Extraordinary Impact definition

Extraordinary Impact means an impact to the System which will result from the Development which is reasonably determined by the Commission to: (i) result in the need for System Improvements, the cost of which will significantly exceed the sum of the Impact Fees to be generated from the proposed Development or the sum agreed to be paid pursuant to an agreement between ACHD and the Developer as allowed by Section 7324.2 of this Ordinance; or (ii) result in the need for System Improvements which are not identified in the most recent Capital Improvements Plan. (Reference Idaho Code, Section 67-8203(12).)
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Extraordinary Impact means an impact that is reasonably deter-
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Extraordinary Impact means an impact that is reasonably deter- mined by the governmental entity to:
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Examples of Extraordinary Impact in a sentence

  • This Agreement and the exhibits hereto, together with the Extraordinary Impact Fee Agreement and the exhibits thereto, constitute the full and entire understanding and agreement between the parties with regard to the transaction contemplated herein, and no party shall be liable or bound to any other in any manner by any representations, warranties, covenants and agreements except as specifically set forth herein.

  • ACHD shall reimburse Developer the Project Costs pursuant to the Reserve at Deer Valley Extraordinary Impact Fee Agreement.

  • KCEMSS must then review the application and determine whether the Development will create an Extraordinary Impact for KCEMSS.

  • This has been amplified further by the global covid-19 pandemic, which has seen a growing impulse for replacing physical meetings with virtual ones, and in-person systems and processes with those that can be conducted online in order to avoid potential exposure.

  • If KCEMSS believes that the Development creates an Extraordinary Impact, KCEMSS must include in its notice a statement that the potential impacts of such Development Approval on System Improvements are not adequately addressed by the Capital Improvements Plan, and that a supplemental study, at the Applicant’s expense, will be required.

  • Unless the Applicant agrees to a longer time, KCEMSS must notify the Applicant and the City within thirty (30) days after KCEMSS’s receipt of the application whether KCEMSS believes that the Development creates an Extraordinary Impact.

  • The applicant should enter into an Extraordinary Impact Fee Agreement for development within the Extraordinary Impact Fee Overlay Assessment District.

  • If KCEMSS does not believe that the Development creates Extraordinary Impact, or if KCEMSS does not respond within the time allowed, the City will assess the KCEMSS Impact Fees calculated in accordance with the adopted fee schedule.

  • The Commission established an Extraordinary Impact Fee Overlay Assessment District in 1998, to be applied to the "Western Foothills Planning Area" as identified by the Foothills Policy Plan and the Interim Foothills Transportation Plan, prepared by Boise City and APA (COMPASS) respectively.

  • The applicant will need to enter into an Extraordinary Impact Fee Agreement as well as a Development Agreement with the District for the design and construction of the improvements to Brookside Lane and Dry Creek Road.


More Definitions of Extraordinary Impact

Extraordinary Impact means an impact to the System which will result from the Development which is reasonably determined by the Commission to: (i) result in the need for System Improvements, the cost of which will significantly exceed the sum of the Impact Fees to be generated from the proposed Development or the sum agreed to be
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Extraordinary Impact means an impact to the System which will result from the Development which is reasonably determined by the Commission to: (i) result in the
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Extraordinary Impact means an impact which is reasonably determined by the City to (i) result in the need for System Improvements, the cost of which will significantly exceed the sum of the Development Impact Fees to be generated from the project or the sum agreed to be paid pursuant to a development agreement as allowed by Idaho Code § 67-8214(2), as amended, or (ii) result in the need for System Improvements which are not identified in the Capital Improvements Plan.
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Extraordinary Impact means a Project where the Capital Cost is at least equal to
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Extraordinary Impact means an impact which that is reasonably
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Related to Extraordinary Impact

  • Extraordinary Items means (i) extraordinary, unusual, and/or nonrecurring items of gain or loss; (ii) gains or losses on the disposition of a business; (iii) changes in tax or accounting regulations or laws; or (iv) the effect of a merger or acquisition, all of which must be identified in the audited financial statements, including footnotes, or Management Discussion and Analysis section of the Company’s annual report.

  • Extraordinary Events Any of the following conditions with respect to a Mortgaged Property (or, with respect to a Cooperative Loan, the Cooperative Apartment) or Mortgage Loan causing or resulting in a loss which causes the liquidation of such Mortgage Loan:

  • Extraordinary Loss Any Realized Loss or portion thereof caused by or resulting from:

  • Extraordinary Cash Dividend means any cash dividend with respect to the Common Stock the amount of which, together with the aggregate amount of cash dividends on the Common Stock to be aggregated with such cash dividend in accordance with the provisions of this paragraph, equals or exceeds the threshold percentage set forth in item (i) below. For purposes of item (i) below, the "Measurement Period" with respect to a cash dividend on the Common Stock shall mean the 365 consecutive day period ending on the date prior to the Ex-Dividend Time with respect to such cash dividend, and the "Relevant Cash Dividends" with respect to a cash dividend on the Common Stock shall mean the cash dividends on the Common Stock with Ex-Dividend Times occurring in the Measurement Period.

  • Extraordinary Circumstances means floods, snow, ice storms, tornadoes, earthquakes, or other

  • Extraordinary Event means a Merger Event, Tender Offer, Nationalisation, Insolvency or Delisting, as the case may be.

