Apartment Project definition
Examples of Apartment Project in a sentence
As provided in Section 2 of the Master Development Agreement, City has paid or shall pay Architect for the cost of the Plans to the extent that they relate to the Phase 1 Garage and SRL has paid or shall pay Architect for the cost of the Plans to the extent that they relate to the Phase 1 Apartment Project and the Phase 1 Retail Project.
City’s right to use portions of the Phase 1 Garage shall be limited to those areas of the Phase 1 Garage that are not impacted or affected by the on-going construction of the Phase 1 Apartment Project and the Phase 1 Retail Project.
The Construction Contract includes two separate construction budgets, one for the Phase 1 Garage (the “Parking Garage Budget”), and the other for the Phase 1 Apartment Project and the Phase 1 Retail Project (the “Apartments and Retail Budget”).
Developer also intends to obtain a construction loan in the amount of FIFTY FOUR MILLION ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($54,100,000.00) (the “Loan”) from The Bank of the Ozarks (“Construction Lender”) for the construction of the Phase 1 Apartment Project and the Phase 1 Retail Project.
Simultaneously with the granting by the Village of the final occupancy 867 permit for the Apartment Project, Developer shall carry casualty insurance in an amount 868 not less than full replacement cost, and shall provide the Village evidence of such 869 insurance coverage at least once each calendar year.
Materials and plans entitled “Barra Road Apartments, A 250 unit Apartment Project, ▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇”, prepared by BH2M and consisting of 15 pages attached hereto as Exhibit C, page 2 of which contains the signatures of the Biddeford Planning Board members and will be duly recorded in the York Registry of Deeds.
The Parties agree that, for the Term of this Agreement as defined in Section 3, the running of all filing and/or submittal and review deadlines and the requirement to pay any additional fees or costs applicable to the Apartment Project, by either Party, are tolled.
If the Term of this Agreement expires or if Applicant earlier terminates this Agreement and Applicant reverts to processing the Apartment Project, the Review Letters shall be controlling and no new or expanded requirements, deliverables, or requests may be imposed by the Town, except that the Town retains the ability to impose new requirements if the Applicant revises the Apartment Project or submits new information.
The first sentence of Section 3.06(A) is hereby replaced in its entirety by the following: On or before September 30, 2018, Developer shall enter into a Component Development Agreement with a Component Developer for each of the Hotel and Apartment Project Components.
However, in the event Developer fails to commence construction of the Apartment 1074 Project after the issuance of a building permit for the Apartment Project, the Village shall have 1075 all of its rights and remedies under the Guaranty, the form of which is attached hereto as Exhibit 1076 12.