Examples of Vertical DDA in a sentence
The DDA requires Vertical Developers to pay to the Authority a public art fee and a Jobs-Housing Linkage fee, to comply with certain inclusionary housing requirements and if applicable, to pay a transient occupancy in-lieu fee on fractional interest development, all on the further terms and conditions set forth in the DDA and Vertical DDA.
Notwithstanding anything to the contrary contained in this Agreement, if a Transferee defaults under this Agreement or any Vertical DDA, LDDA or Ground Lease, as applicable, such default shall not constitute a default by Developer with respect to any other portion of the Project Site hereunder and shall not entitle City to terminate or modify this Agreement with respect to such other portion of the Project Site except to the extent that termination is allowed under the DDA.
Any Vertical DDA, LDDA, Ground Lease or other agreement that Transfers an interest in the Project Site shall require the Transferee to enter into a binding Development Agreement assignment and assumption agreement (“Development Agreement Assignment and Assumption”) acknowledging the Transferee’s rights and obligations hereunder.
This Agreement is a Vertical DDA (as defined in the Horizontal DDA) executed and delivered pursuant to the Horizontal DDA.
Each of the vertical developers, including TICD and its affiliates, will be required to enter into a Disposition and Development Agreement for Vertical Construction or, in the case of Property that is subject to the Tidelands Trust, a Lease Disposition and Development Agreement for Vertical Construction (the "Vertical DDA").
Under such model, the Independent Community Builder would be solely responsible for acquiring and developing the applicable Community Builder Lot in accordance with the terms of this Agreement, the DDA and the Vertical DDA.
Consultant acknowledges and agrees that the CP/HPS2 DDA and the Vertical DDA may impose requirements on Consultant that are in addition to those set forth in Exhibit C, and that upon the imposition of any such requirement Owner may amend Exhibit C by notice thereof to Consultant and Consultant shall promptly comply with all such amended requirements.
If TICD is required or elects to develop a commercial parcel (on its behalf or pursuant to a third-party sublease), then it will enter into a Vertical DDA with the Authority, pursuant to which the Authority will deliver a Lease of the applicable Premises to TICD.
Developer shall Transfer by Auction in accordance with Section 17.2.6 any Non-Critical Commercial Lot through a Vertical DDA, or with respect to a Non-Critical Commercial Lot on Public Trust property, a Vertical LDDA.
Developer shall convey Block 49 to the Agency (or to the Mayor’s Office of Housing or other designee), in form approved by the Agency and ready for vertical development consistent with the DDA, concurrently with the execution and approval of the Block 49 Vertical DDA.