Developer Delay definition
Examples of Developer Delay in a sentence
Developer shall develop and construct the Stadium Improvements in accordance with the terms and conditions of this Agreement and all Applicable Laws, and shall diligently and continuously adhere to the Stadium Construction Schedule (subject to any Excusable Developer Delay permitted in accordance with the terms of this Agreement) and the Plans for Stadium Improvements.
Upon the occurrence of any Authority Delay or Developer Delay, the Parties shall endeavor to continue to perform their obligations under this Agreement so far as reasonably practicable.
Only one (1) notice from Developer Representative shall be required with respect to a continuing Excusable Developer Delay, except that Developer Representative shall promptly (and in no event less often than every ten (10) Business Days) give notice to Authority of any further changes in the additional time for performance claimed by reason of the continuing delay.
The Parties shall use and continue to use all commercially reasonable efforts to prevent, avoid, overcome and minimize any Developer Delay or Authority Delay.
Toward that end, the Developer and the Owner each hereby agrees that it shall make all reasonable efforts to prevent and reduce to a minimum and mitigate the effect of any Developer Delay or Owner Delay occasioned by an Excusable Developer Delay or Excusable Owner Delay, respectively.