Common use of Default by Developer Clause in Contracts

Default by Developer. The Owner may terminate this Agreement if the Developer: (a) fails to commence the Work promptly, or to proceed continuously and in a timely manner with the completion of its Work in material compliance with the Contract Documents; (b) breaches any warranty or representation made by the Developer in connection with the performance of this Agreement that materially and adversely effects Developer’s ability to complete the Work; or (c) otherwise fails to perform any of its material obligations under this Agreement.

Appears in 4 contracts

Samples: Owner Developer Agreement, Parking Operating Agreement, Joinder Agreement, Stadium License Agreement, Owner Developer Agreement, Parking Operating Agreement, Joinder Agreement

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