Developer to provide Public Benefit Sample Clauses

Developer to provide Public Benefit. ‌ (a) The Developer must use all reasonable endeavours to procure the Required HFS on or before the Due Date.‌ (b) Without limiting the Developer’s obligations under clause 5.1(a), in complying with clause 5.1 (a) the Developer must:‌ (i) make genuine and ongoing efforts to procure the Required HFS from HFS Owners; and (ii) where such negotiations in accordance with clause 5.1(b)(i) are successful: (A) enter into a HFS Deed with the HFS Owner; and (B) procure, at its own cost (if necessary), the stamping and registration of the HFS Deed in the General Register of Deeds. (c) Within 30 days of registration of the HFS Deed in accordance with clause 5.1(b), the Developer must provide to the City:‌ (i) a copy of the stamped, registered HFS Deed; and (ii) the Transaction Fee. (d) If the Developer has complied with its obligations under clauses 5.1(a) to 5.1(c), the City will update the HFS Register to include all or part of the Required HFS as Allocated HFS for the purposes of the Development.‌