{"component": "definition", "props": {"groups": [{"size": 7, "snippet_links": [{"key": "real-estate", "type": "definition", "offset": [10, 21]}, {"key": "phase-of", "type": "clause", "offset": [25, 33]}, {"key": "certificates-of-occupancy", "type": "clause", "offset": [109, 134]}, {"key": "open-for-business", "type": "definition", "offset": [191, 208]}, {"key": "fifty-percent", "type": "definition", "offset": [244, 257]}, {"key": "gross-leasable-area", "type": "definition", "offset": [271, 290]}, {"key": "agreed-that", "type": "clause", "offset": [350, 361]}, {"key": "the-company-shall", "type": "clause", "offset": [362, 379]}, {"key": "a-credit", "type": "definition", "offset": [388, 396]}, {"key": "occupancy-requirement", "type": "clause", "offset": [410, 431]}, {"key": "gross-income", "type": "definition", "offset": [526, 538]}, {"key": "operation-of", "type": "definition", "offset": [548, 560]}, {"key": "accrual-basis", "type": "clause", "offset": [593, 606]}, {"key": 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"id": 3}, {"size": 2, "snippet_links": [{"key": "to-develop", "type": "definition", "offset": [70, 80]}, {"key": "a-facility", "type": "definition", "offset": [81, 91]}, {"key": "land-rights", "type": "definition", "offset": [113, 124]}, {"key": "construction-contracts", "type": "definition", "offset": [166, 188]}, {"key": "construction-work", "type": "definition", "offset": [242, 259]}, {"key": "development-projects", "type": "clause", "offset": [265, 285]}, {"key": "no-assurance", "type": "clause", "offset": [338, 350]}, {"key": "to-enter", "type": "definition", "offset": [433, 441]}, {"key": "land-use-approvals", "type": "clause", "offset": [509, 527]}, {"key": "favorable-terms", "type": "clause", "offset": [531, 546]}, {"key": "to-construct", "type": "clause", "offset": [567, 579]}, {"key": "construction-of-facilities", "type": "clause", "offset": [647, 673]}, {"key": "the-risks", "type": "clause", "offset": [699, 708]}, {"key": "cost-overruns", "type": "definition", "offset": 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Our development projects are in various phases of progress, and there can be no assurance that we will continue progress on each development as we expect. If we are unable to enter into favorable contracts or to obtain the necessary regulatory and land use approvals on favorable terms, we may not be able to construct and operate these assets as expected, or at all. 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For purposes of this Section 1.9, the term New Franchisee may include Newco or an affiliate of Newco. For the purposes of this Agreement, \"Commencement Date\" shall mean the earlier of: (i) the date on which Newco shall be able to offer franchises to prospective franchisees in all fifty (50) states within the United States of America, or (ii) ninety (90) days following Closing. Newco shall comply in all material respects with the Development Schedule.", "hash": "e27969ffd95b53dffc9776e2de11376f", "id": 5}, {"size": 1, "snippet_links": [], "samples": [{"hash": "1fetJ3GPwkE", "uri": "https://egusphere.copernicus.org/preprints/2023/egusphere-2023-2101/egusphere-2023-2101-AR2.pdf", "label": "egusphere.copernicus.org", "score": 17.4238510132, "published": false}], "snippet": "means that these models (and here especially the modules that incorporate dynamic vegetation to the models) are constantly extended and improved. We removed that word.", "hash": "aa7ec8925fd0aa9cd4dab7fb03d80b6f", "id": 6}, {"size": 1, "snippet_links": [{"key": "section-11-of-the-credit-agreement", "type": "clause", "offset": [13, 48]}, {"key": "in-lieu", "type": "definition", "offset": [64, 71]}], "samples": [{"hash": "bikjAv4kPi8", "uri": "/contracts/bikjAv4kPi8#under-development", "label": "Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)", "score": 18.0, "published": true}], "snippet": "appearing in Section 1.1 of the Credit Agreement, and inserting in lieu thereof the following:", "hash": "d12e84a610f318898c6d28ebaed4effd", "id": 7}, {"size": 1, "snippet_links": [{"key": "land-held-for-development", "type": "definition", "offset": [10, 35]}, {"key": "with-respect-to", "type": "clause", "offset": [36, 51]}, {"key": "the-borrower", "type": "definition", "offset": [58, 70]}, {"key": "subsidiary-guarantor", "type": "definition", "offset": [78, 