Approval of Entitlements Sample Clauses

Approval of Entitlements. If the Entitlements are approved by the City Council within twelve (12) to sixteen (16) months after the Owner’s Entitlement application has been deemed complete by the City, as such time may be extended as provided for in Paragraph 4.7 (Force Majeure), and the approved Entitlements are substantially the same in substance as the Final Draft Entitlements, or in such corrected form as necessary to preserve the Entitlements as agreed upon by the Parties, the Owner shall provide the City with the sum of eight million dollars (“Job Enhancement Funds”) in three payments. The first payment of up to one million dollars will be made upon the City’s issuance of the first building permit based upon the City’s sole determination that such amount is needed to provide start-up funding for a first phase of a University or Innovation District opportunity. The second payment of one million dollars will be made upon the issuance of the one-hundredth (100th) building permit for the Project. The third payment of six million dollars plus the amount that may have not been requested by the City in the first payment, will be made upon the issuance of the two-hundredth (200th) building permit for the Project. (All such Job Enhancement Funds shall be subject to the provisions set forth in Article 2 and Article 3 of this Agreement.) Notwithstanding the foregoing time frame for processing the Entitlements as described herein, the Owner and the Director of Development Services can agree to extend said time frame for any reason and shall memorialize such extension in writing. The Parties agree to diligently work towards the timely issuance of the first building permit, the one-hundredth (100th) building permit and the two hundred (200) building permits needed to trigger the Owner’s obligation to deposit the Job Enhancement Funds with the City, such efforts will include the City’s expedited processing of grading plans, improvement plans, and other plans or permits, as needed to issue a building permit. The approved Entitlements will be considered substantially the same in substance as the Final Draft Entitlements if the Project as described in both documents are essentially the same as to its land-use designations, density and intensity of such uses, infrastructure requirements, and timing and phasing of such development. In the event the Entitlements are not approved as provided for herein, this Agreement shall be terminated, and the Owner shall have no obligation to provide the Job En...
Sample 1
AutoNDA by SimpleDocs
Approval of Entitlements. Execution of any Lease by City with respect to a Developer Parcel(s) is conditioned upon the requisite Development Plan Review approval, approval of an amended Planned Area Development for the applicable Developer Parcel(s), and issuance of a certificate of occupancy for the government property improvements which are the subject of the Lease.
Sample 1
Approval of Entitlements. City's approval of the Entitlements and Seller's approval of the Entitlement Approval Conditions. Unless Seller delivers the Entitlement Approval Notice to Buyer and Escrow Holder on or before January 31, 2002, this special condition shall be conclusively deemed to have failed and Buyer shall be entitled to the return of the Escrow Opening Deposit (subject to any deductions
Sample 1

Related to Approval of Entitlements

  • Approval of Agreements Not to enter into, modify, amend or terminate any Lease or any other material agreement with respect to the Property, which would encumber or be binding upon the Property from and after the Closing Date, without in each instance obtaining the prior written consent of the Purchaser.

  • Approval of Plans Landlord will not check Tenant drawings for building code compliance. Approval of the Final Plans by Landlord is not a representation that the drawings are in compliance with the requirements of governing authorities, and it shall be Tenant’s responsibility to meet and comply with all federal, state, and local code requirements. Approval of the Final Plans does not constitute assumption of responsibility by Landlord or its architect for their accuracy, sufficiency or efficiency, and Tenant shall be solely responsible for such matters.

  • Approval of Agreement The Board of Directors of the Company has authorized the execution and delivery of this Agreement by the Company and has approved this Agreement and the transactions contemplated hereby.

  • Approval of Documents The form and substance of all certificates, instruments and other documents required to be delivered to the Seller under this Agreement shall be reasonably satisfactory in all respects to the Seller and its counsel.

  • Approval of Listing At the Closing Time, the Securities shall have been approved for listing on the New York Stock Exchange, subject only to official notice of issuance.

  • Approval of Plan Approval of the Plan by the Commissioner of Internal Revenue as referred to in 17.1 means a continuing approval sufficient to establish that the Plan and related trust(s) are at all times qualified and exempt from income tax under Section 401(a) and other applicable provisions of the Internal Revenue Code of 1986, and that contributions made by the Company under the Plan are deductible for income tax purposes in accordance with law. The cognizant governmental authorities referred to in 17.1 include, without limitation, the Department of Labor, the Pension Benefit Guaranty Corporation and the Securities and Exchange Commission, and their approval means their confirmation with respect to any matter within their regulatory authority that the Plan does not conflict with applicable law.

  • Clearances Advertiser will be responsible, at its own cost and expense, for obtaining all clearances, authorizations, permissions, licenses, and releases (collectively, “Clearances”) from third parties necessary to enable Station to distribute the Advertiser Content under this Section 4, including, without limitation, (i) Clearances for any of the following creative elements appearing in or otherwise displayed via the Advertiser Content: photos, video footage, music (including, without limitation, any synchronization and mechanical licenses), audio tracks, trademarks, service marks, and rights of publicity and other indicia of identity, and (ii) Clearances from any individuals or entities whose trademarks, service marks, other corporate indicia, names, voices, likenesses, and other indicia of identity may appear in any of the Advertiser Content.

  • 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.

  • Waiver of Notice; Approval of Meeting; Approval of Minutes The transactions of any meeting of Limited Partners, however called and noticed, and whenever held, shall be as valid as if it had occurred at a meeting duly held after regular call and notice, if a quorum is present either in person or by proxy. Attendance of a Limited Partner at a meeting shall constitute a waiver of notice of the meeting, except when the Limited Partner attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened; and except that attendance at a meeting is not a waiver of any right to disapprove the consideration of matters required to be included in the notice of the meeting, but not so included, if the disapproval is expressly made at the meeting.

  • Reporting Obligations and Regulatory Approvals Applicable laws and regulations may require holders and beneficial owners of Shares, including the Holders and Beneficial Owners of ADSs, to satisfy reporting requirements and obtain regulatory approvals in certain circumstances. Holders and Beneficial Owners of ADSs are solely responsible for determining and complying with such reporting requirements and obtaining such approvals. Each Holder and each Beneficial Owner hereby agrees to make such determination, file such reports, and obtain such approvals to the extent and in the form required by applicable laws and regulations as in effect from time to time. Neither the Depositary, the Custodian, the Company or any of their respective agents or affiliates shall be required to take any actions whatsoever on behalf of Holders or Beneficial Owners to determine or satisfy such reporting requirements or obtain such regulatory approvals under applicable laws and regulations.

Time is Money Join Law Insider Premium to draft better contracts faster.