TAD Project definition
Examples of TAD Project in a sentence
Owner shall certify to Columbus that there will be no Project Modifications, as defined herein, not noted on schedule A-2 or B-2, as amended or modified in writing pursuant to this Agreement by Owner to Columbus, and that any modification to the TAD Project Budget as a result of such Project Modification shall be reflected on an updated Budget to be presented to Columbus.
Developer will comply in all material respects with (a) all applicable laws, (b) all agreements and instruments by which it or any of its properties may be bound, and all restrictions, covenants and easements affecting the TAD Project, (c) all applicable decrees, orders and judgments, and (d) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties.
Developer will notify Columbus in writing and within fifteen (15) business days of any matter that Developer reasonably considers may result or does result in a material adverse change in the financial condition or operation of Developer or the TAD Project.
This Agreement will commence on the Effective Date and will expire on the date on which a Certificate of Occupancy has been issued for the Developer Project and a Certificate of Completion has been issued for the TAD Project; provided, however, the terms and provisions of Articles III through VIII shall survive expiration or termination hereof.
Developer will notify Columbus in writing, within fifteen (15) business days of its having knowledge thereof, of any actual or pending litigation or adversarial proceeding in which a claim is made against Developer or against the Site or the TAD Project, in any case which Developer reasonably considers may impair Developer's ability to perform its obligations under this Agreement, and of any judgment rendered against Developer in any such litigation or proceeding.
Developer will obtain all necessary Project Approvals for the TAD Project, and shall certify to Columbus that the TAD Project complies with all Legal Requirements of any governmental body regarding the use or condition of the TAD Project.
The declaration of an “event of default” by any lender under any loan agreement with respect to loans to finance the Developer Project and/or the TAD Project.
Developer will complete construction of the TAD Project substantially in accordance with Schedule B-2 in a good and workmanlike manner, free and clear of all liens and claims for materials supplied or for labor or services performed, subject to any lawful protest in accordance with Section 5.6.
All such access must be during normal business hours and in a manner that will not unreasonably interfere with construction activities of the TAD Project or with Developer’s business operations generally.
This Agreement will have no effect on the zoning of the TAD Project and will not obligate the City to zone the Property in any way except required in the event a rezoning application is filed under the applicable zoning ordinance of the City.