The Development Sample Clauses
The "THE DEVELOPMENT" clause defines the scope and nature of the project or property being developed under the agreement. It typically outlines what is being constructed or improved, such as specifying the type of building, its intended use, and any relevant features or phases of the development. This clause ensures that all parties have a clear understanding of what the development entails, thereby reducing the risk of misunderstandings or disputes regarding the project's objectives and deliverables.
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The Development. 10.1 It is recorded that :
10.1.1 The development will be developed on a phased basis;
10.1.2 In terms of the articles of association of the home owners’ association, the Seller has the right to extend or alter the area or composition of the development by requiring the home owners’ association to incorporate into the development any adjacent land, and/or any property acquired by the Seller from time to time which the Seller shall be entitled to develop as it may deem fit;
10.1.3 Should any part of the said ▇▇▇▇▇ be incorporated into the development the Seller shall be entitled to require that all owners of the incorporated ▇▇▇▇▇ and their successors in title become members of the home owners’ association in respect of that part and from such date as the Seller may determine, and on the same terms and conditions as are applicable to the other members of the home owners’ association; and
10.2 The Seller intends to develop and market the development in phases as the Seller deems fit and for as long as necessary. The Seller shall enjoy unrestricted rights with regard to the marketing of the development and in particular, the right to have a sales office and erect signage within the development in its sole discretion.
The Development. The owners shall construct, install and provide the facilities and works required in and for the development at its own expense and in accordance with the Site Plan and other provisions of the Agreement.
The Development. The agreement relates to the following development application:
(a) a development application(being DA0049/23) for a development that will be for, generally as follows:
(i) demolition of existing structures;
(ii) subdivision of the site and construction of a seven-storey mixed use development (residential accommodation above ground floor registered club premises) with four levels of basement; and
(iii) a basement that will extend into a subsurface portion of the Acquisition Land from a depth of approximately three metres below the ground level and a width of six metres (subsurface part of the Acquisition Land);
(iv) stratum subdivision to create a new stratum lot for dedication to the Council free-of-cost.
The Development. It is the parties’ intent to cooperate in the creation of a high- end mixed-use development comprised of first class office space and desirable restaurants, retail, and commercial to enhance and compliment the Wilshire Corridor substantially in conformance with the Concept Plan set forth in Exhibit B. Developer will be responsible for constructing the Development, and in furtherance thereof the parties acknowledge and agree that Developer may accomplish this by hiring a general contractor to perform such construction on its behalf, or by leasing a portion of the Property to a tenant pursuant to a ground lease, and such tenant shall then perform, or cause to be performed, such construction on that portion of the Property. The BEDC will provide the Incentives set forth in this Agreement provided Developer is in compliance with its duties and obligations set forth herein.
The Development. 1.3.1 NAME: ZULULAMI ESTATE
The Development. The township development to be conducted on the Development Land by the Developer.
The Development. The Development consists of, inter alia:
(a) the Parking Spaces and the Public Vehicle Park on the Ground Floor;
(b) the Recreational Facilities in a clubhouse block; and
(c) a residential tower containing the Flats.
The Development. The land within the Improvement Area is currently expected to be developed with 294 dwelling units within Tracts 37428 and 31469-6 and a portion of Tracts 31469-3 and 31469-1 as part of a master-planned community commonly known as “Sundance.”
The Development. 3.1 The Developer has submitted a planning application for residential development at the Site (“the Development”).
The Development. 2.1 The Seller has prepared a development known as GREENCREEK under the Sectional Titles Act, 1986 and Sectional Title Schemes Management Act, 2011 (the “Acts”) to be established on ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ (the “Land”). The extent of the Apartment will not differ by more than 10% of the area indicated on the Apartment plan. The Purchaser will have no claim against the Seller arising from reasonable amendments to the specifications and/or finishes and/or Apartment plans.