Remaining Work definition
Examples of Remaining Work in a sentence
Prior to assuming such responsibility, Purchaser shall provide no less than thirty (30) days’ notice to Seller (the “Work Assumption Notice”) setting forth (a) the specific tasks that Purchaser believes remain to be accomplished in order to obtain the ▇▇▇ (the “Remaining Work”), (b) a proposed schedule to accomplish the Remaining Work, (c) a cost estimate for the Remaining Work; and (d) the identity of the environmental consulting firm and LSRP selected by Purchaser to undertake the Remaining Work.
No later than ten (10) days following satisfaction of the conditions set out in Part 1 (Conditions Precedent to NTP1) of Schedule 20 (Conditions Precedent to Notices to Proceed), the Department shall issue a notice (NTP2) to the Development Entity authorizing commencement of the Remaining Work.
Notwithstanding anything herein, Purchaser’s assumption of the Remaining Work shall not negate Seller’s covenant to remain responsible for all costs related to Seller’s Post-Closing Environmental Obligations.
Upon completion of the Remaining Work, Purchaser shall obtain and deliver to Seller a true and correct copy of the Required ▇▇▇ and the Post-▇▇▇ Cost Estimate.
To the extent the Punch List does not address the top coat (the “Top Coat”) of asphalt of various sections within Bridgemore Subdivision, the Top Coat shall be included in the definition of Remaining Work.
Nothing herein shall prohibit Seller from curing any default prior to Purchaser’s assumption of the Remaining Work as aforesaid; it being agreed that the arbitration procedure set forth in this Paragraph relates only to Purchaser’s contention that Seller is in breach of its obligations under Section 3 hereof or Seller’s dispute of Purchaser’s proposed plan to undertake the Remaining Work.
Developer admits that it has not completed the Remaining Work within the time permitted in the Agreements and/or the Land Development Ordinance.
In the event that Seller disputes Purchaser’s contention that Seller is in breach of Seller’s obligations under Section 3 hereof, or disputes the Purchaser’s proposed plan to undertake the Remaining Work, Seller may, within ten (10) days after delivery of the Work Assumption Notice, notify Purchaser in good faith that it disputes Purchaser’s right to do so.
In no event shall the SI have more than ninety (90) calendar days from the issuance of the Beneficial Use Certificate to satisfactorily complete all BU Remaining Work.
However, as Developer and Town have agreed on the Remaining Work to be completed (per the Punch List), and the time by which the Remaining Work must be completed, and without waiving any right or remedy Town may have against Developer pursuant to Land Development Ordinance, Town agrees to forbear from calling the sureties and retaining a contractor to complete the Remaining Work, so long as developer satisfies its obligations herein.