Project Under Development definition

Project Under Development means a Property owned by the Parent, any Subsidiary or any Unconsolidated Affiliate on which ground-up construction, redevelopment, and/or expansion has commenced. A Property undergoing ordinary course capital improvements which would qualify as recurring capital expenditures or incurring costs due to ordinary course turnover of non-anchor tenant space, shall not be considered to be a Project Under Development. A Property or portions of that Property shall no longer be considered a Project Under Development after the earlier of (i) the time it is Placed in Service, and (ii) the Borrower’s election (which election shall be irrevocable without the Agent’s consent) to no longer treat such Property (or portion thereof) as a Project Under Development.
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Project Under Development means a Property owned by the Parent, any Subsidiary, any Consolidated Affiliate or any Unconsolidated Affiliate on which ground-up construction, redevelopment, and/or expansion has commenced. A Property undergoing ordinary course capital improvements which would qualify as recurring capital expenditures or incurring costs due to ordinary course turnover of non-anchor tenant space, shall not be considered to be a Project Under Development. A Property or portions of that Property shall no longer be considered a Project Under Development after the earlier of (i) the time it is Placed in Service, and (ii) the Borrower’s election (which election shall be irrevocable without the Administrative Agent’s consent) to no longer treat such Property (or portion thereof) as a Project Under Development.
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Project Under Development means a Property (a) on which construction of an extended stay facility has commenced and (b) which has not been open as an extended stay facility for at least four (4) months.
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Examples of Project Under Development in a sentence

  • The Danish courts and the Complaints Board for Public Procurement will have exclusive jurisdiction in relation to any dispute(s) arising from this procurement process.

  • Rs. 7,067,072/-) has been capitalized under Project Under Development during the year by the Group.

  • Irrigation scheduling methods varied according to the treatment considered and each plot was scheduled independently:Control.

  • The Project Under Development comprises acquisition costs, purchase taxes and any directly attributable costs to bring the asset to intended sale.

  • Sale/Transfer/Disposal of Leasehold Land for the year include` 2850 Lakhs transferrred to Projects Under Development as shown under Schedule “Q” and also includes ` 9835 Lakhs being reversal of Revaluation Reserve on the Land transferred to Project Under Development.

  • Sale/Transfer/Disposal for the year include ₹ Nil Lakhs [Previous Year ₹ 2850 Lakhs] transferrred to Projects Under Development as shown under Note No."32" and also includes ₹ Nil Lakhs [Previous Year ₹ 9835 Lakhs] being reversal of Revaluation Reserve on the Land transferred to Project Under Development.

  • Promotion against drill sergeant or Total Army School System instructor positions.

  • For each Project designated on Schedule 6 attached hereto as a "Project Under Development," the Transferor shall cause such Project to be constructed according to the provisions of this Section 1.17.

  • Schedule 6.1.(f) is, as of the Agreement Date, a complete and correct listing of all Properties of the Parent, the Borrower, the other Loan Parties and all other Subsidiaries, setting forth, for each such Property, (i) to the best of the Loan Parties’ knowledge, the current occupancy status of such Property, (ii) whether such Property is a Project Under Development and, (iii) if such Property is a Project Under Development, the status of completion of such Property.

  • Table 9-1 Project Under Development Table 9-2 Project Pending Decision Project/Plan There are no long-term needs in this region that requires plans to be developed at this time.


More Definitions of Project Under Development

Project Under Development means, as of any date of determination, any Project owned by the Company or a Subsidiary of the Company that (i) is then treated as an asset under development under GAAP, (ii) is located in the continental United States, and (iii) has been designated by the Company in a written notice to the holders of Notes as a “Project Under Development,” provided that (a) in no event shall any Project be included in such category of “Project Under Development” for more than 540 days after construction of such Project commenced and (b) upon written designation to the holders of Notes from the Company delivered during such 540-day period, any Project that has previously been designated as a “Project Under Development” shall be removed from such category. Upon the earlier to occur of (x) the expiration of the relevant above-described 540-day period or (y) receipt by the holders of Notes of the Company’s written designation in accordance with (b) above, any Project that had been designated a “Project Under Development” shall automatically lose such designation (effective as of the next determination date) for the purpose of determining Total Asset Value and Total Unencumbered Project Pool Value.
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Related to Project Under Development

  • Lots Under Development means all Land Held for Development with respect to which the Borrower or any Subsidiary Guarantor has obtained all necessary approvals for its subdivision for residential housing units (including condominium units), and which the Borrower or any Subsidiary Guarantor is actively developing into Finished Lots; provided, however, that the term “Lots Under Development” shall not include any land upon which the construction of a residential housing unit has commenced.

  • Assets Under Development means all Real Property, or phases thereof, that is under construction or development as an income-producing project in a diligent manner and in accordance with industry standard construction schedules, but for which a certificate of occupancy has not been issued.

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

  • 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.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Redevelopment means areas where development is replacing older development.

  • Development Project means a project for the development of land within a

  • Development means any man-made change to improved or unimproved real estate, including, but not limited to, buildings or other structures, mining, dredging, filling, grading, paving, excavation or drilling operations, or storage of equipment or materials.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Redevelopment project means any work or undertaking

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

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

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

  • Development Phase means the period before a vehicle type is type approved.

  • 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:

  • Project Improvements means site improvements and facilities that are:

  • Construction in Progress means, as of any date, the book value (determined in accordance with GAAP) of any Projects then under development; provided that a Project shall no longer be included in Construction in Progress and shall be deemed to be a stabilized project upon the earlier of (a) the expiration of the second full fiscal quarter after substantial completion (the earlier of receipt of a temporary certificate of occupancy or a final certificate of occupancy) of such Project and (b) the last day of the fiscal quarter in which the annualized Consolidated Net Operating Income attributable to such Project divided by the Capitalization Rate exceeds the book value of such Project.