Commercial Element definition
Examples of Commercial Element in a sentence
The North Site Budget includes an estimated amount to construct the North Site Commercial Element to “▇▇▇▇ box condition” (the “North Site Commercial Construction Cost”), which estimated amount will be paid by the Developer as provided below.
The Housing Declaration for Block 1 will include a provision by which that portion of the Block 1 which is replatted for a Commercial Element will be released from such Housing Declaration by no later than the date the final Element City Approval is granted for such Commercial Element.
At the Land Transfer Closing for the South Site, the Developer will deposit in escrow with Escrow Agent one hundred ten percent (110%) of the North Site Commercial Construction Cost (“North Site Commercial Construction Deposit”) to finance the Authority’s construction of the North Site Commercial Element.