Designated Projects Clause Samples

Designated Projects. The parties agree that the motion picture and projects known as “Car Pool Guy,” “Dead Air” and “▇▇▇▇▇ On Demand” shall be considered “Designated Projects” for purposes of this Agreement. As between PMW and ▇▇▇▇▇▇▇, PMW hereby grants ▇▇▇▇▇▇▇ the sole right to (i) secure financing to complete the Designated Projects; (ii) oversee and manage the production of the Designated Projects and/or (iii) oversee the distribution of the Designated Projects. In exchange for the past and future efforts of ▇▇▇▇▇▇▇ with respect to the Designated Projects, PMW hereby grants ▇▇▇▇▇▇▇ the right to receive 50% of any revenue or sales proceeds which the Company may receive, if any, under the various agreements relating to the Designated Projects, to be paid to ▇▇▇▇▇▇▇ when and if such revenue or sales proceeds are to be received by the PMW.

Designated Projects. From time to time during the term of this Agreement, the Seller Representative may, in its sole discretion, (i) designate projects with respect to Approved Obligors as additional Designated Projects under this Agreement and (ii) remove the “Designated Project” designation from then-Designated Projects. Upon not less than two (2) Business Days’ prior written notice to the Administrative Agent from the Seller Representative of the addition or removal of any project as a “Designated Project”, such project shall become a Designated Project hereunder or cease to be a Designated Project hereunder, as applicable, and the Administrative Agent shall provide an updated copy of Schedule A-2 to the Seller Representative reflecting the then-current Designated Projects. For the avoidance of doubt, such addition or removal of the “Designated Project” designation shall have no effect on the eligibility of Purchased Receivables already purchased by the Administrative Agent as of the effective date of such addition or removal.

Designated Projects. 1.4.1 The engineering feasibility study of the Project is a designated project (DP) under item 1 of Schedule 3 of the Environmental Impact Assessment Ordinance (EIAO), which specifies that “Engineering feasibility study of urban development projects with a study area covering more than 20 ha or involving a total population of more than 100,000”. 1.4.2 On the other hand, the Project also includes the proposed cavern development in the Study Area and the road improvement works at junction of (J/O) Lin Tak Road and ▇▇▇ ▇▇▇ Ping Road, at J/O Clear Water Bay Road and Road L1 of DAR, as well as at the merging lane at New Clear Water Bay Road near ▇▇▇▇ ▇▇▇ Tsuen Road. These have been identified as DPs as per Schedule 2, Part I of the EIAO: (1) Proposed cavern development: Item Q.2 – Underground rock caverns; (2) Road improvement works: Item A.1 – A road which is an expressway, trunk road, primary distributor road or district distributor road including new roads, and major extensions or improvements to existing road. 1.4.3 The locations of these two Schedule 2 DPs are shown in Figure 227724/E/0002. The potential environmental impacts of these two Schedule 2 DPs have been reviewed, and concluded that no insurmountable environmental impacts arise from these two Schedule 2 DPs. Nevertheless, the detailed environmental implications of these two Schedule 2 DPs will be further investigated in separate EIAs under EIAO.

Designated Projects. From time to time during the Term, Stanford may define an existing or proposed building or buildings on any Designated Site as a Designated Project. The total Gross Floor Area that Stanford may define for all Designated Projects is the total of Replacement Square Footage and Associated Square Footage – i.e., 1,500,000 square feet. Associated Square Footage shall be designated by Stanford, as necessary to ensure that a Designated Project shall in its entirety be subject to the same development standards. Stanford may rescind its designation of a Designated Project at any time prior to commencement of construction of the Project by filing a written withdrawal of its application or, if the Project has been approved, by filing a written surrender of the Subsequent Approvals for the Project. Designations of a Designated Site and Designated Project are irrevocable once construction commences on a Designated Project on the Designated Site. Stanford shall have the vested right to develop, construct and use each Designated Project under the Modified 2003 Rules. City shall permit construction of each Designated Project subject only to Stanford obtaining Architectural Review Approval and required building permits, complying with the conditions of the Architectural Review Approval, paying all required fees (if any), and otherwise proceeding in compliance with this Agreement. City shall permit occupancy and use of each Project upon Stanford’s compliance with said permits and applicable conditions of this Agreement and issuance of a certificate of occupancy as required by section 16.04.120 of the Municipal Code as set forth in the 2003 Rules.

Designated Projects