Common use of Mortgagee Not Obligated Clause in Contracts

Mortgagee Not Obligated. Notwithstanding the provisions of Section 9.1 above, no Mortgagee shall have any obligation or duty under this Development Agreement to perform Developer’s obligations or other affirmative covenants of Developer hereunder, provided, however, that a Mortgagee shall not be entitled to devote the Property to any uses or to construct any improvements thereon other than those uses or improvements provided for or authorized by this Development Agreement, or by the Existing Approvals and Applicable Rules.

Appears in 1 contract

Samples: Development Agreement

AutoNDA by SimpleDocs

Mortgagee Not Obligated. Notwithstanding the provisions of Section 9.1 10.1 above, no Mortgagee shall have any obligation or duty under this Development Agreement to perform Developer’s obligations or other affirmative covenants of Developer hereunder, ; provided, however, that a Mortgagee shall not be entitled to devote the Property to any uses or to construct any improvements thereon other than those uses or improvements provided for or authorized by this Development Agreement, or by the Existing Project Approvals and Applicable Rules.

Appears in 1 contract

Samples: Development Agreement

Mortgagee Not Obligated. Notwithstanding the provisions of Section 9.1 14.a. above, no Mortgagee shall have any obligation or duty under this Development Agreement to perform Developer’s obligations construct or other affirmative covenants complete the construction of Developer hereunderimprovements, or to guarantee such construction or completion; provided, however, that a Mortgagee shall not be entitled to devote the Property to any uses or use except in full compliance with the Project Approvals nor to construct any improvements thereon or institute any uses other than those uses or improvements provided for or authorized by this the Development Agreement, or by otherwise under the Existing Approvals and Applicable RulesProject Approvals.

Appears in 1 contract

Samples: alamedamgr.files.wordpress.com

Mortgagee Not Obligated. Notwithstanding the provisions of Section 9.1 15.a. above, no Mortgagee shall have any obligation or duty under this Development Agreement to perform Developer’s obligations construct or other affirmative covenants complete the construction of Developer hereunderimprovements, or to guarantee such construction or completion; provided, however, that a Mortgagee shall not be entitled to devote the Property to any uses or use except in full compliance with the Project Approvals nor to construct any improvements thereon or institute any uses other than those uses or improvements provided for or authorized by this the Development Agreement, or by otherwise under the Existing Approvals and Applicable RulesProject Approvals.

Appears in 1 contract

Samples: Development Agreement

AutoNDA by SimpleDocs

Mortgagee Not Obligated. Notwithstanding the provisions of Section 9.1 5.1 above, no Mortgagee shall have any obligation or duty under this Development Agreement to perform Developer’s obligations or other affirmative covenants of Developer hereunder, ; provided, however, that a Mortgagee shall not be entitled to devote the Property Project Site to any uses or to construct any improvements thereon other than those uses or improvements provided for or authorized by this Development Agreement, or by the Existing Project Approvals and Applicable RulesLaw.

Appears in 1 contract

Samples: Development Agreement

Mortgagee Not Obligated. Notwithstanding the provisions of Section 9.1 8.1 above, no Mortgagee shall have any obligation or duty under this Development Agreement to perform Developer’s obligations or other affirmative covenants of Developer hereunder, ; provided, however, that a Mortgagee shall not be entitled to devote the Property to any uses or to construct any improvements thereon other than those uses or improvements provided for or authorized by this Development Agreement, or by the Existing Project Approvals and Applicable Rules.

Appears in 1 contract

Samples: Development Agreement

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