Common use of Special Charge Clause in Contracts

Special Charge. Developer acknowledges the special benefit to the Property of 982 the Village’s financial contributions to the Apartment Project pursuant to this Agreement. If 983 Developer fails to make any special charge payment owed by Developer under subsection H. 984 within thirty (30) days after written notice from the Village of such failure, then as the Village’s 985 sole remedy for a breach of subsections G. and H., Developer consents to the Village levying a 986 special charge against the Apartment Property in the amount of such unpaid shortfall. Developer 987 waives all rights to notice and hearing related to the special charge and waive all rights to object 988 to procedural or other irregularities in the levy of the special charge.

Appears in 1 contract

Samples: Development Agreement

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