Common use of Building Commitment Clause in Contracts

Building Commitment. 3.1. The Purchaser agrees to build an R1 district residential building on the Property to be substantially completed within two (2) years from the Possession Date. 3.2. The Purchaser acknowledges and agrees that it shall comply with all municipal bylaws with regards to construction of such dwelling and specifically acknowledges that a concrete foundation is required. 3.3. The Purchaser agrees to grade the Property in conformity with the drainage pattern established by the municipal authority. 3.4. The Purchaser shall commence construction on all of the parcels of land comprising the Property within six (6) months from the date of this Agreement. 3.5. A certificate of substantial completion must be obtained by the Purchaser for each of the parcels of land comprising the Property within two (2) years from the Possession Date. 3.6. If the construction has not been substantially completed within the above time frame, at the Village’s option, the Village shall be at liberty to make use of the Transfer Back referred to in clause 4.3 herein in order to transfer back the Property to the Village and the Village shall retain the Deposit. 3.7. The Deposit, without interest, shall be returned by the Village to the Purchaser once the development has been completed to the satisfaction of the Council of the Village of Xxxxxxx, and is subject to any deductions for charges and expenses incurred by the Village pursuant to the terms set out herein.

Building Commitment. 3.1. The Purchaser agrees to build an R1 C2 district residential building on the Property to be substantially completed within two (2) years from the Possession Date. 3.2. The Purchaser acknowledges and agrees that it shall comply with all municipal bylaws with regards to construction of such dwelling and specifically acknowledges that a concrete foundation is required. 3.3. The Purchaser agrees to grade the Property in conformity with the drainage pattern established by the municipal authority. 3.4. The Purchaser shall commence construction on all of the parcels of land comprising the Property within six (6) months from the date of this Agreement. 3.5. A certificate of substantial completion must be obtained by the Purchaser for each of the parcels of land comprising the Property within two (2) years from the Possession Date. 3.6. If the construction has not been substantially completed within the above time frame, at the Village’s option, the Village shall be at liberty to make use of the Transfer Back referred to in clause 4.3 herein in order to transfer back the Property to the Village and the Village shall retain the Deposit. 3.7. The Deposit, without interest, shall be returned by the Village to the Purchaser once the development has been completed to the satisfaction of the Council of the Village of XxxxxxxHeisler, and is subject to any deductions for charges and expenses incurred by the Village pursuant to the terms set out herein.

Building Commitment. 3.1. The Purchaser agrees to build an R1 RMH district residential building on the Property to be substantially completed within two (2) years from the Possession Date. 3.2. The Purchaser acknowledges and agrees that it shall comply with all municipal bylaws with regards to construction of such dwelling and specifically acknowledges that a concrete foundation is required. 3.3. The Purchaser agrees to grade the Property in conformity with the drainage pattern established by the municipal authority. 3.4. The Purchaser shall commence construction on all of the parcels of land comprising the Property within six (6) months from the date of this Agreement. 3.5. A certificate of substantial completion must be obtained by the Purchaser for each of the parcels of land comprising the Property within two (2) years from the Possession Date. 3.6. If the construction has not been substantially completed within the above time frame, at the Village’s option, the Village shall be at liberty to make use of the Transfer Back referred to in clause 4.3 herein in order to transfer back the Property to the Village and the Village shall retain the Deposit. 3.7. The Deposit, without interest, shall be returned by the Village to the Purchaser once the development has been completed to the satisfaction of the Council of the Village of Xxxxxxx, and is subject to any deductions for charges and expenses incurred by the Village pursuant to the terms set out herein.

Building Commitment. 3.1. The Purchaser agrees to build an R1 R2 district residential building on the Property to be substantially completed within two (2) years from the Possession Date. 3.2. The Purchaser acknowledges and agrees that it shall comply with all municipal bylaws with regards to construction of such dwelling and specifically acknowledges that a concrete foundation is required. 3.3. The Purchaser agrees to grade the Property in conformity with the drainage pattern established by the municipal authority. 3.4. The Purchaser shall commence construction on all of the parcels of land comprising the Property within six (6) months from the date of this Agreement. 3.5. A certificate of substantial completion must be obtained by the Purchaser for each of the parcels of land comprising the Property within two (2) years from the Possession Date. 3.6. If the construction has not been substantially completed within the above time frame, at the Village’s option, the Village shall be at liberty to make use of the Transfer Back referred to in clause 4.3 herein in order to transfer back the Property to the Village and the Village shall retain the Deposit. 3.7. The Deposit, without interest, shall be returned by the Village to the Purchaser once the development has been completed to the satisfaction of the Council of the Village of Xxxxxxx, and is subject to any deductions for charges and expenses incurred by the Village pursuant to the terms set out herein.

Building Commitment. 3.1. The Purchaser agrees to build an R1 IND district residential building on the Property to be substantially completed within two (2) years from the Possession Date. 3.2. The Purchaser acknowledges and agrees that it shall comply with all municipal bylaws with regards to construction of such dwelling and specifically acknowledges that a concrete foundation is required. 3.3. The Purchaser agrees to grade the Property in conformity with the drainage pattern established by the municipal authority. 3.4. The Purchaser shall commence construction on all of the parcels of land comprising the Property within six (6) months from the date of this Agreement. 3.5. A certificate of substantial completion must be obtained by the Purchaser for each of the parcels of land comprising the Property within two (2) years from the Possession Date. 3.6. If the construction has not been substantially completed within the above time frame, at the Village’s option, the Village shall be at liberty to make use of the Transfer Back referred to in clause 4.3 herein in order to transfer back the Property to the Village and the Village shall retain the Deposit. 3.7. The Deposit, without interest, shall be returned by the Village to the Purchaser once the development has been completed to the satisfaction of the Council of the Village of Xxxxxxx, and is subject to any deductions for charges and expenses incurred by the Village pursuant to the terms set out herein.