The Development Agreement Clause Samples

The Development Agreement clause establishes the terms and conditions under which a project or property will be developed between the involved parties. It typically outlines the scope of work, timelines, responsibilities, and deliverables, as well as mechanisms for managing changes or disputes during the development process. By clearly defining each party's obligations and expectations, this clause helps ensure that the development proceeds smoothly and reduces the risk of misunderstandings or conflicts.
POPULAR SAMPLE Copied 3 times
The Development Agreement. 5.1 The development agreement (‘the DA’) will be the principal agreement that regulates the arrangements between the parties for the redevelopment of the Properties. Reference to the Developer in this section is to be treated as being a reference to the relevant SPV. 5.2 The DA will be a conditional agreement. 5.3 There will need to be satisfied a number of conditions precedent before the works of redevelopment can take place. The satisfaction of the first series of conditions precedent will lead to the granting of a building licence agreement (‘BLA’) to the Developer with respect to the Phase 1 Works. 5.4 There will be further conditions precedent which would need to be satisfied before a further BLA can be granted to the Developer for the Phase 2 Works..
View Source
The Development Agreement. In exchange for the consideration set forth in this Settlement Agreement, including the resolution of the pending litigation, the Parties agree that the Development Agreement is modified as follows: a. The Annual Development Fee will be reduced to a minimum of $200,000 for the first cannabis cultivation lease/license of up to 50,000 SF. The Annual Development Fee will be $4 per SF of cultivation “canopy” over 50,000 SF of leased/licensed cannabis cultivation space. b. The Infrastructure Fee will be reduced proportionally to the reduction in total SF of cultivation “canopy” from the total 600,000 SF of cultivation canopy in the Original Site Plan. By way of illustration, if the cultivation “canopy” is reduced to 250,000 SF (41.67% of 600,000 SF), the Infrastructure Fee will be reduced from $500,000 to $208,333, due and payable at the same time as the first payment of the Annual Development Fee. c. The payment of Local Taxes pursuant to Paragraph 11 of Development Agreement will remain unchanged. The Plaintiffs voluntarily and expressly agree that the fees, mitigation, remuneration and financial obligations to the Town in the Development Agreement, as amended, and the Host Community Agreements, are valid, binding and enforceable obligations. The Plaintiffs covenant not to sue, to bring any claim, or to in any way, fashion or form seek to undermine the valid, binding and enforceable nature of the Plaintiffs’ obligations to the Town in the Development Agreement, as amended, and the Host Community Agreements, or to encourage or assist any person in doing so.
View Source
The Development Agreement. On 16 February 2017, the Company and ▇▇▇▇▇▇▇ Government entered into the Development Agreement in relation to the construction and development of a 50MW photovoltaic power plant in Weishan County*（ 微山縣）, Jining City*（ 濟寧市）, Shandong Province, the PRC. Certain material terms of the Development Agreement are set out as follows. 16 February 2017
View Source
The Development Agreement. (a) The Development Agreement is not incorporated herein and shall survive the execution and entry into force of this Agreement. (b) The parties expressly acknowledge and agree that, after the execution and entry into force of this Agreement, (i) the provisions of Sections 2 and 3.a. of the Development Agreement shall have no further force or effect, and (ii) the provisions of Section 3.b. of the Development Agreement shall be suspended unless and until the Lenders' requirement that the members of the FKPC Board of Directors nominated by the Company shall be senior officers of National Fuel Gas Company shall have become inoperative due to (A) the occurrence of the Release Date (as that term is defined in the Project Documents), or (B) the Lenders' written withdrawal of such requirement. (c) While preserving the sub-loan calculation provision of Section 10.k.(ii) of the Development Agreement, the parties expressly acknowledge and agree that the provisions of Sections 10.d., 10.e.(ii), and 10.k.(i) of the Development Agreement became inoperative prior to the execution of this Agreement, given the Lenders' posture relative to sub-loans of the type therein referred to. (d) The parties expressly acknowledge and agree that, for all purposes relevant under the Development Agreement, they have "determined prior to Financial Closing that the Tax Rate will be different" and that the said "Tax Rate" will have "change[d] prior to Financial Closing" (as the quoted phrases are used in Section 10.k. of the Development Agreement), in the event that Horizon Energy Development, Inc., the Managing Member of SKLLC ("Horizon"), shall fund any portion of the Equity Investment prior to Financial Closing. Further, the parties expressly acknowledge and agree that, in the event that Horizon shall fund any portion of the Equity Investment prior to Financial Closing, Section 10.k.(iii) of the Development Agreement shall be without force or effect from and after the date on which Horizon funds the initial installment of the Equity Investment. (e) Without thereby implicating either the provisions of Section 10.h.(i) of the Development Agreement or the Section 10.
View Source
The Development Agreement. As of the date hereof, JOL is finalizing a development agreement ("Development Agreement") with the government ("Government") of the Sultanate of Oman ("Oman"). A copy of the final draft Development Agreement is attached hereto as Exhibit A. The Development Agreement describes the terms and conditions under which a real estate development project to be designated by the Government as an "Integrated Tourism Complex" (the "Omagine Project") will be developed in Oman by Omagine S.A.O.C. [under formation] (the "Project Company").
View Source
The Development Agreement. As of the date hereof, JOL is negotiating a development agreement ("Development Agreement") with the government ("Government") of the Sultanate of Oman ("Oman"). A draft copy of the Development Agreement (the "Draft Development Agreement") which is subject to further negotiation and changes by the Government and JOL is attached hereto as Exhibit A. The Draft Development Agreement memorializes the terms and conditions of a proposed real estate development project (the "Omagine Project") to be undertaken in Oman by a subsidiary of JOL (the "Project Company").
View Source
The Development Agreement 
View SourceView Similar (4)

