Common use of NAME OF THE PROJECT Clause in Contracts

NAME OF THE PROJECT. It is hereby agreed and clarified that the Municipality will decide on the name of the public areas precinct, the public buildings and the open public areas, and will be entitled to place suitable signboards at such places, as is the customary practice in the city of Tel Aviv-Jaffa, or as may be customary in the city of Tel Aviv-Jaffa at such time. It is agreed that the Purchaser, the Municipality and the Company will, by agreement, decide on the name/names of the Purchaser’s Project, in accordance with professional advice which the Purchaser, the Municipality and the Company will receive in relation thereto (hereinafter – “the Name of the Project”). The Housing Company will be entitled to decide on the name of the residential precinct (including the inclusion in this name of the name of “▇▇▇▇▇”) and the Mall Company will be entitled to decide on the name of the commercial areas in the Purchaser’s Project, while the Housing Company and the Mall Company undertake that the names will be given by them as aforesaid will, under all the circumstances, include the name of the Project as will be decided as aforesaid. For example, if it is decided that the name of the Project is: “New Tel Aviv”, then the Housing Company will be entitled to call the residential precinct by the name of: “X” in New Tel Aviv” and the Mall Company will be entitled to call the commercial areas by the name: “Y” in New Tel Aviv”. Nothing in the foregoing shall derogate from the Municipality’s power and authority and/or its duty as a local authority to decide on the name of the suburb in which the Project will be included, in accordance with Section 235A of the Municipalities Ordinance.

Appears in 1 contract

Sources: Land Sale Agreement (Blue Square Israel LTD /Adr/)

NAME OF THE PROJECT. It is hereby agreed and clarified that the Municipality will decide on the name of the public areas precinct, the public buildings and the open public areas, and will be entitled to place suitable signboards at such places, as is the customary practice in the city of Tel Aviv-Jaffa, or as may be customary in the city of Tel Aviv-Jaffa at such time. It is agreed that the Purchaser, the Municipality Company and the Company Municipality will, by agreement, decide on the name/names of the Purchaser’s ProjectProject as defined in this Agreement, in accordance with professional advice which the Purchaser, the Municipality and the Company will receive in relation thereto (hereinafter – “the Name of the Project”). The Housing Company will be entitled to decide on the name of the residential precinct (including the inclusion in this name of the name of “▇▇▇▇▇”) and the Mall Company will be entitled to decide on the name of the commercial areas in the Purchaser’s Project, while the Housing Company and the Mall Company undertake that the names will be given by them as aforesaid will, under all the circumstances, include the name of the Project as will be decided as aforesaid. For example, if it is decided that the name of the Project is: “New Tel Aviv”, then the Housing Company will be entitled to call the residential precinct by the name of: “X” in New Tel Aviv” and the Mall Company will be entitled to call the commercial areas by the name: “Y” in New Tel Aviv”. Nothing in the foregoing shall derogate from the Municipality’s power and authority and/or its duty as a local authority to decide on the name of the suburb in which the Project will be included, in accordance with Section 235A of the Municipalities Ordinance.

Appears in 1 contract

Sources: Purchase Agreement (Blue Square Israel LTD /Adr/)