Common use of PERFORMANCE UNDER DEVELOPMENT AGREEMENTS Clause in Contracts

PERFORMANCE UNDER DEVELOPMENT AGREEMENTS. To the best of the Borrower’s knowledge, all of the obligations of the owner of the Real Property due under the Development Agreements have been fully, timely and completely performed and such performance has been accepted by the related governmental agency or utility company, and no Governmental Authority has alleged that any default exists under any of the Development Agreements.

PERFORMANCE UNDER DEVELOPMENT AGREEMENTS. To the best of the Borrower’s knowledge, all of the obligations of the owner of the Real Property due under the Development Agreements have been fully, timely and completely performed to the extent required thereunder and such performance has been accepted by the related governmental agency or utility company, and Borrower has received no notice by any Governmental Authority has alleged that any default exists under any of the Development Agreements.

PERFORMANCE UNDER DEVELOPMENT AGREEMENTS. To the best of the Borrower’s knowledge, all All of the obligations of the owner of the Real Property due under the Development Agreements have been fully, timely and completely performed and such performance has been accepted by the related governmental agency or utility company, and no Governmental Authority has alleged that any default exists under any of the Development Agreements.

PERFORMANCE UNDER DEVELOPMENT AGREEMENTS. To the best of the Borrower’s knowledge, all of the obligations of the owner of the Real Property due under the Development Agreements have been fully, timely and completely performed and such performance has been accepted by the related governmental agency or utility company, and no Governmental Authority has alleged that any default exists under any of the Development Agreements.