Common use of Master Schedule Clause in Contracts

Master Schedule. Attached hereto as Exhibit B is a schedule for commencement and completion of significant tasks contemplated to achieve completion of Rental Phase 1 (the “Master Schedule”). The Developer shall supplement the bar- graph schedule with detailed schedules for submissions and responses thereto of necessary deliverables associated with tasks covered by the schedule. The Developer shall continually revise and update the Master Schedule to reflect evolving events and circumstances, including impacts on interdependently related activities, and to include actual dates of commencement and completion of tasks. An updated complete Master Schedule will be provided to the City monthly, with identification and explanation of changes reflected therein. If the City shall object to any change in the schedule as submitted by the Developer, the City shall promptly advise the Developer in writing of the City’s basis for such objection and any suggested means of avoiding or otherwise remedying such change. The developer will provide a schedule for Rental Phase 2 within 90 days after the preliminary application for low-income housing tax credits is submitted to NCHFA, and more generally shall supplement and update the Master Schedule relative to any additional Approved Phase.

Master Schedule. Attached hereto as Exhibit B D is a schedule for commencement and completion of significant tasks contemplated to achieve completion of Rental Phase 1 (the “Master Schedule”). The Developer shall supplement the bar- graph schedule with detailed schedules for submissions and responses thereto of necessary deliverables associated with tasks covered by the schedule. The Developer shall continually revise and update the Master Schedule to reflect evolving events and circumstances, including impacts on interdependently related activities, and to include actual dates of commencement and completion of tasks. An updated complete Master Schedule will be provided to the City monthly, with identification and explanation of changes reflected therein. If the City shall object to any change in the schedule as submitted by the Developer, the City shall promptly advise the Developer in writing of the City’s basis for such objection and any suggested means of avoiding or otherwise remedying such change. The developer will provide a schedule for Rental Phase 2 within 90 days after the preliminary application for low-income housing tax credits is submitted to NCHFA, and more generally shall supplement and update the Master Schedule relative to any additional Approved Phase.