Development Commitments Clause Samples

The Development Commitments clause sets out the specific obligations and milestones that a party, typically a developer, must fulfill during the course of a project. This may include deadlines for completing certain phases, quality standards to be met, and requirements for regular progress reports or deliverables. By clearly outlining these expectations, the clause ensures accountability and helps prevent disputes by providing measurable benchmarks for performance.
Development Commitments. As a material inducement to the CRA to provide the Recapture Incentive Payment for the benefit of the Project pursuant to this Agreement, and in the interest of furthering the goals of the CRA, Developer (for itself and its respective successors and assigns) hereby covenants and agrees to (as defined in Section 3.2 below) for the public benefit during the Term of this Agreement:
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Development Commitments. In the event that CIMA terminates this Agreement pursuant to Section 10.2 or WCH terminates this Agreement pursuant to Section 10.3, all development commitments (internal and external) of CIMA incurred or committed up through the effective date of such termination shall become due and payable to CIMA by WCH on the effective date of such termination.
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Development Commitments. The schedule of development commitments attached hereto as Exhibit 4.25 sets forth a complete and correct description of all commitments of Seller to develop software and/or video games compatible with computers and game consoles as of the Closing Date.
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Development Commitments. 4.1 The Transferee hereby covenants and agrees that: (a) The Demised Land cannot be resold in its vacant condition and can only be transferred post-construction and commencement of an industrial unit as per the sanctioned building plan approved by the competent authority; (b) Not subdivide the Demised Land without written permission of the Original Assignor (c) Registration of Deed of Assignment for the transfer of the Demised Land shall be executed within 90 (ninety) days from the date of this Deed of Adherence; (d) Building plan sanction for the proposed industrial development shall be obtained within 24 (twenty-four) months from the date of this Deed of Assignment; (e) Completion of construction and operationalisation of the industrial unit as per approved plan within 60 (sixty) months from the date of registration of the Deed of Assignment. 4.2 The Transferee acknowledges and agrees that in the event of non-compliance with any of the timelines specified in Clause 4.1, the Transferee shall, subject to written consent form the Original Assignor, be required to pay additional assignment premium in accordance with the following formula: (a) For extension of year one: 2% of the prevailing market valuation of the Demised Land; (b) For extension of year two: 3% of the prevailing market valuation of the Demised Land; (c) For extension of year three: 4% of the prevailing market valuation of the Demised Land; (d) For extension of year four: 5% of the prevailing market valuation of the Demised Land; (e) For extension of year five: 6% of the prevailing market valuation of the Demised Land. 4.3 The Transferee further acknowledges and agrees that, in the event of its failure to construct and operationalize the industrial unit strictly in accordance with the approved plan within the timelines stipulated under Clause 4.1 (or within any extended timelines granted under Clause 4.2, if applicable), such failure shall constitute a material breach of this Agreement and entitle the Original Assignor to terminate the lease and exercise the right of re-entry upon such demised land. In such event, the Transferee shall deliver peaceful vacant possession of the Demised Land free from all encumbrances together with all improvements, if any, done thereto without prejudice to any other rights of the Original Assignor entitled in law. 4.4 The Transferee acknowledges that any subsequent transfer shall be subject to the terms and conditions prescribed by the Original Assignor at the t...
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Development Commitments. 31 APPENDIX "A" - PRICES.......................................................32 APPENDIX "B" - TECHNICAL SPECIFICATIONS.....................................33 APPENDIX "C" - CONFIDENTIALITY .............................................34 APPENDIX "D" - CUSTOM COMPONENTS............................................35 APPENDIX "E" - SOFTWARE LICENSE.............................................36 APPENDIX "F" - ESCROW ACCOUNT...............................................37
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Development Commitments. A. The Parties shall make their best efforts to develop a compatible transmission management network (otherwise known as TMN Q) interface between INNOVA's Products and NERA's SDH Products. B. The Parties shall make their best efforts to develop a 16xE1 Indoor Unit utilizing NERA's existing 16xE1 multiplexer and hitless switching circuits and modifying INNOVA's Outdoor Unit to accommodate the resulting traffic. C. The Parties shall make their best efforts to develop a 7/8 GHz radio relay transceiver utilising both NERA and INNOVA know-how and existing circuits to minimize development time. The allocation of Development tasks is subject to continuing discussions between NERA and INNOVA. This Agreement is signed in duplicate. For INNOVA Corporation For NERA ASA By: /s/ Jean ▇▇▇n▇▇▇▇ ▇▇▇▇▇▇ BY: /s/ [Illegible] -------------------------- -------------------------- Title: President & CEO Title: E.V.P. ----------------------- ----------------------- May 30, 1997 APPENDIX "A" - PRICES The Prices in $US are attached together with a detailed listing of Ordering Numbers and Information to cover all available frequency plans and sub bands. As new options become available this listing will be updated XP4 UNIT, EQUIPMENT KIT & CUSTOM COMPONENT PRICES Refer to the specific Ordering Part Numbers to cover the various tuning ranges within each band, transmit to receive spacing and traffic capacities, etc. All prices are FCA Innova's Factory in Seattle, WA, USA. UNIT & EQUIPMENT KIT PRICES ----------------------------------------------------------------------------------------------------------- Ordering Number Description Factory Price $US Factory Price Factory Price (Level 1) $US $US (Level 2) (Level 2/3) ----------------------------------------------------------------------------------------------------------- 841-20x38x-xxx Outdoor Unit - 38 GHz $***** $***** $***** ----------------------------------------------------------------------------------------------------------- 841-20x26x-xxx Outdoor Unit - 26 GHz $***** $***** $***** ----------------------------------------------------------------------------------------------------------- 841-20x23x-xxx Outdoor Unit - 23 GHz $***** $***** $***** ----------------------------------------------------------------------------------------------------------- 841-20x18x-xxx Outdoor Unit - 18 GHz $***** $***** $***** ----------------------------------------------------------------------------------------------------------- 841-20x15x...
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Development Commitments. From and after the date of this Agreement, Seller will not make any further commitments or representations to the applicable governmental authorities, any adjoining or surrounding property owners or any other person which would in any manner materially and adversely interfere with Developer’s ability to purchase, develop and improve the Property without the written consent of Developer; provided that Seller will take such action as may be required to comply with the Land Use Decision of October 18, 2001 regarding the establishment and implementation of the Kaupulehu Development Monitoring Committee. In the event Seller’s actions affect the Real Property, Seller shall notify Developer and consult with Developer.
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Development Commitments 
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Related to Development Commitments

