Development Completion definition

Development Completion means the moment the required building/ development permit conditions and requirements have been met for the purposes of the development permit application and/ or the final inspection reports have been received (as required for the project).
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Development Completion means the earlier of (a) twelve (12) months after substantial completion of all improvements (other than tenant improvements of unoccupied space) related to the development of such Property and (b) such time as Construction-in-Progress achieves an Occupancy Rate of at least eighty percent (80.0%).
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Development Completion means substantial completion of the Development, as evidenced by the issuance of a temporary or permanent certificate of occupancy.
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Examples of Development Completion in a sentence

  • Notwithstanding anything herein to the contrary, at any time after the Contract Date but prior to issuance of the Development Completion Notice, either Party may immediately terminate this Agreement upon Notice to the non-terminating Party.

  • If Lessor elects to cure any Unforeseen Condition, Lessor shall cure the same within such period to be reasonably agreed upon in writing by Lessor and Lessee based on an independent third party contractor estimate of the time for such cure, and to the extent such cure results in an actual delay in the Development Completion Date, the Outside Development Completion Date shall be extended by such period.

  • The parties understand and agree that the Development Completion Payments are made for partial reimbursement of costs expended by Palomar for its development of Palomar Technology prior to the Effective Date, as further described in Section 6.1(e)(i).

  • Each Development Completion Payment shall be payable only once irrespective of the number of Female Products that are developed or commercialized by the parties pursuant to this Agreement.

  • Nothing in this Section 3.1.3 shall impact the remedies of MSG set forth in this Agreement for the Contractor’s failure to achieve Substantial Completion by the Substantial Completion Date or by the Long Stop Development Completion Date.


More Definitions of Development Completion

Development Completion means, with respect to a [***] completion of its obligations [***].
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Development Completion means “Completion of Construction” as defined under the Senior Facilities Agreement;
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Development Completion means in respect of each individual Subsequent Lot, the registration of the title for that Subsequent Lot.
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Development Completion means that all buildings and structures outlined in the development plan have been fully built in accordance with all applicable laws, codes, and regulations; the Development, including all constructions, buildings, infrastructure, and landscaping, has passed all necessary inspections carried out by relevant authorities or entities, affirming that all construction was done properly and safely; all required certifications or permits, such as a certificate of occupancy, have been issued; all utilities (water, electricity, gas, sewage, etc.) are fully operational; all final inspections have been completed and approved; the Development is fully furnished and equipped as per the development plan, and is ready for immediate occupancy; and all contracts related to the development and construction are finalized, concluded, and closed.
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Development Completion means the delivery by ENVK to SSI of ten (10) units of Product manufactured on production equipment and molds within itemized time-spans specified in applicable Appendix of the commencement of this agreement, meeting the specifications of applicable Appendix, and accepted by SSI for market sale and distribution.
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Development Completion means, with regard to an Integrated Product, the date on which the Parties give their express prior written approval of a completed Integrated Product pursuant to the Acceptance Process described in Section 2.4.7.
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Development Completion means the date upon which First Franklin signs the Notice of Development Completion as defined in Section 1.2.
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