Common use of Obligation of City Clause in Contracts

Obligation of City. Neither the City nor the CFD has a legal or financial obligation to construct the Acquisition Improvements. All costs incurred for actual construction of the Acquisition Improvements, including all incidentals thereto, shall be borne by Developer, and the obligations of the City and CFD are limited to the acquisition of the Acquisition Improvements pursuant to the provisions of this Agreement.

Appears in 3 contracts

Samples: Acquisition Financing Agreement, Financing Agreement, Financing Agreement

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Obligation of City. Neither the City nor the CFD No. 16-I has a legal or financial obligation to construct the Acquisition Improvements. All costs incurred for actual construction of the Acquisition Improvements, including all incidentals thereto, shall be borne by DeveloperOwner, and the obligations of the City and CFD No. 16-I are limited to the acquisition of the Acquisition Improvements pursuant to the provisions of this Agreement.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement

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