The Redevelopment Project Clause Samples
The "Redevelopment Project" clause defines the scope and parameters of a specific redevelopment initiative covered by the agreement. It typically outlines the location, nature, and objectives of the project, such as renovating existing structures, upgrading facilities, or repurposing land for new uses. By clearly identifying what constitutes the redevelopment project, this clause ensures all parties have a shared understanding of the project's boundaries and deliverables, thereby minimizing disputes and providing a framework for performance and compliance.
The Redevelopment Project. Section 4.01. Scope of the Project 12 Section 4.02. Project Schedule 12 Section 4.03. Project Budget 13 Section 4.04. Design of Project 13 Section 4.05. Project Zoning, Planning, Platting and Construction 13 Section 4.06. Rights of Access 15 Section 4.07. Certificate of Substantial Completion 15 Section 4.08. Certificate of Minimum Investment 15
The Redevelopment Project. Pursuant to the Cooperation Framework Agreement, Shenzhen Xinxiang is the sole principal of the Redevelopment Project with the sole right to redevelop and reconstruct the Land, and is responsible for the obtaining of approval of the PRC Government for the establishment and approval of the Redevelopment Project, the demolition of the existing properties, the design, construction, completion and operation of the Redevelopment Project, and paying all costs in connection with the redevelopment and reconstruction of the Land (including demolition compensation to Shenzhen Agricultural Products, reconstruction expenses, renovation expenses and land premium but excluding the payments made to the Tenants on behalf of Shenzhen Agricultural Products), whereas Shenzhen Agricultural Products is responsible for the provision of the Land, the resettlement of the Tenants and the arrangement of resettlement compensation to the Tenants, the payments of which will be made by Shenzhen Xinxiang on behalf of Shenzhen Agricultural Products. The PRC Government shall approve the scope and size of the Land subject to the Redevelopment Project and the land premium to be paid by Shenzhen Xinxiang in respect of each phase of the Redevelopment Project. The Company will comply with the requirements under the Listing Rules when the details of the land premium to be paid are confirmed. Upon completion of the Redevelopment Project, the property rights of all the redeveloped properties on the Land (except those which are subject to the demolition arrangement of substitution of existing properties with the redeveloped properties, and the infrastructure and the public service facilities ancillary to the Redevelopment Project) will belong to Shenzhen Xinxiang. Shenzhen Agricultural Products will assist Shenzhen Xinxiang to cancel its legal land use rights of the Land and its property rights of the existing properties on the Land with the PRC Government and to register Shenzhen Xinxiang as the owner of the land use rights of the Land and the redeveloped properties with the PRC Government (except those which are subject to the resettlement arrangement of substitution of existing properties with the redeveloped properties). The Redevelopment Project is an urban renewal project which will be divided into two phases subject to the approval of the PRC Government.
The Redevelopment Project. The Parties acknowledge and agree that Lessor is acquiring the Premises pursuant to the Action for the public purpose of redevelopment and the elimination of blight in the "Town Center" area of the City of Signal Hill and the development of such other uses as are consistent with the Redevelopment Plan for the Signal Hill Redevelopment Project Area No. 1, as amended.
The Redevelopment Project