Development Venture definition

Development Venture means a limited liability company which is the parent entity of a Borrower Group formed by a Developer and of which such Developer and the Company are the sole members.
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Examples of Development Venture in a sentence

  • This certificate is being delivered by AL US Development Venture, LLC (the “Borrower”), pursuant to Section 6.01(d) of the Loan Agreement dated as of June 14, 2007 (the “Agreement”), by and among the Borrower, HSH Nordbank AG, acting through its New York Branch, as Lender, sole Arranger, and Administrative Agent (the “Administrative Agent”).

  • Upon termination of a Party pursuant to this Section 9.3, that Party's participation in the Joint Research and Development Venture shall cease subject to Section 9.6 below and the Joint Research and Development Venture shall continue with the remaining Parties.

  • VTA and the City shall share in the costs of said extension by dividing the extension, solely for funding purposes, into two segments referred to herein as the Western Segment and the Eastern Segment, as described in further detail in Section 7.C. and Exhibit C Only the Western Segment of the Milpitas Boulevard Extension shall be considered a Project component eligible for FTA funding.

  • The physical area for construction and related activities of an Assigned Project.

  • Development Venture, LLC Gentlemen: Reference is hereby made to the Amended and Restated Limited Liability Company Agreement of AL U.

  • Development Venture, LLC, dated as of ____________, 2002, (the "Operating Agreement").

  • The term "ALUS" shall mean AL U.S. Development Venture, LLC, a Delaware limited liability company, which is the sole member of AL U.S. Pool One, LLC, a Delaware limited liability company ("AL Pool") which is the Sole Member of AL California GP, LLC, the general partner of the Owner.

  • In connection with each Approved Loan, the Company or one of its Subsidiaries and the Developer or one of its Affiliates shall enter into a Development Venture LLC Agreement for the Development Venture related to such Approved Loan, and in connection therewith the Company shall receive a profits interest in such Development Venture as described therein.

  • All initially capitalized terms used and not otherwise defined herein shall have the meanings given to such terms in the AL U.S. Development Venture Agreement.

  • As soon as practicable following the ------------------------- effective date of this Agreement, but in no event later than ninety [90] days following such date, the Project Manager (as defined below) shall prepare a Notice of Joint Research and Development Venture, which all Participants shall sign, and which the Project Manager shall file on behalf of the Participants in accordance with the provisions of the National Cooperative Research and Production Act.

Related to Development Venture

  • Venture means any group of two or more persons associated in fact, whether or not a legal entity.

  • 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.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • spatial development framework means the Mhlontlo Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Joint Venture (JV) means an association with or without a legal personality distinct from that of its members, of more than one Consultant where one member has the authority to conduct all business for and on behalf of any and all the members of the JV, and where the members of the JV are jointly and severally liable to the Procuring Entity for the performance of the Contract.