Development Agreement definition
Examples of Development Agreement in a sentence
In the event that T▇▇▇▇▇ fails to comply with the terms of this Section 10.1, which failure results in an Event of Default, Landlord shall be entitled to exercise any and all rights available to it under the terms of this Lease as well as under the Development Agreement.
Following the Commencement Date, Tenant shall diligently pursue and complete the construction and development of, and open, the Chicago Project, in accordance with the terms and conditions of the Development Agreement.
If at any time Tenant becomes a “Restricted Subsidiary” under and as defined in the Effective Date Deutsche Credit Agreement and the Bally’s Indenture as in effect on the Effective Date, then Tenant shall (a) provide written notice thereof within five (5) Business Days following such occurrence and (b) cause Tenant’s Parent to execute and deliver a Guaranty of this Lease and the Development Agreement (the “Subsequent Guaranty”) in the form attached hereto as Exhibit D.
Landlord and T▇▇▇▇▇ acknowledge and agree that, subject to the Development Agreement, a portion of the Chicago Project may be funded in part by Tenant, in which event Landlord and Tenant shall reasonably agree as to which portion of the Chicago Project shall constitute “Tenant Capital Improvements” for purposes of this Lease.
Landlord and Tenant hereby acknowledge and agree that Section 2.9 of the Development Agreement requires Tenant to use commercially reasonable efforts to assign its interest as subtenant under the Medinah Temple Sublease to Landlord, and following such assignment, Landlord and Tenant shall enter into an amendment to this Lease pursuant to which the Premises (under and as defined in the Medinah Temple Sublease) shall become a part of the Leased Property hereunder.