  • Additional Commitments The Parties may negotiate commitments with respect to measures affecting trade in services not subject to scheduling under Article 106 (National Treatment) or Article 107 (Market Access), including those regarding qualifications, standards or licensing matters. Such commitments shall be inscribed in a Party's Schedule.

  • Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

  • Investment Commitment The undersigned's overall commitment to investments which are not readily marketable is not disproportionate to the undersigned's net worth, and an investment in the Shares will not cause such overall commitment to become excessive.

  • Loan Commitments (i) Subject to the terms and conditions hereof, each Lender with an Initial Tranche A Term Loan Commitment severally agrees to make, on the Closing Date, one or more term loans (each, an “Initial Tranche A Term Loan”) to the Borrower in Dollars in an amount equal to such Lender’s Initial Tranche A Term Loan Commitment. The Borrower may make only one borrowing under the Initial Tranche A Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a)(i) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Initial Tranche A Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Tranche A Term Loans. Each Lender’s Initial Tranche A Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Tranche A Term Loan Commitment on such date. (ii) Subject to the terms and conditions hereof, each Lender with an Initial Tranche B Term Loan Commitment severally agrees to make, on the Closing Date one or more term loans (each, an “Initial Tranche B Term Loan”) to the Borrower in Dollars in an amount equal to such Lender’s Initial Tranche B Term Loan Commitment. The Borrower may make only one borrowing under the Initial Tranche B Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a)(ii) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Initial Tranche B Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Tranche B Term Loans. Each Lender’s Initial Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Tranche B Term Loan Commitment on such date.

