Common use of Certificate of Substantial Completion Clause in Contracts

Certificate of Substantial Completion. On or before the Completion Date, time being of the essence, Resident shall provide the Land Bank with copies of any and all building permits, certificates of completion, certificates of occupancy certificates of adequacy, certificates of inspection and/or other similar permits or certificates obtained for the Property as may be required by any Laws or as may be reasonably requested by the Land Bank (the "Certificates") and any drawings, plans, receipts, photographs, specifications and/or other documentation reasonably requested by the Land Bank confirming that Resident has completed the Development Plan. The Land Bank shall determine, with commercially reasonable expedience, whether performance of the Buyer is in "Substantial Completion" (as defined herein) with the Development Plan. At a mutually agreeable time, Resident will allow Land Bank employees and/or its agents access to the Property for the purpose of inspecting the Property to assist in the determination as to whether Resident is in Substantial Compliance with the Development Plan. If the Land Bank determines in its sole but reasonable discretion that the Resident is in Substantial Compliance with the Development Plan, it shall issue Resident a Certificate of Substantial Completion, which Certificate shall be issued within twenty (20) days from the date of such inspection.

Certificate of Substantial Completion. On or before the Completion Date, time being of the essence, Resident Developer shall provide the Land Bank with copies of any and all building permits, certificates of completion, certificates of occupancy certificates of adequacy, certificates of inspection and/or other similar permits or certificates obtained for the Property as may be required by any Laws or as may be reasonably requested by the Land Bank (the "Certificates") and any drawings, plans, receipts, photographs, specifications and/or other documentation reasonably requested by the Land Bank confirming that Resident Developer has completed the Development Plan. The Land Bank shall determine, with commercially reasonable expedience, whether performance of the Buyer Developer is in "Substantial Completion" (as defined herein) with the Development Plan. At a mutually agreeable time, Resident Developer will allow Land Bank employees and/or its agents access to the Property for the purpose of inspecting the Property to assist in the determination as to whether Resident Developer is in Substantial Compliance with the Development Plan. If the Land Bank determines in its sole but reasonable discretion that the Resident Developer is in Substantial Compliance with the Development Plan, it shall issue Resident Developer a Certificate of Substantial Completion, which Certificate shall be issued within twenty (20) days from the date of such inspection.