Horizontal Development definition

Horizontal Development means the development of lots for homesites and townhomes or other residential development within the Non-Core Real Estate.
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Horizontal Development means, with respect to any Acquired REO Property, construction or design work in connection with (i) the remediation of an environmental condition existing at such Acquired REO Property prior to the commencement of Vertical Development,
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Horizontal Development means and shall be deemed to include the construction of any and all improvements required to serve Vertical Development* (e.g., roadways, drainage, water, sewer, communications, utilities, etc.).
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Examples of Horizontal Development in a sentence

  • On the Closing Date, the Manager shall cause the Company to establish the Company Development Account with the Paying Agent for the exclusive purpose of holding the Development Contributions to cover Permitted Horizontal Development Expenses in accordance with the terms hereof and the Custodial and Paying Agency Agreement.

  • Any such request (a “Development Contribution Request”), must be in writing signed by each of the Manager and the Private Owner delivered to the Initial Member specifying in reasonable detail, for such Acquired REO Property, the proposed Horizontal Development, including attached thereto the applicable Asset Development Plan for such Horizontal Development.

  • The Private Owner Development Contributions are to be deposited into the Company Development Account, from which account the funds will be made available to fund any Permitted Horizontal Development pursuant to this Section 3.5 and the LLC Operating Agreement.

  • Funds in the Company Development Account shall be used to fund Permitted Horizontal Development in accordance with Section 5.3 hereof and Section 3.5 of the Custodial and Paying Agency Agreement.

  • Developer will participate in a Construction Assistance Program to ensure that local San Francisco construction contractors and other businesses/employers, including qualified SBEs as defined in this Program, are given an opportunity to obtain technical assistance in order to participate in portions of the Horizontal Development Work and portions of the Vertical Development Work and to create and sustain long term businesses and related jobs, all in accordance with this Program.

  • The Port will review each request in accordance with Section 3.5 (Phase Budget Review Process) and approve revisions necessary to authorize payment of Horizontal Development Costs reasonably required to implement this DDA.

  • Horizontal Development (and related expenses) with respect to Acquired REO Property shall be performed and/or funded in accordance with, and to the extent expressly set forth in, a Horizontal Development Plan approved by the Initial Member in accordance herewith (such approved Horizontal Development pursuant to such Horizontal Development Plan, “Permitted Horizontal Development”).

  • In connection with its review of any such Horizontal Development Plan, the Initial Member may, at the Company’s expense, engage the Verification Contractor to review such Horizontal Development Plan and provide to the Initial Member recommendations with respect thereto (it being understood that no such recommendation shall be binding on the Initial Member).

  • No Horizontal Development Plan may be modified without the approval of the Initial Member.

  • Upon the satisfaction of the conditions described in Sections 5.3 and 12.13 of the LLC Operating Agreement, the Paying Agent shall transfer the funds held in the Initial Member Development Funding Account pursuant to Section 3.4(c) below in such amounts as described in Section 3.5(c) below to the Company Development Account, from which funds will be made available to pay for Permitted Horizontal Development pursuant to the LLC Operating Agreement.


More Definitions of Horizontal Development

Horizontal Development means construction of Public Facilities.
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Related to Horizontal Development

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;

  • land development area means an erf or the land which is delineated in an application submitted in terms of this By-law or any other legislation governing the change in land use and “land area” has a similar meaning;

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • Cluster development means a contiguous cluster or

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Substantial development means any development of which the total cost or fair market value exceeds two thousand five hundred dollars, or any development which materially interferes with the normal public use of the water or shorelines of the state; except that the following shall not be considered substantial developments for the purpose of this chapter:

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Clinical Development means the conduct of clinical trials in humans to assess the dosing, safety and/or efficacy of the Product, including but not limited to Phase I Clinical Trials, Phase II Clinical Trials, Phase Ill Clinical Trials and Phase IV Clinical Trials.

  • Development Area means that area to which a development plan is applicable.

  • spatial development framework means the Mhlontlo Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Housing development as used in this section, means a development project for five or more residential units, including mixed-use developments. For the purposes of this section, “housing development” also includes a subdivision or common interest development, as defined in Section 4100 of the Civil Code, approved by a city, county, or city and county and consists of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. For the purpose of calculating a density bonus, the residential units shall be on contiguous sites that are the subject of one development application, but do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Commencement of Development means the date on which any material operation (as defined in Section 56(4) of the Act) forming part of the Development begins to be carried out other than (for the purposes of this Deed and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations, investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying of services, erection of any temporary means of enclosure, the temporary display of site notices or advertisements and “Commence Development” shall be construed accordingly.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Redevelopment means areas where development is replacing older development.