Development Investment definition

Development Investment has the meaning specified in clause (a) of the definition of “Specified Investments.”

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Development Investment means the amount as stated in Clause 7 of this Agreement (subject to Provisos 7.1(a) and (b)) to be paid or incurred by the Lessee in the development of the whole of the IR2 in:

Development Investment means (a) a loan by Company or a Subsidiary of Company to a Developer, the proceeds of which are to be used to finance a Development Project of such Developer, (b) a cash contribution by Company or a Subsidiary of Company to the capital of a Developer, the proceeds of which are to be used to finance a Development Project of such Developer, or (c) a contribution by Company or a Subsidiary of Company to the capital of a Developer of an interest of Company or such Subsidiary in a Development Site. The amount of any Development Investment shall be the amount of cash loaned or contributed to a Developer for the purpose specified above or the fair market value of the interest of a Development Site contributed to the capital of a Developer, which fair market value shall be determined, without regard to the proposed investment, at the time of such contribution in good faith by resolution of the Board of Directors of Company, in each case minus the amount of cash received by Company or any of its Subsidiaries in repayment of such Development Investment.

Examples of Development Investment in a sentence

For purposes of calculating the fee payable to the Sub-Adviser, "average daily net assets" will exclude those corporate notes issued by MMA Community Development Investment, Inc.
This Agreement shall become effective as of the Effective Date and, unless earlier terminated pursuant to the other provisions of this Section 10, shall continue in full force and effect in perpetuity, even though the payment obligation under Section 4.1.1 ends once the Development Investment has been repaid and the obligations to pay a share of Net Profits in Section 4.1.2 ends on a country-by-country basis as the Payment Term expires in each country.
During the Payment Term but after Licensee’s payments of Net Profit have equaled the Development Investment, Licensee shall pay Licensor [ * ] of the Net Profit earned in such time period.
The remaining one-half of the unassigned portion of a member’s annual APDA allocation will be transferred to the Development Investment Grant (DIG).
On 19 June 2014, the Company and Development Investment Company (each as a Limited Partner) and Sichuan Zhongxin (as the General Partner) entered into the Partnership Agreement in relation to the establishment of Chengyu Development Partnership.

More Definitions of Development Investment

Development Investment means (a) a loan by Company or a Subsidiary of Company to a Developer, the proceeds of which are to be used to finance a Development Project of such Developer, (b) a cash contribution by Company or a Subsidiary of Company to the capital of a Developer, the proceeds of which are to be used to finance a Development Project of such Developer, or (c) a contribution by Company or a Subsidiary of Company to the capital of a Developer of an interest of Company or such Subsidiary in a Development Site, but in any event excluding any California Development Investments. The amount of any Development Investment shall be the amount of cash so loaned or contributed or the fair market value of the interest of a Development Site so contributed, which fair market value shall be determined, without regard to the proposed investment, at the time of such contribution in good faith by resolution of the Board of Directors of Company, in each case minus the amount of cash received by Company or any of its Subsidiaries in repayment of such Development Investment.

Development Investment means the amount as stated in Clause 7 of this Agreement to be paid or incurred by the Lessee in the development of the whole of the IR (if the IR is developed in a single-phase) or in the development of the First Phase of the IR in:

Development Investment means (a) a loan by the Borrower or a Subsidiary of the Borrower to a Developer, the proceeds of which are to be used to finance a Development Project of such Developer, (b) a cash contribution by the Borrower or a Subsidiary of the Borrower to the capital of a Developer, the proceeds of which are to be used to finance a Development Project of such Developer, or (c) a contribution by the Borrower or a Subsidiary of the Borrower to the capital of a Developer of an interest of the Borrower or such Subsidiary in a Development Site. The amount of any Development Investment shall be the amount of cash loaned or contributed to a Developer for the purpose specified above or the fair market value of the interest of a Development Site contributed to the capital of a Developer, which fair market value shall be determined, without regard to the proposed investment, at the time of such contribution in good faith by the Borrower in each case minus the amount of cash received by the Borrower or any of its Subsidiaries in repayment of or in return of capital in such Development Investment.

Development Investment shall have the meaning set forth in Section 8.5(2).

Development Investment means an Investment which, as of the expected Acquisition Date: (A) is located in one of the Primary Markets; and (B) has one or more of the following characteristics: (I) unimproved land with the intent of constructing necessary horizontal and vertical improvements in accordance with market specific institutional-quality, Class-A specifications; or (II) is to be acquired from a developer upon completion.

Development Investment means Investment expenditure relating to the construction of new assets, but not including Current Investment.

Development Investment is defined in the definition of “Specified Investments” contained herein.