Concurrent Approval Clause Samples
The Concurrent Approval clause establishes that certain actions, decisions, or documents require the simultaneous consent or authorization of multiple parties before proceeding. In practice, this means that no single party can unilaterally approve or implement the specified matter; for example, both partners in a joint venture may need to sign off on major expenditures or changes to project plans at the same time. This clause ensures that all relevant stakeholders have equal input and oversight, thereby preventing unilateral decisions and promoting collaborative governance.
Concurrent Approval. The City, concurrently with the approval of this Agreement, is approving the following First Phase Governmental Action:
1. Annexation of that portion of the Property legally described on Exhibit “B”.
2. Rezoning that portion of the Property legally described and shown on Exhibit “C” from AG Agricultural District to ▇-▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and from AG Agricultural to I-1 Industrial.
3. Approval of the Preliminary Plat.
Concurrent Approval. The City, concurrently with the approval of this Agreement, is approving the following Governmental Actions:
1. Annexation #20010; and
2. Change of Zone #20018.
Concurrent Approval. The City, concurrently with the approval of this Agreement, is approving the following Governmental Actions:
Concurrent Approval. The City, concurrently with the approval of this Agreement, is approving the following Governmental Actions:
1. Amending Lincoln zoning district maps to change the zoning designation for the Property from AG to R-3 residential and R-5 Residential as shown on Attachment “A”: and
2. Approving the Special Permit No. 19047 to approve a Community Unit Plan allowing for construction of not more than 596 multifamily dwelling units on the Property in a manner consistent with the Site Plan attached hereto as Attachment
Concurrent Approval. The City, concurrently with the approval of this Agreement, is approving the following Governmental Actions:
1. Annexing the First Phase Annexed Property legally described and shown on Attachment “B”; and
2. Amending the Lincoln zoning district maps to adopt the First Phase Rezoning as legally described and shown on Attachment “B”.
3. Approving the Comp Plan Amendment as shown on Attachment “C”.
Concurrent Approval. It is acknowledged that the completion of the Amalgamation is contingent upon its approval by the requisite majority of the shareholders of the Company, Amalgamation Sub and Autodesk Quebec, which approvals shall have been obtained prior to the Effective Date.