall be more fully set forth in the Entitlement Business Plan and the Development Business Plan.
The initial Development Business Plan shall be Approved in writing by the requisite Members in accordance with this Agreement prior to commencement of the Development Stage and shall replace the Entitlement Business Plan.
The Entitlement Manager shall each provide periodic updates (as described in the Entitlement Business Plan) to the Executive Committee regarding the execution of the Entitlement Business Plan.
During the Entitlement Stage and Development Stage, DMB shall make additional Capital Contributions in an aggregate total amount up to One Hundred Million Dollars ($100,000,000) as and when necessary to fund the operations of the Company in accordance with the Entitlement Business Plan and the Development Business Plan or as otherwise Approved by the Executive Committee (“DMB Mandatory Additional Contributions”).
During the Feasibility Stage, the Feasibility Stage Business was conducted in accordance with that certain business plan (the “ Feasibility Business Plan”), which was Approved prior to the Effective Date in accordance with the Original LLC Agreement and was replaced and superseded in its entirety by the Entitlement Business Plan.