Draw. If Developer fails to complete Improvements per the terms of this Agreement, the Town may draw on the associated Improvement Guarantee to complete the Improvements. If the Town has drawn on the Improvement Guarantee, and a satisfactory replacement guarantee is provided or the Improvements have been completed, then the Town will release any funds received as a result of its draw within a reasonable period of time, or within 10 calendar days of a request by Developer.
Appears in 6 contracts
Samples: Development Agreement, Proposed Terms Goodall Homes, Proposed Terms Goodall Homes
