Development Performance Clause Samples
The Development Performance clause sets out the standards and requirements that a developer must meet during the execution of a project. It typically outlines specific milestones, quality benchmarks, and timelines that the developer is obligated to achieve, and may include mechanisms for monitoring progress or addressing deficiencies. This clause ensures that the project is completed to the agreed-upon specifications and within the expected timeframe, thereby protecting the interests of the party commissioning the development and reducing the risk of delays or subpar work.
Development Performance. Evaluate the pace of development, including square footage by area, mix of uses, affordable housing inventory, and related development capacity.
Development Performance. The Parties agree to undertake and perform the Development Activities specified in the Program Plan and each agrees to use Commercially Reasonable Efforts to perform those Development Activities that the Program Plan identifies as its responsibility. Each Party will also use Commercially Reasonable Efforts to assist and support the other Party in the other Party’s performance of the other Party’s obligations under the Program Plan; provided that this shall not imply any obligation to provide monetary compensation or perform activities that are not outlined in the Program Plan. The Parties agree and recognize that Veracyte is solely responsible for (i) the development of the Diagnostic Products, (ii) seeking and obtaining Regulatory Approval for Diagnostic Products, and (iii) the Commercialization of Diagnostic Products. As specified in the Program Plan, JJSI shall use Commercially Reasonable Efforts to provide advice to support these efforts, provided that JJSI failure to provide such support shall not constitute a material breach of this Agreement by JJSI. JJSI acknowledges and agrees that the results of the Development Activities, including the development of the Diagnostic Products, are inherently uncertain. Accordingly, Veracyte provides no assurance, representation or warranty that the Diagnostic Products can, either during the term of this Agreement or thereafter, be successfully developed or, if so developed, that the Diagnostic Products will receive the requisite Regulatory Approval.
Development Performance. Evaluate the pace of development, including square footage by area, mix of uses, affordable housing inventory, and related development capacity. Amended and Restated Agreement for Facilities in the Waterfront District ,September 5, 2019 Page 26