Speculative Development definition

Speculative Development means any improvement to the existing condition of the land after the cut-off date that is intended to merit or enhance compensation to a person who is otherwise not entitled to that compensation.

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Speculative Development means any development which is not identified

Speculative Development means any development which is not identified in the project proformas in Schedule 1 or approved in the Annual Performance Plan “Start Date” means the date on which any works under the Scheme have commenced by the carrying out of a material operation on the Site as defined in Section 56(4) of the Town & Country Planning ▇▇▇ ▇▇▇▇

Examples of Speculative Development in a sentence

• Once a particular development is leased at or above such level, such development shall cease to be a Speculative Development.

• The Manager shall be paid a development fee ("Development Fee") equal to 3% of all development costs (including, without limitation, hard and soft costs) incurred by the Company in the development of a Build-to-Suit, Value-Added or Speculative Development Project.

• No Development Fee shall be paid on the cost of acquiring the land on which such Build-to-Suit, Value-Added or Speculative Development Project is to be constructed.

• Land shall be reclassified as a Speculative Development Project upon commencement of construction; or, Land shall be reclassified as a Build-to-Suit Development Project upon the occurrence of each of the following: (i) the Project is at least 75% pre-leased with a weighted average lease term of at least five years, and (ii) commencement of construction.

• Once a particular development is leased at or above such level, such development shall cease to be a Speculative Development, and shall be an Income Producing Property.

• For avoidance of doubt, once a project developed pursuant to §8.9(b)(vii) - (x) is no longer a Speculative Development, the basket available under such applicable subsection shall be available again for Speculative Development.

More Definitions of Speculative Development

Speculative Development means the development by Borrower or any Consolidated Entity of improvements to Land where Borrower or such Consolidated Entity commences construction of such improvements, or enters into any Contractual Obligation to construct or finance such improvements, prior to leasing 70% or more of the space within such improvements to Persons (who are not Affiliates of Borrower) who are unconditionally committed to occupy such improvements and commence paying rent upon the completion of such improvements.

Speculative Development means the development by Borrower or any Consolidated Entity of improvements to Land where Borrower or such Consolidated Entity commences construction of such improvements, or enters into any Contractual Obligation to construct or finance such improvements, prior to leasing 70% or more of the space within such improvements to Persons (who are not Affiliates of Borrower or Excel Legacy Corporation) who are unconditionally committed to occupy such improvements and commence paying rent upon the completion of such improvements.