Security for Improvements Sample Clauses

Security for Improvements. The Developer’s obligation to construct Improvements depicted within the Approved Plans shall be secured by a Performance and Warranty Guarantee. A. The Developer shall obtain a Performance Guarantee which shall be furnished to the City prior to the issuance of any construction permit. The type of Performance Guarantee chosen by the Developer shall be in accordance with all applicable provisions of the Standards and Specifications, the Code, and as required by Section 3.00 herein, except as provided in Section 5.06 of this Agreement. In addition, any Improvements within existing improved rights-of-way require a security deposit in the form of a letter of credit in the amount of one hundred percent (100%) of the estimated cost for such improvements as identified in the Cost Estimate and in accordance with Section 2- 272(f)(3)(a) of the Code. B. The entity issuing the Performance and Warranty Guarantee shall have at least an "A" rating from Xxxxx'x, or an equivalent rating as designated by a nationally recognized ratings firm, and be included in the most recent listing of companies holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies, Department of Treasury, Circular 570. C. If, at any time prior to the City’s acceptance of the Public Improvements, the Performance Guarantee expires or the entity issuing the Performance Guarantee fails to meet the requirements of this Section 4.04, or the estimated construction costs of the Improvements are reasonably determined by the City to be greater than the amount of the Performance Guarantee provided, then the City shall furnish the Developer with written notice of such condition, and within twenty (20) calendar days of the date of such notice the Developer shall provide the City with a substitute Performance Guarantee, or increase the Performance Guarantee to achieve one hundred percent (100%) of the estimated construction cost of Improvements other than Landscaping Improvements, which shall be secured at one hundred fifty percent (150%) of the estimated costs as set forth in Section 5.06. If such Performance Guarantee is not furnished, as set forth herein, the City reserves the right to issue a stop work order as defined in the Standards and Specifications, and may declare the Developer in default of this Agreement in accordance with Section 15.00. D. The Developer providing the Performance Guarantee shall have no direct or indirect ownership interest in or ...
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Security for Improvements. The Developer’s obligation to construct Improvements depicted within the Approved Plans shall be secured by a Performance and Warranty Guarantee at such time and in amounts as required by the Standards and Specifications as identified herein. A. The Developer shall obtain a Performance Guarantee which shall be furnished to the City prior to the issuance of any construction permit. The type of Performance Guarantee chosen by the Developer shall be in accordance with all applicable provisions of the Standards and Specifications, the Code, and as required by Section 3.00 herein, except as provided in Section 5.06 of this Agreement. In addition, any Improvements within existing improved rights-of-way require a security deposit in the form of a letter of credit in the amount of one hundred percent (100%) of the estimated cost for such improvements as identified in the Cost Estimate and in accordance with Section 2- 272(f)(3)(a) of the Code. B. The entity issuing the Performance and Warranty Guarantee shall have at least an "A" rating from Xxxxx'x, or an equivalent rating as designated by a nationally recognized ratings firm, and be included in the most recent listing of companies holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies, Department of Treasury, Circular 570. C. If, at any time prior to the City’s acceptance of the Public Improvements, the Performance Guarantee expires or the entity issuing the Performance Guarantee fails to meet the requirements of this Section 4.04, or the estimated construction costs of the Improvements are reasonably determined by the City to be greater than the amount of the Performance Guarantee provided, then the City shall furnish the Developer with written notice of such condition, and within twenty (20) calendar days of the date of such notice the Developer shall provide the City with a substitute Performance Guarantee, or increase the Performance Guarantee to achieve one hundred percent (100%) of the estimated construction cost of Improvements other than Landscaping Improvements, which shall be secured at one hundred fifty percent (150%) of the estimated costs as set forth in Section 5.06. If such Performance Guarantee is not furnished, as set forth herein, the City reserves the right to issue a stop work order as defined in the Standards and Specifications, and may declare the Developer in default of this Agreement in accordance with Section 15.00. D. The Develop...
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Security for Improvements. Simultaneously with the execution of this Tenant will deliver a bank irrevocable demand letter of credit ("LC") in favor of Landlord as beneficiary thereunder in the original amount of Fifty Thousand ($50,000.00)
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Security for Improvements. The CITY agrees that upon receipt of the secwity described in Paragraph VII it will issue building permits (upon payment of permit fees, public utility inspection fees of 0.75 of estimated construction costs aThd satisfaction of City code requirements) for Superwash. If the DEVELOPER fails to complete construction of all of the improvements, within ninety (90) calendar days of issuance of the building permit, the CITY may attach the security and cause the improvements to be made. Any engineering or construction costs in excess of the security shall be bomc by the DEVELOPER. Any additional construction services shall be let by bid, and sub ect the laws of the State of Idaho relative to the letting of such bids.
Sample 1
Security for Improvements. If the Improvements have not been accomplished to the City Engineer’s satisfaction by the Improvements Deadline, DEVELOPER shall post security to assure completion of the Improvements in an amount and form acceptable to the City Attorney and City Public Works Director within 30 days of the Improvements Deadline.
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Security for Improvements. For all Improvements to be constructed on the Premises, Lessee shall provide the security described in Schedule 1 in order to assure that persons who provide labor, services or materials to the Premises are paid and prevent the assertion of claims against Lessor or liens against the Premises.
Sample 1
Security for Improvements. A. In order to ensure the timely completion of the installation and construction of the Improvements to the City’s satisfaction, Developer shall provide the City with security in an amount equal to one hundred fifteen percent (115%) of the total estimated costs to install and construct the Improvements, by phase in accordance with the Phasing Plan, as set forth in the ECE (“Security”). B. Security shall be in the form of a cash deposit or irrevocable letter of credit (“Letter of Credit”). A Letter of Credit shall be issued by a Colorado bank or, if approved by the City, a financial institution registered to do business in the State of Colorado and in good standing with the Colorado Secretary of State. A Letter of Credit shall be in substantially the same form as the form attached hereto as Exhibit E, unless an alternative form is approved by the City Attorney. If a Letter of Credit is set to expire and an acceptable replacement form of Security has not been provided to the City on or before fourteen (14) days prior to the expiration date of the Letter of Credit, the City, in its sole discretion, may draw on the Letter of Credit and either hold such funds as security for Developer’s performance of its obligations under this Agreement or spend such funds to complete the construction and installation of the Improvements. C. In accordance with the Lone Tree Code, Security shall be provided to the City prior to and as a condition of recordation of the Final Plat.‌ D. Security shall be maintained in the amounts required by this Agreement through Final Acceptance (defined in Section VII.E below) by the City of the Improvements. E. If at any time prior to Final Acceptance the City determines that the amount of Security is not sufficient to cover the costs of the installation and construction of the Improvements, Developer shall be required to immediately provide additional or supplemental Security in an amount deemed sufficient by the City.
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Security for Improvements 
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Related to Security for Improvements

