Completion of Development definition

Completion of Development means, with respect to the Initial Facilities (i) the completion of all Development Work, (ii) the receipt of all Permits and Approvals necessary for the construction of the Project, (iii) the completion of definitive forms of the principal Construction Agreements, (iv) the completion of the definitive Budget and Plan of Finance for the Cost of Acquisition and Construction, and (v) a determination by the Project Management Committee that the Project is feasible and that the construction of the Initial Facilities should proceed, all as more fully described in Section 6.
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Completion of Development means a certificate of occupancy has been issued.
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Completion of Development. The terms "Complete Development", Completion of Development", "Completion", "Complete", "Complete the Casino Support Facilities", and terms of like import mean and refer to the occurrence of all of the following: Franchisee shall, in good faith, have taken essential steps toward the completion of construction of the Casino Support facilities free of (or shall have bonded against) Prohibited Liens; Franchisee shall have obtained a permanent or temporary certificate of occupancy for the use of the Casino Support Facilities and all public areas, mechanical space, and other service areas; Franchisee shall be in full compliance with all of the terms and conditions of this Agreement; and Franchisee shall have commenced gaming operations according to the provisions of Section 5, Development and Construction of Gaming Facilities and Casino Support Facilities.
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Examples of Completion of Development in a sentence

  • For purpoases hereof, the TradeAnywhere™ software development shall be deemed to be completed upon the earlier of the (i) completion of software pursuant to the written requirements for such software attached as Schedule 3.2; or (ii) the use of such software in actual production or commercial purposaes by any person or entity (either, the "Completion of Development").

  • NET and the FOunders agree to take all necessary actions to casue TSI to pay, or for NET to pay directly, any amount of the $425,000 that is not used to pay third parties to be immediately payable in equal amounts to the Founders upon Completion of Development.

  • Other Provisions of This Agreement and other Financing Documents 41 8.3. Representations and Warranties 42 8.4. Progress of Development 42 8.5. Completion of Development 42 8.6. Default Under Construction Contracts 42 8.7. Mechanic's Lien 42 8.8. Liquidation, Termination, Dissolution, etc.

  • Notwithstanding the foregoing, the Termination Upon Completion of Development and/or Termination Upon Sale to Public shall not have any effect on the obligations of the Town or Developer with respect to the Water System Conveyance and Reimbursement Agreement, Wastewater System Conveyance and Reimbursement Agreement, any other Reimbursement Agreement or obligations of the Town to reimburse any fee or costs to Developer in accordance with this Agreement.

  • MAXXON agrees to use its good faith diligent efforts to commercialize the ▇▇▇▇ Syringe after Completion of Development of the ▇▇▇▇ Syringe.

  • If Buyer disputes Seller’s reasonable, good faith belief as to whether such Michigan Wind Project has achieved Completion of Development and Commencement of Construction, Buyer shall notify Seller in writing of such dispute within twenty (20) days after Buyer’s receipt of such notice from Seller.

  • In the event of any delay in achievement of Completion of Development of the Project in terms of this Agreement within the timelines specified in Clause 6.1 above, the Parties shall discuss and may mutually agree on the further grace period that may be granted to the Developer to achieve Completion of Development and deliver the First Party Share to the First Party, in terms of this Agreement.

  • Completion of Development – date: ………………………………………………………………… Example Education (primary) X £ Y £ Z £ X+Y £ Herts County Council Payment of S106 contributions can be16 made by BACS, CHAPS or cheque.

  • Once a particular Michigan Wind Project has achieved Completion of Development and Commencement of Construction, Buyer shall promptly deliver written notice thereof to Seller.

  • Provided, however, nothing in this Lease shall be construed to prohibit any individual member of Tenant from making transfers or gifts of non- managing interests in Tenant to his or her spouse, lineal descendants, and principals and/or employees of Tenant or its Affiliates provided that ▇▇▇ ▇▇▇▇▇▇ and ▇▇▇ ▇▇▇▇▇▇ (“Key Principals”) retain control of and a material interest in Tenant until Completion of Development (as defined below).


More Definitions of Completion of Development

Completion of Development means, with respect to the Initial Facilities (i) the completion of all Development Work, (ii) the receipt of the COL and all other Permits and Approvals necessary for the construction and operation of the Project, (iii) the completion of definitive forms of the principal Construction Agreements for the Initial Facilities, (iv) the completion of the definitive Budget and Plan of Finance for the Cost of Acquisition and Construction of the Initial Facilities, and (v) a determination by the Project Management Committee that the Project is feasible and that the construction of the Initial Facilities should proceed, all as more fully described in Section 505.
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Completion of Development. Council Monitoring Fee"
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Completion of Development means first filing for pre-IDE, 510 (K) or other equivalent regulatory step with the FDA or other regulatory authority). 50,000 Euros
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Related to Completion of Development

  • Commencement of Development means the date on which any material operation (as defined in Section 56(4) of the Act) forming part of the Development begins to be carried out other than (for the purposes of this Deed and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations, investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying of services, erection of any temporary means of enclosure, the temporary display of site notices or advertisements and “Commence Development” shall be construed accordingly.

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Substantial development means any development of which the total cost or fair market value exceeds two thousand five hundred dollars, or any development which materially interferes with the normal public use of the water or shorelines of the state; except that the following shall not be considered substantial developments for the purpose of this chapter:

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

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.