98]}, {"key": "all-necessary-approvals", "type": "clause", "offset": [112, 135]}, {"key": "housing-units", "type": "definition", "offset": [172, 185]}, {"key": "condominium-units", "type": "definition", "offset": [197, 214]}, {"key": "actively-developing", "type": "definition", "offset": [271, 290]}, {"key": "finished-lots", "type": "definition", "offset": [296, 309]}, {"key": "the-term", "type": "definition", "offset": [335, 343]}, {"key": "lots-under-development", "type": "definition", "offset": [345, 367]}, {"key": "construction-of", "type": "clause", "offset": [411, 426]}, {"key": "residential-housing-unit", "type": "definition", "offset": [429, 453]}, {"key": "concentration-limit", "type": "clause", "offset": [476, 495]}, {"key": "at-any-time", "type": "clause", "offset": [496, 507]}, {"key": "in-relation-to", "type": "clause", "offset": [509, 523]}, {"key": "aggregate-outstanding-balance", "type": "definition", "offset": [528, 557]}, {"key": "single-obligor", "type": "definition", "offset": [585, 599]}, {"key": "the-applicable", "type": "clause", "offset": [629, 643]}, {"key": "short-term-unsecured-debt", "type": "definition", "offset": [686, 711]}, {"key": "long-term", "type": "clause", "offset": [809, 818]}, {"key": "senior-debt-ratings", "type": "definition", "offset": [829, 848]}, {"key": "according-to", "type": "definition", "offset": [871, 883]}], "samples": [{"hash": "aYCilIUOm7", "uri": "/contracts/aYCilIUOm7#under-development", "label": "Custody of Assets Agreement", "score": 24.7077350616, "published": true}], "snippet": "means all Land Held for Development with respect to which the Borrower or any Subsidiary Guarantor has obtained all necessary approvals for its subdivision for residential housing units (including condominium units), and which the Borrower or any Subsidiary Guarantor is actively developing into Finished Lots; provided, however, that the term \u201cLots Under Development\u201d shall not include any land upon which the construction of a residential housing unit has commenced.Obligor Concentration Limit At any time, in relation to the aggregate Outstanding Balance of Receivables owed by any single Obligor and its Affiliates (if any), the applicable concentration limit for Obligors who have short term unsecured debt ratings currently assigned to them by S&P and \u2587\u2587\u2587\u2587\u2587'\u2587 (or in the absence thereof, the equivalent long term unsecured senior debt ratings), shall be determined according to the following table:", "hash": "00a324d4ad38fd44d77d1a517b54fd29", "id": 8}, {"size": 1, "snippet_links": [{"key": "a-policy", "type": "clause", "offset": [11, 19]}], "samples": [{"hash": "fyseMgves4F", "uri": "https://www.michigan.gov/-/media/Project/Websites/mde/2014/06/26/1_Michigan_Final_CSP_Monitoring_Report_Approved.pdf?rev=811b7c232d7f413ca88ae26e62fdbfa4", "label": "www.michigan.gov", "score": 4.5906910896, "published": false}], "snippet": "means that a policy or process:", "hash": "e26ee9644baf5a13a06c92a0a9181b98", "id": 9}, {"size": 1, "snippet_links": [{"key": "cost-of", "type": "clause", "offset": [46, 53]}, {"key": "development-costs", "type": "definition", "offset": [108, 125]}, {"key": "the-company-shall", "type": "clause", "offset": [127, 144]}, {"key": "proportional-share", "type": "definition", "offset": [165, 183]}, {"key": "in-connection-with", "type": "clause", "offset": [249, 267]}, {"key": "services-to-the-company", "type": "clause", "offset": [285, 308]}, {"key": "to-the-extent", "type": "clause", "offset": [340, 353]}, {"key": "the-company-has", "type": "definition", "offset": [359, 374]}, {"key": "in-accordance-with", "type": "definition", "offset": [412, 430]}, {"key": "the-services-agreement", "type": "clause", "offset": [431, 453]}], "samples": [{"hash": "hjgt5aehZH0", "uri": "/contracts/hjgt5aehZH0#under-development", "label": "Distribution Agreement (Consolidated Freightways Corp)", "score": 18.0, "published": true}], "snippet": "as incurred after the Distribu tion Date. Any cost of \"cloning\" a second copy, if any, shall be part of the development costs. The Company shall not, however, pay a proportional share of the development costs where such Licensed Materi als are used in connection with the provision of services to the Company under the Services Agree ment, to the extent that the Company has already paid such proportional share in accordance with the Services Agreement.", "hash": "b45ba3c17f76bbc8a03dc98a51796725", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIadW5kZXItZGV2ZWxvcG1lbnQjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Under Development", "size": 22, "snippet": "means any Real Estate or phase of a development shall be considered under development until such time as (i) certificates of occupancy permitting occupancy have been obtained for all tenants open for business and in any event for not less than fifty percent (50%) of the gross leasable area of such development or phase (excluding outlots) (it being agreed that the Company shall receive a credit against such occupancy requirement for any space to be occupied by an anchor that has been conveyed to such anchor) and (ii) the gross income from the operation of such Real Estate or phase on an accrual basis shall have equaled or exceeded operating costs on an accrual basis for three (3) months.", "id": "under-development", "examples": ["Except in connection with an Asset <strong>Under Development</strong>, not initiate or consent to any material zoning reclassification of any Property or any material change to any approved site plan, special use permit, planned unit development approval or other land use entitlement affecting any Property without the Buyer\u2019s prior written consent, which consent may be granted or withheld in the Buyer\u2019s sole discretion.", "All expenditures made and all liabilities incurred (contingently or otherwise, but without double-counting): (i) for the acquisition of stock, partnership or other equity interests or for the acquisition of Indebtedness of, or for loans, advances, capital contributions or transfers of property to, any Person; (ii) in connection with Real Estate Assets <strong>Under Development</strong>; and (iii) for the acquisition of any other obligations of any Person.", "Notwithstanding the foregoing, tenant improvements (where available) to previously constructed and/or leased Real Estate Assets shall not be considered Real Estate Assets <strong>Under Development</strong>.", "Any Real Estate which is not <strong>Under Development</strong> and (1) is undergoing a significant Capital Improvement Project and (2) is designated as a Redevelopment Property by Borrower and approved by Agent, such approval not to be unreasonably withheld.", "Real Estate that is <strong>Under Development</strong> and undeveloped Land shall be valued at its capitalized cost in accordance with GAAP.", "A = seventy-five percent (75%) of the sum of all Acquisition Costs for all Lots <strong>Under Development</strong> which are included in the Loan Inventory.", "For purposes of this Section 10.13, property shall be deemed to be in development at all times that it is <strong>Under Development</strong>.", "In the event that any such parcel is a Lot <strong>Under Development</strong>, Developed Lot or Dwelling Lot, then the Loan Funding Availability shall be immediately calculated excluding such parcel.", "Notwithstanding the foregoing, tenant improvements to previously constructed and/or leased Real Estate Assets shall not be considered Real Estate Assets <strong>Under Development</strong>.", "If, after a parcel of land is designated a Lot <strong>Under Development</strong>, development of such parcel ceases for thirty (30) calendar days or more (other than by reason of a Force Majeure Delay), at the discretion of the Administrative Agent, the Loan Funding Availability for such parcel may be reduced to an amount determined by the Administrative Agent (which amount can be zero) until development of such Lot <strong>Under Development</strong> is resumed to the satisfaction of the Administration Agent."], "related": [["lots-under-development", "Lots Under Development", "Lots <strong>Under Development</strong>"], ["assets-under-development", "Assets Under Development", "Assets <strong>Under Development</strong>"], ["cluster-development", "Cluster development", "Cluster development"], ["finished-lots", "Finished Lots", "Finished Lots"], ["major-development", "Major development", "Major development"]], "related_snippets": [], "updated": "2026-10-03T06:44:56+00:00"}, "json": true, "cursor": ""}}