  • Extraordinary Services and "Extraordinary Expenses" means all services rendered and all expenses (including fees and expenses of Counsel) incurred under the Indenture and the Tax Agreement other than Ordinary Services and Ordinary Expenses.

  • Extraordinary General Meeting means an extraordinary general meeting of the members duly called and constituted and any adjourned holding thereof.

  • Extraordinary unspecifiable services means services which are specialized and qualitative in nature requiring expertise, extensive training and proven reputation in the field of endeavor.

  • Extraordinary Losses Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event.

  • Extraordinary Distribution means any dividend or other distribution (effected while any of the shares of ESOP Preferred Stock are outstanding) (a) of cash, where the aggregate amount of such cash dividend and distribution together with the amount of all cash dividends and distributions made during the preceding period of 12 months, when combined with the aggregate amount of all Pro Rata Repurchases (for this purpose, including only that portion of the aggregate purchase price of such Pro Rata Repurchase which is in excess of the Fair Market Value of the Common Stock repurchased as determined on the applicable expiration date (including all extensions thereof) of any tender offer or exchange offer which is a Pro Rata Repurchase, or the date of purchase with respect to any other Pro Rata Repurchase which is not a tender offer or exchange offer made during such period), exceeds Twelve and One- Half percent (12.5%) of the aggregate Fair Market Value of all shares of Common Stock outstanding on the record date for determining the shareholders entitled to receive such Extraordinary Distribution and (b) any shares of capital stock of the Corporation (other than shares of Common Stock), other securities of the Corporation (other than securities of the type referred to in paragraph I(2)), evidence of indebtedness of the Corporation or any other person or any other property (including shares of any subsidiary of the Corporation), or any combination thereof. The Fair Market Value of an Extraordinary Distribution for purposes of paragraph I(4) shall be the sum of the Fair Market Value of such Extraordinary Distribution plus the amount of any cash dividends which are not Extraordinary Distributions made during such twelve- month period and not previously included in the calculation of an adjustment pursuant to paragraph I(4).

  • Extraordinary Dividend means an amount per Share, the characterisation of which or portion thereof as an extraordinary dividend shall be determined by the Determination Agent.

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Extraordinary Common Stock Event means (i) the issue of additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock, (ii) subdivision of outstanding shares of Common Stock into a greater number of shares of the Common Stock, or (iii) combination of outstanding shares of the Common Stock into a smaller number of shares of the Common Stock.

  • Extraordinary Trust Expenses shall have the meaning specified in the Standard Terms.

  • Extraordinary Expense shall have the meaning set forth in Section 5.1.11(e) hereof.

  • Extraordinary Advances has the meaning specified therefor in Section 2.3(d)(iii) of this Agreement.

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Uncontrollable Circumstance means any act, event or condition that is:

  • Extraordinary Corporate Event means as to the Liquidity Provider, (i) the consolidation, amalgamation with, or merger with or into or the transfer of all or substantially all of the Liquidity Provider's assets to another entity, or (ii) the dissolution, for any reason, of the Liquidity Provider other than in connection with the consolidation, amalgamation with, or merger with or into another entity or the transfer of all or substantially all of the Liquidity Provider's assets; provided, however, that with respect to (i) above, an Extraordinary Corporate Event does not include any of the listed occurrences where (x) the surviving entity, or transferee of all or substantially all of the Liquidity Provider's assets, (a) assumes all of the obligations of the Liquidity Provider under the terms of the VRDP Shares Purchase Agreement and (b) has (i) short-term debt ratings in one of the two highest ratings categories from the Requisite NRSROs or (ii) such other short-term debt ratings, if any, as may be required for the VRDP Shares to satisfy the eligibility criteria under Rule 2a-7 under the 1940 Act and (y) the Liquidity Provider has provided notice in writing to the Corporation confirming the information described in (x) at least ten (10) days prior to the scheduled date of the applicable listed occurrence in (i) above.

  • Independent expenditure means an expenditure by a person:

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs.

  • Change in Management will occur if more than 50% of the Leadership Team is terminated and/or resigns within 12 months after the date of the occurrence of a Change of Control; provided, in each case, that termination and/or resignation of such officer will not include (i) a change in such officer’s status in the ordinary course of succession so long as such officer remains affiliated with the Manager or its Subsidiaries as an officer or director, or in a similar capacity, (ii) retirement of any officer or (iii) death or incapacitation of any officer.

  • Reclassification Event means any of the following: (a) any reclassification or recapitalization of PubCo Shares (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination or any transaction subject to Section 4.1(e)), (b) any merger, consolidation or other combination involving PubCo, or (c) any sale, conveyance, lease or other disposal of all or substantially all the properties and assets of PubCo to any other Person, in each of clauses (a), (b) or (c), as a result of which holders of PubCo Shares shall be entitled to receive cash, securities or other property for their PubCo Shares.

  • Independent Evaluator A person empowered, pursuant to Section 23.5 (Failure to Reach Agreement) and Section 23.10 (Dispute) of this Agreement, to resolve disputes due to failure of the Parties to agree on a Performance Standards Revision Document.

  • Potential Change of Control means the earliest to occur of: (i) the date on which Parent executes an agreement or letter of intent, the consummation of the transactions described in which would result in the occurrence of a Change of Control or (ii) the date on which the Board approves a transaction or series of transactions, the consummation of which would result in a Change of Control, and ending when, in the opinion of the Board, the Parent (or the Company) or the respective third party has abandoned or terminated any Potential Change of Control.