Common use of Development Bonds Clause in Contracts

Development Bonds. No Member shall be required to obtain any Bonds in its own name or in the name of any of its Affiliates. As used herein “Bonds” means any development, improvement and/or related surety bonds required in connection with the acquisition, improvement and/or development of the Property.

Development Bonds. No Member shall be required to obtain any Bonds in its own name or in the name of any of its Affiliates. As used herein “Bonds” means any development, improvement and/or related surety bonds required in connection with the acquisition, improvement and/or development of the Property.. 37