Residential Project(s) definition
Examples of Residential Project(s) in a sentence
The Community Builder Units will be distributed throughout the Project Site on Lots that are identified and Approved by the Agency in the Major Phase Approval for each Major Phase which contains Residential Projects (each such Lot, a “Community Builder Lot”).
The Government of Punjab, Department of Housing & Urban Development has evolved a policy emerging the planned development of Low Density Eco-Friendly Residential Projects to encourage planned development.
Licensee shall comply with the Brand Standards in all matters with respect to the operation of the MVW ▇▇▇▇-▇▇▇▇▇▇▇ Business, including, without limitation, the following to the extent each relates to the MVW ▇▇▇▇-▇▇▇▇▇▇▇ Business: the use of the Licensed Marks; the provision of Member services; employee training; the development, construction, equipping, maintaining, and operating of all ▇▇▇▇-▇▇▇▇▇▇▇ Destination Club Projects and ▇▇▇▇-▇▇▇▇▇▇▇ Residential Projects; and all sales and marketing activities.
At least twenty five percent (25%) of the Residential Lots, excluding Agency Lots, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Lots and Community Builder Lots (each, an “Auction Lot”), in each Major Phase that contains Residential Projects shall be offered for sale by an auction or other competitive process Approved by Developer and the Agency as set forth in a Major Phase Approval or Sub-Phase Approval (the “Auction Methodology”).
MII acknowledges that MVWC and its Affiliates may acquire, lease or otherwise become involved in the management or operation of hotel, resort or other transient or extended stay lodging facilities for the purpose of converting such facilities to Destination Club Projects or Residential Projects (“Conversion Hotels”).
With respect to any new ▇▇▇▇-▇▇▇▇▇▇▇ Residential Projects, Licensor will agree not to develop, operate, or authorize a third-party to develop or operate a ▇▇▇▇-▇▇▇▇▇▇▇ Residential Project for a period of four (4) years from the commencement of residential sales, or the initial sale of all of the ▇▇▇▇-▇▇▇▇▇▇▇ Residential Units in such Project, whichever comes first, within a geographic area to be agreed to by the parties on a case-by-case basis based on market characteristics and other relevant factors.
Licensee shall comply with the Brand Standards in all matters with respect to the operation of the Licensed Business, including, without limitation, the following to the extent each relates to the Licensed Business: the use of the Licensed Marks; the provision of Member services; employee training; the development, construction, equipping, maintaining, and operating of all Licensed Destination Club Projects and Licensed Residential Projects; and all sales and marketing activities.
The Executive acknowledges that in light of his position, duties and responsibilities with the Company, the Executive will have access to and be familiar with the Company’s Confidential Information and trade secrets for all such Residential Projects, and that this two (2) year non-compete provision is narrowly tailored and reasonable to protect the Company’s Confidential Information and trade secrets.
Licensor will exclude Licensed Residential Projects from any territorial or other contractual restrictions in future residential license and development agreements relating to Residential Projects.
Vertical Developers are responsible for financing the development of the Inclusionary Units included within their Market Rate Residential Projects and may access financing sources such as Four Percent (4%) Low Income Housing Tax Credits, Tax Exempt Bond proceeds and other sources of below market rate housing financing, to the extent the Market Rate Residential Project qualifies for such financing and such financing is available.