Qualified Developer definition
Examples of Qualified Developer in a sentence
If CORE LA presents a Qualified Developer to Authority, Authority will notify CORE LA, within thirty (30) days after such submission, if such proposed developer is acceptable to Authority, which consent shall not be unreasonably withheld.
The maximum amount of this grant to the Qualified Developer or Owner of affordable or workforce housing rental units shall not exceed fifty (50) percent of the difference between the annual post-development and pre-development real property ad valorem tax assessment for the calendar year for which an incentive grant is applicable, if new construction.
Concurrently with the execution and delivery of this Agreement, (i) Buyer has caused Calpine Corporation, its parent company, to execute and deliver to Seller the Guarantee Agreement attached hereto as Exhibit 7.16(a) guaranteeing the payment and performance by Buyer of its obligations under this Agreement and the other agreements executed and delivered by Buyer in connection herewith and (ii) Buyer has executed the Qualified Developer Certificate attached hereto as Exhibit 7.16(b).
If CORE LA retains the requisite Qualified Professional Team, then Lessee may continue to proceed with Phase I in accordance with the terms of the DDA and this Lease, without the need to engage a separate Qualified Developer for so long as such Qualified Professional Team remains in control of the development of the Phase Improvements in the role previously filled by Related as the developer.
If CORE LA has hired the requisite Qualified Professional Team, then Phase I Developer may continue to proceed with Phase I in accordance with the terms of the Amended DDA, as amended by the Fifth Amendment, and the Phase I Ground Lease, without the need to engage a separate Qualified Developer for so long as such Qualified Professional Team remains in control of the development of the Phase I Project in the role previously filled by Related as the developer.