Common use of Qualified Expenditures Clause in Contracts

Qualified Expenditures. Developer covenants and agrees to commence construction of the Qualified Expenditures within 120 days of the EDC’s completion of the road and utilities leading to the Property. Further, Developer covenants and agrees to complete construction of an office and retail building within twelve (12) months of the City of Xxxxxx’x completion of the road and utilities leading to the Property.

Qualified Expenditures. Developer covenants and agrees to commence construction of the Qualified Expenditures within 120 days of the EDC’s completion of the road and utilities leading to the Property. Further, Developer covenants and agrees to complete construction of an office and retail building within twelve (12) months of the City of Xxxxxx’x Sweeny’s completion of the road and utilities leading to the Property.

Qualified Expenditures. Developer covenants and agrees to commence construction of the Qualified Expenditures within 120 days of the EDC’s completion of the road and utilities leading to the Property. Further, Developer covenants and agrees to complete construction of an office and retail building the Trilogy Resources manufacturing facility within twelve (12) months of the City of Xxxxxx’x completion of the road and utilities leading to the Property.