COSTS, SECURITY, AND BREACH Responsibility for Costs Clause Samples

COSTS, SECURITY, AND BREACH Responsibility for Costs. The Developer agrees to pay the Town for all costs the Town incurs, including those costs estimated to be incurred in the event of Developer’s default, connected with processing and approving the Subdivision as well as overseeing the construction of the Improvements. The costs for which the Developer are responsible include, but are not limited to, all administrative, legal (including costs related to the negotiation and drafting of this Agreement), planning, engineering, inspections, and recording costs. The Town shall reimburse itself from the cash the Developer is required to escrow with the Town as Security. If it appears the Town’s actual costs will exceed the amount of the escrow, the Developer and Town shall review the costs required to complete the Improvements and the Developer shall deposit such additional sums in escrow as the Town determines are necessary. The Town will notify the Developer in writing of the need to place additional funds in escrow, indicate the amount of the additional escrow required, and the Developer shall provide the Town the additional cash escrow within thirty (30) days of the date of the notice. The Town will not accept any Improvements or grant any additional approvals related to the Subdivision until the Developer has satisfied all financial obligations required by this Agreement, including the reimbursement of the Town’s costs.
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Related to COSTS, SECURITY, AND BREACH Responsibility for Costs

  • Responsibility for Costs The Servicer is responsible for collection from such Borrower of any recording or similar costs or expenses incidental to the granting of relief with respect to a delinquent Mortgage Loan.

  • Responsibility for Damages Contractor is responsible for all damage that occurs as a result of Contractor’s fault or negligence or that of its’ employees, agents, or representatives in connection with the performance of this Contract. Contractor shall immediately report any such damage to people and/or property to the Contract Administrator.

  • Responsibility for Damage Resident is solely responsible for any damage, defacement or loss arising within the assigned bedroom space. All assigned residents of an apartment are jointly and severally responsible for any damage, defacement or loss to common areas, other parts of the Property, fixtures or appliances, except for the portion of damages over $100,000 where it is finally established that Resident or one or more other residents of the apartment were solely at fault for the entire loss, in which case such person(s) will be solely responsible. Resident is fully responsible for the conduct of Resident’s guests, visitors, licensees and invitees (“Guests”), including without limitation harm to individuals or damage or defacement of any part of the Property or its fixtures or property of third parties (including other residents) by such Guests.

  • Responsibility for Content Vendor is solely responsible for administration, content, intellectual property rights, and all materials at Vendor’s website. DIR reserves the right to require a change of listed content if, in the opinion of DIR, it does not adequately represent the Contract.

  • Responsibility for Collateral The Debtors assume all liabilities and responsibility in connection with all Collateral, and the Obligations shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason. Without limiting the generality of the foregoing, (a) neither the Agent nor any Secured Party (i) has any duty (either before or after an Event of Default) to collect any amounts in respect of the Collateral or to preserve any rights relating to the Collateral, or (ii) has any obligation to clean-up or otherwise prepare the Collateral for sale, and (b) each Debtor shall remain obligated and liable under each contract or agreement included in the Collateral to be observed or performed by such Debtor thereunder. Neither the Agent nor any Secured Party shall have any obligation or liability under any such contract or agreement by reason of or arising out of this Agreement or the receipt by the Agent or any Secured Party of any payment relating to any of the Collateral, nor shall the Agent or any Secured Party be obligated in any manner to perform any of the obligations of any Debtor under or pursuant to any such contract or agreement, to make inquiry as to the nature or sufficiency of any payment received by the Agent or any Secured Party in respect of the Collateral or as to the sufficiency of any performance by any party under any such contract or agreement, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to the Agent or to which the Agent or any Secured Party may be entitled at any time or times.