Minimum Completed Building Area definition

Minimum Completed Building Area means the minimum area of the permanent Building(s) to be constructed on the Property which must be the greater of ten percent (10%) of the total area of the Property or the total area or the Building as approved by Corporate Real Estate in the Site Development Proposal, and which must be calculated in accordance with the Site Development and Building Standards.
View Source

Examples of Minimum Completed Building Area in a sentence

  • The Minimum Completed Building Area of the Building shall be calculated according to the provisions of the Park’s Site Development and Building Standards.

  • The Municipality shall, upon the request of the Purchaser, release the Buy-Back Agreement from the Purchaser’s title to the Property if the Purchaser has completed construction of the Building, having the Minimum Completed Building Area, to the roof-tight stage, in accordance with the approved, final Site Development Proposal and the Site Development and Building Standards within twelve (12) months of the Closing Date.

  • The Purchaser agrees to commence the Development on the Property by fully installing, at a minimum, the footings and foundation for the Building (“Commence”), having at least the Minimum Completed Building Area in accordance with the final approved Site Development Proposal and the Site Development and Building Standards, no later than eighteen (18) months (the “Commencement Date”) after the closing date of the Agreement of Purchase and Sale (the “Closing Date”).

  • The Purchaser agrees that at a minimum the footings and foundation for the Building having the Minimum Completed Building Area on the Property shall be completed not later than twelve (12) months after the Closing Date of the Agreement of Purchase and Sale (the “Closing Date”).

  • If the Minimum Completed Building Area, as provided for in Clause 2 of this Buy- Back Agreement, is at least twenty (20) percent of the area of the Property, as defined in the Agreement of Purchase and Sale, the Purchaser shall be entitled to request a release of the Buy-Back Agreement once the Purchaser has substantially commenced construction of the Development on the Property to the roof-tight construction stage as provided for in the Agreement of Purchase and Sale.

  • It is agreed by the Purchaser that construction of the Minimum Completed Building Area on the Property shall be commenced for the entire Development not later than twelve (12) months after the date of Closing and that construction of the entire Development, including landscaping, paving and curbing, and fencing as required, shall be completed not later than twenty-four (24) months from the date of Closing.

  • The Purchaser’s Development, including the construction of the Building meeting the Minimum Completed Building Area, together with the full development of the entire Property in accordance with the approved final Site Development Proposal and the Site Development and Building Standards shall be completed not later than twenty-four (24) months after the Closing Date.

  • The Purchaser agrees to fully complete the entire Development, including the construction of the Building which meets the Minimum Completed Building Area, together with the full development of the entire Property in accordance with the approved final Site Development Proposal and the Site Development and Building Standards (“Complete”) no later than thirty-six (36) months after the Closing Date (the “Completion Date”).

  • Any grievance involving discharge or suspension shall receive priority and shall commence at Step 2 of the grievance procedure within five (5) calendar days of the employee and the District Chair or Vice Chair being notified of the discharge or suspension.

  • The Municipality’s rights to repurchase the Property pursuant to this Buy-Back Agreement shall continue in force until the Purchaser has completed the construction of the Building having the Minimum Completed Building Area as set out in the approved final Site Development Proposal and in compliance with the Site Development and Building Standards to the roof-tight stage.

Related to Minimum Completed Building Area

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • Elevated Building means a non-basement building which has its lowest elevated floor raised above ground level by foundation walls, shear walls, posts, piers, pilings, or columns.

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • mixed-use building means a building or structure containing a residential and non- residential use other than a home occupation;

  • Premises Building Partial Damage means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is less than fifty percent (50%) of the then Replacement Cost of the building.