Expansion definition
Examples of Expansion in a sentence
Without limiting the generality of the foregoing, the improvements and easements on the Company Real Property in connection with the Potential Expansion Plans may include those necessary to provide special dedicated access to the Company Real Property in favor of the County during storm conditions, including a new gate and entrance for County use, which Kingfish shall construct at its sole cost and expense.
Any provider of Internal Expansion Senior Debt (or a Senior Creditor Group Representative on its behalf) that is secured will accede as a Senior Creditor to the A&R CSAA and, if a Facility Lender, the A&R Intercreditor Agreement and A&R Common Terms Agreement, and will share pari passu in the Collateral.
Such rights shall include, without limitation, Tenant’s right to perform the Inspections (as such term is defined in the Option Amendment) on the Property, at Tenant’s sole cost and expense, subject to the notice, coordination, indemnity, restoration, and other obligations set forth therein, including, but not limited to, the rights and obligations of Mantatee County in connection with the Potential Expansion Plans (as such term is defined in the Option Amendment).
Kingfish shall also have the right, as may be reasonably necessary in connection with the Inspections or as required or contemplated by certain potential development plans of Manatee County (the “County”) to construct or install temporary or permanent improvements and to request or record easements relating to utilities and access, including, without limitation, driveways, fencing, gates, and utility connections (collectively, the “Potential Expansion Plans”).
In addition, for the avoidance of doubt, a Development Expenditure may also be made in connection with an Internal Expansion or as a result of permitted modifications of an engineering, procurement and construction contract.