Subsequent updates Clause Samples

Subsequent updates. The Updates referred to in this Contract mean that any improvements made to the subject matter of this contract by either party or both parties during the term of this Contract. Both Parties agree that the subsequent improvements to the subject matters of this Contract shall be made by Party A and shall be owned by Party A.

Subsequent updates. If any subsequent updated version(s) of the Title Commitment and/or Survey should contain exceptions that were not set forth on the original versions of the Title Commitment and Survey reviewed by Purchaser (and were not created by Purchaser or with Purchaser’s express, written consent), the foregoing provisions of this Section 6 shall apply, as to such additional exceptions only, as to the updated version(s) of the Title Commitment and/or Survey with respect to the review, objection and cure of such additional exceptions; provided, however, all deadlines in this Section 6 shall be reduced so that Purchaser’s Title Review Period would be four (4) days, Seller’s Response Period would be two (2) days, and Purchaser’s termination right would last for two (2) days.

Subsequent updates. All subsequent updates shall be made only as set forth in Supply Terms Section 4.5. The costs of all such subsequent updates shall be as set forth in such Supply Terms Section.

Subsequent updates. An updated TIA shall be submitted in December 2012 or when the total square built square footage with the Carolina North projectProject reaches 800,000 square feet of total building floor space, whichever occurs first. later. Thereafter, additional TIA updates shall be submitted upon a schedule mutually agreed upon by the Town and University, provided that an update shall be submitted no less frequently than every five years or for each increment of development on the Carolina North Tract that includes 800,000 square feet of total building floor space, whichever occurs later. These updates shall continue until construction of the buildings included in the Carolina North projectProject subject to this Agreement is substantially complete, a new development agreement supersedes this requirement, or this Agreement is modified. New traffic and transportation data shall be collected in September/October of the applicable year for each TIA update. If there has not been substantial development on the Carolina North project in the period since the previously completed TIA, the University may request that the Manager approve a delay in a TIA update or a modification in the scope of the TIA.