Examples of Undeveloped Properties in a sentence
The Parties acknowledge and agree that other than the Management Fees and those amounts due and payable to Manager under Sections 5.1(a) and (b), Manager shall receive no other fees or payments for the asset management and oversight of the Undeveloped Properties.
Subject to the terms and conditions set forth herein, Seller shall sell, transfer, convey, assign, and deliver all of its interest in the Producing Properties and an undivided 50% of its interest in the Undeveloped Properties to Purchaser by delivery of the Assignment.
The Company shall commence development of the Undeveloped Properties and New Projects pursuant to Development Budgets, Development Schedules and Development Plans and Specifications proposed by the Managing Member and approved by the Management Committee.
The Managing Member shall monitor all development of the Properties Under Development, the Undeveloped Properties and New Projects pursuant to the Development Agreements and shall keep the Management Committee informed of all development activities with regard thereto.
Independent Market Analysis $ 225.000 per IMA Broker Opinion of Value or a Broker Price Option - Undeveloped Properties* $ 500.00 per BOV/BPO Broker Opinion of Value or a Broker Price Option - Developed Properties $ 250.00 per BOV/BPO *”Undeveloped properties” is defined as property that contains no structures.