Common use of Nature of Performance Clause in Contracts

Nature of Performance. During the existence of the joint venture the partners shall be solely responsible for performing the following duties: (A) The first party shall contribute all monies needed to purchase, repair, maintain, advertise, market and any other expenses as well as mortgage payments that become due during the period of ownership of the subject property as well as qualifying for any necessary financing. (B) The second party shall be solely responsible for the day to day management maintenance, renovation and marketing of the subject property for resale, thereby protecting the investment for both parties. The second party my make, at his sole option and expense, make alterations and improvements to the property as in her discretion are necessary and advisable.

Nature of Performance. During the existence of the joint venture partnership, the partners shall be solely responsible for performing the following duties: (Aa) The first party First Party shall contribute all monies money needed to purchase, repair, maintain, advertise, market and any other expenses expenses, as well as any mortgage payments that become due during the period of ownership of the subject property as well as qualifying for any necessary financing. (Bb) The second party Second Party shall be solely responsible for the day to day management maintenancemanagement, maintenance renovation and & marketing of the subject property for resale, thereby protecting the investment for both of the parties. The second party my makeSecond Party may, at his sole option and expense, make alterations and improvements to the property property, as in her discretion his discretion, are necessary and advisable.

Nature of Performance. During the existence of the joint venture the partners shall be solely responsible for performing the following duties: (A) The first party shall not contribute all any monies needed to purchase, repair, maintain, advertise, market and any other expenses as well as except for mortgage payments that become due during the period of ownership of the subject property as well as qualifying for any necessary the first six months of which will be paid upfront front the proceeds of the loan financing. (B) The second party shall be solely responsible for the day to day management maintenance, renovation and marketing of the subject property for resale, thereby protecting the investment for both parties. The second party my make, at his sole option and expense, make alterations and improvements to the property as in her discretion are necessary and advisable.

Nature of Performance. During the existence of the joint venture the partners shall be solely responsible for performing the following duties: (A) The first party shall contribute all monies needed <<$ AMOUNT>> to purchase, repair, maintain, advertise, market and any other expenses as well as mortgage payments that become due during the period of ownership of the subject property as well as qualifying for any necessary financing. (B) The second party shall be solely responsible for the day to day management maintenance, renovation and marketing of the subject property for resale, thereby protecting the investment for both parties. The second party my may make, at his sole option and expense, make alterations and improvements to the property as in her discretion are necessary and advisable.