Owner Not Bound to Pursue the Design-Builder Sample Clauses

Owner Not Bound to Pursue the Design-Builder. Owner shall not be bound or obliged to take any action or legal proceeding against or demand payment from or otherwise exhaust its recourse against the Design-Builder or others or any security (including any letter of credit, performance bond or labour and materials payment bond) or other guarantees it may at any time hold before being entitled to performance of or payment of the Liabilities from the Guarantor, and the Guarantor renounces all benefits of discussion and division. It shall not be a requirement of this Guarantee that the Design-Builder be joined as a party to any proceeding for the enforcement of any provision of this Guarantee and Owner shall have the right to enforce the provisions of this Guarantee whether or not legal proceedings are brought against the Design-Builder or such proceedings are pending or stayed if commenced.
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Related to Owner Not Bound to Pursue the Design-Builder

  • Notice to Proceed - Site Improvements The Recipient shall not commence, or cause to be commenced, any site improvements or other work on the Land until the Director has issued a Notice to Proceed to the Recipient. Such Notice to Proceed will not be issued until the Director is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and has completed any land acquisition required by the Project. A Notice to Proceed shall be required for all Project prime contractors or direct procurement initiated by the Recipient following execution of this Agreement.

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