Public Purpose Initiatives Sample Clauses

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Public Purpose Initiatives. Notwithstanding anything herein to the contrary, all provisions of this Agreement shall terminate and be of no further force and effect if (i) the City shall fail to issue the Series 2018 Gulch Area ▇▇▇ ▇▇▇▇▇ in an initial draw amount of $24,900,000 in accordance with the terms hereof within 90 days after the Effective Date, or receive a final non-appealable order from a court of competent jurisdiction affirming the judgement of validation as the result of an intervention at the bond validation hearing, (ii) if Completion of an initial not less than 500,000 square feet of the Project (not including parking) does not occur and is no longer planned to occur by Owner, then the Owner shall surrender all Outstanding Series 2018 Gulch Area ▇▇▇ ▇▇▇▇▇ for cancellation at any time, or (iv) Owner no longer owns any portion of the outstanding Series 2018 Gulch Area ▇▇▇ ▇▇▇▇▇. Furthermore, Owner shall have the option to terminate this Agreement if Invest Atlanta shall fail to honor a Funding Notice and Requisition submitted in accordance with the terms hereof. If the City or Invest Atlanta shall elect to terminate this Agreement by reason of any Default of Owner, the termination shall not become effective if, within the sixty (60) day period after the date of such election to terminate, the Project Finance Lender shall (i) notify the City and Invest Atlanta of the Project Finance Lender's desire to cure the Default; and (ii) comply, or in good faith with reasonable diligence and continuity commence to comply, with all non-monetary requirements of this Agreement that are reasonably susceptible of being complied with by the Project Finance Lender and prosecute such cure to its completion. If the Project Finance Lender is unable to effect cure within such sixty (60) day period because it has not been able to obtain possession of the Site from Owner, the termination shall not be effective if the Project Finance Lender has initiated and for so long as the Project Finance Lender is diligently pursuing foreclosure or similar proceeding, and, once the Project Finance Lender is able to commence such cure, to diligently and continuously thereafter do so.
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Public Purpose Initiatives. The following Public Purpose Initiatives are expected to be part of the Project (collectively, the "Public Purpose Initiatives"): (a) Owner shall cause to be built office space for lease by Invest Atlanta and/or its Affiliates (the “Invest Office”) at a mutually agreeable location once built within the Project. The Invest Office shall include the following: (i) The size of the Invest Office would be up to approximately 20,000 rentable square feet; (ii) The lease term shall be for a minimum of fifteen (15) years or such other mutually agreed upon term. (iii) Base Rent for the first 20,000 rentable square feet shall be at fifty percent (50%) of market for the fifteen (15) year lease term. Invest Atlanta shall also bear all customary operating expenses and utilities plus its operations and staffing costs. (iv) Parking at two (2) spots per 1,000 square feet in shared parking environment, at same discount levels as the base rent discount in the applicable year, and based upon square feet eligible for discount in that year. (v) The lease will be freely assignable by Owner to its successors and assigns, with typical release provisions for the assigning landlord from and after the date of the assignment. (vi) The leased premises will be delivered in warm, shell condition, with Invest Atlanta responsible for tenant improvements, personal property, communications/wiring/data, and signage; (vii) The leased premises shall be used only by Invest Atlanta or its Affiliates for office purposes; in the event the leased premises cease to be operated for Invest Atlanta or its Affiliates for office purposes for a period in excess of six (6) months for reasons not involving casualty or Force Majeure then Owner shall have right to recapture the leased premises and to terminate the Invest Atlanta lease; and * This Section and its obligations are repeated in the EZ Development Agreement but do not impose duplicate obligations or expenses. (viii) On such other terms and conditions as are substantially consistent with the Owner’s standard form lease then being used for other comparably sized tenants leasing in the same building or complex, as applicable, in which the Invest Office will be located, so long as consistent with State law and City ordinances. Owner and the City intend that the timing to finalize and execute the formal lease agreement containing the terms set forth above (the “Invest Lease”) is on or about the date on which the first phase of the first Vertical Developme...
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Related to Public Purpose Initiatives

  • Program Purpose The purpose of this Program is to provide preventive and primary health care (PHC) for individuals who reside in the state of Texas with a gross family income at or below 200 percent of the federal poverty level (FPL). Grantee shall provide services regardless of race, color, national origin, sex, age, religion, disability, political beliefs, sexual orientation, and family income.

  • Public Posting of Approved Users’ Research Use Statement The PI agrees that information about themselves and the approved research use will be posted publicly on the dbGaP website. The information includes the PI’s name and Requester, project name, Research Use Statement, and a Non-Technical Summary of the Research Use Statement. In addition, and if applicable, this information may include the Cloud Computing Use Statement and name of the CSP or PCS. Citations of publications resulting from the use of controlled-access datasets obtained through this DAR may also be posted on the dbGaP website.

  • Recruitment and Selection Swedish Medical Center will recruit and hire the most qualified applicants to meet the staffing needs of the Center and thereafter transfer, promote, and retain such persons as employees. All such actions and decisions shall comply with the Center’s desire to promote from within whenever qualified candidates are identified, interested, and available.

  • Outside Activities of Limited Partners Subject to any agreements entered into by a Limited Partner or its Affiliates with the General Partner, Partnership or a Subsidiary, any Limited Partner and any officer, director, employee, agent, trustee, Affiliate or stockholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. Subject to such agreements, none of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person, other than the Limited Partners benefiting from the business conducted by the General Partner, and such Person shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.

  • Public Procurement The Parties shall cooperate to develop conditions for open and competitive award of contracts for goods and services in particular through calls for tenders.