Common use of OVERSIZING AND SHARING OF SERVICING COSTS Clause in Contracts

OVERSIZING AND SHARING OF SERVICING COSTS. 17.1 The Developer recognizes and agrees that the Development within the Development Area will benefit from the oversizing or construction of Local Improvements which have been or will be constructed by parties other than the Developer in areas adjacent to the Development Area and other benefiting areas. Therefore, the Developer agrees that it shall pay its proportionate share of such other Local Improvements as determined in the discretion of the Municipality. Unless otherwise specifically provided within Schedule "E" attached to this Agreement, the Developer’s proportionate share of existing or currently contemplated oversizing will be calculated and paid either:

OVERSIZING AND SHARING OF SERVICING COSTS. 17.1 16.1 The Developer recognizes and agrees that the Development within the Development Area will benefit from the oversizing or construction of Local Municipal Improvements which have been or will be constructed by parties other than the Developer in areas adjacent to the Development Area and other benefiting areas. Therefore, and therefore, the Developer agrees that it shall bear and pay its proportionate share of such other Local Municipal Improvements as determined in the discretion of the Municipality. Unless otherwise specifically provided within Schedule "E" attached to this Agreement, the Developer’s proportionate share of existing or currently contemplated oversizing will be calculated and paid either:Town.