Developer's Development Obligations Clause Samples
Developer's Development Obligations. The Developer agrees to undertake and complete the Development by the Agreed Upon Opening Date subject to and in accordance with the terms of this Agreement. Except as otherwise provided herein, Developer agrees, for itself and its successors and assigns, that, from and after the Closing Date, it shall promptly begin, and thereafter shall diligently prosecute or cause to be prosecuted to Completion, the Design Services and the Work subject to and in accordance with the terms of this Agreement.
Developer's Development Obligations. Development Arrangements
4.1 In consideration of the agreement by the Vendor to sell the Land to the Developer, the Developer agrees to undertake the Project on the Land in accordance with the terms and conditions of this Deed.
4.2 Upon settlement under the Contract of Sale the Developer must proceed to develop the Land by:
4.2.1 undertaking the division of the Land to create the Building Allotments and the Other Areas; and
4.2.2 progressively undertaking the Infrastructure Works, in a timely manner which is in accordance with the Master Plan, the Required Project Outcomes and the terms and conditions of this Deed generally.
4.3 Despite anything expressed or implied to the contrary in this clause 4, the Developer must:
4.3.1 complete (when appropriate, as determined by the Developer) and obtain the deposit of relevant plans of division to create the Building Allotments and the Other Allotments which plans must be substantially in accordance with the Master Plan; and
4.3.2 commence and complete the Infrastructure Works; and
4.3.3 market for sale the Building Allotments or Residences to be created. 4.3.4
Developer's Development Obligations