Relevant Phase definition
Relevant Phase or “Phase” means a phase, element or component of the Resort separately identified in the Design and Construction Programme;
Relevant Phase means:
Relevant Phase means a phase of the Development to be agreed and defined by the Company and the Council pursuant to clause 4.8.7;
Examples of Relevant Phase in a sentence
Prior to the commencement of construction of the relevant Phase of the Improvements, Tenant shall supply Landlord with cash in an amount (the “Over-Allowance Amount”) equal to the difference between the amount of the Final Costs of the Relevant Phase and the applicable amount of the Improvement Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the commencement of construction of the of the Relevant Phase Improvements).
Any failure to exercise such right in respect of a Relevant Phase shall not prevent LLA from exercising it in relation to any other Phase.
More Definitions of Relevant Phase
Relevant Phase means the Phase that is the subject of a Phase Drawdown