Release of Construction Covenants. a. Promptly after Completion, and upon Owner’s written request, the Agency shall deliver to Owner a Release of Construction Covenants. The Agency shall not unreasonably withhold any such Release of Construction Covenants. Such Release of Construction Covenants shall be, and shall so state, conclusive determination of satisfactory completion of the development and construction of the Leasehold Improvements required by this Agreement.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement, Owner Participation Agreement
Release of Construction Covenants. a. Promptly after CompletionCompletion of the Improvements as required by this Agreement, and upon Owner’s written request, the Agency shall deliver to Owner the Developer a Release of Construction Covenants, upon written request from the Developer. The Agency shall not unreasonably withhold any such Release of Construction Covenants. Such Release of Construction Covenants shall be, and shall so state, conclusive determination of satisfactory completion of the development and construction of the Leasehold Improvements required by this Agreementcovenants herein.
Appears in 2 contracts
Samples: Disposition and Development Agreement, Disposition and Development Agreement
Release of Construction Covenants. a. Promptly after CompletionCompletion of the Project as required by this Agreement, and upon Owner’s written request, the Agency shall deliver to Owner Developer a Release of Construction Covenants, upon written request therefor by Developer. The Agency shall not unreasonably withhold any such Release of Construction Covenants. Such Release of Construction Covenants shall be, and shall so state, conclusive determination of satisfactory completion of the development and construction Scope of the Leasehold Improvements Development (Attachment No. 3) required by this Agreement and the release of Developer’s construction obligations under this Agreement.
Appears in 2 contracts
Samples: Disposition and Development Agreement, Disposition and Development Agreement