DEVELOPMENT IN PROGRESS definition

DEVELOPMENT IN PROGRESS means a Property that will or is intended to ----------------------- be income producing upon completion and that is being improved with a building which is under construction.
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DEVELOPMENT IN PROGRESS means the aggregate, good faith estimated budgeted cost of construction (including land acquisition costs) for Properties on which construction has begun but has not yet been completed. Such Property shall be reclassified from Development in Progress upon the earlier of (1) achieving executed leases in place for 85% of such Property or (2) completion of construction, as represented by the issuance of a final certificate of occupancy, or its equivalent.
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Related to DEVELOPMENT IN PROGRESS

  • Work in Progress means a Deliverable that has been partially prepared, but has not been presented to the State for Approval.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Commercialization or “Commercialize” means any and all activities undertaken at any time for a particular Licensed Product and that relate to the manufacturing, marketing, promoting, distributing, importing or exporting for sale, offering for sale, and selling of the Licensed Product, and interacting with Regulatory Authorities regarding the foregoing.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Development means the division of a parcel of land into two or more parcels, the construction, reconstruction, conversion, structural alteration, relocation or enlarge- enlargement of any building or structure, any mining excavation or landfill, and any use or change in the use of any building or other structure, or land or extension of use of land, for which permission is required under the Municipal Land Use Law, N.J.S.A. 40:55D-1 et seq.