Related to The Development Agreement

  • Development Agreement As soon as reasonably practicable following the ISO’s selection of a transmission Short-Term Reliability Process Solution, the ISO shall tender to the Developer that proposed the selected transmission Short-Term Reliability Process Solution a draft Development Agreement, with draft appendices completed by the ISO to the extent practicable, for review and completion by the Developer. The draft Development Agreement shall be in the form of the ISO’s Commission-approved Development Agreement for its Reliability Planning Process, which is in Appendix C in Section 31.7 of Attachment Y of the ISO OATT, as amended by the ISO to reflect the Short-Term Reliability Process. The ISO and the Developer shall finalize the Development Agreement and appendices as soon as reasonably practicable after the ISO’s tendering of the draft Development Agreement. For purposes of finalizing the Development Agreement, the ISO and Developer shall develop the description and dates for the milestones necessary to develop and construct the selected project by the required in-service date identified in the STAR or Generator Deactivation Assessment, including the milestones for obtaining all necessary authorizations. Any milestone that requires action by a Connecting Transmission Owner or Affected System Operator identified pursuant to Attachment P of the ISO OATT to complete must be included as an Advisory Milestone, as that term is defined in the Development Agreement. If the ISO or the Developer determines that negotiations are at an impasse, the ISO may file the Development Agreement in unexecuted form with the Commission on its own, or following the Developer’s request in writing that the agreement be filed unexecuted. If the Development Agreement is executed by both parties, the ISO shall file the agreement with the Commission for its acceptance within ten (10) Business Days after the execution of the Development Agreement by both parties. If the Developer requests that the Development Agreement be filed unexecuted, the ISO shall file the agreement at the Commission within ten (10) Business Days of receipt of the request from the Developer. The ISO will draft, to the extent practicable, the portions of the Development Agreement and appendices that are in dispute and will provide an explanation to the Commission of any matters as to which the parties disagree. The Developer will provide in a separate filing any comments that it has on the unexecuted agreement, including any alternative positions it may have with respect to the disputed provisions. Upon the ISO’s and the Developer’s execution of the Development Agreement or the ISO’s filing of an unexecuted Development Agreement with the Commission, the ISO and the Developer shall perform their respective obligations in accordance with the terms of the Development Agreement that are not in dispute, subject to modification by the Commission. The Connecting Transmission Owner(s) and Affected System Operator(s) that are identified in Attachment P of the ISO OATT in connection with the selected transmission Short-Term Reliability Process Solution shall act in good faith in timely performing their obligations that are required for the Developer to satisfy its obligations under the Development Agreement.

