EDPL definition
Examples of EDPL in a sentence
To calculate the three-year period for acquisition of property pursuant to the EDPL, the date of Commission approval of the EM&CP covering the affected parcel shall be regarded as the date on which this Article VII proceeding was completed.
The board of directors of EDPL shall comprise three (3) directors or such other number as the shareholders may mutually agree, of which V2YPL shall have the right to appoint two (2) directors and GGPL shall have the right to appoint one (1) director.
The subscription of shares in the EDPL by V2YPL will be funded by the Group’s internal resources and the joint venture is not expected to have any material impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company and the Group for the current financial year ending 31 December 2024.
Shouguang Leyi shall, as and when the need arises, recommend to EDPL and/or EDPL’s clients the equipment to be leased and/or purchased in connection with the Project and to consult with EDPL and/or EDPL’s clients as to the lease and/or purchase of such equipment.
Preconditions to closing of title for the City Properties and any Private Properties acquired by the City under the EDPL shall include, among other potential contingencies: (i) execution of LADA, (ii) Forest City obtaining all applicable City Approvals, and (iii) delivery to the City of the Completion Guaranty.
Notwithstanding the foregoing or anything in this Agreement to the contrary: (i) as a condition precedent to the City Entities taking any property under the EDPL, the Company shall provide to the condemning City Entity funds to the City Entity in an amount equal to the amount of the estimated Acquisition Costs to be incurred under the EDPL as determined from time to time by the City Entity.
The costs of the auditors in making such determination shall be borne by EDPL.
The Purchase Price for Private Properties acquired by the City shall be equal to the aggregate of any acquisition and relocation costs incurred by the City for the acquisition of said Private Properties, and the relocation of any displacees, including, but not limited to, any settlement or determinations of compensation awarded prior to or subsequent to the closing with Forest City pursuant to the EDPL (“Private Acquisition and Relocation Costs”).
In addition to the Services, EDPL and/or EDPL’s clients may, from time to time and at its discretion and without invalidating this Agreement, request Shouguang Leyi to perform certain additional services, including but not limited to the sale of the industrial and commercial equipment required for the Project (“Additional Services”).
The EDPL sets forth a staged process for addressing the various issues that arise during a condemnation-each stage being the subject of its own section (article) of the EDPL.