Calling the Bond. Developer acknowledges and agrees that if Xxxxxxxxx’s construction of the Improvements has not been completed in accordance with Section 5.1, has not been performed in accordance with the Contract Documents, or if the Developer has failed to cure any Defective Work within the commercially reasonable time specified in a written notice of defect, the City may use the security referenced in Section 13.1 above to complete the Improvements. This remedy is not a limitation on remedies of the City and is in addition to any other remedy that the City may have at law or in equity.
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Samples: Reimbursement Agreement, Reimbursement Agreement, Reimbursement Agreement
Calling the Bond. Developer acknowledges and agrees that if Xxxxxxxxx’s construction of the Improvements has not been commenced, has not been completed in accordance with Section 5.1the Project Schedule, has not been performed in accordance with the Contract DocumentsApproved Drawings and Specifications, or if the Developer has failed to cure any Defective Work defects within the commercially reasonable time specified in with a written notice Notice of defectDefect, the City may use the security referenced in Section 13.1 above to complete the Improvements. This remedy is not a limitation on remedies of the City and is in addition to any other remedy that the City may have at law or in equity.
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