Common use of Development Group Clause in Contracts

Development Group. In view of the significant costs incurred to date and that will be required to be advanced by Developer to accomplish the goals and objectives of the Specific Plan as set forth in this Agreement, a Development Group consisting of Developer and the other Participating Developers has been formed and will fund the planning costs and may construct or coordinate and administer certain financing programs related to the construction of the improvements and the public facilities. As more particularly described in Section 3.2 of this Agreement, ▇▇▇▇▇▇▇▇▇’s ability to proceed with any part of the Project will be contingent upon Developer being a member in good standing of such Development Group, as evidenced by the issuance thereto from the Development Group of a Good Standing Certificate.

Development Group. In view of the significant costs incurred to date and that will be required to be advanced by Developer to accomplish the goals and objectives of the Specific Plan as set forth in this Agreement, a Development Group consisting of Developer and the other Participating Developers has been formed and will fund the planning costs and may construct or coordinate and administer certain financing programs related to the construction of the improvements and the public facilities. As more particularly described in Section 3.2 of this Agreement, ▇▇▇▇▇▇▇▇▇Developer’s ability to proceed with any part of the Project will be contingent upon Developer being a member in good standing of such Development Group, as evidenced by the issuance thereto from the Development Group of a Good Standing Certificate.