Common use of Social Commitments Clause in Contracts

Social Commitments. (a) As set forth on Exhibit A, Section E, Developer agrees to use commercially reasonable efforts to acquire all or some of its financing from a Detroit-Based Business, a Detroit Resident Business and/or a Small Business Concern and/or to utilize Detroit-based and/or Minority-owned financial institutions in serving Developer's financial needs.

Appears in 2 contracts

Samples: Revised Development Agreement (Mandalay Resort Group), Revised Development Agreement (MGM Mirage)

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Social Commitments. (a) As set forth on Exhibit A, Section E, Developer agrees to use commercially reasonable efforts to acquire all or some of its financing from a Detroit-Based Business, a Detroit Resident Business and/or a Small Business Concern and/or to utilize Detroit-based and/or Minority-owned financial institutions in serving Developer's ’s financial needs.

Appears in 2 contracts

Samples: Development Agreement (New Greektown Holdco LLC), Development Agreement (Greektown Superholdings, Inc.)

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