PERFORMANCE UNDER DEVELOPMENT AGREEMENTS Sample Clauses
The "Performance Under Development Agreements" clause defines the obligations and standards that parties must meet when carrying out their responsibilities under a development contract. It typically outlines timelines for deliverables, quality benchmarks, and procedures for monitoring progress, such as regular status reports or milestone reviews. By clearly specifying expectations and accountability, this clause helps ensure that both parties understand their duties and provides a framework for addressing delays or substandard work, thereby reducing the risk of disputes and project failures.
PERFORMANCE UNDER DEVELOPMENT AGREEMENTS. The Borrower shall fully, timely and completely perform all of the obligations of the owner of the Real Property due under the Development Agreements and shall cause no default under any of the Development Agreements.
PERFORMANCE UNDER DEVELOPMENT AGREEMENTS. To the best of the Borrower’s knowledge, all of the obligations of the owner of the Real Property due under the Development Agreements have been fully, timely and completely performed and such performance has been accepted by the related governmental agency or utility company, and no Governmental Authority has alleged that any default exists under any of the Development Agreements.
PERFORMANCE UNDER DEVELOPMENT AGREEMENTS. The Mortgagor shall fully, timely and completely perform all of the obligations of the owner of the Real Property due under the Development Agreements and shall cause no default under any of the Development Agreements.
PERFORMANCE UNDER DEVELOPMENT AGREEMENTS. To the best of Mortgagor’s knowledge, all of the obligations of the owner of the Real Property due under the Development Agreements have been fully, timely and completely performed to the extent required thereunder and such performance has been accepted by the related governmental agency or utility company, and Mortgagor has received no notice by any Governmental Authority that any default exists under any of the Development Agreements.