Common use of DEFECT OR DEFAULT BY DEVELOPER Clause in Contracts

DEFECT OR DEFAULT BY DEVELOPER. 25.01(1) Default occurs under this Agreement if: (a) the developer becomes bankrupt or insolvent; (b) a receiver or receiver-manager is appointment for the Developer; (c) the Developer fails to comply with the terms of any relevant Wetland Compensation Agreement; or (d) The Developer fails, neglects, or refuses to complete all design, installation, construction or other obligation contemplated in this agreement before the Construction Completion Date

Appears in 4 contracts

Samples: Master Development Agreement, Master Commercial Development Agreement, Master Industrial Development Agreement

AutoNDA by SimpleDocs

DEFECT OR DEFAULT BY DEVELOPER. 25.01(1) Default occurs under this Agreement if: (a) the developer becomes bankrupt or insolvent; (b) a receiver or receiver-manager is appointment for the Developer; (c) the Developer fails to comply with the terms of any relevant Wetland Compensation Agreement; or (d) The the Developer fails, neglects, or refuses to complete all design, installation, construction or satisfy any other obligation obligations contemplated in this agreement Agreement before the Construction Completion Date.

Appears in 3 contracts

Samples: Master Development Agreement, Master Development Agreement, Master Development Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!