Development Services Agreement Sample Clauses
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Development Services Agreement. Upon the commencement of the Pre-Construction Period, the General Partners shall cause Owner and PDA to enter into a development services agreement (the “Development Services Agreement”) substantially in the form attached hereto as Exhibit B, with such changes thereto, if any, as may be required by any lender providing funds to pay any of the costs of development, construction, financing, ownership, carrying or operation of the Property.
Development Services Agreement. 2 2.5 Citadel Products Sales Agreement......................................................................3 2.6
Development Services Agreement. In consideration of performance under the Development Services Agreement, the Operating Partnership or its assignees shall be entitled to be paid fees in an amount equal to the remaining amount of the Project Development Fee (as defined in the Development Services Agreement) accruing from and after the date of Closing (as defined below).
Development Services Agreement. No amendment, modification or addition to this Agreement shall be binding upon the Parties hereto unless reduced to writing and signed by the respective authorized officers of the Parties.
Development Services Agreement. Upon the commencement by 660 North Capitol of the preparation of architectural plans, the seeking of financing or other pre-construction development activities with respect to the Property (the “Pre-Construction Period”), the Operating Partnership or its assignees and 660 North Capitol shall enter into a development services agreement (the “Development Services Agreement”) substantially in the form attached hereto as Exhibit B, with such changes thereto, if any, as may be required by any lender providing funds to pay any of the costs of development, construction, financing, ownership, carrying or operation of the Property, pursuant to which the Operating Partnership or its assignees shall provide the Development Services. As shall be set forth in the Development Services Agreement, in consideration of the performance of the Development Services by the Operating Partnership or its assignees, the following fees shall be paid: A development services fee (the “Development Services Fee”) in an amount equal to three percent (3%) of the development costs of the Improvements (upon the commencement of the Pre-Construction Period and upon the consummation of the Closing (as defined below)) net of land acquisition, interest and loan expenses and cash concessions to tenants of the Improvements; the Development Services Fee shall be paid to the Operating Partnership or its assignees on a monthly basis on the fifteenth day of each calendar month in the amount of three percent (3%) of such costs expended in the prior calendar month.
Development Services Agreement. Concurrent with the Closing, Buyer and Development Manager shall have entered into the Development Services Agreement.
Development Services Agreement. The [Amended and Restated] Development Services Agreement attached hereto as Exhibit C. Environmental Hazard: Any hazardous or toxic substance, waste or material, or any other substance, pollutant, or condition that poses a risk to human health or the environment, including, but not limited to: (i) any “hazardous substance” as that term is defined under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. Section 9601, et seq. as amended; (ii) petroleum in any form, lead-based paint, asbestos, urea formaldehyde insulation, methane gas, polychlorinated biphenyls (“PCBs”), radon, mold or lead in drinking water, except for ordinary and necessary quantities of office supplies, cleaning materials and pest control supplies stored in a safe and lawful manner and petroleum products contained in motor vehicles; (iii) any underground storage tanks; (iv) accumulations of debris, mining debris or spent batteries, except for ordinary garbage stored in receptacles for regular removal; or (v) any other condition that could result in liability for an owner or operator of the Project under any federal, state, or local law, rule, regulation or ordinance.
Development Services Agreement. The Development Services Agreement shall be in full force and effect and neither of the parties thereto shall be in default thereunder.
Development Services Agreement. On 13 December 2023, the Company has entered into the Master Research & Development Services Agreement with Sichuan Kelun, pursuant to which (i) members of the Group shall provide research and development services to members of the Kelun Group; and (ii) members of the Group shall engage members of the Kelun Group for research and development services for a term commencing from 1 January 2024 and ending on 31 December 2024.
Development Services Agreement. Concurrent with the Closing, Buyer and MFP/Hunter@First Development Partners, LLC, a Delaware limited liability company and an entity related to Seller (the “Development Manager”), shall have entered into the Development Services Agreement attached hereto as Exhibit E (the “Development Services Agreement”), and the Development Manager shall have delivered the Letter of Credit (as defined in the Development Services Agreement) to Buyer.