Conversion of Uses Sample Clauses
Conversion of Uses. Subject to the terms of this Article VIII.C, Owner and Developers shall have the right to convert Residential Dwelling Units to Business Park/Light Industrial building square footage at a conversion rate of 10,000 square feet of Business Park/Light Industrial building square footage per three (3) Dwelling Units converted (i.e., conversion of three (3) Dwelling Units shall permit Development of an additional 10,000 square feet of Business Park/Light Industrial building square footage on the Property). There shall be no cap on the conversion of Dwelling Units to Business Park/Light Industrial building square footage. Owner and Developers shall not be required to pay Development Fees under Article XII.E below for the first 11,600,000 square feet of Business Park/Light Industrial building square footage resulting from the conversion of Dwelling Units pursuant to this Article VIII.C. Thereafter, the City may impose and collect the Development Fees applicable to such uses in accordance with Article
Conversion of Uses. Mortgagor shall not convert any portion of the Project to commercial use without Lender’s prior written consent, such consent to be given or denied in Lender’s reasonable discretion.
Conversion of Uses. The Developer may increase or decrease the amount of a 6 particular land use, but only within the minimum and maximum standards provided for 7 on the Land Use Conversion Matrix attached as Exhibit 3, without filing a Notice of 8 Proposed Change (“NOPC”), provided that (i) the changes are consistent with the Land 9 Use Conversion Matrix attached as Exhibit 3; and (ii) at any time of election of a land 10 use conversion under the Land Use Conversion Matrix, the Developer shall notify the 11 City, the DCA and the NEFRC of the election in writing at least thirty (30) days in 12 advance of the change. Use of the Land Use Conversion Matrix will be reported on an 13 individual and cumulative basis in the biennial report. Any NOPC filed shall 14 incorporate all changes made pursuant to the Land Use Conversion Matrix prior to the 15 filing of such NOPC. Provided that the conversion is consistent with the criteria 16 contained in the Land Use Conversion Matrix (Exhibit 3), and such converted uses are 17 consistent with the uses allowed in that location under Map H (Exhibit 1), no additional 18 DRI approvals shall be required for the conversion. Any conversion of land use, other 19 than those allowed under the Land Use Conversion Matrix (Exhibit 3) and this General 20 Condition 3, shall be subject to an amendment to this Development Order or an NOPC.