  • Payment for Improvements If payment is made directly to contractors, Tenant shall (i) comply with Landlord's requirements for final lien releases and waivers in connection with Tenant's payment for work to contractors, and (ii) sign Landlord's standard contractor's rules and regulations. If Tenant orders any work directly from Landlord, Tenant shall pay to Landlord an amount equal to five percent of the cost of such work to compensate Landlord for all overhead, general conditions, fees and other costs and expenses arising from Landlord's involvement with such work. If Tenant does not order any work directly from Landlord, Tenant shall reimburse Landlord for Landlord's reasonable, actual, out-of-pocket costs and expenses actually incurred in connection with Landlord's review of such work.

  • Existing Improvements All improvements located on the Site as of the date of execution of the Construction Contract, whether above or below the surface of the ground, including but not limited to existing buildings, utilities, infrastructure improvements and other facilities.

  • ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.

  • Public Improvements To the best knowledge of the Transferor Partnership, there are no written or proposed plans to widen, modify, or realign any street or highway or any existing or proposed eminent domain proceedings which would affect the Property in any way whatsoever. To the best knowledge of the Transferor Partnership, there are no presently planned public improvements which would result in the creation of a special improvement or similar lien upon the Property.

  • Preservation, Maintenance, and Protection of the Property Inspections. Borrower will not destroy, damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower must maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless Lender determines pursuant to Section 5 that repair or restoration is not economically feasible, Borrower will promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid to Lender in connection with damage to, or the taking of, the Property, Borrower will be responsible for repairing or restoring the Property only if Xxxxxx has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the Property, or payable jointly to both. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower remains obligated to complete such repair or restoration. Lender may make reasonable entries upon and inspections of the Property. If Lender has reasonable cause, Xxxxxx may inspect the interior of the improvements on the Property. Lender will give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause.