  • Incremental Commitments (1) The Borrower may, by written notice to the Administrative Agent from time to time, request Incremental Term Loan Commitments not to exceed $100,000,000 from one or more Eligible Assignees, in each case, that is a Farm Credit Lender (which, in each case, may include any existing Lender (but no such Lender shall be required to participate in any such Incremental Term Loan without its consent) and shall be subject to such consents, if any, as would be required in connection with an assignment of a Term Loan to such Person) willing to provide such Incremental Term Loans in their sole discretion (such Lenders, the “Incremental Term Loan Lenders”). Such notice shall set forth (i) the amount of the Incremental Term Loan Commitments being requested (which shall be in a minimum amount of $10,000,000 and minimum increments of $10,000,000, or remaining permitted amount or, in each case, such lesser amount approved by the Administrative Agent), (ii) whether the Incremental Term Loans to be borrowed pursuant to such Incremental Term Loan Commitments are to be an increase in any existing Class of Term Loans or a new Class of Term Loans and (iii) the date on which such Incremental Term Loan Commitments are requested to become effective (which shall, unless otherwise agreed by the Administrative Agent, be not less than ten Business Days after the date such notice is delivered). (2) The Loan Parties, the Administrative Agent and any other Person whose consent is required as provided above shall execute and deliver to the Administrative Agent an Additional Credit Extension Amendment and such other documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Term Loan Commitment. Each Additional Credit Extension Amendment pursuant to this clause (d) shall specify the terms of the applicable Incremental Term Loans; provided that: (i) the Incremental Term Loans shall not be guaranteed by any Subsidiaries of the Borrower that do not guarantee the existing Loans and shall be secured on a pari passu basis by the same Collateral (and no additional collateral) securing the then existing Obligations; (ii) (A) the Maturity Date of any Incremental Term Loans shall be no earlier than the then Latest Maturity Date and (B) the Weighted Average Life to Maturity of any Incremental Term Loans shall be no shorter than the remaining Weighted Average Life to Maturity of any then outstanding Class of Term Loans; (iii) no Incremental Term Loan shall participate on a greater than pro rata basis with the then outstanding Term Loans in any mandatory prepayment; (iv) Incremental Term Loans shall have such interest rates, optional prepayment provisions and fees as may be agreed between the Lenders providing the applicable Incremental Term Loan Commitments and the Borrower (except that any Incremental Term Loans forming an addition to an existing Class of Term Loans shall have the same interest rates, optional prepayment provisions and fees (other than upfront fees) as the applicable existing Class of Term Loans); (v) subject to the above, any Incremental Term Loans shall be on terms and pursuant to documentation to be determined by the Borrower and the Lenders providing such Incremental Term Loan; provided that, the terms applicable to any such Incremental Term Loans (except as expressly permitted above and except for covenants or other provisions applicable only to periods after the then Latest Maturity Date) are not, taken as a whole, materially more restrictive to the Borrower and its Restricted Subsidiaries, than the terms applicable to the then outstanding Commitments and Loans, as reasonably determined by the Borrower (except to the extent that this Agreement is amended (which shall not require the consent of any Lender) to incorporate such more restrictive provisions for the benefit of the then existing Lenders); and (vi) subject to Section 1.06, no Incremental Term Loan Commitment shall become effective under this Section 2.01(b) unless (w) no Default or Event of Default shall exist giving pro forma effect to such Incremental Term Loan Commitment and the incurrence of Indebtedness thereunder and use of proceeds therefrom; (x) the conditions set forth in clauses (a) and (b) of Section 5.02 are satisfied whether or not a Credit Extension is made on such date (and, only to the extent a Borrowing is made on such date, clause (c) is required to be complied with); (y) on a Pro Forma Basis, giving effect to such Incremental Term Loans and the incurrence of Indebtedness thereunder (assuming that such commitments are fully drawn on such date) and use of proceeds therefrom, the Borrower would be in compliance with Section 8.11 and (z) the Administrative Agent shall have received documents and legal opinions as to such matters as are reasonably requested by the Administrative Agent. Upon any increase of any existing Class of Term Loans, the Lenders shall take any action as may be reasonably required by the Administrative Agent to ensure that the Borrowings of such Class are held by the Lenders of such Class on a pro rata basis in accordance with the respective amount of Term Loans of such Class held by each Lender.