Examples of Existing Capacity in a sentence
The Parties acknowledge and agree that the release of access to Existing Capacity and Future Capacity allocation is subject to the normal development approval processes of the Township as they relate to the Developers Lands.
It is acknowledged that the DC Pre- payments represent full and final payments of the Capacity Allocation related to Existing Capacity and Future Capacity for Development Charges payable in respect of the SDE Units, or their applicable conversion as set out in Schedule “B” and “B-1”, and will not be subject to any subsequent indexing but shall be subject to adjustment for actual costs of the Project as provided in Section 3.7 of this Agreement.
The Township agrees that it shall make the allocation of Existing Capacity and the reservation of Future Capacity available to the Developers in accordance with the prepaid SDE contributions as more particularly shown on Schedule “B”.