Development Completion definition

Development Completion means the earlier of (a) twelve (12) months after substantial completion of all improvements (other than tenant improvements of unoccupied space) related to the development of such Property and (b) such time as Construction-in-Progress achieves an Occupancy Rate of at least eighty percent (80.0%).

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Development Completion means the moment the required building/ development permit conditions and requirements have been met for the purposes of the development permit application and/ or the final inspection reports have been received (as required for the project).

Development Completion means substantial completion of the Development, as evidenced by the issuance of a temporary or permanent certificate of occupancy.

Examples of Development Completion in a sentence

• Notwithstanding anything herein to the contrary, at any time after the Contract Date but prior to issuance of the Development Completion Notice, either Party may immediately terminate this Agreement upon Notice to the non-terminating Party.

• If Lessor elects to cure any Unforeseen Condition, Lessor shall cure the same within such period to be reasonably agreed upon in writing by Lessor and Lessee based on an independent third party contractor estimate of the time for such cure, and to the extent such cure results in an actual delay in the Development Completion Date, the Outside Development Completion Date shall be extended by such period.

• The parties understand and agree that the Development Completion Payments are made for partial reimbursement of costs expended by Palomar for its development of Palomar Technology prior to the Effective Date, as further described in Section 6.1(e)(i).

• In the event that ▇▇▇▇▇▇▇▇ fails to terminate this Agreement pursuant to Section 10.4(d) on or before Second Decision Point, ▇▇▇▇▇▇▇▇ shall be deemed to have elected to continue commercializing Female Product(s) (such election, the “Launch Decision”), and ▇▇▇▇▇▇▇▇ shall make the Second Development Completion Payment to Palomar in the amount set forth in Section 6.1(d)(i) on or before the Second Development Completion Payment Date.

• Where there is an adjustment to the Substantial Completion Date, the Long Stop Development Completion Date shall be equally adjusted on a day for day basis; provided, however, that Contractor shall use all commercially reasonable efforts to avoid the need for an adjustment to the Long Stop Development Completion Date by accelerating or resequencing the Work, the costs of which shall be dealt with in accordance with Section 5.4 below.

More Definitions of Development Completion

Development Completion means, with respect to a [***] completion of its obligations [***].

Development Completion means in respect of each individual Subsequent Lot, the registration of the title for that Subsequent Lot.

Development Completion means that all buildings and structures outlined in the development plan have been fully built in accordance with all applicable laws, codes, and regulations; the Development, including all constructions, buildings, infrastructure, and landscaping, has passed all necessary inspections carried out by relevant authorities or entities, affirming that all construction was done properly and safely; all required certifications or permits, such as a certificate of occupancy, have been issued; all utilities (water, electricity, gas, sewage, etc.) are fully operational; all final inspections have been completed and approved; the Development is fully furnished and equipped as per the development plan, and is ready for immediate occupancy; and all contracts related to the development and construction are finalized, concluded, and closed.

Development Completion means “Completion of Construction” as defined under the Senior Facilities Agreement;

Development Completion means, with regard to an Integrated Product, the date on which the Parties give their express prior written approval of a completed Integrated Product pursuant to the Acceptance Process described in Section 2.4.7.

Development Completion in relation to the Airport development programme means the completion of the development defined as completion of 300,000m2 of Net Lettable Area (as evidenced through Resource Consents) or otherwise by joint agreement.

Development Completion means that stage of the Project where all of the contracts necessary to ensure the construction, operation, funding and revenue generation of the Project have been executed and the Base Case Financial Model indicates that the Hurdle Rate will be satisfied.