Permitted Developments definition

Permitted Developments means the Proposed Developments if and to the extent that the Agent has provided its prior written consent to such Proposed Developments in accordance with Clause 24.5(a) (Development).
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Permitted Developments shall have the same meaning as set forth in the Bank Boston Credit Agreement.
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Examples of Permitted Developments in a sentence

  • Permitted Developments with respect to which, at the date of determination, at least sixty percent (60%) of the net leasable area of the buildings to be constructed pursuant thereto are subject to executed Leases having an average term of not less than four (4) years and which obligate the tenants named therein to accept occupancy and commence paying rent promptly upon the issuance of a certificate of occupancy with respect thereto.

  • Permitted Developments which are not Permitted Build-To-Suit Developments.

  • Each Letter of Credit shall be denominated in dollars and shall be a either a direct pay IRB Letter of Credit, a direct pay letter of credit supporting bond related Indebtedness similar to the IRB Letters of Credit or a standby letter of credit issued to support the obligations of Borrower in connection with Permitted Developments.

  • Subject to the provisions of Section 2.5 hereof, the proceeds of the Loans shall be used by the Borrower for Permitted Acquisitions and Permitted Developments, for refinancing other Indebtedness, and for working capital and other purposes consistent with the covenants contained herein.

  • Your use of the SDKs and APIs is subject to the terms of the agreement between You and Oracle, and that order, solely for You to create Permitted Developments for use with the Oracle TOA Cloud Services.

  • The definitions of Permitted Developments and Permitted Transactions both limit the ability to develop real estate to third parties, such as Joint Ventures, and do not explicitly extend to members of the Group that are not Obligors.

  • Subject to the provisions of Section 2.2 hereof, the proceeds of the Loans shall be used by the Borrower for Permitted Acquisitions and Permitted Developments, for refinancing other Indebtedness and for working capital and other purposes consistent with the covenants contained herein.

  • Your use of the SDKs and APIs is subject to the terms of the Agreement and that order, solely for You to create Permitted Developments for use with the Oracle TOA Cloud Services.

  • Subject to the provisions of (S)2.5 hereof, the proceeds of the Loans shall be used by the Borrower for Permitted Acquisitions and Permitted Developments, for refinancing other Indebtedness, and for working capital and other purposes consistent with the covenants contained herein.

  • Permitted Developments with respect to which, prior to the start of construction, at least sixty percent (60%) of the gross leasable area of the buildings to be constructed pursuant thereto are subject to executed Leases having an average term of not less than four (4) years and which obligate the tenants named therein to accept occupancy and commence paying rent promptly upon the issuance of a certificate of occupancy with respect thereto.