Commitment to Develop Sample Clauses

The Commitment to Develop clause obligates one or more parties to undertake and complete specific development activities, such as constructing a building, infrastructure, or other project, within agreed timelines and standards. In practice, this clause may require the developer to obtain necessary permits, commence construction by a certain date, and achieve defined milestones or completion criteria. Its core function is to ensure that the development proceeds as planned, providing assurance to stakeholders that the project will be delivered and reducing the risk of delays or non-performance.
Commitment to Develop a. GCIH1 hereby agrees to develop the Project in conformance with all applicable laws, rules and regulations of the City and any other governmental entity having authority over the Project, so that, upon approval by the Chief Building Official of the City, the Project fully satisfies the Codes of the City of Baytown, Texas, including, but not limited to, the Code of Ordinances, Baytown, Texas; the National Electrical Code; the International Plumbing Code; the International Mechanical Code; the International Fire Code and the International Building Code, as adopted by the City of Baytown, Texas, (collectively, the “Codes”) in accordance with a scope of work approved by the City Manager detailing the events and times of completion of each event: 1. Building permit must be applied for within 30 calendar days of the effective date of this agreement; and 2. Certificate of Completion for the dried-in building must be complete within 365 calendar days of securing the first building permit. Prior to any construction activity on the Property, GCIH1 must submit to the City properly sealed plans and specifications for written approval by the City’s Director of Engineering and the City Manager. The City must approve of the plans and specifications in writing prior to GCIH1 performing construction activities of any sort on the Property, such approval not to be unreasonably withheld, conditioned or delayed. b. Compliance with the Codes shall include, but not be limited to, performing environmental cleanup of the Property if any is required, providing sealed construction drawings; employing licensed professionals for those development activities required to be made by a licensed professional pursuant to the Codes; obtaining or causing to be obtained all required permits pursuant to the Codes; obtaining and satisfying all required inspections; and obtaining a certificate of completion for the Project within 365 calendar days of the issuance of the first building permit. c. Within 365 calendar days of the issuance of the first building permit, GCIH1 will invest at least EIGHTY THOUSAND AND NO/100 DOLLARS ($80,000.00) in the Project, and shall provide to the City proof of the same in a form that the City may require.
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Commitment to Develop. Publisher shall use commercially reasonable efforts to develop and deliver to Intel the Titles according to the milestones set forth in Section 3 and the Development Schedule and specifications contained in the PRD. The Superman and Xena Titles, must, at a minimum, noticeably demonstrate to an end user the advantages of running the Titles on an Intel processor containing [*] technology, a [*], and [*] and associated graphics cards vs. an Intel Processor running at [*] with a [*] and an [*] and associated graphics card. The Kiss and the TBD Title must at a minimum, noticeably demonstrate the advantages of it on an Intel Processor containing [*] running at [*], with a [*] and [*] and associated graphics card vs. an Intel Processor containing [*] running at [*], with a [*] and an [*] and associated graphics card.
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Commitment to Develop a. The Developer hereby agrees to complete the approved Façade Improvements and to develop the Project in conformance with all applicable laws, rules and regulations of the City and any other governmental entity having authority over the Project, so that, upon approval by the Chief Building Official of the City, the Project fully satisfies the Code in accordance with a scope of work approved by the City Manager. The Façade Improvements must be commenced within sixty (60) days of the City Manager’s approval of the documents detailed in Section 4.01 of this Agreement. The Project must be finally completed and the Developer must have obtained the following from the City on or before the date indicated: 1. a certificate of occupancy for the multi-family dwelling unit component of the Project on or before July 31, 2018;
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Commitment to Develop. (a) Lessee shall develop and build the Steamboat II and III power plants utilizing resources from the Leased Premises provided that Lessee shall not be required to do so (i) if there is insufficient resource on the Leased Premises to support both plants for the life of the Power Purchase Agreements; (ii) if development and construction of one or both of such plants is economically not feasible, as measured by a reasonable man standard; or (iii) if such development or construction is prevented by strikes, lockouts, riots, acts of God, action of the elements, substantial earth movements, accidents, delays in repairs or transportation, government laws, rules or regulations or any other conditions or matters over which Lessee has no control. (b) In addition, Lessee agrees to use its best efforts to develop or cause to be developed additional geothermal power plants utilizing resources from the Leased Premises subject to the availability of additional resource on the Leased Premises and economically feasible contracts to sell power and to report regularly to Lessor on the status of those efforts.
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Commitment to Develop. Publisher shall use commercially reasonable efforts to develop and deliver to CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION the Titles according to the milestones set forth in Section 3 and the Development Schedule and specifications contained in the PRD. The CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION and CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION Titles, must, at a minimum, noticeably demonstrate to an end user the advantages of running the Titles on an CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION processor containing CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION technology, a CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, and CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION and associated graphics cards vs. an CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION Processor running at CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION with a CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION and an CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION and associated graphics card. The CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION and the TBD Title must at a minimum, noticeably demonstrate the advantages of it on an CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION Processor containing CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION running at CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION / BRILLIANT DIGITAL ENTERTAINMENT, INC. CONFIDENTIAL CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, with a CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION and CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION and associated graphics card VS. an CONFIDENTIAL INFORMATION OMITTED AND FILED ...
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Related to Commitment to Develop

