Phases Sample Clauses

Phases. The Project will be completed in phases as generally proposed and presented by the Phasing Plan attached hereto as Exhibit C and hereby incorporated into and made a part of this Agreement. Phases may be combined or advanced to accommodate market, financing, site and other conditions in conjunction only upon notice of intent to do so to the City and with timely combination and advancement of any improvements required for such phase(s). Other alterations, reductions, or delays to the Phasing Plan may only occur by appropriate amendment to this Agreement in accordance with the amendment process.

Phases. (a) The Revitalization Plan contemplates development of approximately 300 total units of housing on the Development Site, to be carried out in several Phases. The Phases are presently in different states of readiness and with different levels of commitment as between the City and the Developer, as further described below. (b) The Developer applied to NCHFA and received an award of 2011 low-income housing tax credits for “Rental Phase 1,” presently anticipated to consist of 119 rental units along with 13 units of complementary live/work or retail/commercial space, for a total of 132 units to be constructed on approximately 7 acres of the Revitalization Site. The City and the Developer anticipate that Closing of Rental Phase 1 will occur not later than the third quarter of calendar year 2012. (c) It is anticipated that a “Rental Phase 2” project shall be developed on the Revitalization Site, presently anticipated to consist of approximately 79 rental units of housing. The City and Developer have agreed to undertake or participate in development of Rental Phase 2, subject to the terms of this Agreement in general and more particularly contingent upon the receipt of a Low Income Housing Tax Credit (LIHTC) award from NCHFA, availability of City Funds for such Phase and authorization of such expenditures by the City Council. The Developer anticipates applying to NCHFA for an allocation of low-income housing tax credits for Rental Phase 2 no later than June 30, 2014. The City anticipates committing approximately $3,400,000 in City Loan Funds for Rental Phase 2 and approximately $1,000,000 in City Site Funds relating to Rental Phase 2 Public Improvements, with final amounts subject to City Council approval. The City and the Developer anticipate that Closing with respect to Rental Phase 2 will occur not later than the second quarter of the calendar year following the year in which NCHFA awards low-income housing tax credits for Rental Phase 2. (d) Should additional mixed-income rental development on the Revitalization Site be warranted and decided upon by the City Council, then the City and Developer shall enter in good faith negotiations to come to terms on subsequent agreements to undertake or participate in such development as a third Phase. Developer shall assist the City with selection of a development partner for any portions of the Revitalization Site not developed by Developer, for example, a home ownership development project. The City will make the final ...

Phases. This Project shall consist of the following four phases:

Phases. In general, the A/E’s work shall include services as fully described in Articles 2 and Article 3 of this Agreement. These services include, but not limited to, (i) development of a set of design documents for the Project (including a concept design; design development drawings; a permit set of construction documents; and an issued-for-construction set of documents);

Phases a. During the Program Verification Phase, the Fund shall make monthly installment payments to the Consultant of the Program Verification Payment, which installment payments shall total a sum equal to 100 percent of the Program Verification Payment. b. During the Concept Phase, the Fund shall make monthly installment payments to the Consultant of the Concept Phase, which installment payments shall total a sum equal to 100 percent of the Concept Phase Payment. c. During the Schematic Design Phase the Fund shall make monthly installment payments to the Consultant of the Schematic Payment, which installment payments shall total a sum equal to 100 percent of the Schematic Design Payment. d. During the Design Manual Phase, the Fund shall make monthly installment payments to the Consultant of the Design Manual Payment, which installment payments shall total a sum equal to 100 percent of the Design Manual Payment. e. During the Construction Document Phase the Fund shall make monthly installment payments to the Consultant of the Construction Documents Payment, which installment payments shall total a sum equal to 100 percent of the Construction Documents Payment. Said payment shall be broken down into two parts; 95 percent of the construction document payment will be paid upon completion of Article 1, Section B (5), items a through e. The remaining 5 percent of the payment will be paid upon completion of Article 1, Section B (5) items f and g.

Phases. Landlord anticipates that it will deliver possession of the Premises to Tenant in multiple phases as each phase of the Premises (each, a “Phase”) becomes ready for delivery to Tenant. As used in this Lease, the term “Current Demised Premises” shall mean, at any given time, the Premises or the Phase(s), and the portion of the Premises corresponding to such Phase(s), of which Tenant has accepted delivery in accordance with Section 1.4. Exhibit C describes each of the nine (9) Phases of the Premises. The Phases are designated on Exhibit C as “Phase 1”, “Phase 2”, “Phase 3”, “Phase 4”, “Phase 5”,”Phase 6”, “Phase A”, “Phase B” and “Phase C”. Except as expressly set forth in Sections 1.2.2, 1.3 and 1.4, Landlord shall deliver each Phase of the Premises to Tenant in its then “as-is” condition without any representations or warranties regarding condition.

Phases. 11.1 The Purchaser acknowledges and agrees that the Development may take place in phases and that the Seller has reserved the right to develop and sell xxxxx in the Development over a period of time as and when and in such manner as it deems fit, the Seller retaining the sole discretion in this regard. 11.2 The Seller shall, in its absolute discretion, be entitled to include further land in the Development and apply for, and subject to, approval by the relevant authority, vary the layout and/or zoning and/or size and/or boundaries of xxxxx and/or the extent and position of streets comprising the Development and members shall be bound thereby and shall have no claim of whatever nature against the Seller arising therefrom. Insofar as the consent of a member is required for any of the aforegoing, the Seller is irrevocably granted a power of attorney to grant any/all such consents on behalf of members, as may be required. 11.3 The Purchaser acknowledges and accepts that as a consequence of the xxxxx in the Development being sold over an extended period and because of the nature of the Development, on date of registration of transfer of the Property, the buildings on the other xxxxx or other properties in the Development and other structures and/or improvements and facilities including but not limited to infrastructure and roads in the Development and landscaping may be incomplete and the Purchaser agrees that he shall have no claim of whatsoever nature against the Seller as a result thereof.

Phases. Tenant may construct the Tenant Improvements in phases, at Tenant’s discretion, subject to the limitations set forth above with respect to the period of time within which the Tenant Improvement Allowance is available for use.

Phases. The phases of an Attack Surface Assessment include: