Commencement of the Development Clause Samples

The 'Commencement of the Development' clause defines when the development phase of a project officially begins. It typically specifies a start date or the conditions that must be met before work can commence, such as obtaining necessary permits or approvals. This clause ensures all parties are clear on when obligations and timelines start, helping to prevent disputes about delays or responsibilities.
Commencement of the Development. The planning obligations contained within this Agreement are also conditional upon the Planning Inspector and/or Secretary of State finding that such planning obligations are:
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Commencement of the Development. If the Planning Permission expires (without being renewed or extended) before the Development is Commenced or is at any time revoked or quashed then this deed shall determine and cease to have effect.
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Commencement of the Development. (a) The Developer agrees to commence the following portions of the Development at the following times: (i) with respect to the construction of the Field, hotel, sports medicine facility, multi-family apartments, restaurant, parking garage and other mixed uses, no later than January 1, 2028; and (ii) with respect to the construction of a possible recreation complex or other mixed-uses on the southern portion of the TIF Property, no later January 1, 2030. Absent extension of the foregoing respective dates set forth in Section 2(a)(i) and Section 2(a)(ii) pursuant to Section 2(b), the TIF with respect the applicable Improvements described in those sections shall commence not later than the first anniversary of such respective dates. (b) The parties agree to cooperate in good faith in the extension of any of the commencement dates described in Section 6(a) if the need for such extension is the result of any of the following: an overall decline in the economic performance or prospects in the Developer’s sector as a developer, legal or regulatory changes affecting Developer’s business, the inability to obtain any required licenses and permits in connection with the Development, war, riots, terrorist acts, strikes, lockouts, insurrections or other civil disturbances, power outages, pandemic, shortages of labor, fuel or materials, fires, flood, windstorm, tornado of other casualty, or any other unanticipated natural event. Such extension shall be evidenced in writing(s) by the Mayor of the City and the Superintendent of the School District to the Developer, and such actions shall be deemed authorized by City Council of the City and the Board of Education of the School District without any additional approvals by such public bodies.
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Related to Commencement of the Development

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project (a) The Company intends and expects, together with any Sponsor Affiliate, to (i) construct and acquire the Project, and (ii) meet the Contract Minimum Investment Requirement within the Investment Period. The Company anticipates that the first Phase of the Project will be placed in service during the calendar year ending December 31, 2020. (b) Pursuant to the FILOT Act and subject to Section 4.03 hereof, the Company and the County hereby agree that the Company and any Sponsor Affiliates shall identify annually those assets which are eligible for FILOT payments under the FILOT Act and which the Company or any Sponsor Affiliate selects for such treatment by listing such assets in its annual PT-300S form (or comparable form) to be filed with the Department (as such may be amended from time to time) and that by listing such assets, such assets shall automatically become Economic Development Property and therefore be exempt from all ad valorem taxation during the Exemption Period. Anything contained in this Fee Agreement to the contrary notwithstanding, the Company and any Sponsor Affiliates shall not be obligated to complete the acquisition of the Project. However, if the Company, together with any Sponsor Affiliates, does not meet the Contract Minimum Investment Requirement within the Investment Period, the provisions of Section 4.03 hereof shall control. (c) The Company may add to the Land such real property, located in the same taxing District in the County as the original Land, as the Company, in its discretion, deems useful or desirable. In such event, the Company, at its expense, shall deliver an appropriately revised Exhibit A to this Fee Agreement, in form reasonably acceptable to the County.