Development Phasing Schedule Sample Clauses
The Development Phasing Schedule clause establishes a timeline and sequence for completing different stages of a development project. It typically outlines key milestones, deadlines, and the order in which specific tasks or deliverables must be achieved, such as site preparation, construction phases, and final inspections. By clearly defining these phases and their timing, the clause helps coordinate project activities, manage expectations, and ensure that all parties are aligned on the progression of the work, thereby reducing the risk of delays and misunderstandings.
Development Phasing Schedule. The parties acknowledge that the Developer intends to develop the Real Property in phases. In accordance with the Act, the Developer shall develop the Real Property in a manner consistent with the Development Phasing Schedule as is set forth in Exhibit C hereto. As the timing of the Development is affected by many factors, including but not limited to the receipt of the Certificate of Need, it is difficult to accurately project the timing and scope of the Project. As such and using the most reliable information as of the Effective Date, the Developer and County agree upon the Development Phasing Schedule, which shall be updated annually during the periodic review required by the Act. A delay in the Development of the Project does not constitute a Material Breach unless County Council makes a finding that the Developer is not substantially and diligently pursuing Development or the Certificate of Need.
Development Phasing Schedule. The parties acknowledge that the Property Owner intends to develop the Real Property in phases. In accordance with the Act, the Property Owner shall develop the Real Property in a manner consistent with the Development Phasing Schedule as is set forth in Exhibit C hereto. As the timing of the Development will be affected by the health of the national and local economics as well as demand for various housing types and commercial and industrial uses in the region, it is difficult to accurately project the timing and scope of the Project. As such and using the most reliable information as of the Effective Date, the Property Owner and Town agree upon the Development Phasing Schedule, which may be updated by the Developer in its sole discretion as part of the annual periodic review required by the Act.
Development Phasing Schedule. The Parties acknowledge that the Developer intends to develop the Real Property in phases. In accordance with the Act, the Developer shall develop the Real Property in a manner consistent with the Development Phasing Schedule as is set forth in Exhibit C hereto. As the timing of the Development is and will be affected by many factors such as the economy, acts of God and the housing market locally, regionally and nationally as well as COVID-19 and any similar or related pandemics etc., it is difficult to accurately project the timing and scope of the Project. As such and using the most reliable information as of the Effective Date, the Developer and County agree upon the Development Phasing Schedule, which shall be updated annually during the periodic review required by the Act. A delay in the Development of the Project does not constitute a material breach unless County Council makes a finding that the Developer is not substantially and diligently pursuing Development under the circumstances existing at that time.