MPLD definition
Examples of MPLD in a sentence
On August 4, 2020, the City of Beaumont ("City") and Assignor entered into that certain Amended and Restated Development Agreement by and between City of Beaumont and MPLD II Inland Empire, LLC (the "Development Agreement") pursuant to which Assignor obtained agreements to develop certain property more particularly descried in the Development Agreement ("Overall Property"), subject to certain conditions and obligations set forth in the Development Agreement.
The City hereby acknowledges and agrees to maintain MPLD as its agent and representative for the satisfaction of the obligations set forth under Section 24 of the Release Agreement, and to reimburse MPLD for 24% of all cost incurred by MPLD under Section 24 of the Release Agreement, and to pay invoices to MPLD within 30 days of receipt.
City agrees that the 24% reimbursement amount is a reasonable portion of the amount incurred by MPLD under Section 24 related to the Property.
The City hereby assumes responsibility for the Property being one of the Retained Parcels as defined in the Partial Assumption and Release (the “Release Agreement”) between the Developer and MPLD II Inland Empire LLC (“MLPD”), a copy of which has been delivered to the City on or prior to the Execution Date.
City approved that certain DEVELOPMENT AGREEMENT BY AND BETWEEN CITY OF BEAUMONT AND MPLD II INLAND EMPIRE, LLC dated , 2019 which currently applies to the Property and City and developer desire to amend and restate the original Development Agreement as provided in this Agreement and supersede and replace the original Development Agreement.
Working with partner local authorities undertake a strategic review of Foundation Learning, Entry and Level 1 provision including SEND, MPLD and alternative education pathways.