Development Interests definition

Development Interests means Use Rights that are in the good faith judgment of Owner commercially appropriate for the development or operation of the Eastside Convention Center.
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Examples of Development Interests in a sentence

  • Pursuant to a Unit Exchange Agreement, dated August 28, 2006, by and among the Orion Development Members and Orion Ethanol, LLC, a Kansas limited liability company, (“Orion Ethanol”), the Orion Development Members exchanged their Orion Development Interests for units of Orion Ethanol (the “Orion Ethanol Interests”).

  • Orion hereby accepts such assignment of all of the Orion Development Interests being assigned to Orion as reflected on Schedule A and hereby expressly assumes all of the rights, obligations and liabilities of the Members under and with respect to the Orion Development Interests and agrees to be bound by the Orion Development Operating Agreement as a member thereunder.

  • Upon the execution and effectiveness of this Agreement, the Parties shall notify Orion Development’s Board and request that the assignment of the Orion Development Interests to Orion be recorded in Orion Development’s records so that Orion stands in the name of the Members on the books of Orion Development and Orion shall cause the grant and issuance of Orion Interests to the Members to be recorded in its records so that the Members shall become members of Orion thereunder.

  • Each such Member desires to Transfer to Orion its Orion Development Interests in exchange for the number of membership interests in Orion as specified on Schedule A along with all of the related rights of a member of Orion under the Operating Agreement of Orion, dated August 28, 2006 (the “Orion Operating Agreement”) (the “Orion Interests”).

  • Orion desires to acquire the Orion Development Interests from the respective Members and assume each such Member’s obligations under the Operating Agreement.

  • The Members shall cause Exhibit A, the Schedule of Members, to the Orion Development Operating Agreement to be amended so as to reflect Orion’s ownership of the Orion Development Interests and Orion shall amend Exhibit A, the Schedule of Members, to the Orion Operating Agreement so as to reflect each Member’s ownership of its Orion Interests as reflected on Schedule A hereto.

  • No Transfer of any Joint Development Interests as permitted under Section 6.1(a) or 6.1(b) shall relieve the transferring Person of any of its or its Affiliates’ obligations under this Agreement or any Associated Agreement except to the extent of obligations incurred from and after the time such Transfer is effective in accordance with this Agreement and all Associated Agreements to the extent related to the interests transferred to such Person.

  • The Development Interests, the Facility Interests and the Restoration Interests are herein collectively referred to as the "INTERESTS".

  • As required by Section 7.2, each Member hereby states its intention that upon the completion of the transfer of the Orion Development Interests to Orion as contemplated hereby, Orion shall become a Substitute Member under the Orion Development Operating Agreement.

Related to Development Interests

  • Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Development Agreements means all development, utility or similar agreements included in the Permitted Encumbrances.

  • Development rights means any right or combination of rights reserved by a declarant in the declaration to: