Developer Conditions Sample Clauses
The Developer Conditions clause sets out the specific requirements and obligations that a developer must meet under an agreement. These conditions may include milestones for project completion, quality standards, compliance with applicable laws, and the provision of necessary documentation or deliverables. By clearly outlining what is expected from the developer, this clause ensures accountability and helps prevent disputes by making the developer’s responsibilities explicit.
Developer Conditions. The obligations of Developer with respect to proceeding with the Closing shall be subject to the satisfaction or waiver in writing of the following on or before the Closing Date, or within such period as is specified in this Section:
(a) Title/Survey. Developer, at its expense, shall have: (i) obtained a title commitment and a survey relative to the Town Property; and (ii) determined that neither the title commitment nor the survey reflect any conditions or defects disclosed in the title commitment or the survey that, in the reasonable determination of Developer, materially and adversely will interfere with the construction and/or use of the Project (the “Title Defects”), other than those Title Defects that will be cured or removed at or before the Closing.
Developer Conditions. The obligations of Developer with respect to proceeding with the Closing shall be subject to the satisfaction or waiver in writing of the following on or before the Closing Date, or such other period as specified in this Section:
(a) Required Permits. Developer shall have obtained (or determined that it will be able to obtain) all Required Permits.
Developer Conditions. In addition to the closing condition specifically set forth in Section C.2(a) above, the following shall be conditions to the closing under the H5 and H6 Transfer Agreements, for Developer's benefit: (i) City shall not be in default under the H5 and H6 Transfer Agreements beyond any applicable notice and cure period; (ii) Developer is obligated to transfer the H5 Property and the H6 Property in order to satisfy its affordable housing requirements equal to the value of the IHO fee credit for the H5 Property and the H6 Property (i.e., see Section C.8) as a result of the amount of market rate units being developed, and (iii) Developer has elected to satisfy some or all of such affordable housing requirements by means of the IHO fee credits resulting from the transfer of the H5 Property and or the H6 Properties pursuant to the H5 Transfer Agreement and the H6 Transfer Agreement.
Developer Conditions. In addition to the closing condition specifically set forth in Section B.7(b) below, the following shall be conditions to the closing under the H1 Transfer Agreement, for Developer's benefit: (i) the City shall not be in default under the H1 Transfer Agreement beyond any applicable notice and cure period, (ii) Developer is obligated to transfer the H1 Property in order to satisfy its affordable housing requirements equal to the value of the IHO fee credit for the H1 Property (i.e., see Section C.8) as a result of the amount of market rate units being developed, and (iii) Developer has elected to satisfy some or all of such affordable housing requirements by means of the IHO fee credits resulting from the transfer of the H1 Property pursuant to the H1 Transfer Agreement.
Developer Conditions. 35 ARTICLE 12
Developer Conditions. Developer shall purchase the applicable Sites from the Successor Agency subject to the terms of this Agreement subject to satisfaction of the following conditions, which are for the benefit of the Developer and may be waived in whole or in part by the Developer (“Developer Conditions”):