Development Business Plan definition

Development Business Plan means an overall business plan for Company operations during the Development Stage as the same may be amended from time to time and Approved in accordance with this Agreement. The Development Business Plan shall, at a minimum, cover the following topics:
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Development Business Plan shall have the meaning given such term in Section 2.3B hereof.
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Development Business Plan means an overall business plan for Company operations during the Development Stage as the same may be amended from time to time and Approved in accordance with this Agreement. The Development Business Plan shall, at a minimum, cover the following topics: (1) A budget by month for the current year and a projected budget by quarter for the next two (2) years, and then annually thereafter for the life of the Master Project (the “Development Budget”); (2) A proforma cash flow analysis by month for the current year and a projected proforma cash flow analysis by quarter for the next two (2) years, and then annually thereafter for the life of the Master Project; (3) A development schedule (the “Development Schedule”); (4) Specific procedures for constructing Regional Improvements, advancing the cost thereof and the calculation and sharing of any reimbursable costs relating thereto. In connection therewith, the Company shall seek reimbursement rights for Regional Improvements to the extent the same benefits property other than the Incorporated Land (i.e. property owned by Tejon or other parties) and would not otherwise be required. (5) A finance plan (the “Development Finance Plan”) setting forth the projected financing required to fund the costs of development set forth in the Development Budget; (6) A narrative business plan stating the general goals and objectives for the development of the Master Project in accordance with the Entitlements; (7) A sales and marketing plan for the sale, lease, development and/or joint venture of the various products and parcels to end users, operators and other developers, as applicable, including, without limitation, projected takedown schedules and pricing schedules, a summary of other material terms and conditions for such sales and form purchase and sale documents; and (8) Any other components provided for herein which shall be applicable and pertaining to the Development Business Plan as the same may be amended from time to time in accordance with this Agreement. The initial Development Business Plan shall be developed, agreed upon and initialed by the Members in accordance with this Agreement prior to the date upon which the permitted business of the Company is expanded to include the Development Stage Business and shall replace the Entitlement Business Plan.
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Examples of Development Business Plan in a sentence

  • Such sales packages and solicitations shall be prepared in accordance with the Development Business Plan or as otherwise Approved by the Executive Committee.

  • The Development Stage Business shall be conducted in accordance with the Development Business Plan.

  • The Members shall use their diligent and good faith efforts to agree upon cost sharing arrangements involving the Company and the Balance of the Ranch for the construction of the Improvements as shall be more fully set forth in the Entitlement Business Plan and the Development Business Plan.

  • The sales package shall include a sales price (“Offer Price”) for each group of Private Sale Lots to be offered for sale to the Developers or their Affiliates (the “Offered Lot Group”) in accordance with the Development Business Plan or as otherwise Approved by the Executive Committee, a response deadline determined by the Executive Committee, and such other terms and conditions as are determined by the Executive Committee (the “Company Offer”).

  • Following the Approval of the initial Development Business Plan, one (1) or more additional Project Employees shall be appointed by the Executive Committee to coordinate the sale of the Master Project to merchant builders and/or apartment or commercial developers as appropriate (the “Sales Employee”).

  • Any Third Party Financing must either conform to the Development Business Plan (or otherwise be approved by the Executive Committee following the commencement of the Development Stage).

  • Upon approval of the Development Business Plan, the Members anticipate that third party equity and/or debt financing (the “Third Party Financing”) will be necessary to pay the balance of the cost of development of the Master Project and the Improvements.

  • Further, during the Entitlement Stage, a Developer shall be deemed to have elected to withdraw as a member of the Company (a “Deemed Withdrawal”) if such Developer is the only Member that does not approve (or is deemed to have disapproved pursuant to Section 7.1B) the initial Development Business Plan pursuant to Section 2.3D(2).

  • Prior to the end of the Entitlement Stage, each of Tejon and the Developers shall use its diligent and good faith efforts to prepare and agree upon the initial Development Business Plan.

  • The sales package shall include a sales price (“Commercial Parcel Offer Price”) for each of the Private Sale Commercial Parcels, in accordance with the Development Business Plan or as otherwise Approved by the Executive Committee, a response deadline determined by the Executive Committee, and such other terms and conditions as are determined by the Executive Committee (the “CP Company Offer”).


More Definitions of Development Business Plan

Development Business Plan means a Business Plan in relation to a Development as
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