  • Commitment to Lend (a) Subject to the terms and conditions set forth in this Credit Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from the Closing Date up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Administrative Agent given in accordance with Section 2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Lender's Commitment minus such Lender's Commitment Percentage of the sum of the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested), including the Swing Line Loans, plus the Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the Total Commitment at such time. The Revolving Credit Loans shall be made pro rata in accordance with each Lender's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in Section 11 and Section 12, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and Section 12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.

  • Commitment to Issue Letters of Credit (a) Subject to the terms and conditions hereof, upon the execution and delivery by the Borrower of a letter of credit application on the L/C Issuer’s customary form (a “Letter of Credit Application”), the L/C Issuer on behalf of the Revolving Credit Lenders and in reliance upon the agreement of the Revolving Credit Lenders set forth in this §4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby letters of credit (individually, a “Letter of Credit”), in such form as may be requested from time to time by the Borrower, and agreed to by the L/C Issuer; provided, however, that, after giving effect to such request, (i) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed the Letter of Credit Sublimit at any time, (ii) the sum of the outstanding principal amount of the Revolving Credit Loans plus the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, plus the outstanding amount of Swing Line Loans shall not exceed the lesser of (x) the Total Commitment at such time and (y) the Borrowing Base at such time. Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the issuance or amendment so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit issued for the account of the Borrower or such Subsidiary that have expired or that have been drawn upon and reimbursed. (b) The L/C Issuer shall not issue any Letter of Credit, if: (i) Subject to §4.1.6, the expiry date of such requested Letter of Credit would occur more than twelve months after the date of issuance or last extension, unless the Required Lenders have approved such expiry date; or (ii) the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Lenders have approved such expiry date. (c) The L/C Issuer shall not be under any obligation to issue any Letter of Credit if: (i) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in effect on the Restatement Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the date hereof and which the L/C Issuer in good ▇▇▇▇▇ ▇▇▇▇▇ material to it; (ii) the issuance of such Letter of Credit would violate one or more policies of the L/C Issuer applicable to letters of credit generally; (iii) such Letter of Credit is to be denominated in a currency other than Dollars; (iv) such Letter of Credit contains any provisions for automatic reinstatement of the stated amount after any drawing thereunder; or (v) a default of any Revolving Credit Lender’s obligations to fund under §4.1.4. exists or any Revolving Credit Lender is at such time a Delinquent Lender hereunder, unless the L/C Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to the L/C Issuer (in its sole discretion) with Borrower or such Lender to eliminate the L/C Issuer’s actual or potential Fronting Exposure (after giving effect to §2.11.1(d)) with respect to such Delinquent Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Exposure as to which the L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion. (d) The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be permitted at such time to issue such Letter of Credit in its amended form under the terms hereof. (e) The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. (f) The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in §14 with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in §14 included the L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuer.

  • Termination of Commitment to Lend Each Lender’s obligation to lend the undisbursed portion of the Obligations shall terminate if, in such Lender’s sole discretion, there has been a Material Adverse Change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Administrative Agent prior to the execution of this Agreement.

  • Commitment Within 20 days after the Title Company receives a copy of this contract, Seller shall furnish to Buyer a commitment for title insurance (Commitment) and, at Buyer's expense, legible copies of restrictive covenants and documents evidencing exceptions in the Commitment (Exception Documents) other than the standard printed exceptions. Seller authorizes the Title Company to deliver the Commitment and Exception Documents to Buyer at Buyer's address shown in Paragraph 21. If the Commitment and Exception Documents are not delivered to Buyer within the specified time, the time for delivery will be automatically extended up to 15 days or 3 days before the Closing Date, whichever is earlier. If the Commitment and Exception Documents are not delivered within the time required, Buyer may terminate this contract and the ▇▇▇▇▇▇▇ money will be refunded to Buyer.

  • Agreement to Make Swingline Loans Subject to the terms and conditions set forth herein, each Swingline Lender severally agrees to make Swingline Loans under each Commitment to the Borrower from time to time during the Availability Period in Dollars, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans of both Classes exceeding $50,000,000 or the aggregate principal amount of outstanding Swingline Loans of any Swingline Lender exceeding $25,000,000, (ii) the sum of any Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure exceeding its Multicurrency Commitment; (iii) the total Revolving Dollar Credit Exposures exceeding the aggregate Dollar Commitments at such time, (iv) the total Revolving Multicurrency Credit Exposures exceeding the aggregate Multicurrency Commitments at such time or (v) the total Covered Debt Amount exceeding the Borrowing Base then in effect; provided that no Swingline Lender shall be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans.