Examples of New Uses in a sentence
Partner shall make a verbal presentation to the Board regarding its activities pursuing Potential New Uses, Proposed New Uses and operations of any approved Uses every six months.
Nothing in this Section 2.2.1 shall obviate Partner’s requirement to prepare and present the New Use Evaluation or limit District’s discretion to review and approve Potential New Uses as set forth in Section 2.3 below.
District shall review the Potential New Uses proposed by Partner within 30 days of the submittal of the New Use Evaluation to the District, including review of the qualifications of a New User.
District shall provide Partner reasonable access to all portions of Jersey Island for the purpose of obtaining data and making surveys and tests necessary to evaluate the Potential and Proposed New Uses on Jersey Island and otherwise to conduct the land use due diligence as contemplated hereunder, including, without limitation, the right to make borings to investigate the soils and environmental condition of Jersey Island (the “Work”), subject to the following terms and conditions.
Partner may repay unreimbursed expenses on a global basis from the revenue developed by Proposed New Uses on Jersey Island, even if the expenses were advanced for a different opportunity from the one producing the income.
Licensee shall promptly notify University in writing of any New Uses.
Partner shall complete an initial round of evaluations of Potential New Uses within 24 months of the Effective Date and prepare and present a detailed evaluation to the District (“New Use Evaluation”).
Partner shall submit a quarterly written report to District, in a format reasonably agreed to by the Parties, that includes the following information: (a) activity pursuing New Potential Uses, implementing Proposed New Uses approved by District, or ongoing operations under approved uses; (b) financial expenditures of Partner and Partner Expenses; and (c) status of permitting activities for Proposed New Uses undergoing permitting.
Throughout the Term, Partner may continue investigating and evaluating additional Potential New Uses and present the results of its evaluation and recommendations to District.
Potential New Uses may be currently allowed by right pursuant to local, state or federal law, or require subsequent land use or other regulatory approvals.