Common use of Development Contingencies Clause in Contracts

Development Contingencies. The Prospective Purchaser understands that there are numerous contingencies associated with the development of the Unit and Community including, by way of example, the need for Developer to secure all necessary approvals from governmental bodies having jurisdiction over the Community, the ability of Developer to arrange financing for the construction of the Unit and Community, and the ability of Developer to negotiate construction and other development-related contracts that are satisfactory to Developer in its sole discretion. There can be no assurance that Developer will be able to satisfy these contingencies.

Development Contingencies. The Prospective Purchaser understands that there are numerous contingencies associated with the development of the Unit Townhome and Community including, by way of example, the need for Developer to secure all necessary approvals from governmental bodies having jurisdiction over the Community, the ability of Developer to arrange financing for the construction of the Unit Townhome and Community, and the ability of Developer to negotiate construction and other development-related contracts that are satisfactory to Developer in its sole discretion. There can be no assurance that Developer will be able to satisfy these contingencies.

Development Contingencies. The Prospective Purchaser understands that there are numerous contingencies associated with the development of the Unit and Community Project including, by way of example, the need for Developer to secure all necessary approvals from governmental bodies having jurisdiction over the CommunityProject, the ability of Developer to arrange financing for the construction of the Unit and Community, Project and the ability of Developer to negotiate construction and other development-related contracts that are satisfactory to Developer in its sole discretion. There can be no assurance that Developer will be able to satisfy these contingencies.