Major Points of Business Plan definition

Major Points of Business Plan means the following: (i) building a luxury residential condominium project materially in accordance with the Approved Plans and all applicable Legal Requirements, (ii) materially adhering to the Approved Budget, (iii) selling Residential Units for Residential Unit Net Sales Proceeds at or above the Residential Unit Minimum Release Price, and (iv) achieving the Milestone Construction Hurdles on or before the respective Milestone Deadlines, subject to extension as expressly set forth in, and otherwise in accordance with, the provisions of Section 4.1(b) of this Agreement.
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Major Points of Business Plan has the meaning ascribed to such term in the Master Loan Agreement.
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Major Points of Business Plan means the following: (i) building a luxury residential condominium project materially in accordance with the Approved Plans and all applicable Legal Requirements, (ii) obtaining Attorney General’s acceptance for filing of the Offering Plan, (iii) constructing the School Improvements in accordance with the School Unit Purchase Agreement, (iv) materially adhering to the Approved Budget, (v) selling Subdivided Residential Units in accordance with the Sales Pace Covenant at or above the Residential Unit Minimum Sales Price (subject to the provisions of Section IV of the Business Plan), (vi) achieving the Milestone Construction Hurdles on or before the respective Milestone Deadlines, subject to extension for Force Majeure.
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Examples of Major Points of Business Plan in a sentence

  • The Approved Budget and Business Plan shall remain in full force and effect and shall not have been modified without Lender’s prior written consent in Lender’s reasonable discretion (other than with respect to (x) requests to modify the Major Points of Business Plan, which may be granted or withheld in Lender’s sole and absolute discretion, and (y) Immaterial Service Requests, which shall not require Lender’s consent) or as otherwise permitted in accordance with this Agreement.


More Definitions of Major Points of Business Plan

Major Points of Business Plan means the following: (i) building a luxury residential condominium project materially in accordance with the Approved Plans and all applicable Legal Requirements, (ii) materially adhering to the Approved Budget, (iii) selling Residential Units for Residential Unit Net Sales Proceeds at or above the Residential Unit Minimum Release Price, and (iv) achieving
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Related to Major Points of Business Plan

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Eligible production company means that term as defined under section 455 of the Michigan business tax act, 2007 PA 36, MCL 208.1455.

  • Scheduled Valuation Date means any original date that, but for the occurrence of an event causing a Disrupted Day, would have been a Valuation Date.