Developer’s Obligations definition
Examples of Developer’s Obligations in a sentence
The Developer and the Council will use their Reasonable Endeavours to adhere to the terms and timelines for the tasks set out in this Agreement in accordance with the Council’s Service Standards contained in Schedule 1, the Developer’s Obligations contained in Schedule 2 and the Project Programme contained in Appendix 3.
The Council will (in its capacity as landowner) assist the developer where reasonably expected to do so in order to deliver the scheme and to satisfy the Developer’s Obligations and Conditions and to use reasonable endeavours to: Support the Developer in acquiring any third party property interests on the site including the long leasehold interests .
If all or any part of the Project is damaged or destroyed on account of a Relief Event, the Developer shall promptly repair, replace or restore the part of the Project so damaged or destroyed to at least the character or condition with materials of like kind and quality and without deduction for depreciation at the time and place of loss, and in compliance with applicable Law, and in accordance with the requirements of Section 13.3 (Developer’s Obligations Upon Material Damage or Destruction).
The Company shall promptly appoint a successor Trustee of such Trusts in a jurisdiction where there are no Avoidable Taxes.
Developer’s Obligations - Developer’s indemnity and other obligations shall not be limited by the foregoing insurance requirements and shall survive the expiration of this agreement.
Section 6.3. Developer’s Obligations to the City Under Bond or Surety 17 Section 6.4. Governmental Approvals 17 Section 7.1. Events of Default 17 Section 7.2. Remedies on Default 18 Section 7.3. Rights and Remedies Cumulative 18 Section 7.4. Waiver of Breach 18 Section 7.5. Excusable Delays 18 Section 8.1. Agreement Effective.
If a Supervening Event occurs, the Developer may seek relief from its obligations, may seek extensions of time, may claim compensation, and may exercise a termination right under this Comprehensive Agreement, in each case as and to the extent permitted pursuant to this Section 12 (Supervening Events Generally), Section 13 (Relief Events), and Section 14 (Compensation Events) and in accordance with Section 13.3 (Developer’s Obligations Upon Material Damage or Destruction).
District will promptly forward to Developer any invoices, bills, or other charges representing Developer’s Obligations (“Developer Bills”) that are received by District.
Subject to and conditioned upon the full and timely performance of the Developer’s Obligations set forth in paragraph 4 of this Agreement, the City shall reimburse the Developer a sum of up to, but not to exceed, Fifty Thousand Dollars ($50,000.00), subject to the condition that such reimbursement amount shall not exceed the amount of Eligible Redevelopment Project Costs actually incurred by Developer in connection with the Project Area Redevelopment.
Following completion of all of Developer’s Obligations in paragraph 2, above, WPRWSD agrees to vacate the Express Easement execute and deliver to Developer the Quitclaim Deed attached to this Agreement as Exhibit D.