Area Development Rights definition

Area Development Rights means certain development rights allotted or sold, or able to be allotted or sold, to an area developer to market and sell territories within a specified geographic area to eligible franchisees.
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Examples of Area Development Rights in a sentence

  • Transferor and Transferee desire to transfer the Subject Floor Area Development Rights to the Receiving Lot.

  • Purchaser hereby indemnifies Seller and agrees to defend and hold Seller harmless from and against any costs, liability and expense (including reasonable attorneys' fees, including reasonable attorney's fees in the collection thereof) arising from or relating to any Transfer Taxes owing (or that may be found, after the Closing, upon subsequent audit or otherwise to have been owing) in connection with the sale of the Subject Floor Area Development Rights to Purchaser.

  • Notwithstanding the foregoing, in the event that Purchaser does not terminate this Agreement, and such taking by condemnation or eminent domain, or casualty, has resulted in a reduction of the Development Rights appurtenant to the Seller Parcel so that the amount of the Subject Floor Area Development Rights has been thereby reduced, Purchaser shall be entitled to all the remaining Subject Floor Area Development Rights and the Purchase Price shall be reduced on a pro-rata basis.

  • Notwithstanding the foregoing, in the event that Purchaser does not terminate this Agreement, and such taking by condemnation or eminent domain, or casualty, has resulted in a reduction of the Development Rights appurtenant to the Seller’s Premises so that the amount of the Subject Floor Area Development Rights has been thereby reduced, Purchaser shall be entitled to all the remaining Subject Floor Area Development Rights and the Purchase Price shall be reduced on a pro-rata basis.

  • Purchaser hereby indemnifies Xxxxxx and agrees to defend and hold Seller harmless from and against any costs, liability and expense (including reasonable attorneys' fees, including reasonable attorney's fees in the collection thereof) arising from or relating to any Transfer Taxes owing (or that may be found, after the Closing, upon subsequent audit or otherwise to have been owing) in connection with the sale of the Subject Floor Area Development Rights to Purchaser.

  • This grant of Area Development Rights (“Area Development Rights”) by PMI shall be in force for the term of this Agreement, subject to the terms and limitations herein, provided that you are in compliance with the terms of this Agreement and the Franchise Agreements.

  • Stores existing or under contract to be developed prior to the Effective Date are excluded from the exclusive Area Development Rights (as defined in Section 3.1) granted to you pursuant to this Agreement.

  • For the services rendered, the facilities furnished and expenses assumed by the Temporary Investment Advisor, Advisor shall pay to the Temporary Investment Advisor a fee as set forth in Schedule B in respect of the Fund.

  • Key PersonFelippe MarquesPosition with the CompanyTitle Owner First Year2016Other business experience (last three years)Fit Wellness, LLC dba Wellness For Humanity , March 2020 to Present - Owner, manager and national operator for rapid-response Covid-19 Testing Wellness Center in Atlanta, GA with Area Development Rights for GA , FL and NV.

  • Promptly after the execution of this Agreement, Purchaser shall, at its sole cost and expense, cause an independent, third party architect, engineer, or surveyor to certify to Seller and Purchaser the amount of Retained Floor Area Development Rights (as defined in the ZLDA) (the “Development Rights Survey”), which Development Rights Survey shall be binding on Seller and Purchaser absent manifest error.

Related to Area Development Rights

  • Development rights means any right or combination of rights reserved by a declarant in the declaration to:

  • Development Works means the external development works and internal development works on immovable property;

  • Development Area means that area to which a development plan is applicable.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Development Project means a project for the development of land within a

  • New development means development resulting from the conversion of previously undeveloped land or agricultural land uses.

  • Development Work means the work of development to be performed on or with respect to the Land (including, without limitation, the installation of utilities, roads and all related on-site and off-site improvements) in connection with the development of the Land for the subsequent construction thereon of Homes, all of which work and construction shall be completed by or on behalf of the Borrower in accordance with the Plans and Specifications, but shall not include the Construction Improvements.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Development Phase means the period before a vehicle type is type approved.

  • Development Data means all non-clinical, clinical, technical, chemical, safety, and scientific data and information and other results, including relevant laboratory notebook information, screening data, and synthesis schemes, including descriptions in any form, data and other information, in each case, that is generated by or resulting from or in connection with the conduct of Development of Products, to the extent that the same are Controlled by or in Adapt’s or its Affiliates’ or Adapt’s Commercial Sublicensees’ possession, and may be disclosed to Lightlake without violating any obligation under Applicable Law.

  • Development Program means the implementation of the development plan.

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Development Application means the development application identified in Item 5 of Schedule 1 and includes all plans, reports models, photomontages, material boards (as amended supplemented) submitted to the consent authority before the determination of that Development Application.

  • spatial development framework means the Kouga Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Transferable development right means a right to develop and use land that

  • Development approval means any written authorization from a

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Mixed use development means a Building used, designed or intended for Residential and Non-Residential uses, where:

  • Development means any man-made change to improved or unimproved real estate, including, but not limited to, buildings or other structures, mining, dredging, filling, grading, paving, excavation or drilling operations, or storage of equipment or materials.

  • Development Agreement has the meaning set forth in the Recitals.

  • Collaboration Compound means any of the following: (a) FG-4592, (b) any HIF Compound (other than FG-4592) that is added to this Agreement pursuant to Section 3.6, and (c) any salts, esters, complexes, chelates, crystalline and amorphous morphic forms, pegylated forms, enantiomers (excluding regioisomers), prodrugs, solvates, metabolites and catabolites of any of the foregoing ((a) or (b)).

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.

  • Development Plan has the meaning set forth in Section 3.2.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in: