Common use of Notice of Expiration Clause in Contracts

Notice of Expiration. The Financial Security Instrument shall require the issuer to provide written notice of the expiration of any Financial Security Instrument not less than sixty (60) days before its expiration by sending written notice to the Village. The Financial Security Instrument shall be renewed at least thirty (30) days before its expiration date, or any renewal date, until the completion of the Improvement guarantee period.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

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Notice of Expiration. The Financial Security Instrument Developer shall require the issuer to provide written notice of the expiration of any Financial Security Instrument or replacement Financial Security Instrument provided for herein not less than sixty (60) 60 days before its expiration by sending written notice to the Village. The Financial Security Instrument shall be renewed at least thirty (30) 30 days before its expiration date, or any renewal date, until the completion of the Public Improvement guarantee periodperiod described in Paragraph C.2. above.

Appears in 1 contract

Samples: Development Agreement

Notice of Expiration. The Financial Security Instrument shall require the issuer to provide written notice of the expiration of any Financial Security Instrument not less than sixty (60) days before its expiration by sending written notice to the Village. The Financial Security Instrument shall be renewed at least thirty (30) days before its expiration date, or any renewal date, until the completion of the Public Improvement guarantee periodGuarantee Period.

Appears in 1 contract

Samples: Development Agreement

Notice of Expiration. The Financial Security Instrument shall require include a provision requiring the issuer to provide written notice of the expiration of any Financial Security Instrument or replacement Financial Security Instrument provided for herein not less than sixty (60) days 60 days, but no more than 120 days, before its expiration by sending written notice to the Village. The Developer shall renew the Financial Security Instrument shall be renewed at least thirty (30) 30 days before its expiration date, or any renewal date, until the completion of the Public Improvement guarantee period. If the Financial Security Instrument is not renewed 30 days before its expiration date, the Village may draw upon the entire Financial Security Instrument.

Appears in 1 contract

Samples: Development Agreement

Notice of Expiration. The Financial Security Instrument shall require the issuer to provide written notice of the expiration of any Financial Security Instrument not less than sixty (60) days before its expiration by sending written notice to the Village. The Financial Security Instrument shall be renewed at least thirty (30) days before its expiration date, or any renewal date, until the completion of the Improvement guarantee periodGuarantee Period.

Appears in 1 contract

Samples: Development Agreement

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Notice of Expiration. The Financial Security Instrument Developer shall require the issuer to provide written notice of the expiration of any Financial Security Instrument or replacement Financial Security Instrument provided for herein not less than sixty (60) 60 days before its expiration by sending written notice to the Village. The Financial Security Instrument shall be renewed at least thirty (30) 30 days before its expiration date, or any renewal date, until the completion of the Improvement guarantee periodPublic Improvements. If the Financial Security Instrument is not renewed 30 days before its expiration date, the Village may draw upon the entire Financial Security Instrument.

Appears in 1 contract

Samples: Development Agreement

Notice of Expiration. The Financial Security Instrument Developer shall require the issuer to provide written notice of the expiration of any Financial Security Instrument or replacement Financial Security Instrument provided for herein not less than sixty (60) 60 days before its expiration by sending written notice to the Village. The Financial Security Instrument shall be renewed at least thirty (30) 30 days before its expiration date, or any renewal date, until the completion of the Public Improvement guarantee period.

Appears in 1 contract

Samples: Development Agreement

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