Obligations of the Developer. In addition to and not in derogation or substitution of any of its other obligations under this Agreement, the Developer shall have the following obligations:
Obligations of the Developer. 5.1.1 Subject to and on the terms and conditions of this Agreement, the Developer shall at its own cost and expense;
Obligations of the Developer. The Developer must:
Obligations of the Developer. A. [Sec. 300] Improvements. The Developer shall develop the Property in accordance with and subject to the terms and conditions of this Agreement, the Project Approvals and the subsequent discretionary approvals referred to in Section 202, if any, and any amendments to the Project Approvals or this Agreement as, from time to time, may be approved pursuant to this Agreement. The failure of the Developer to comply with any term or condition of or fulfill any obligation of the Developer under this Agreement, the Project Approvals or the subsequent discretionary approvals or any amendments to the Project Approvals or this Agreement as may have been approved pursuant to this Agreement, shall constitute a default by the Developer under this Agreement. Any such default shall be subject to cure by the Developer as set forth in Article 4 hereof.
Obligations of the Developer. 4.1 The Developer must complete the Project, for which they are receiving the Grant as outlined under Section 2.3.
Obligations of the Developer. (a) Subject to and on the terms and conditions of this Agreement, the Developer shall, at its own cost and expense, procure finance for and undertake the design, engineering, procurement, construct, development and Construction and Development of the Project Assets as applicable and observe, fulfill, comply with and perform all its obligations set out in this Agreement or arising hereunder.
Obligations of the Developer. 5.1 The Developer covenants to observe and perform or cause to be observed and performed the obligations contained in the Schedules to this Agreement at the times and in the manner provided therein.
Obligations of the Developer. In addition to and not in derogation or substitution of any of its other obligations under this Agreement, the Developer shall have the following obligations: Performance Security The Developer shall, for due and punctual performance of its obligations relating to the Project, should submit to the Authority a demand draft from a scheduled bank acceptable to the Authority for an amount equal to the Annual Fee payable for the year subsequent to such submission (the “Performance Security”). The first of such Performance Security has been submitted prior to signing of this Agreement for a sum of Rs. /- (Rupees only). The Performance Security shall be kept valid throughout the Agreement Period and the Developer shall ensure that the amount of Performance Security submitted is equal to the Annual Fee payable for the subsequent year of such submission. The Authority shall not be liable to pay any interest on the Performance Security and the same shall be interest free. In case of Developer’s Event of Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as damages for such Developer default. Upon such encashment and appropriation from the Performance Security, the Developer’s shall, within 30 (thirty) days thereof, replenish, in case of partial appropriation, to its original level of the Performance Security, and in case of appropriation of the entire Performance Security provide a fresh Performance Security, as the case may be, and the Developer shall, within the time so granted, replenish or furnish fresh Performance Security as aforesaid failing which the Authority shall be entitled to terminate this Agreement in accordance with Article 9 -.
Obligations of the Developer. 6.2.1 The Developer must, within 10 Business Days of execution of this Agreement:
Obligations of the Developer. Section 4.01 Construction of Project Developer will acquire land and construct an 11,000.00 square foot commercial building and associated improvements, as described in Exhibit B. Improvements in excess of $480,000.00 will be constructed upon the property within 24 months of taking possession, and that such improvements are a material element of this Agreement. The Developer shall be solely responsible for obtaining all permits and approvals necessary to acquire, construct and equip the Project. Until construction of the Project has been completed, the Developer shall make reports in such detail and at such times as may be reasonably requested by the Agency (not to exceed one report per month) as to the actual progress of the Developer with respect to construction of the Project. Promptly after completion by the Developer of the Project, the Developer shall furnish to the Agency a certificate of completion. The certification by the Developer shall be a conclusive determination of satisfaction of the agreements and covenants in this Redevelopment Contract with respect to the obligations of the Developer and its successors and assigns to construct the Project. As used herein, the term "completion" shall mean substantial completion of the Project.
