Examples of Secured Improvements in a sentence
The Secured Improvements are listed, together with the estimated costs thereof, on Exhibit A attached hereto.
The "Secured Improvements" shall mean the utility installations, lighting, landscaping, parking, snow storage areas, and other improvements for which security is to be provided in accordance with this Agreement.
These warranties of Developer, and the security provided for the Secured Improvements shall remain in force and effect as to any completed Secured Improvements until the lapse of one (1) year after preliminary acceptance of the Secured Improvements, and until final acceptance of such Improvements as provided in the Fraser subdivision regulations.
Developer warrants that the Secured Improvements will be installed in a good and workmanlike manner and in substantial compliance with the Development Plans and requirements of this Agreement and shall be substantially free of defects in materials and workmanship.
Prior to the issuance of the development permit for the Development Project, Developer shall furnish to Fraser adequate security in the form acceptable to Fraser, in an amount equal to one-hundred- twenty-five percent (125%) of the total estimated costs of all the Secured Improvements to be installed plus the estimated costs of restoring and revegetating the site if Developer abandons or fails to complete the Development Project within the time provided in this Agreement.
The Developer shall cause all public and private improvements depicted on the Development Plans, including but not limited to the Secured Improvements, to be constructed and completed, at its expense, in accordance with the Development Plans and any applicable regulations of Fraser.
After all the Secured Improvements have been completed fully in accordance with the Developer Agreement to the satisfaction of the Township, and after all the provisions of the Developer Agreement and this Financial Security Agreement have been satisfied fully by Developer (including the payment of all costs, expenses and fees for which Developer is responsible under both said agreements), Township shall authorize the Financial Institution in writing to release the balance of the Financial Security.
Unless otherwise agreed to in writing by the BOROUGH, no assignment of this AGREEMENT or any rights or obligations hereunder, or any transfer of ownership of the subject tract or portions thereof, shall in any way relieve Developer of responsibility for completion of the Improvements, including Secured Improvements, in accordance with the terms of this AGREEMENT nor affect in any way the rights of the BOROUGH under the FINANCIAL SECURITY AGREEMENT executed contemporaneously herewith.
To the extent the Secured Improvements include required landscaping, the Developer shall maintain such landscaping during the 1-year warranty period, and the provisions of this Section 5 and the subdivision regulations shall apply with respect to maintaining security for such landscaping improvements during the warranty period.
A portion of the Secured Improvements, specifically including all improvements within the Xxxxxxx Road right-of-way and the Wolf Road right-of-way, all sanitary sewer mains, and all water mains shall be considered “Public Improvements”.