Vertical Development definition

Vertical Development means the physical construction of improvements that will result in a use that is part of the Project but does not include parking or horizontal infrastructure, whether performed by or on behalf of Owner, a Vertical Owner, other Persons or combination thereof.

Vertical Development means and shall be deemed to include the construction of new residential units and non-residential units or the reconstruction or addition to any structure.

Vertical Development means and shall be deemed to include the construction of new residential units and non-residential structures or the reconstruction or addition to any structure. “Vertical Development” shall not mean nor be deemed to include the construction of any new structure or the reconstruction or addition to any structure specifically for the use of the existing or future agricultural operations.

Examples of Vertical Development in a sentence

• However, when and if there is a publicly financed or credited business subsidy for an Element of Vertical Development, then that specific Element will be subject to an independent legal determination as to application of the Living Wage Ordinance.

• The parties have determined that as of the date of this Agreement there is no public assistance to the Vertical Development of the Development Property; therefore, the Living Wage Ordinance does not currently apply to development of the Development Property.

• Assignee shall maintain commercial general liability insurance, builder’s risk insurance, and property insurance in commercially reasonable forms and amounts with respect to the Development Property and any Vertical Development on the Development Property.

• If additional revenue is needed after Step 1 in order to meet the Services Special Tax Requirement, the Services Special Tax shall be levied Proportionately on each Parcel of Vertical Development Property, up to 100% of the Maximum Services Special Tax for each Parcel of Vertical Development Property for such Fiscal Year.

• No Vertical Development construction had commenced as of 6/30/18.

More Definitions of Vertical Development

Vertical Development means the construction of the Highside Market by or on behalf of 211 13th, LLC on the Highside Market Tract.

Vertical Development means the remaining improvements constructed or to be constructed as part of the Riverfront Place Project, but specifically excluding the TAD Project

Vertical Development means the development of Vertical Improvements. “Vertical Improvement” means an Improvement to be developed under thisDDA that is not Infrastructure and Stormwater Management Controls or Improvements required to be Completed by Developer for the Parks and Open Spaces.

Vertical Development means the completion for the Phase II Lot of the following: (i) approved plans and specifications by the City for such Phase II Lot, (ii) issuance of a building permit by the City for such Phase II Lot, (iii) written evidence provided to the City of financing to construct the building(s) on such Phase II Lot, and (iv) construction of footings and foundation and all necessary site utilities on such Phase II Lot.

Vertical Development means all of the construction, design, planning and other work performed on or with respect to the Acquired REO Property or real estate securing a Loan (other than Horizontal Development), which shall include without limitation, the construction of (i) foundations, columns, girders, beams, supports, exterior and main walls, interior walls, structural columns, concrete floor slabs and structural floors, exterior ceilings, roofs, stairs, stairways, glass facades, fire stairs, stairs and entrances and exits; (ii) within the building, central, and to the extent applicable, individual unit and appurtenant installations for services and utilities such as power, light, hot and cold water, heating, refrigeration, air-conditioning, ventilating and pipes, wires, conduits, ducts, vents and other services and utility lines which are used in connection therewith; and (iii) elevators, fire-safety and other emergency systems, tanks, pumps, motors, fans, compressors and ducts and similar apparatus and installations.

Vertical Development has the meaning set forth in Recital D.

Vertical Development has the meaning set forth in Recital I. Article 2‌