Common use of Sustainability Requirements Clause in Contracts

Sustainability Requirements. Developer shall use commercially reasonable efforts to secure certification of the Project from the US Green Building Council under the LEED™ for Neighborhood Development (based on the standards in effect as of the Reference Date). Before the Outside Date for submittal of a Major Phase Application for Major Phase 2, Developer shall submit a completed application for LEED certification to the US Green Building Council and provide a progress report to the Agency on the status of the certification process upon request. Certain other sustainability requirements that have been incorporated into the design of the Project are set forth on Exhibit K.

Appears in 3 contracts

Sources: Disposition and Development Agreement (Five Point Holdings, LLC), Disposition and Development Agreement, Disposition and Development Agreement