Developers Covenants Clause Examples

Developers Covenants. In furtherance of the conservation easement herein granted, the Developer hereby covenants and agrees with the City as follows:

Developers Covenants. The Developer covenants with the Purchasers and admits and accepts that :

Developers Covenants a. The Developer doth hereby covenant with the Purchaser that the Developer in future, shall, at the request and cost of the Purchaser, or any of them, as the case may be, execute such documents that may be required for perfecting and bettering the title of the Purchaser to the Said Apartment or more effectually confirming the transfer of the Land Share attributable to the Said Apartment to the Purchaser. b. The Developer, unless prevented by fire, or some other irresistible force, shall, upon reasonable request and at the cost of the Purchaser or any one of them, cause to be produced to the Purchaser or their attorneys or agent for inspection the title deeds in connection with the Said Land in its custody and should give photocopies thereof and in due course of time, to handover all such title deeds to the association of the flat/unit owners, when formed. c. While handing over such documents, etc to the association of flat/unit owners, when formed, the Developer will also handover all relevant documents of the Project/Complex such as sanction plan, completion plan, completion certificate, electrical drawings, plumbing drawings, fire NOC, lift licenses, generator permissions, all AMC Documents, and all other relevant documents to the elected nominees/board of managers of the association.

Developers Covenants. The parties acknowledge the Commission is entering into this Agreement based (among other things) upon the Developer's substantial compliance with the following conditions after Closing (collectively, "Developer's Covenants"). (a) Developer shall construct the Project in substantial accordance with the Project Requirements and the Project Plans approved by the Commission pursuant to Section 4.2. (b) With the Project Plans, Developer shall include the Lender's deadlines regarding the commencement of Project construction and substantial completion of the Project in accordance the Project Plans (the "Lender's Construction Conditions"). For purposes of this Agreement in general and the Repurchase Right (as defined in Section 5.2) specifically, the "Construction Condition" shall mean the Lender's Construction Conditions with the addition of ninety (90) days, (the "Construction Condition"), both subject to Force Majeure, applicable notice and cure rights under this Agreement, and any other applicable provisions of this Agreement. The parties shall memorialize in writing the Construction Condition deadlines in the Commission's final approval of the Project Plans.

Developers Covenants. The parties acknowledge the Commission is entering into this Agreement based (among other things) upon the Developer's substantial compliance with the following conditions after Closing (collectively, "Developer's Covenants"). (a) Developer shall construct the Project in substantial accordance with the Project Requirements and the Project Plans approved by the Commission pursuant to Section 4.2. (b) With the Project Plans, Developer shall include the Lender's deadlines regarding the commencement of the Project construction and substantial completion of the Project in accordance the Project Plans (the "Lender's Construction Conditions"). For purposes of this Agreement in general and the Repurchase Right (as defined in Section 5.2 below) specifically, the "Construction Condition" shall mean the Lender's Construction Conditions with the addition of ninety (90) days, (the "Construction Condition"), both subject to Force Majeure (as defined in Section 12.16 below), applicable notice and cure rights under this Agreement, and any other applicable provisions of this Agreement. The parties shall memorialize in writing the Construction Condition deadlines in the Commission's final approval of the Project Plans. (c) Such other covenants as the Commission may reasonably require in connection with the Commission's review and approval of the Project Plans as set forth in Section 4.2 and as Developer may reasonably approve. (d) Developer or the Special Purpose Entity (as defined in Section 12.1 below), as the grantee of the Property from the Commission, shall obtain the Commission's written approval of the conveyance, lease, license or other transfer of any interest in the Project, including without limitation, the conveyance, lease or license of the Property to a party not affiliated with Developer or Developer's owners, or Special Purpose Entity, or its owners. The Commission's approval shall not be unreasonably withheld, conditioned or delayed. This covenant is subject to the rights of Developer and Special Purpose Entity under section 12.1, below, and shall terminate after satisfaction of the Construction Condition. (e) Developer shall be responsible for the payment of all fees and charges the Town is entitled to levy in connection with the Project, but not limited to, road impact fees, sewer availability fees, and fire review fees. The Developer's Covenants shall run with the title to the Property and be memorialized in a separate document to be recorded at Closing ...

