Approving Authorities definition
Examples of Approving Authorities in a sentence
Except as provided in Section 2.5.2 below, upon Completion of the Work, Contractor shall also provide to all Approving Authorities all warranties, bonds and other financial assurances required to obtain final acceptance and approval of the Work.
Builder shall, at its expense, comply with all existing and future laws, codes, ordinances, orders, rules, regulations and requirements of all Approving Authorities pertaining to each Property and Builder’s activities relating thereto, including any and all environmental laws.
For purposes of this Section 2.5.2, the term the “Performance Bonds” means: (a) those bonds posted by Contractor or Builder with the City, the County or the Approving Authorities (as defined below) to complete the Work; and (b) all warranties, bonds and other financial assurances required to obtain final acceptance and approval of the Work.
To the extent permitted by the Approving Authorities, Contractor shall be entitled to seek reductions and releases of any bonds or other Financial Assurances posted by Contractor with respect to the Work, and Owner shall cooperate with Contractor, as reasonably requested by Contractor, but at no third-party cost or liability to Owner, in obtaining such reductions and releases.
Upon commencing any grading, site preparation or construction on any Inventory Homesites, Builder shall be deemed to represent and warrant to Owner that: (i) all insurance to be maintained in compliance with the insurance requirements of Exhibit “F” of this Agreement is in place; and (ii) Builder has obtained all necessary agreements, licenses, permits and approvals from all applicable Approving Authorities.
The Approving Authorities may require a warranty period after the Substantial Completion of the Improvements (a “Government Warranty Period”).
Cancellation on the present Letter of Agreement by mutual agreement of the respective Approving Authorities may take place at any time.
All regulatory approvals from the Approving Authorities necessary or appropriate to consummate the P&A Transaction have been obtained and remain in full force and effect and all applicable waiting periods have expired.
Developer shall cause the applicable Improvements to be constructed in accordance with the Construction Standard and shall obtain preliminary and final acceptance thereof by all Approving Authorities.
Builder shall install all Tree Lawns on or adjacent to its Builder Lots in accordance with all applicable Plans, requirements, regulations, laws, development codes and building codes of all Approving Authorities and such Tree Lawns shall not be considered part of the Improvements.