Proposed Expansion definition
Examples of Proposed Expansion in a sentence
All applications for Permits existing or filed on or before the Closing Date related to the Proposed Expansion or the Facility (“Permit Applications”), to the extent transferable.
Seller and TOPIII each own certain of the Assets (as defined below), including the Facility and the Proposed Expansion (as both terms are defined below), which Assets Seller and TOPIII desire to sell and intend to be the “operating assets” as such term is defined in Texas Comptroller Rule 3.316.
In the event Landlord and Tenant fail to agree upon the Proposed Expansion Plans within ninety (90) days after the expiration of Landlord’s review period, Tenant’s exercise of the Expansion Option shall automatically be rendered null and void and the Expansion Option (and this Exhibit F) of no further force and effect.
The Expansion Notice shall (i) specify the size, nature and scope of the proposed Expansion Improvements; and (ii) be accompanied by preliminary plans and specifications for the construction of the desired Expansion Improvements prepared by an AIA certified architect (the “Proposed Expansion Plans”), which Proposed Expansion Plans shall be sufficient in scope and detail to enable Landlord to evaluate the feasibility, timing and cost to construct the Expansion Improvements.
Landlord’s failure to act within such thirty-day period shall be deemed approval by Landlord of the Proposed Expansion Plans.
Landlord shall have a period of thirty (30) days to review and approve the Proposed Expansion Plans (which approval shall not be unreasonably withheld) or to suggest reasonable modifications thereto.
If Landlord suggests any reasonable modifications to the Proposed Expansion Plans or the Expansion Improvements, Landlord and Tenant shall each act reasonably and in good faith to agree upon such proposed modifications and to finalize the Proposed Expansion Plans.
Prior to commencement of construction of the ------------------ Proposed Expansion, deliver to the Lenders the proposed Plans and Budget, the form, substance and scope of which shall be reasonably acceptable to, and approved in writing by, the Requisite Lenders.
Buyer is the owner of all right, title, and interest in and to each of the Buyer Copyrights, free and clear of all Encumbrances, other than Permitted Encumbrances.
Any Proposed Expansion shall be completed consistent with the terms of this Lease and the Construction Exhibits attached hereto.