Interim Use Sample Clauses
The Interim Use clause defines how a property or asset may be used temporarily before its intended final use or transfer. Typically, this clause outlines permissible activities, restrictions, and responsibilities during the interim period, such as allowing the seller to continue operating a business or the buyer to make certain preparations. Its core function is to provide clear guidelines and prevent disputes over the use of the property during the transition phase, ensuring both parties understand their rights and obligations until the final handover.
Interim Use. The City agrees that Developer may use the Property during the term of this Agreement for any use which is otherwise permitted by the applicable zoning regulations and the General Plan in effect at the time of the interim use and for a use which does not require a new or additional Discretionary Action from the City, except as expressly provided in this Development Agreement, or pursuant to any approvals, permits, other agreements between the City and Developer, or other entitlements previously granted and in effect as of the Effective Date. Developer shall seek the City’s approval of any interim use requiring Discretionary Action.
Interim Use. The parties recognize that the existing buildings and facilities will be demolished resulting in portions of the site being vacant for a potentially significant period of time prior to new construction. Regarding the use and care of such vacant areas prior to final development, Owner agrees to keep such areas clean, free from undue litter and free from attractive nuisances. Any mature trees on the Site will be left in place until that area is ready for development (and, the Owner will attempt, but is not committing to, keeping mature trees along ▇▇▇▇▇▇ Street; along ▇▇▇▇ ▇▇▇▇▇▇; behind the current University ▇▇▇▇ ▇▇▇▇ School building; in the playground of the Walnut Center; and, south of the Drew School, in place for the long run, incorporating them into the development plan). If possible, not unduly expensive and not impracticable, Owner, during the time after demolition but prior to development shall create on the Site areas of green space for community use. The signatories hereto understand that, if a tree is in the reasonable path of development, the tree shall be removed. During this interim period, the Owner shall not use more than thirty-three percent (33%) of the Site as a surface parking lot.
Interim Use. The Purchaser shall use its reasonable endeavours to procure that each member of the Astra Tech Group shall re-label each of the Products to remove or permanently obliterate any references to any of the Excluded Trade Marks as soon as reasonably practicable after Completion. Each member of the Astra Tech Group shall be permitted to use the Excluded Trade Marks on, and with respect to, any Products in the ordinary course of the Business for a period of up to 12 months after the Completion Date which period may be extended for a further three month period with the prior written consent of the Seller (such consent not to be unreasonably withheld or delayed) following a written request from the Purchaser to the Seller (the end of such period (including any extension if applicable) being the "Cut off Date") and immediately following the Cut Off Date, the Purchaser shall and shall procure that each member of the Purchaser’s Group and each member of the Astra Tech Group shall, in each case, cease all further use of the Excluded Trade Marks, destroy any unused packaging or other unused materials using the Excluded Trade Marks and remove or permanently obliterate the Excluded Trade Marks from any sales literature provided that the Astra Tech Group shall be entitled to continue to use the Excluded Trade Marks in connection with any remaining stocks of Products in existence at the Cut Off Date for a further 6 month period after the Cut Off Date.
Interim Use. Tenant shall be allowed to sub-lease all or a portion of the Premises for residential use on an interim basis, in which event, Tenant assumes all Landlord obligations, duties, and liabilities under the Washington Residential Landlord-Tenant Act for any and all Sub-Tenants.
Interim Use a. Owner shall own and operate the Disposition Property for PHA tenants until such time as all the tenants are relocated and the units are to be demolished; at which point the Disposition Property will be is subsequently transferred to the Master Developer or its affiliate as described in the HUD Disposition Approval.
b. Master Developer shall use the Disposition Property only for construction of the infrastructure improvements. Upon the (a) conveyance of Infrastructure Developer leasehold interest in the Disposition Property and its fee interest in the infrastructure improvements and the conveyance of the fee interest in the that portion of the Disposition Property by the PHA to the City and County of San Francisco, and (b) the acceptance of such conveyances by the City and County of San Francisco; that portion of the Disposition Property that is covered by such acceptance shall be removed from this Agreement.
Interim Use. Until such time as the LADWP Lease Assignment is ----------- completed, the Project Partnerships shall continue to have the irrevocable and unconditional right to enter on and use the LADWP Leasehold Premises and to produce, inject and otherwise utilize the geothermal resources located therein, as well as the CLC Pre-Existing Assets. Until such time as the Operator Assignment is completed, Operator shall provide the Project Partnerships with the right to use the MidAmerican Pre-Existing Assets. Until such time as the CA-11401 Lease Assignment is completed, CED shall continue to have the irrevocable and unconditional right to enter on and use the CA-11401 Leasehold Premises and to produce, inject and otherwise utilize the geothermal resources located therein.
Interim Use. Manitoba and Hydro agree that prior to title being issued to the Land Corporation, Fox Lake may, at its own risk and subject to obtaining all required licences, permits and approvals, use the Limestone Construction Camp site for reasonable, non-permanent purposes that do not in any way interfere with or impede Hydro’s use of the site for the proposed future development of the Conawapa Generating Station.
Interim Use. The City agrees that Property Owner may use the Property during the Term of this Agreement for any use which is otherwise permitted by the applicable zoning regulations and the General Plan in effect at the time of the interim use or pursuant to any approvals, permits, or other entitlements previously granted and in effect as of the Effective Date.
Interim Use. The Parties desire to use the Master Development Site for the interim uses specified in Article 3 hereof.
Interim Use. (a) At Lessee's option from and after Substantial Completion of the Conference/Training Center and five or more floors of the Office Tower, Construction Agents shall have the right to place such Improvements in service and to lease and occupy such substantially completed portions of the Improvements. The Construction Agents shall have the further right from time to time to lease additional floors of the Office Tower as they are substantially completed and ready to be placed in service. Such right to lease and occupy the substantially completed portions may be exercised by Lessee giving at least 30 days' prior written notice to Lessor or Collateral Agent specifying the date such lease is to begin, the portions to be occupied and the rent in respect thereof (determined in accordance with Section 2.8(b)); upon the giving of such notice of exercise, the interim right to use shall be operative, without the need for any further lease agreement.
(b) Construction Agents shall pay rent on a monthly basis ("Interim Rent") for any portion of the Improvements leased pursuant to Section 2.8(a), in an amount equal to Construction Period Accrued Interest and Construction Period Accrued Yield fairly allocable in accordance with GAAP (allocated as of the end of each period for which Construction Period Accrued Interest and Construction Period Accrued Yield are determined on the basis of the cost of the portion of the Properties leased pursuant to Section 2.8(a) relative to the portions not so leased) to the Advances applied to constructing such Improvements. Interim Rent is payable on each Advance Date.