Redevelopment Agreements definition
Examples of Redevelopment Agreements in a sentence
None of the Real Estate Collateral is subject to any restriction, including, without limitation, the Redevelopment Agreements, zoning restrictions or recorded restrictions, that would materially reduce the value of such Real Estate Collateral or materially impair or restrict the use of all of the Real Estate Collateral as a commercial or industrial site.
Each Loan Party has fully complied with all of its obligations under the Redevelopment Agreements and no Loan Party has any further obligations under the Redevelopment Agreements.
To the extent possible, J&K and EDG will attempt to include in Private Redevelopment Agreements provisions allocating a portion of the Annual Administrative Fees, Annual Costs, and other fees to those Private Developments on a pro-rata basis determined by the increment generated by those Developments which have Redevelopment Agreements.
J&K will provide legal services required in the preparation of new Redevelopment Agreements and other legal documents and legal opinions.
Seller shall deliver the Real Property at Closing, free and clear of any and all rights of third parties to occupy or use the Real Property other than Purchaser and/or affiliates of Purchaser identified in the Redevelopment Agreements, easements that are referenced in the Redevelopment Agreement or other written agreement between the parties.
Except as disclosed in a written disclosure from Seller to Buyer given on or before date hereof, to Seller’s Knowledge, there are no uncured defaults by Seller under the terms and provisions of any of the Service Contracts, the Redevelopment Agreements, the Personal Property Leases or the ▇▇▇▇▇▇▇’▇ ▇▇▇.
Promptly following the Closing Date, the Seller and the Principal Stockholders shall use their best efforts to obtain the approval of the Village of South Holland and any other appropriate governmental authorities for the transfer to the Buyer of all rights and benefits of the Seller under those certain South Holland Tax Increment Financing Redevelopment Agreements dated December 20, 1993 and September 16, 1996 between the Village of South Holland and the Seller.
Such stabilization will be a requirement of River Park in the future Amended and Restated Redevelopment Plan and Redevelopment Agreement(s) and must be completed prior to issuance of a building permit, except that Phase I of the Project may proceed prior to the stabilization of the Oak Ridge Embankment and the acquisition of Block 4301, Lot 6 from the County of ▇▇▇▇▇▇.
Except for the City’s obligation to negotiate exclusively and in good faith with Conditional Redeveloper, as well as Conditional Redeveloper’s obligation to negotiate in good faith and to be responsible for all Interim Costs, this MOU does not constitute a binding commitment between the Parties hereto, as the Parties’ respective rights and obligations remain to be fully defined in their Redevelopment Agreement(s).
Except for the Township’s obligation to negotiate exclusively and in good faith with Conditional Redeveloper, as well as Conditional Redeveloper’s obligation to negotiate in good faith, this MOU does not constitute a binding commitment between the Parties hereto, as the Parties’ respective rights and obligations remain to be fully defined in their Redevelopment Agreement(s).