Examples of Predevelopment Period in a sentence
The length of time taken to build new plants is illustrated in the diagram below:Table 11: Lead times for new build (number of years) Predevelopment Period (Years)Construction Period (Years)CCGTSource: Parsons Brinckerhoff67 5.
During the Predevelopment Period, the Owner hereby grants the Developer and its Predevelopment Service Firms (as well as their employees, subcontractors and agents) easements pursuant to which the Developer and its Predevelopment Service Firms, under the direction of the Developer, shall have the non-exclusive right of vehicular and pedestrian ingress and egress over the roads and walkways leading to and from the Premises.
Adoption of such MIMP and the EIMP shall occur contemporaneously with or reasonably following the certification a final EIR pursuant to Section 4.3, but in all events during the Predevelopment Period.
Tenant’s payment of Predevelopment Period Base Rent shall be based on the estimate of Eligible Predevelopment Costs set forth on such Support Agreement.
If the Predevelopment Milestones are achieved or satisfied during the Predevelopment Period and the Initial Term commences, promptly thereafter the Parties shall execute a written memorandum confirming the date that the Initial Term commences and the date of the last day of the Initial Term.
As soon as reasonably feasible during the calendar quarter immediately following each payment of Predevelopment Period Base Rent by Tenant, Tenant shall deliver to Landlord invoices and other reasonably satisfactory evidence of the amount of Eligible Predevelopment Costs actually incurred during the prior calendar year (or applicable portion of the last calendar year of the Predevelopment Period), and the provisions of Section 7.9 shall apply.
The Parties shall equitably adjust or prorate the payment schedule of Base Rent such that Base Rent (except Predevelopment Period Base Rent) is payable together with respect to each Parcel and/or each Phase on the first day of a calendar quarter.
The foregoing notwithstanding, a milestone specified on Exhibit F shall not be considered a Predevelopment Milestone if, on or prior to the Predevelopment Period Expiration Date, Landlord voluntarily waives in writing, with the written consent of Tenant, the requirement that Tenant achieve or satisfy such milestone as a condition precedent to the commencement of the Initial Term hereunder.
The foregoing notwithstanding, for purposes of this Section 5.1, none of the dates set forth in Section 4.1(b) for achievement of satisfaction of the specific milestones described therein, nor the Predevelopment Period Expiration Date, shall be postponed or extended by any Delay.
Prior to expiration of the Predevelopment Period, Tenant shall obtain the approval of Landlord to the constituent members of Tenant, which approval shall not be unreasonably withheld, delayed or conditioned; provided, however, that Tenant shall not be required, prior to expiration of the Predevelopment Period or any other time during the Term, to obtain the approval of Landlord to the constituent members of Tenant which are Preapproved Members.