Common use of Condition Survey Clause in Contracts

Condition Survey. i) The Developer agrees that on the service of a Termination Notice, it shall conduct or cause to be conducted under the supervision of an Registered Valuer (Expert) to be appointed by NRDA, a condition survey of the project including the NRDA's Assets to ascertain the condition thereof, verifying compliance with the Developer's obligations under this Agreement and to prepare an inventory of the assets comprised in the Project. ii) In the event the Developer fails to comply with the provisions of this Agreement, the NRDA may itself cause the condition survey and inventory of NRDA's Assets and the Project to be conducted through the Expert. The NRDA shall be compensated by the Developer for any costs incurred in conduction such survey and preparation of inventory as also in putting the Project in good working condition iii) If, as a result of the condition survey, the Expert shall observe/notice that the NRDA's Assets and/or the Project or any part thereof have/has not been constructed as reported by the Developer, the Developer shall, at its cost and expenses, shall construct the work as reported to be done.

Condition Survey. i) The Developer Lessee agrees that on the service of a Termination Notice, it shall conduct or cause to be conducted under the supervision of an Registered Valuer (Expert) to be appointed by NRDA, a condition survey of the project including the NRDA's Assets to ascertain the condition thereof, verifying compliance with the DeveloperLessee's obligations under this Agreement and to prepare an inventory of the assets comprised in the Project. ii) In the event the Developer Lessee fails to comply with the provisions of this Agreement, the NRDA may itself cause the condition survey and inventory of NRDA's Assets and the Project to be conducted through the Expert. The NRDA shall be compensated by the Developer Lessee for any costs incurred in conduction such survey and preparation of inventory as also in putting the Project in good working condition iii) If, as a result of the condition survey, the Expert shall observe/notice that the NRDA's Assets and/or the Project or any part thereof have/has not been constructed as reported by the DeveloperLessee, the Developer Lessee shall, at its cost and expenses, shall construct the work as reported to be done.

Condition Survey. i) i. The Developer agrees that on the service of a Termination Notice, it shall conduct or cause to be conducted under the supervision of an Registered Valuer (Expert) to be appointed by NRDANRANVP, a condition survey of the project including the NRDANRANVP's Assets to ascertain the condition thereof, verifying compliance with the Developer's ’s obligations under this Agreement and to prepare an inventory of the assets comprised in the Project. ii) . In the event the Developer fails to comply with the provisions of this Agreement, the NRDA NRANVP may itself cause the condition survey and inventory of NRDANRANVP's Assets and the Project to be conducted through the Expert. The NRDA NRANVP shall be compensated by the Developer for any costs incurred in conduction such survey and preparation of inventory as also in putting the Project in good working condition iii) . If, as a result of the condition survey, the Expert shall observe/notice that the NRDANRANVP's Assets and/or the Project or any part thereof have/has not been constructed as reported by the Developer, the Developer shall, at its cost and expenses, shall construct the work as reported to be done.