First Approval definition

First Approval means the first of the following approvals to occur with respect to a Residential Development: development agreement, general plan amendment, specific or area plan adoption or amendment, zoning, rezoning, pre-zoning, annexation, planned development permit, tentative map, parcel map, conditional use permit, special use permit, or building permit.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

First Approval means the first of the following approvals to occur with respect to a residential project: planned district approval, subdivision approval, conditional use permit, design review permit approval, other discretionary land use approval, or building permit.

First Approval means the first of the following approvals to occur with respect to a residential development after the effective date of this chapter: planning permit or building permit.

Examples of First Approval in a sentence

• With respect to any approvals relating to MS Rights, the First Approval Date shall be five (5) Business Days instead of three (3) as set forth above and the Final Approval Date will be five (5) additional Business Days instead of four (4) as set forth above.

• If the approving Party fails to respond within First Approval Date period, the requesting Party may resend its initial notice together with a Federal Express package to the approving Party’s designated contacts in Section 25(a), in each case with a prominent header that says “FINAL NOTICE FOR APPROVAL” or words substantially similar thereto.

• For purposes of this Agreement, the First Approval Deadline, the Second Approval Deadline, the Third Approval Deadline and the Fourth Approval Deadline are sometimes each referred to herein as an “Approval Deadline” and, collectively, the “Approval Deadlines”).

• In consideration of the amendment of the timing of the Development Milestone Earn-Out Consideration payable upon the First Approval, as set forth in Article II of this Amendment, contemporaneous with the signing of this Amendment Baudax has paid to APIL a one-time, non-refundable and non-creditable (and not subject to deduction or set-off) fee in the amount of Two Hundred Eighty Five Thousand U.S. Dollars (US$285,000).

• In no event shall such any such review be conducted hereunder more frequently than once every [***] and all such reviews shall cease upon First Approval.

More Definitions of First Approval

First Approval. First Approval means the first Regulatory Approval of a Licensed Product.

First Approval means the first of the following approvals to occur with respect to a residential project: planning permit or building permit.

First Approval has the meaning set out in clause 42.3;

First Approval means the first discretionary approval to occur with respect to a commercial development project or, for commercial projects not requiring a discretionary approval, the issuance of a building permit.

First Approval means the first discretionary approval to occur with respect to a residential development, or, for residential developments not requiring a discretionary approval, the issuance of a building permit.

First Approval means receipt of the first Regulatory Approval for marketing and sale of Finished Meloxicam.

First Approval means the first approval of a New Drug Application (as defined in the Checkmate License Agreement) or MMA (as defined in the Checkmate License Agreement) for a Licensed Product.