Extensions to Site Plan Approval Period and/or Building Permit Approval Period Sample Clauses

Extensions to Site Plan Approval Period and/or Building Permit Approval Period. If the governing authorities having jurisdiction thereunder have not granted all required approvals for the Buyer to construct its multifamily project within the Site Plan Approval Period or the Building Permit Approval Period, respectively, despite the diligent, good faith, and commercially reasonable efforts of the Buyer to obtain the required Site Plan Approval or the Building Permit Approval, the Buyer may, upon written notice delivered to the Seller before the expiration of the Site Plan Approval Period or Building Permit Approval Period, extend the Site Plan Approval Period or Building Permit Approval Period for up to a combined extension period not to exceed ninety (90) days (the "90 Day Extension Period"). The 90 Day Extension Period can be used to extend either the Site Plan Approval Period or the Building Permit Approval Period but in no event shall it exceed 90 days in total. The Buyer can use the 90 Day Extension Period in 30 day increments, and it can be divided between the Site Plan Approval Period and the Building Permit Approval Period (i.e., by way of example, it can be used for a 30 day extension to the Site Plan Approval Period and for a 60 day extension to the Building Permit Approval Period) so long as the combined extensions do not exceed 90 days in total.
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Related to Extensions to Site Plan Approval Period and/or Building Permit Approval Period

  • Effective Date, Term and Approval This Agreement shall become effective with respect to a Fund, if approved by the shareholders of such Fund, on the Effective Date for such Fund, as set forth in Appendix A attached hereto. If so approved, this Agreement shall thereafter continue in force and effect until June 30, 2001, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually:

  • HSR Approval The applicable waiting period under the HSR Act shall have expired or been terminated.

  • APPROVAL OF PLANS AND SPECIFICATIONS The Plans and Specifications will conform to the requirements and conditions set out by applicable law or any effective restrictive covenant, and to all governmental authorities which exercise jurisdiction over the Leased Premises or the construction thereon.

  • Vote/Approval Required No vote or consent of the holders of any class or series of capital stock of Parent is necessary to approve this Agreement or the Merger or the transactions contemplated hereby. The vote or consent of Parent as the sole stockholder of Merger Sub (which shall have occurred prior to the Effective Time) is the only vote or consent of the holders of any class or series of capital stock of Merger Sub necessary to approve this Agreement or the Merger or the transactions contemplated hereby.

  • Requisite Approvals Upon execution of this Agreement, it will have taken all necessary actions pursuant to its articles of incorporation, by-laws and other governing documents to fully authorize (i) the execution and delivery of this Agreement and any transaction documents related to this Agreement; and (ii) the consummation of the transaction contemplated by this Agreement.

  • Authorization, Approval, etc No authorization, approval, or other action by, and no notice to or filing with, any governmental authority, regulatory body or any other Person is required either

  • Approval Required This Agreement may not be amended without written consent of all of the Partners.

  • Approval Delays To the Knowledge of Acquiror, there is no reason why the granting of any of the Requisite Regulatory Approvals would be denied or unduly delayed. Acquiror Bank’s most recent CRA rating was “satisfactory” or better.

  • Lender Approvals Unless expressly provided herein to the contrary, any approval, consent, waiver or satisfaction of Agent or Lenders with respect to any matter that is the subject of this Agreement, the other Financing Documents may be granted or withheld by Agent and Lenders in their sole and absolute discretion and credit judgment.

  • Board Approval; Vote Required The Company Board, by resolutions duly adopted by unanimous vote of those voting at a meeting duly called and held and not subsequently rescinded or modified in any way, or by unanimous written consent, has duly (a) determined that this Agreement and the Merger are fair to and in the best interests of the Company and its stockholders, (b) approved this Agreement and the Merger and declared their advisability, and (c) recommended that the stockholders of the Company approve and adopt this Agreement and approve the Merger and directed that this Agreement and the Transactions (including the Merger) be submitted for consideration by the Company’s stockholders. The Requisite Approval (the “Company Stockholder Approval”) is the only vote of the holders of any class or series of capital stock of the Company necessary to adopt this Agreement and approve the Transactions. The Written Consent, if executed and delivered, would qualify as the Company Stockholder Approval and no additional approval or vote from any holders of any class or series of capital stock of the Company would then be necessary to adopt this Agreement and approve the Transactions.

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