Retail Improvements definition

Retail Improvements means the improvements integral to the construction, operation and utilization of the Retail Space.

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Retail Improvements mean all improvements constructed from time to time for the purposes of operating retail, restaurant, entertainment and hospitality uses from time to time in the Project Area. In addition, the Participant shall plan, hire, oversee, arrange, coordinate and supervise the acquisition, construction and/or installation of the infrastructure improvements set forth in Exhibit F, which have been determined by the Participant and the City to be necessary in connection with the development of the Project Area (the “Infrastructure Improvements,” and together with the Retail Improvements, the “Project”).

Retail Improvements is defined in paragraph C of the Recitals.

Examples of Retail Improvements in a sentence

• No portion of the City Loan may be used to pay construction costs directly attributable to the Retail Improvements.

• Following completion of all or a portion of the Infrastructure Improvements required to operate all or a portion of the Retail Improvements and upon payment by the Participant of invoices received for costs related to the Infrastructure Improvements, the Participant may submit such invoices to the Agency for reimbursement to the Participant.

• Except as specifically provided herein to the contrary, the Agency shall not be liable or responsible for providing, obtaining or guaranteeing any financing for the Project, the Infrastructure Improvements, the Retail Improvements, or any other matter addressed by this Agreement.

• Such capitalization rate shall be 9.00% for all Megaplex Movie Theatres and other Entertainment-Related Retail Improvements (including, without limitation, EPR Senior Property Loans secured by EPR Senior First Mortgages on Megaplex Movie Theatres or Entertainment-Related Retail Improvements), and 10% for assets that are not Megaplex Movie Theatres or other Entertainment-Related Retail Improvements.

• Upon the written request of the Participant, the Agency shall promptly furnish to the Participant a Certificate of Completion upon the completion of all construction and development of each building comprising the Retail Improvements, together with the Infrastructure Improvements related thereto.

• With respect to the Borrowing Base Properties, the aggregate amount of Underwriteable Cash Flow as of the end of the most recent quarter, with pro forma adjustments for any assets acquired or sold during the relevant period, annualized, and then capitalized at the rate of (i) 10% for any Megaplex Movie Theatres and other Entertainment-Related Retail Improvements, and (ii) 11% for all Borrowing Base Properties that are not Megaplex Movie Theatres or Entertainment-Related Retail Improvements.

• Further, Borrower agrees that no portion of the Agency Loan shall be used for the development of the Retail Improvements.

• Further, Borrower agrees that no portion of the City Loan shall be used for the development of the Retail Improvements.

• Such capitalization rate shall be 10.00% for all Megaplex Movie Theatres and other Entertainment-Related Retail Improvements (including, without limitation, EPR Senior Property Loans secured by EPR Senior First Mortgages on Megaplex Movie Theatres or Entertainment-Related Retail Improvements), and 11% for assets that are not Megaplex Movie Theatres or other Entertainment-Related Retail Improvements.

• If Participant elects to construct the Project, the Participant shall prepare and complete all plans for the acquisition and construction of the Retail Improvements and the Infrastructure Improvements, and such plans shall be in accordance with all federal, state and local laws and regulations.

More Definitions of Retail Improvements

Retail Improvements means the improvements integral to the construction, operation and utilization of the Retail Space. “Retail Space” refers to the approximately 12,945 square foot ground floor retail development to be located below the Affordable Family Housing Units, as set forth in the Scope of Development, and as legally described in Attachment 2A to this Agreement.

Retail Improvements means all buildings, facilities and site improvements necessary to the operation of the respective Retail Projects, including the relocation or improvement of any streets, alleys, easements or rights-of-way; and the construction or relocation of any utilities or drainage facilities.

Retail Improvements is defined in paragraph C of the Recitals. “Retail Unit” is defined in paragraph E of the Recitals.

Retail Improvements means approximately 70,694 NRSF of retail space, consisting of approximately 39,721 NRSF of ground floor retail included within the BHFS IV Collateral, approximately 11,097 NRSF of ground floor retail included within the BHFS II Collateral, approximately 14,716 NRSF of ground floor retail included within the BHFS III Collateral, and approximately 3,422 NRSF of ground floor retail space included within the BHFS IV Collateral.

Retail Improvements means all improvements located on the Retail Parcel, and specifically excluding the North Parcel Improvements.

Retail Improvements means the retail uses to be constructed on the Site in accordance with the Scope of Development.