Development Bond definition

Development Bond means the development bond to be provided by the Developer to DCC prior to commencement of the Development, in the form of the bond annexed hereto at Appendix 724PROVIDED HOWEVER THAT the Developer shall furnish to DCC on or about (but before and not after) the date hereof a letter of undertaking from a Surety Company in the form attached in Appendix 8;
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Development Bond means the amount specified in Item 3 which is provided to secure the Proponent’s obligations in respect of carrying out the Development;
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Examples of Development Bond in a sentence

  • Industrial Development Bond Loan in the amount of $6,800,000 as evidenced by (i) Loan Agreement dated December 1, 1986 between the City of Twinsburg, Ohio (“Ohio”) and United Stationers Supply Co.; (ii) Indenture of Trust dated December 1, 1986 between Ohio and Bank of New York (as successor in interest) (as supplemented); and (iii) Guaranty Agreement dated December 1, 1986 between United Stationers Supply Co. and Bank of New York (as successor in interest) (Twinsburg, Ohio).

  • The Borrower shall also file a copy of the above-described notice with the Community Development Bond Program Manager of the Department of Conservation and Development of the Governmental Lender.

  • The term “available System cash balances” shall mean the funds in the following California Water Resources Development Bond Fund accounts: System Revenue Account (to the extent the funds in the System Revenue Account are not projected to be needed for payment of ▇▇▇▇▇-▇▇▇▇▇▇ General Obligation Bond debt service for the next two years), GOA, SRA and SSA (to the extent the funds in the SSA are not projected to be needed for non-chargeable expenditures for the next two years).

  • Notwithstanding other provisions found in this Article 3, the City and the Owners agree that when Security is provided by way of a Development Bond, the City may agree, through consultation with the surety provider to alternative remedies for breaches of this Agreement.

  • The amount of the Bid and Development Bond is set out in Annexure VI.

  • The Private Party shall maintain a valid Bid and Development Bond (in accordance with the provisions hereof) in respect of the 12 (twelve) months’ period after the Signature Date.

  • If to the Governmental Lender or the Administrator: County of Contra Costa Department of Conservation and Development ▇▇ ▇▇▇▇ ▇▇▇▇ Martinez, California 94553 Attention: Community Development Bond Program Manager If to the Borrower: Riviera Family Apartments, L.P., c/o Resources for Community Development ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: Executive Director with a copy to: Gubb & ▇▇▇▇▇▇▇ LLP ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇ ▇▇▇▇▇▇▇, Esq.

  • The Development Bond shall be maintained until the Effective Date and be issued in an amount which would be equal to 3% of the Capital Cost i.e. TZS [insert amount ].

  • The County: County of Contra Costa Department of Conservation and Development ▇▇ ▇▇▇▇ ▇▇▇▇ Martinez, California 94553 Attention: Community Development Bond Program Manager The Trustee: Wilmington Trust, National Association ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Attention: Corporate Trust Service The Borrower: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Associates c/o The Pacific Companies ▇▇▇ ▇.

  • TO THE WATER SUPPLY CONTRACT BETWEEN THE STATE OF CALIFORNIA DEPARTMENT This amendment is made this day of , 2003, pursuant to the provisions of the California Water Resources Development Bond Act, the Central Valley Project Act, and other applicable laws of the State of California, between the State of California, acting by and through its Department of Water Resources, hereinafter referred to as the “State”, and , hereinafter referred to as the “District” [or “Agency”].

Related to Development Bond

  • Development Project means a project for the development of land within a

  • Development Phase means the period before a vehicle type is type approved.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Development Authority means the New Jersey Schools

  • Development Consent means the consent granted to the Development Application for the Development and includes all modifications made under section 4.55 of the Act.