Common use of Development Guidelines Clause in Contracts

Development Guidelines. Healthcare Company agrees that in connection with each Project it will: (a) (i) make all governmental filings and submissions necessary to obtain those approvals, permits and authorizations which are required in order for Healthcare Company to develop the Project and operate the Project upon completion as a healthcare facility, and (ii) use its good faith efforts to secure or cause to be secured all such necessary governmental approvals, permits and authorizations; (a) select and hire, where appropriate, reputable and (to the extent applicable) licensed architects, engineers, designers, traffic consultants, surveyors, attorneys and other consultants (the "Consultants") for ----------- the development of the Project; (c) coordinate, monitor and inspect all phases of development of the Project to ensure that the Project is being developed substantially in accordance with its Development Plan; (e) stablish administrative and control procedures and reporting for the Project, including cost accounting, budgeting and scheduling, to facilitate completion of the Project in accordance with its Development Plan and promptly notify Vencor of any occurrence or circumstance that is reasonably likely to materially delay or prevent completion of each Project in accordance with its Development Plan;

Appears in 2 contracts

Sources: Development Agreement (Ventas Inc), Development Agreement (Vencor Healthcare Inc)