Development Functions definition
Examples of Development Functions in a sentence
Developer hereby accepts such engagement and hereby agrees to diligently perform its duties and the Development Functions hereunder, which performance shall be carried out in a manner at least equal to the standard of care and quality of services rendered by the leading and most reputable companies performing the same or similar type professional services in connection with institutional grade multifamily apartments in the area of the Property.
The Manager hereby accepts such engagement and hereby agrees to diligently use its best efforts in the performance of its duties and the Development Functions hereunder, which performance in all respects and at all times shall be carried out to the same extent and with the same degree of care and quality as the Manager would exercise in the conduct of its own affairs if the Manager were the owner of the Project.
The Manager agrees that the Manager shall cause ▇▇▇▇▇▇▇▇▇▇ to be personally involved in the performance of the Development Functions and the other obligations and undertakings of the Manager hereunder.
The Owner shall have the right to ---------------------------- terminate this Agreement upon written notice to the Manager in the event ▇▇▇▇▇▇▇▇▇▇ shall die, become permanently or temporarily disabled or shall cease for reasons beyond his control to be actively involved in performing, on behalf of the Manager, the Development Functions and the other obligations and undertakings of the Manager hereunder.
The term "Development Functions" means those --------------------- functions of the Manager set forth in Section 4.2 of this Agreement.
Developer further agrees to apply commercially reasonable business practices in the performance of the Development Functions and to comply with all laws and regulations applicable to its activities in carrying out the Development Functions.
Developer hereby accepts such engagement and hereby agrees to diligently perform the Development Functions hereunder.
Developer shall have available to it at all times a sufficient number of capable personnel to enable Developer to properly perform its duties and obligations under this Agreement including, without limitation, managing, arranging, supervising and coordinating activities necessary to carry out the Development Functions.
Seller shall have a license to enter the Real Estate following the Closing for the purpose of performing the Development Functions.
Seller agrees to diligently perform its duties and the Development Functions hereunder, which performance in all respects and at all times shall be carried out to the same extent and with the same degree of care and quality as Seller would exercise in the conduct of its own affairs if Seller were the owner of the Project.