COMMERCIAL PERFORMANCE Sample Clauses
COMMERCIAL PERFORMANCE a. [*** Confidential] Reports. AMI shall [*** Confidential] to test, develop the PRODUCT for commercial purposes [*** Confidential]. [*** Confidential] during the term of this Agreement, AMI shall submit to USC a report (the “[*** Confidential] Report”) detailing AMI’s [*** Confidential] for [*** Confidential] as well as [*** Confidential] which AMI undertook [*** Confidential]. The reports shall identify [*** Confidential] demonstrating that the AMI is [*** Confidential]. USC shall treat the [*** Confidential] Report as confidential and shall not disclose the contents of the report outside of USC.
COMMERCIAL PERFORMANCE. When the development agreement was created, pre- COVID, the City planned the property for commercial uses, with a business park having been developed in phases west of the site (between 15 and 20 years ago). Within the Parklands subdivision, roughly half of the total area designated for commercial or mixed-use under the development agreement has been constructed, including a retail/office building and a medical building, originally referred to as buildings 4A and 4B in the plat, respectively. Since the pandemic, the demand for additional commercial space has lagged well behind expectations, with building 4A remaining predominantly vacant. The City has also recognized that this neighborhood is geographically removed from the Lake Road arterial where commercial development is concentrated. That development includes the TSMC property, and smaller retail uses like the Oak Tree Station food court, the ▇▇▇▇▇▇▇ Kitchen and Craft Bar, and COSTCO.