Ancillary Development Sample Clauses
Ancillary Development. In the event of the potential development of property adjacent to the Ballpark, subject to any implied or actual confidentiality agreements of either party, Landlord and Tenant agree to use commercially reasonable efforts to communicate with one another with respect to such development so that the interests of the Ballpark, as well as their mutual and individual interests, are taken into consideration when planning and carrying out such development. The parties acknowledge and agree that this Section 7.3 does not in any way commit the City in any manner with respect to such future development.
Ancillary Development. Union Station MGM will lease approximately 44,000 sq. ft. at Union Station and also will invest $6,750,000 to build out and improve such facility. Alternatively, MGM may make annual payments of $500,000 to the Springfield Redevelopment Authority for a period of 15 years. DaVinci Park MGM will construct improvements at DaVinci Park. MGM will relocate the playground equipment located in the park to another location in the City. MGM will also maintain the park.
Ancillary Development. Contemporaneously with this Developer Agreement, the Parties will enter into (or the Owner will cause the City to enter into) an ancillary development agreement, on the terms outlined on attached Schedule 7.1.4, in connection with ancillary development on City-owned property proximate to the Site and identified on Schedule 7.1.4.