Developers Covenants. In furtherance of the conservation easement herein created, the Developer hereby covenants and agrees with the City as follows: 2.1 The Airspace shall remain open and free of any development except as shown on the PAD (as defined in the Development Agreement).

Developers Covenants. The Developer hereby covenants with the Council to pay that part of the Pre-Contract Costs (Advance Design Costs) at the dates and times set out in line 1 of Payment Table 1 of Annex 1. The Developer hereby covenants with the Council to pay the Post-Contract Costs in the instalments and at the dates and times set out in Payment Table 1 of Annex 2. The Developer hereby covenants to pay the shortfall of the costs of the A28 Works being the reduction in the amount of the LEP Funding in the event that part or all of the LEP Funding is withdrawn by SELEP for any reason including a failure to deliver the scheme in accordance with the Agreed Timetable to allow the A28 Works to be carried out at nil cost to the Council. Any additional funding required to pay the shortfall of the costs of the A28 Works pursuant to clause 3 of this Schedule over and above the sums shown in Payment Table 1 in Annex 2 being the Post Contract Costs to complete the A28 Works at nil cost to the Council payable pursuant to clause 2 of this Schedule will before the Construction Contract is let be paid by the Developer to the Council and the Council shall send to the Developer a revised payment schedule in substitution of Payment Table 1 of Annex 2 in these circumstances or in the event the Council is able to increase its forward funding provide an amended Bond under clause 7 of this Schedule to reflect the increased funding and borrowing costs over and above that already set out in Payment Table 1 in Annex 2 to this Deed. In the event the Council does not increase its forward funding the Developer shall pay the sums required in respect of the additional funding required over and above the sums shown in Payment Table 1 in Annex 2 pursuant to Clause 4 of this Schedule. The Developer covenants to indemnify the Council against any demand from SELEP to repay any part of the LEP Funding expended by the Council prior to the Construction Contract being let in the event the LEP Funding is withdrawn or reduced for any reason including a failure to deliver the scheme in accordance with the Agreed Timetable. The Developer hereby covenants with the Council to Provide a Bond for the Post Contract Costs as set out in line 11 of the Payment Table 1 of Annex 2 within six weeks of notification by the Council under Clause 5.2 of this Deed. The Developer covenants upon receipt of a Costs Overrun Notice by the Council to pay the amount specified in that Notice within 3 months to a maximum cumulative total amou...

Developers Covenants. 1. The Developers agree to construct a restaurant on the Property, and to use the Project throughout the term of this Agreement as a restaurant. 2. The Developers agree to make timely payment of all property taxes as they come due throughout the term of this Agreement and to submit a receipt or cancelled check to the City Clerk in evidence of each such payment.

Developers Covenants a. The Developer doth hereby covenant with the Purchaser that the Developer in future, shall, at the request and cost of the Purchaser, or any of them, as the case may be, execute such documents that may be required for perfecting and bettering the title of the Purchaser to the Said Apartment or more effectually confirming the transfer of the Land Share attributable to the Said Apartment to the Purchaser. b. The Developer, unless prevented by fire, or some other irresistible force, shall, upon reasonable request and at the cost of the Purchaser or any one of them, cause to be produced to the Purchaser or their attorneys or agent for inspection the title deeds in connection with the Said Land in its custody and should give photocopies thereof and in due course of time, to handover all such title deeds to the association of the flat/unit owners, when formed. c. While handing over such documents, etc to the Association of flat/unit owners, when formed in due course within the prescribed time frame under the relevant law(s) upon the Sellers obtaining the final completion certificate of all constructions, whatsoever, within the Project, (the “ASSOCIATION”) the Developer will then handover all relevant documents of the Phase-I/Complex/Project such as sanction plan, completion plan, completion certificate, electrical drawings, plumbing drawings, fire NOC, lift licenses, generator permissions, all AMC Documents, and all other relevant documents to the elected nominees/board of managers of the Association.