County's Rights Upon Default. When any event of default occurs, the County may draw on the financial security to the extent of its face value. The County will have the right to use the drawn funds to construct, install or arrange for the construction or installation of any stormwater improvements. The County will have the right to conduct such work itself, or to contract with a third party to do so. The Developer grants the County, its successors, assigns, agents, contractors, and employees, a nonexclusive right to enter the property for the purposes of constructing or installing stormwater improvements.
Appears in 4 contracts
Samples: Stormwater Improvements Performance Guarantee Agreement, Stormwater Improvements Performance Guarantee Agreement, Stormwater Improvements Performance Guarantee Agreement
