Buildable Condition definition

Buildable Condition means a level, bare building site with no existing slabs or foundations, and with no woody vegetation or large rocks.

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Buildable Condition means delivery of the Project Site to the Bank with: (i) demolition and removal of all existing structures and other above and below grade improvements including any at grade permanent surfaces and the plugging of existing sanitary and/or storm sewer connections at the property line with all material removed from site; (ii) all environmental remediation accomplished so as to comply with Applicable Law for use of the Project on the Project Site; (iii) all public utilities (water and sewer) either removed and/or capped, if such capping shall not cause extraordinary construction costs for the Project nor interfere with the use of the Project as intended; and all private utilities (gas, electric, phone and cable) either removed and/or capped.

Buildable Condition defined in Section 7.2 CASp: defined in Section 28.20. CCC: defined in Section 4.3. CDP: defined in Section 4.3. CEQA: defined in Section 4.3. CERTIFICATES: defined in Section 18.3.1. CFR: defined in Section 21.5.2. CHANGE IN ENTITY: includes, whether through one transaction or a series of transactions. (i) with respect to a corporation whose stock is not publicly traded through a nationally recognized DEFINITIONS ADDENDUM exchange, partnership, association, limited liability company, or other entity (other than a corporation whose stock is traded through a nationally recognized exchange) any one or more of the following resulting in a change in Control of Tenant: (A) the withdrawal, admittance or change, voluntary, involuntary or by operation of law or otherwise, of one or more of the partners, members, shareholders, or other principals or participants unless due to death or disability of the shareholders, partners and/or members, or (B) the assignment, transfer or sale (including upon the enforcement of any hypothecation, pledge or encumbrance), whether voluntary or involuntary or by operation of law or otherwise, of any stock, partnership, membership or equity interests (other than (i) to immediate family members by reason of gift or death, or (ii) to a family trust for the benefit of immediate family members), or (C) the dissolution, merger, consolidation or other reorganization of such corporation, partnership, association, limited liability company or other entity; (ii) with respect to a corporation whose stock is publicly held and traded through a nationally recognized exchange, the transfer or sale, voluntary or involuntary, of all or substantially all of the assets or stock of the corporation to a third party. Any event(s) or transaction(s) that would constitute a Change in Entity of a Tenant Parent also shall constitute a Change in Entity of Tenant. CLAIMS: defined in Section 22.4.3(a).

Examples of Buildable Condition in a sentence

• Tenant shall deliver the Premises and Improvements to Landlord in a Buildable Condition and in accordance with any other condition required for the surrender of the Premises under this Lease.

• The Agency has delivered the Leased Premises in "Buildable Condition" as such term is defined in the Project Agreement.

• After the successful completion of the probationary period, seniority shall be backdated to include the probationary period.

• If Lease expires or terminateswithout a new lessee of the Premises, and Improvements remain on the Premises, shall to a Buildable Condition, except that Lessee shall remove any paving prior, express, written approval of the County.

• If the Authority, after conferring with the Developer, determines that such Post-Closing Geotechnical Condition cannot feasibly be cured, the affected Development Site or portion thereof shall be removed from the Phase and if reasonably available a suitable alternative site acceptable to the Developer in Clean and Buildable Condition shall be substituted therefor in order to permit development and construction of a Phase having the full number of units and unit mix planned.

• IfLease expires or terminates without a new lessee ofthe Premises, and Improvements remain on the Premises, then Lessee, at Lessee's expense, shall remove the Improvements located on the Premises within 90 days ofthe expiration ofthe Lease and return the Premises to a Buildable Condition, except that Lessee shall remove any paving associated with an apron or taxiway only with prior, express, written approval ofthe County.

• The Developer, directly or through Rental Owner Entities, shall initiate, coordinate, and carry out or contract for all design, financing, and construction activities in connection with the development, construction and completion of each Rental Phase under the Rebuilding Plan, subject to delivery by the Authority to the Developer or appropriate Rental Owner Entities of Development Sites in Clean and Buildable Condition and more generally as further provided in and subject to the terms of this Agreement.

• All sites for physical redevelopment activities to be conducted as part of any Phase of the Development shall be in Clean and Buildable Condition before they are conveyed to the Developer or Owner Entity.

• In the event offire or any other casualty to Improvements on the Premises owned by Lessee, Lessee shall either repair the Improvement or replace the Premises to Buildable Condition; such action must be accomplished within the time frame provided in the Rules and Regulations for construction ofa new structure, counting from the date the damage occurred.

More Definitions of Buildable Condition

Buildable Condition shall have the meaning provided in Section 7.2 herein.

Buildable Condition means completion of the following work: (i) the demolition and removal of any subsurface Private Improvements (including foundations and pilings (but Tenant will not be required to remove any subsurface Private Improvements that are located more than one (1) foot above the highest water table)), the Existing Improvements on the Hotel Land and the Parking Premises, and the public and private utilities on the Hotel Land and the Parking Premises (provided, however, that a “Buildable Condition” will not require the demolition or removal of such subsurface Private Improvements, Existing Improvements and/or public and private utilities if Landlord instructs Tenant not to demolish and remove them in the Landlord’s Non-Demolition Notice), any Hazardous Materials and Pre-Existing Materials but only as and to the extent required under Article 21, and any debris resulting from such demolition and removal;