Default by the Developer. A default by Developer shall exist if (a) Developer fails to construct the DP Improvements in substantial compliance with the CDs and the other requirements of this Agreement; (b) Developer otherwise breaches or fails to comply with any obligation of Developer under this Agreement; or (c) Developer fails to maintain in full force and effect the Performance Security, if applicable, in the amounts specified in this Agreement or, upon issuance of a TCO, fails to complete work on outstanding DP Improvements within the six month time period established in Section 3.2. as may be extended.
Appears in 2 contracts
Sources: Development Plan Agreement, Development Plan Agreement