Preliminary Tract Development definition

Preliminary Tract Development in this Agreement means that after acquisition of the right to the use of tracts of land, ETG and/or its Subsidiaries shall carry out, as planned in zoning and ETG’s Master Investment Plan, comprehensive development and construction on the Land, including relocation of the local residents, leveling the ground and constructing such public works as water supply and drainage systems, power and heat supply systems, roads and communications networks, and communications facilities, so that conditions shall be created for the land to be used for commercial or other construction purposes.
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Examples of Preliminary Tract Development in a sentence

  • After Preliminary Tract Development, ETG shall be entitled to develop tourism, trade and real-estate projects by itself and in strict conformance with those section(s) of the Master Investment Plan which have been specifically approved by the Governor, including but not limited to:.

  • After acquisition of the right to use of the Land, and upon approval by the Governor of ETG’s Master Development Plan, ETG undertakes and shall be entitled to carry on Preliminary Tract Development in accordance with zoning and ETG’s Master Investment Plan.

  • ETG will undertake Preliminary Tract Development on such tract land thereafter, after which ETG is entitled to further development and to sublease land to Other Project Participants.

Related to Preliminary Tract Development

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;