Common use of CPR Documents Clause in Contracts

CPR Documents. In order to complete the Redevelopment, Licensor may need to (a) execute and record (as applicable) one or more amendments, restatements, supplements or other modifications to the CPR Documents, and (b) register the redeveloped Project and the CPR Ag Lots (as defined in Addendum A.2) with the State of Hawaii Real Estate Commission (the “REC”) by filing a developer’s public report (or an amendment to or restatement of the existing developer’s public report for the Project) (the “Public Report”) for the redeveloped Project in accordance with HRS Chapter 514B (as amended, the “CPR Act”). Similarly, if Licensor is not able to acquire the fee simple interest in all of the Remaining Property and pursues the Alternative Redevelopment as contemplated in Addendum A.2, Licensor may need to execute and record (as applicable) one or more amendments or other modifications to the CPR Documents and file a Public Report for the CPR Ag Lots (including the Converted CPR Ag Lot). In either case, upon the issuance of an effective date for the Public Report, Licensor will provide Licensee with a copy of the then-current CPR Documents, the Public Report, and all other documents, disclosures and receipts required under the CPR Act in connection with the sale of the Converted CPR Ag Lot.

CPR Documents. In order to complete the Redevelopment, Licensor may need to (a) execute and record (as applicable) one or more amendments, restatements, supplements or other modifications to the CPR Documents, and (b) register the redeveloped Project and the CPR Ag Lots (as defined in Addendum A.2) with the State of Hawaii Real Estate Commission (the “REC”) by filing a developer’s public report (or an amendment to or restatement of the existing developer’s public report for the Project) (the “Public Report”) for the redeveloped Project in accordance with HRS Chapter 514B (as amended, the “CPR Act”). Similarly, if Licensor is not able to acquire the fee simple interest in all of the Remaining Property and pursues the Alternative Alternate Redevelopment as contemplated in Addendum A.2, Licensor may need to execute and record (as applicable) one or more amendments or other modifications to the CPR Documents and file a Public Report for the CPR Ag Lots (including the Converted CPR Ag Lot). In either case, upon the issuance of an effective date for the Public Report, Licensor will provide Licensee with a copy of the then-current CPR Documents, the Public Report, and all other documents, disclosures and receipts required under the CPR Act in connection with the sale of the Converted CPR Ag Lot.