Common use of DATE OF COMPLETION Clause in Contracts

DATE OF COMPLETION. a. Developer shall complete all of the Dedicated Improvements on or before _. In the event that the Dedicated Improvements are not completed by such date, or in the event that Developer is otherwise in default of this Agreement, then any undrawn funds remaining under the Financial Security shall, upon draw by Township, be paid to Township. Upon such payment, such funds shall be used and applied by Township for the purposes of paying the cost of completing the Dedicated Improvements and for such other costs as are described herein. In completing said Dedicated Improvements, Township may, at its option, have such Dedicated Improvements completed by Developer or by independent contractors or by Township employees or by any combination of the foregoing, as Township may elect.

DATE OF COMPLETION. a. A. Developer shall complete all of the Dedicated Township Improvements on or before _, 20 . In the event that the Dedicated Township Improvements are not completed by such date, or in the event that Developer is otherwise in default of this Agreement, then any undrawn funds remaining under the Financial Security shall, upon draw by Township, be paid to Township. Upon such payment, such funds shall be used and applied by Township for the purposes of paying the cost of completing the Dedicated Township Improvements and for such other costs as are described herein. In completing said Dedicated Township Improvements, Township may, at its option, have such Dedicated Township Improvements completed by Developer or by independent contractors or by Township employees or by any combination of the foregoing, as Township may elect.

DATE OF COMPLETION. a. Developer shall complete all of the Dedicated Improvements on or before ___ _. In the event that the Dedicated Improvements are not completed by such date, or in the event that Developer is otherwise in default of this Agreement, then any undrawn funds remaining under the Financial Security shall, upon draw by Township, be paid to Township. Upon such payment, such funds shall be used and applied by Township for the purposes of paying the cost of completing the Dedicated Improvements and for such other costs as are described herein. In completing said Dedicated Improvements, Township may, at its option, have such Dedicated Improvements completed by Developer or by independent contractors or by Township employees or by any combination of the foregoing, as Township may elect.