Transfer by Developer of Developed Critical Commercial Lots Sample Clauses

Transfer by Developer of Developed Critical Commercial Lots. 2 Developer or the Developer joint venture entity developing the Critical Commercial Lots may, 3 in its sole discretion, subsequently transfer (as that term is defined in the DDA) any of the 5 party, provided, however, that any and all revenues received by Developer or the Developer 6 joint venture entity arising from or associated with the transfer of the Developed Critical 7 Commercial Lots shall be treated as Gross Revenues hereunder. Transfer of the Developed 8 Critical Commercial Lots shall be by sale, or by sub-ground lease or assignment of ground 9 lease, provided, however, with respect to the first transfer of a ground lease by Xxxxxxxxx, the 10 transferee shall be required to pay a transfer payment based upon the fair market value for the 11 right to occupy the applicable Developed Critical Commercial Lot on the terms and conditions 12 of the ground lease. A joint venture entity in which Developer holds an ownership interest 13 may purchase the Developed Critical Commercial Lot and in such case, the transfer price shall 14 be determined in accordance with the Appraisal Process described in Section 5.4 hereof. If 15 Developer elects to sell the Developed Critical Commercial Lot a to a third-party entity (such 16 parcel, a “Non-Developer Critical Commercial Lot”), the transfer price shall be determined 17 by Auction pursuant to the Auction process applicable to Commercial Lots, as set forth in 18 Section 5.2.4 below. 19
Sample 1
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Related to Transfer by Developer of Developed Critical Commercial Lots

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  • Creative Commons Attribution-Non-Commercial-NoDerivs License The Creative Commons Attribution Non-Commercial-NoDerivs License (CC-BY-NC-ND) permits use, distribution and reproduction in any medium, provided the original work is properly cited, is not used for commercial purposes and no modifications or adaptations are made. (see below) Use by commercial "for-profit" organizations Use of Wiley Open Access articles for commercial, promotional, or marketing purposes requires further explicit permission from Wiley and will be subject to a fee. Further details can be found on Wiley Online Library xxxx://xxxxxxx.xxxxx.xxx/WileyCDA/Section/id-410895.html Other Terms and Conditions:

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