  • Collaboration Agreement The Collaboration Agreement shall not have been terminated in accordance with its terms and shall be in full force and effect.

  • License Agreement The Trust shall have the non-exclusive right to use the name "Invesco" to designate any current or future series of shares only so long as Invesco Advisers, Inc. serves as investment manager or adviser to the Trust with respect to such series of shares.

  • Supply Agreement Until the Parties enter into the Supply Agreement, the Parties agree to the following terms, which terms, to the extent applicable, shall be included in the Supply Agreement: 5.1. Pro-Dex will be Monogram’s exclusive manufacturer and supplier for all of the Products. Before providing any manufacturing and supply services to Monogram, Pro-Dex will provide in writing to Monogram: (i) the reference data (from simulated use studies) used to inform the warranty period; (ii) the framework for validating processes for receiving contaminated field units for repairs and servicing; (iii) the price per Product, which, subject to Section 5.3, if Monogram does not agree to, shall be determined by Monogram soliciting bids for that same Product from at least three manufacturing companies that are (a) mutually agreed upon by Monogram and Pro-Dex, (b) ISO 13485 qualified, (c) registered with the FDA, and (d) in compliance with the FDA’s Quality System Regulation (the “Qualified Manufacturers”). The higher of (x) the average of the bids provided by the Qualified Manufacturers and (y) the median of the bids shall be the “Qualified Manufacturer Bid”. After obtaining the Qualified Manufacturer Bid, Pro-Dex will have the right to manufacture and supply that Product at the lesser of (i) one hundred and fifty percent (150%) of the Qualified Manufacturer Bid or (ii) the original bid submitted by Pro-Dex. If Pro-Dex does not elect to manufacture and supply that Product on such terms, Monogram may outsource the manufacturing and supply of that Product to a Qualified Manufacturer selected by Monogram and subject to Pro-Dex’s approval (not to be unreasonably withheld); and (iv) the lead time required by Pro-Dex to deliver the manufactured Products to Monogram, which, if Monogram does not agree to, shall be determined by Monogram soliciting lead time bids for that same Product from at least three Qualified Manufacturers. The higher of (x) the average of the bids provided by the Qualified Manufacturers and (y) the median of the bids shall be the “Qualified Lead Time Bid”. After obtaining the Qualified Lead Time Bid, Pro-Dex will have the right to supply the Products with a lead time equal to the lesser of (i) two hundred percent (200%) of the Qualified Lead Time Bid or (ii) the original bid submitted by Pro-Dex. If Pro-Dex does not elect to manufacture and supply that Product at such lead times, Monogram may outsource the manufacturing and supply of that Product to a Qualified Manufacturer selected by Monogram and subject to Pro-Dex’s approval (not to be unreasonably withheld).

  • Commencement of Development 5.3.1 In the event that development on the Lands has not commenced within five (5) years from the date of registration of this Agreement at the Registry of Deeds or Land Registry Office, as indicated herein, the Agreement shall have no further force or effect and henceforth the development of the Lands shall conform with the provisions of the Land Use By-law. For the purpose of this section, commencement of development shall mean issuance of a Mobile Home Park Construction Permit. 5.3.2 For the purpose of this section, Council may consider granting an extension of the commencement of development time period through a resolution under Section 4.1 of this Agreement, if the Municipality receives a written request from the Developer at least sixty (60) calendar days prior to the expiry of the commencement of development time period.