Common use of Selection Panel Clause in Contracts

Selection Panel. A selection panel comprised of two (2) representatives appointed by each of the Agency and Developer (the “Selection Panel”) shall by mutual agreement create a pool of potential Community Builders selected from the Community Builder Applicants (the “Community Builders Pool”). Representatives appointed to the Selection Panel shall be employees of the party that appointed such representative and shall be experienced in real estate development matters. Representatives may be replaced from time to time by the party that originally appointed such representative by providing notice thereof to the other appointing party.

Appears in 2 contracts

Sources: Community Benefits Plan, Disposition and Development Agreement