Anticipated Development definition

Anticipated Development means construction of an extension to the buildings on a Current Property and/or the construction of new buildings on a Current Property up to an aggregate additional floor area no greater than 20% of the aggregate floor area of the buildings on the Current Property as at the Completion Date, where such construction is a natural expansion of the business carried on at the Current Property as at the Completion Date;
View Source

Examples of Anticipated Development in a sentence

  • Master Developer and the Retail Developer acknowledge and agree that they bear the entire risk under this Agreement if the Project is valued at less than the Anticipated Development Value and/or is not developed within the time frame anticipated by the Master Developer and Retail Developer resulting in the share of the Incremental TIF payable by the CRA pursuant to this Agreement being less than anticipated by Master Developer and Retail Developer.

  • The estimated Incremental TIF is attached to this Agreement on Exhibit “C.” Developer acknowledges and agrees that it bears the entire risk under this Agreement if the Project is valued at less than the Anticipated Development Value and/or is not developed within the time frame anticipated by the Developer resulting in the share of the Incremental TIF payable by the CRA pursuant to this Agreement being less than anticipated by Developer.

  • Master Developer and Retail Developer acknowledge and agree that the CRA shall have no liability to Master Developer and Retail Developer if the Anticipated Development Value as estimated by Master Developer and Retail Developer proves not to be accurate for any reason and if the estimates provided by the Master Developer and Retail Developer prove to be inaccurate, same shall not relieve Master Developer and Retail Developer of their respective obligations pursuant to this Agreement.

  • Master Developer estimates that Anticipated Development Value will generate approximately Twelve Million Eighty-Seven Thousand and No/100 Dollars ($12,087,000.00) in the aggregate in Incremental TIF for the entirety of Phase I, with such Incremental TIF beginning as of January 1, 2018.

  • Developer estimates that Anticipated Development Value will generate approximately and No/100 Dollars ($ ) Incremental TIF annually for the entirety of the Project, with such Incremental TIF beginning as of .

  • Estimated Incremental TIF and Phase Completion on a Phase-by-Phase basis is attached to this Agreement on Exhibit “C.” CRA has conducted no independent evaluation regarding the Anticipated Development Value, estimated Phase Completion and the estimate of the Incremental TIF that will be generated by the Project which has been provided by the Master Developer and Retail Developer.

  • Lancashire County Council shall pay Merseyrail the sums(s) equivalent to all items comprised in the Development Expenditure as assessed pursuant to clause 6.3 Subject to clause 6.3, Lancashire County Council shall pay Merseyrail the Development Expenditure on or before the thirtieth day after the date of a VAT invoice from Merseyrail for the relevant amount calculated in accordance with this Agreement provided that the Anticipated Development Expenditure has not been exceeded.