CMLC Agreement definition
CMLC Agreement means the agreement, dated as of July 30, 2021 among the City, CSEC, CSERELP and CMLC, whereby: (i) such parties, among other things, confirm the termination of the Initial Development Management Agreement, and the orderly transition of the development manager duties and responsibilities from CMLC to CSEDMC; and (ii) CMLC as developer of the Rivers District agrees to make payment towards the Phase 1 & 2 Report Costs, Initial Site Remediation Costs and Offsite Servicing Costs (as such terms are defined in the Development Management Agreement);
CMLC Agreement has the meaning ascribed thereto in the Project Framework Agreement;
Examples of CMLC Agreement in a sentence
Notwithstanding anything to the contrary in this Agreement, all costs in respect of such testing and such Phase 1 & 2 Report (the “Phase 1 & 2 Report Costs”), and all Initial Site Remediation Costs, shall be for the sole account of CMLC pursuant to the CMLC Agreement and shall be Ineligible Costs.