Reconveyance Deadline Clause Samples

Reconveyance Deadline. If BCHA has not issued notice to proceed with the Project to the Contractor within 90 days of conveyance of the last parcel necessary for the Project, BCHA shall immediately (a) reconvey the County Property to the County and the GID Property to the GID, in each case by the same form of deed as BCHA received from each such Party; and (b) instruct the Title Company or the Construction Disbursement Agent, as applicable, to return each Party’s cash contribution in the amount shown on Exhibit D-2 and, thereafter, close the Escrow Account.