Common use of Builder's Development and Construction Duties Clause in Contracts

Builder's Development and Construction Duties. Subject to government restrictions and approvals (entitlements), the physical condition of the Property, the availability from the Owner of adequate funds/financing, the posting by the Owner of all required bonds, deposits, and other required forms of security, and the market for new single family houses of the type and in the price range of the Homes, Builder shall use its reasonable best efforts to continuously and diligently to do all things necessary to cause the Homes and other improvements in the Project to built, and the constructed Homes to be offered for sale and sold in accordance with the Phase Schedule and the Phase Budget. Without limiting the generality of the foregoing, Builder's duties are described more particularly below:

Builder's Development and Construction Duties. Subject to government restrictions and approvals (entitlements), the physical condition of the Property, the availability from the Owner of adequate funds/financing, the posting by the Owner of all required bonds, deposits, and other required forms of security, and the market for new single family houses of the type and in the price range of the Homes, Builder shall use its reasonable best efforts to continuously and diligently to do all things necessary to cause the Homes and other improvements in the Project to be built, and the constructed Homes to be offered for sale and sold in accordance with the Phase Schedule and the Phase Budget. Without limiting the generality of the foregoing, Builder's duties are described more particularly below: