Redeveloper’s Representation Sample Clauses

Redeveloper’s Representation. The Redeveloper represents that it shall remain the owner of record of the Property throughout the development of the Project and construction of same, subject to its right of Transfer in accordance with Section 8.1 hereof and the terms of the Redevelopment Agreement. The Redeveloper represents that a construction firm related to the Redeveloper as of the date hereof may be contracted to undertake the construction of the Project. The Redeveloper also represents that prior to or after completion of the Project, as evidenced by the issuance of all Certificates of Occupancy and recording of the Certificate of Completion in substantially the form provided in Exhibit D of the Redevelopment Agreement, it may transfer membership interests in the Redeveloper in their entirety to new investor member(s). It further represents that the Redeveloper will execute a lease for the entire Property with another company, as tenant, which will be related to RH, a Delaware corporation, as constituted as of the Effective Date which lease shall be for a term of not less than 20 years, with two five-year options to renew the lease. Each option period shall include 8.5% increases over the prior five year period in the Annual Gross Revenue. The Redeveloper represents and covenants that upon completion, the Project, including the Property and Improvements, shall be used, managed and operated for the purposes set forth in the Application and in accordance with the Redevelopment Plan and Applicable Law. The Redeveloper represents and agrees that there will be no retail sales to the general public which will take place at the Project until the ASC Commencement Date.
Sample 1
AutoNDA by SimpleDocs

Related to Redeveloper’s Representation

  • BIDDER'S REPRESENTATION 3.1 Each Bidder by electronic signature and submitting a bid, represents that the Bidder has read and understands the specification documents, and the bid has been made in accordance therewith.

  • Seller’s Representations Seller represents and warrants to Buyer as follows:

  • Buyer’s Representations Buyer represents and warrants to, and covenants with, Seller as follows:

  • Seller Representations Seller hereby represents and warrants that:

  • CONTRACTOR’S REPRESENTATIONS 8.01 In order to induce Owner to enter into this Contract, Contractor makes the following representations:

  • Fair Representation MSEA-SEIU acknowledges its statutory responsibility to represent and handle grievances for all employees within the bargaining unit. The State shall not be responsible for actions taken or not taken by MSEA-SEIU with respect to its responsibility to provide fair representation.

  • Buyer’s Representations and Warranties The Buyer represents and warrants to the Company that:

  • Customer Representations Customer hereby represents and warrants that:

  • Seller’s Representations and Warranties Seller represents and warrants to Purchaser that:

  • Investment Representation The Holder hereby represents and covenants that (a) any share of Stock acquired upon the vesting of the Award will be acquired for investment and not with a view to the distribution thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”), unless such acquisition has been registered under the Securities Act and any applicable state securities laws; (b) any subsequent sale of any such shares shall be made either pursuant to an effective registration statement under the Securities Act and any applicable state securities laws, or pursuant to an exemption from registration under the Securities Act and such state securities laws; and (c) if requested by the Company, the Holder shall submit a written statement, in form satisfactory to the Company, to the effect that such representation (x) is true and correct as of the date of vesting of any shares of Stock hereunder or (y) is true and correct as of the date of any sale of any such share, as applicable. As a further condition precedent to the delivery to the Holder of any shares of Stock subject to the Award, the Holder shall comply with all regulations and requirements of any regulatory authority having control of or supervision over the issuance or delivery of the shares and, in connection therewith, shall execute any documents which the Board shall in its sole discretion deem necessary or advisable.

Time is Money Join Law Insider Premium to draft better contracts faster.