Common use of Critical Dates Clause in Contracts

Critical Dates. Time is of the essence with respect to the performance of all of the City’s Critical Date Obligations (as defined in Section 8.8 below). The City shall use commercially reasonable efforts to satisfy each Critical Date Obligation under this Agreement by the applicable Critical Date therefor. Promptly after learning of an event that may result in the City being unable to complete a Critical Date Obligation under this Agreement by the applicable Critical Date therefor, the City shall provide written notice thereof to ▇▇▇▇, and the Parties will negotiate a reasonable adjustment to the applicable Critical Date.

Appears in 2 contracts

Sources: Development Agreement, Development Agreement

Critical Dates. Time is of the essence with respect to the performance of all of the City’s Critical Date Obligations (as defined in Section 8.8 8.9 below). The City shall use commercially reasonable efforts to satisfy each Critical Date Obligation under this Agreement by the applicable Critical Date therefor. Promptly after learning of an event that may result in the City being unable to complete a Critical Date Obligation under this Agreement by the applicable Critical Date therefor, the City shall provide written notice thereof to ▇▇▇▇, and the Parties will negotiate a reasonable adjustment to the applicable Critical Date.

Appears in 1 contract

Sources: Development Agreement