Redevelopment Wind-Down Sample Clauses

Redevelopment Wind-Down. The redevelopment phase shall be deemed complete (Redevelopment Completion) upon: i) the final completion of all construction; ii) the issuance of certificates of occupancy for the Property by building authorities; iii) the final payment and settlement of all claims associated with the construction; iv) conveyance of the deed to UDB as specified in Section 4(c); and v) enactment of the condominium Declaration and final plat specifying any prospective requirements for management of common elements. When that stage is complete the Parties shall execute resolutions terminating this Agreement; however it is expressly understood that the subsequently enacted Declaration shall survive termination of this Agreement. The initial target date for the Redevelopment Completion is December 31, 2022.
Sample 1
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