Conditions to Developer Obligations Clause Samples

The "Conditions to Developer Obligations" clause defines the specific requirements or events that must be satisfied before the developer is required to perform their contractual duties. Typically, this clause outlines prerequisites such as obtaining necessary permits, receiving payments, or the completion of certain preliminary tasks by the other party. By clearly stating these conditions, the clause ensures that the developer is not held responsible for delays or failures that are outside their control, thereby allocating risk and establishing a fair sequence of responsibilities.
Conditions to Developer Obligations. The obligations of Developer with respect to this Agreement are subject to the satisfaction or waiver in writing, of the following prior to the applicable period specified in this Section:
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Conditions to Developer Obligations. The obligations of Developer with respect to the Closing are subject to the satisfaction or waiver in writing, of the following prior to the applicable period specified in this Section: Title. Prior to the expiration of the Diligence Period, Developer shall have obtained the Commitment with respect to the City Land. Survey. Prior to expiration of the Diligence Period, Developer shall have obtained the Survey. Title Conditions. Prior to Closing and after the City’s vacation of the ROW To-Be-Vacated, Developer shall have determined that the Title Insurer shall: (i) insure, for its fair market value, as applicable, marketable, fee simple title to the Office Parcel in the name of Developer, free of all Title Defects, other than those Title Defects that Developer is deemed to have waived pursuant to the terms and conditions of this Agreement; and (ii) issue such endorsements as Developer reasonably deems to be necessary or appropriate. Survey Conditions. On the Closing Date, Developer shall have determined that, upon recordation of the Plat, the Survey: (i) describes the perimeter of the Office Parcel, Garage Parcel and Hotel Parcel as single parcels without gaps, gores, or overlaps; (ii) shows no encroachments thereto; (iii) shows no Title Defects thereto; (iv) establishes that no part of the those parcels is located within: (A) a “flood hazard zone”, as shown on the applicable Federal Insurance Rate Map; or (B) a “floodway” or “flood plain”, as shown on the applicable Flood Control District Map; and (v) otherwise reasonably is acceptable to Developer. Prior to Closing, the Survey shall establish the precise legal description of: (A) the Office Parcel; (B) the Garage Parcel; (C) the Hotel Parcel; and (D) the ROW for purposes of title insurance and closing documents. Environmental Condition. As of expiration of the Diligence Period, Developer shall have determined that there: (i) is no contamination or pollution of the Project Site, or any groundwater thereunder by any hazardous waste, material, or substance in violation of any Laws; (ii) are no underground storage tanks located on the Project Site; and (iii) are no wetlands on the Project Site. Physical Condition. As of Closing Date, Developer shall have determined that no test, inspection, examination, study, or investigation of the Project Site establishes that there are conditions that would interfere materially with the construction and use of the Project, in accordance with the terms and conditions of thi...
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Conditions to Developer Obligations. Notwithstanding anything to the contrary set forth herein, the obligations of Developer with respect to each of the Projects and Closings are subject to the satisfaction or waiver in writing, of the following prior to the applicable period specified in this Section 7, each of which shall apply to the Closing for the Union Project and Crossing Project: Environmental Condition. Prior to expiration of the Diligence Period, Developer shall have conducted all industry standard Property Inspections concluding that there: (i) is no contamination or pollution of the Project Site, or any groundwater thereunder, by any hazardous waste, material, or substance in violation of any Laws, (ii) are no underground storage tanks located on the Project Site, and (iii) are no wetlands on the Project Site [▇. ▇▇▇▇▇▇?].
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Related to Conditions to Developer Obligations

  • Conditions to Obligations OF EACH PARTY TO EFFECT THE MERGER. The respective obligations of each party to this Agreement to effect the Merger shall be subject to the satisfaction at or prior to the Effective Time of the following conditions:

  • Conditions to ▇▇▇▇▇’▇ Obligations The obligations of ▇▇▇▇▇ hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by ▇▇▇▇▇ of a due diligence review satisfactory to ▇▇▇▇▇ in its reasonable judgment, and to the continuing satisfaction (or waiver by ▇▇▇▇▇ in its sole discretion) of the following additional conditions:

  • Conditions to Obligations of Company The obligation of Company to effect the Merger is also subject to the satisfaction or waiver by Company at or prior to the Effective Time of the following conditions:

  • Conditions to Obligation of Each Party to Effect the Merger. The respective obligations of each party to effect the Merger shall be subject to the satisfaction at or prior to the Effective Time of the following conditions:

  • Conditions to Obligations of Parent The obligation of Parent to effect the Merger is also subject to the satisfaction, or waiver by Parent, at or prior to the Effective Time, of the following conditions: