Common use of Developer’s Default Clause in Contracts

Developer’s Default. In the event of default by the Developer as to any of the work to be performed by it hereunder, following at least thirty (30) days prior written notice and Developer’s failure to cure such default within such time-frame, except in an emergency as determined by the City, the City may, at its option, perform the work and the Developer shall promptly, following receipt of an invoice and reasonable substantiation of such costs, reimburse the City for any reasonable out-of-pocket expense incurred by the City.

Appears in 3 contracts

Sources: Stormwater Management Facilities Agreement, Stormwater Facilities Maintenance Agreement, Stormwater Facilities Management Agreement