Construction of Infrastructure. Subject to all the terms and conditions of this Agreement, Master Developer agrees to construct all infrastructure necessary to support the Project as described in Exhibit D and in substantial conformance with:
Construction of Infrastructure. An Affiliate of Feld, has entered into one or xxre agreements and may enter into additional agreements (collectively, the "Infrastructure Improvements Agreement") with PPPIC (or its contractor) to construct the Infrastructure for a guaranteed maximum price, including a fee to Feld not to exceed three percxxx (3%) of the hard costs of construction of the Infrastructure. A default by Feld in the performance of its xxxxgations under that contract not cured within any applicable cure period shall constitute a default under this Agreement. WPHC may in its discretion cause the phasing of the construction of the Infrastructure Improvements.
Construction of Infrastructure. After the date hereof and at or prior to the Construction Loan Closing, an Affiliate of Feld shall enter into one or moxx xgreements (collectively, the "Infrastructure Improvements Agreement") with the owner of the Infrastructure Land (or its contractor) to construct the Infrastructure for a guaranteed maximum price, including a fee to Feld not to exceed three perxxxx (3%) of the hard costs of construction of the Infrastructure. A default by Feld in the performance of its xxxigations under that contract not cured within any applicable cure period shall constitute a default under this Agreement. WPHC may in its discretion cause the phasing of the construction of the Infrastructure Improvements. An initial budget for the costs of acquisition and development of the Infrastructure is attached hereto as Exhibit T.
Construction of Infrastructure. After the date hereof and at or prior to the Construction Loan Closing, an Affiliate of Xxxx shall enter into one or more agreements (collectively, the "Infrastructure Improvements Agreement") with the owner of the Infrastructure Land (or its contractor) to construct the Infrastructure for a guaranteed maximum price, including a fee to Xxxx not to exceed three percent (3%) of the hard costs of construction of the Infrastructure. A default by Xxxx in the performance of its obligations under that contract not cured within any applicable cure period shall constitute a default under this Agreement. WPHC may in its discretion cause the phasing of the construction of the Infrastructure Improvements. An initial budget for the costs of acquisition and development of the Infrastructure is attached hereto as Exhibit T.
Construction of Infrastructure. An Affiliate of Feld, has entered into one or more agreements and may enter into adxxxxonal agreements (collectively, the "Infrastructure Improvements Agreement") with PPPIC (or its contractor) to construct the Infrastructure for a guaranteed maximum price, including a fee to Feld not to exceed three percent (3%) of the hard costs of construcxxxx of the Infrastructure. A default by Feld in the performance of its obligations under that contract not xxxxd within any applicable cure period shall constitute a default under this Agreement. WPHC may in its discretion cause the phasing of the construction of the Infrastructure Improvements. An initial budget for the costs of acquisition and development of the Infrastructure is attached hereto as Exhibit T.
Construction of Infrastructure. An Affiliate of Xxxx, has entered into one or more agreements and may enter into additional agreements (collectively, the "Infrastructure Improvements Agreement") with PPPIC (or its contractor) to construct the Infrastructure for a guaranteed maximum price, including a fee to Xxxx not to exceed three percent (3%) of the hard costs of construction of the Infrastructure. A default by Xxxx in the performance of its obligations under that contract not cured within any applicable cure period shall constitute a default under this Agreement. WPHC may in its discretion cause the phasing of the construction of the Infrastructure Improvements. An initial budget for the costs of acquisition and development of the Infrastructure is attached hereto as Exhibit T.
Construction of Infrastructure. The Buyer and the CDDs (including their respective agents and contractors) shall have the right to enter onto the Property to construct roads, together with drainage facilities, underground utility lines, entry walls, and all other subdivision infrastructure which are permitted to be constructed by the CDDs pursuant to Florida law (collectively, the "Infrastructure") provided: (a) the Infrastructure is constructed in accordance with Pasco County specifications and complies with all rules and regulations of governmental agencies having jurisdiction over it, (b) the Infrastructure is consistent with and is appropriately sized as necessary to accommodate the development as set forth in the Master Plan, (c) the Buyer or the CDDs pay the cost of constructing the Infrastructure, and (d) any Infrastructure consisting of roads and utilities lines are connected to existing public rights of ways and utility lines dedicated to Pasco County and/or existing rights of ways owned by the Meadow Pointe II Community Development District (the "MPII CDD"), in which latter case the Buyer shall cause the MPII CDD to grant perpetual easements for ingress and egress over such roadways for the benefit of that portion of the Property served by the Infrastructure. With respect to all contracts in excess of $200,000 for the construction of Infrastructure, the Buyer and/or the CDDs shall cause the contractor to obtain a payment and performance bond in statutory form or otherwise reasonably acceptable to the Seller.
Construction of Infrastructure
