Project Entitlements definition
Examples of Project Entitlements in a sentence
Lender may place on the Property reasonable signs standard to construction loan transactions stating that construction financing is being provided by Lender and any other lenders or participants in the Loan, subject to the requirements of the Project Entitlements and applicable law.
Borrower shall commence construction of any offsite improvements required by any governmental authority to be performed by Borrower under any Project Entitlements in connection with the construction of the Improvements without delay after recordation of the Deed of Trust and shall complete construction of any such offsite improvements on or before the date required under the applicable Project Entitlements.
This amount shall be proportionally increased if the Project Entitlements permit construction of more than 10,000 housing units within the Project as a whole.
The development process approved by this Agreement only applies to the legal description attached as COMPOSITE EXHIBIT 1 and, as will be more fully explained later in this Agreement, additional property to exercise the Project Entitlements cannot be added without going through the statutory process of amending this Agreement or, at the sole option of the Master Developer, entering into a separate development agreement for the additional land.
If requested by Developer in writing with at least five days’ notice, at least one Lead Organization shall send at least one representative knowledgeable about the Project to speak in support of the Project, with a message generally consistent with that contained in Attachment B, at hearings on Project Entitlements not set forth in Section 5.3, above.