Master Development Agreement. City and Owner will make all reasonable efforts to enter into a Master Development Agreement relating to Village Center on or before June 17, 2019. Further, City agrees that it will not unreasonably withhold its consent to a Master Development Agreement with Owner.
Master Development Agreement. That agreement between the parties executed concurrently with this Agreement under which WTT shall perform certain software development services for WTP.
Master Development Agreement. “Master Development Agreement” shall mean that certain Master Development Agreement dated as of March 12, 2001, by and among HILP, BMDC and WSI, as amended from time to time. 1.66
Master Development Agreement. A fully executed termination or amendment of the Master Development Agreement described in Section 3.1(g).
Master Development Agreement. The MDA is in full force and effect, and no event has occurred or condition exists that constitutes or, with the giving of notice or the passage of time or both, would constitute any (i) breach or default by the Developer or the Port of Bellingham under the MDA or (ii) could affect the validity of or lead to early termination of the MDA.
Master Development Agreement. That agreement between the parties executed concurrently with this Agreement under which WTT shall perform certain software development services for WTP. [*] The redacted portions indicated by this symbol are the subject of a confidential treatment request and have been filed separately with the Securities and Exchange Commission.
Master Development Agreement. The County and the JDA have entered into a Master Development Agreement, dated , 2018, (the “MDA”) with Alatus Arden Hills, LLC, a Minnesota limited liability company (the “Master Developer”). The terms used in this Agreement which are defined in the MDA shall have the meanings specified therein, unless the context of this Agreement otherwise requires, or unless such terms are otherwise specifically defined herein. To the extent that any of the terms of this Agreement are in conflict with the Master Development Agreement or the TCAAP Master Plan, the terms of the Master Development Agreement and the TCAAP Master Plan (as defined therein) shall prevail.
Master Development Agreement. The Master Development Agreement provides the conceptual roadmap for development of the Project and the Public Improvements, setting forth the Collateral Agreements the parties expect to enter into as well as the undertakings that the parties agree must be satisfied to proceed with the Project and the Public Improvements. The Master Development Agreement highlights key business points expected to be included in each Collateral Agreement and provides a general timeline for negotiation and execution of the Collateral Agreements and for satisfaction of the undertakings. The Collateral Agreements currently consist of the following: Land Disposition Agreement (consisting of a Buy/Sell Agreement, Promissory Note, Trust Indenture, Deed and an escrow agreement) Conference Center and Parking Facility Development Agreement Conference Center Lease/Management Agreement Condominium Documents Land Use Agreement Parking Facility Lease Agreement The Master Development Agreement provides that all Collateral Agreements are to be executed by August 22, 2107, subject to a 3-month extension to November 22, 2017 by mutual agreement of the parties (developer, City, and MRA), and all Collateral Agreements are expected to be executed on or as of the same date. An agreement extending the Collateral Agreement Deadline to November 22, 2017 has been prepared. DISCUSSION DRAFT Once all Collateral Agreements are executed and all undertakings set forth in the Master Development Agreement are satisfied, the Master Development Agreement will be largely supplanted by the Collateral Agreements and the parties will be governed by their rights and obligations under the Collateral Agreements.
Master Development Agreement. The Master Development Agreement is intended to provide a conceptual roadmap for development of the Project and the Public Improvements, setting forth the Collateral Agreements the parties expect to enter into as well as the undertakings that the parties agree must be satisfied to proceed with the Project and the Public Improvements. The Master Development Agreement highlights key business points expected to be included in each Collateral Agreement and provides a general timeline for negotiation and execution of the Collateral Agreements and for satisfaction of the undertakings. The Collateral Agreements currently consist of the following: • Land Disposition Agreement (consisting of a Buy/Sell Agreement, Promissory Note, Trust Indenture, Deed and an escrow agreement) • Conference Center and Parking Facility Development Agreement • Condominium Documents • Land Use Agreement • Conference Center [Lease and Use Agreement]1 • Parking Facility Management Agreement • Parking Facility Lease Agreement • Documents relating to the creation of the Development Area SID and sale and issuance of the Development Area XXX Xxxx 1 This agreement may take the form of a lease, a management agreement or a combination lease and use agreement. MRA staff are reaching out to Xxx Xxxxxx to determine if there is a preference from the City’s perspective. DISCUSSION DRAFT The Master Development Agreement provides that all Collateral Agreements are to be executed within [6] months after execution of the Master Development Agreement, subject to a [3] month extension by mutual agreement of the parties, and all Collateral Agreements are expected to be executed on or as of the same date. Because the Master Development Agreement is intended to lead to execution of the more detailed and substantive Collateral Agreements, the remedies in the Master Development Agreement are relatively few and straightforward: in the event of default, the non-defaulting party may suspend its performance under the Master Development Agreement, cancel and rescind the Master Development Agreement, or take no action if the defaulting party timely provides satisfactory written assurances that the default will be timely cured. The Collateral Agreements will provide for more detailed default language and substantive legal and equitable remedies. Once all Collateral Agreements are executed and all undertakings set forth in the Master Development Agreement are satisfied, the Master Development Agreement will be largely ...
Master Development Agreement. The Contributor shall have caused the Master Development Agreement dated April 30, 2001, as amended by an Amendment to Master Development Agreement dated as of January 31, 2003 (as amended, the "Master Development Agreement") among the City of Sugar Land, Texas, Xxxxxxxxx Properties Incorporated and Stormont Hospitality Group, LLC to be amended in a form reasonably satisfactory to the Acquirer and the Contributor in order to (A) delete and terminate the following provisions thereof, or (B) acknowledge that such provisions are fully performed and satisfied or are otherwise contained in the "Conference Center and Parking Lease" (as defined in the Master Development Agreement) and the Hotel Development Agreement and therefore are no longer binding obligations under the Master Development Agreement: Sections 2.2.5, 8.3, 11.1.6, 11.1.8, and Article 12.
