Town of Stow Authorization to Complete Remediation and Release of Escrow Funds Sample Clauses

Town of Stow Authorization to Complete Remediation and Release of Escrow Funds. Notwithstanding the provisions of Section 7, in the event that the Developer fails to complete the Improvements specified in Exhibit B, on or before October 1, 2021; as specified in the plan and in conformance with applicable industry standards, following delivery, by certified mail, of a written demand notice by the BOARD to the Developer, the BOARD shall notify Escrow Agent to make claim to said Escrow Property so as to immediately initiate the utilization of any and all escrow funds in order to complete the Improvements. In no event shall the Board’s remedies against the Developer be limited to obtaining and utilizing said escrow funds; the Town of Stow hereby reserving all equitable and legal rights accordingly.
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Related to Town of Stow Authorization to Complete Remediation and Release of Escrow Funds

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  • Examination and Retention of Contractor's Records (a) The HA, HUD, or Comptroller General of the United States, or any of their duly authorized representatives shall, until 3 years after final payment under this contract, have access to and the right to examine any of the Contractor's directly pertinent books, documents, papers, or other records involving transactions related to this contract for the purpose of making audit, examination, excerpts, and transcriptions.

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  • Certain Notifications Until Closing From the Signing Date until the Closing, the Company shall promptly notify the Investor of (i) any fact, event or circumstance of which it is aware and which would reasonably be expected to cause any representation or warranty of the Company contained in this Agreement to be untrue or inaccurate in any material respect or to cause any covenant or agreement of the Company contained in this Agreement not to be complied with or satisfied in any material respect and (ii) except as Previously Disclosed, any fact, circumstance, event, change, occurrence, condition or development of which the Company is aware and which, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect; provided, however, that delivery of any notice pursuant to this Section 3.4 shall not limit or affect any rights of or remedies available to the Investor; provided, further, that a failure to comply with this Section 3.4 shall not constitute a breach of this Agreement or the failure of any condition set forth in Section 1.2 to be satisfied unless the underlying Company Material Adverse Effect or material breach would independently result in the failure of a condition set forth in Section 1.2 to be satisfied.

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