  • Removal of Improvements Grantor shall not demolish or remove any Improvements from the Real Property without Lender's prior written consent. As a condition to the removal of any Improvements, Lender may require Grantor to make arrangements satisfactory to Lender to replace such Improvements with Improvements of at least equal value.

  • Tenant's Improvements If the Lessor is the Insuring Party, the Lessor shall not be required to insure Lessee Owned Alterations and Utility Installations unless the item in question has become the property of Lessor under the terms of this Lease. If Lessee is the Insuring Party, the policy carried by Lessee under this Paragraph 8.3 shall insure Lessee Owned Alterations and Utility Installations.

  • Title to Improvements Any improvements, developments, adaptations and/or modifications to the Foreground Intellectual Property, and any and all new inventions or discoveries, based on or resulting from the use of Transnet’s Background Intellectual Property and/or Confidential Information shall be exclusively owned by Transnet. The Supplier/Service Provider shall disclose promptly to Transnet all such improvements, developments, adaptations and/or modifications, inventions or discoveries. The Supplier/Service Provider hereby undertakes to sign all documents and do all things as may be necessary to effect, record and perfect the assignment of such improvements, developments, adaptations and/or modifications, inventions or discoveries to Transnet and the Supplier/Service Provider shall reasonably assist Transnet in attaining, maintaining or documenting ownership and/or protection of the improved Foreground Intellectual Property.

  • Disbursements for Site Improvements All payments made by the OPWC for site improvements or other work shall be made directly to the Contractor that performed the work and originated the invoice, unless the request is for disbursement to the Recipient.

  • Lessee Improvements Lessee shall prepare final plans and ------------------- specifications for construction of the Lessee Improvements desired by Lessee and shall deliver to Lessor by July 1, 1999, two (2) copies of such plans and specifications and the names of two proposed contractors to construct the Lessee Improvements for Lessor approval. Lessor will promptly either approve of the plans and specifications and the contractors, or communicate its objections, and if Lessor has objections, the Lessor will work diligently with Lessee to resolve any objections such that approval of the plans and specifications and names of contractors is given within fifteen (15) days of receipt. Lessor shall be deemed to have approved the plans and specifications and the contractors unless Lessor shall have provided written notice to Lessee of Lessor's objections thereto within fourteen (14) days following the delivery thereof by Lessee to Lessor. The Lessor approved final plans and specifications for the Lessee Improvements are herein called the "Lessee Improvements Final Plans and Specifications". All reasonable costs involved in approving, drafting and preparing the Lessee Improvements Final Plans and Specifications shall be charged against the Improvement Allowance described below. Lessor shall apply for building permits to construct the Lessee Improvements and will submit bid requests to the two contractors selected by Lessee and the contractor for the Shell Building Improvements no later than two (2) days following approval of the Lessee Improvements Final Plans and Specifications. Contractors will be required to submit their bids no later than thirty (30) days following receipt of the bid request. Lessee shall have fifteen (15) days from receipt of all bids to select the contractor for the Lessee Improvements. Except for immaterial field changes, modifications to the Lessee Improvements Final Plans and Specifications must be made and accepted only by written change order or agreement signed by Lessor and Lessee and will constitute an amendment to this Lease. Lessee shall be responsible for payment in advance of all work and construction resulting from changes in the Lessee Improvements Final Plans and Specifications requested by Lessee if the additional cost attributable to the changes exceed the Improvement Allowance by more than $3.00 as described in subparagraph (c) below. The Lessee Improvements Final Plans and Specifications (when approved by Lessor and Lessee) are incorporated in this Lease by reference. For the purpose of this Section, an "immaterial field change" shall mean such field changes which are required by any governmental authority or changes which (i) do not affect the size, configuration, structural integrity, quality, character, architectural appearance and standard of workmanship contemplated in the Lessee Improvements Final Plans and Specifications, (ii) will not result in any default in any obligation to any person or violation of any governmental requirements, and (iii) the cost of or reduction resulting from any single field change or extra does not exceed $5,000.00.

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