Future Project definition

Future Project means any Private Improvements that will be constructed in the future not specifically detailed in this Agreement.

Future Project shall not include, however, the Project which is the subject of the Operating Agreement.

Future Project has the meaning set forth in Recital D to this Agreement.

Examples of Future Project in a sentence

• This project is further referenced in the Future Project Lists and Details section of the CIP.

• Homestead may select a Proposed Substitute Future Project from its then contemplated Homestead Village projects which Homestead is considering pursuing or, if all such contemplated projects are then already included within the list of Future Projects under this Agreement, then Homestead may delay in identifying a Proposed Substitute Future Project until, in the ordinary course of its business, a new site for a contemplated Homestead Village project is identified within the Geographic Area.

• Any such Proposed Substitute Future Project shall be located within the Geographic Area and, except as specifically noted in writing by Homestead, shall conform, to Homestead's then current knowledge, to the Prototypical Project requirements.

• Borrower shall not apply any advances of Loan proceeds to costs other than those incurred in connection with the subject Future Project or Project for which the advance has been made.

• Requests for advances of Loan proceeds hereunder may include amounts required to reimburse Homestead for the costs and expenses incurred by Homestead in its due diligence review of any such Future Project, as well as all costs incurred in connection with its efforts to secure the Permits required for development of any such Future Project.

More Definitions of Future Project

Future Project means any apartment project constructed by WPHC, WRPT or an Affiliate of them (provided that WPHC or WRPT directly or indirectly owns 50% or more of such Affiliate), which project is constructed on the Master Development Land. "Future Project" shall not include, however, the Project which is the subject of the Operating Agreement.

Future Project means each Qualified Project for which a Project Loan will be made hereunder after the Initial Closing Date.

Future Project means each project (other than the Existing Projects) publicly disclosed in Exchange Act filings after the Closing Date for the construction, development and/or management of a casino or casinos in the United States entered into in accordance with the terms herewith.

Future Project or "Future Projects" shall mean any hotel/motel project located in Canada, whether by way of rehabilitation, new construction, acquisition, sale/leaseback or other means of ownership and/or operation and

Future Project shall not include any "timeshare" project or "resort" hotels (which, for the avoidance of doubt, shall mean any project in which individual units are sold to the general public for specific weekly intervals during each calendar year and hotels which are rated with three (3) diamonds or higher by AAA/CAA (Automobile Association of America/Canadian Automobile Association) designation and will have certain of the amenities which are customarily included in destination resorts (such as pool and health club facilities, spa facilities, recreational facilities and/or banquet/catering facilities).

Future Project has the meaning provided in Section 2.5(a).

Future Project means any Hotel acquired and owned by NLC or any affiliates of NLC pursuant to the terms of the Development Agreement;