DATE OF COMPLETION. A. Developer shall complete all of the Township Improvements on or before , 20 . In the event that the Township Improvements are not completed by such date, or in the event that Developer is otherwise in default of this Agreement, then any undrawn funds remaining under the Financial Security shall, upon draw by Township, be paid to Township. Upon such payment, such funds shall be used and applied by Township for the purposes of paying the cost of completing the Township Improvements and for such other costs as are described herein. In completing said Township Improvements, Township may, at its option, have such Township Improvements completed by Developer or by independent contractors or by Township employees or by any combination of the foregoing, as Township may elect.
Appears in 3 contracts
Samples: Land Development Agreement, Land Development Agreement, Nonresidential Land Development Agreement
DATE OF COMPLETION. A. a. Developer shall complete all of the Township Dedicated Improvements on or before , 20 _. In the event that the Township Dedicated Improvements are not completed by such date, or in the event that Developer is otherwise in default of this Agreement, then any undrawn funds remaining under the Financial Security shall, upon draw by Township, be paid to Township. Upon such payment, such funds shall be used and applied by Township for the purposes of paying the cost of completing the Township Dedicated Improvements and for such other costs as are described herein. In completing said Township Dedicated Improvements, Township may, at its option, have such Township Dedicated Improvements completed by Developer or by independent contractors or by Township employees or by any combination of the foregoing, as Township may elect.
Appears in 3 contracts
Samples: Development Agreement, Development Agreement, Development Agreement
DATE OF COMPLETION. A. a. Developer shall complete all of the Township Dedicated Improvements on or before , 20 ___ _. In the event that the Township Dedicated Improvements are not completed by such date, or in the event that Developer is otherwise in default of this Agreement, then any undrawn funds remaining under the Financial Security shall, upon draw by Township, be paid to Township. Upon such payment, such funds shall be used and applied by Township for the purposes of paying the cost of completing the Township Dedicated Improvements and for such other costs as are described herein. In completing said Township Dedicated Improvements, Township may, at its option, have such Township Dedicated Improvements completed by Developer or by independent contractors or by Township employees or by any combination of the foregoing, as Township may elect.
Appears in 1 contract
Samples: Development Agreement
DATE OF COMPLETION. A. Developer shall complete all of the Township Improvements on or before , 20 ,2001. In the event that the Township Improvements are not completed by such date, or in the event that Developer is otherwise in default of this Agreement, then any undrawn funds remaining under the Financial Security shall, upon draw by Township, be paid to Township. Upon such payment, such funds shall be used and applied by Township for the purposes Purposes of paying the cost of completing the Township Improvements and for such other costs as are described herein. In completing said Township Improvements, Township may, at its option, have such Township Improvements completed by Developer or by independent contractors or by Township employees or by any combination of the foregoing, as Township may elect.
Appears in 1 contract
