Project Developer means any person who engages in the development of projects in the
New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.
Project Architect means the architect retained by Lessee to design and supervise construction of the Improvements.
Joint Development Agreement has the meaning provided in Section 5.3.
Project Management Consultant means --------------Not Applicable --------------