Common use of Notice to the Development Entity Clause in Contracts

Notice to the Development Entity. If Section 25.1 (Right to Step-in) applies and the Department wishes to take action, the Department shall notify the Development Entity in writing of the following: (a) the action it wishes to take; (b) the reason for such action; (c) the date it wishes to commence such action; (d) the time period which it believes will be necessary for such action; and (e) to the extent practicable, the effect on the Development Entity and its obligation to carry out the Project Services during the period such action is being taken;

Notice to the Development Entity. If Section 25.1 (Right to Step-in) applies and the Department wishes to take action, the Department shall notify the Development Entity in writing of the following: (a) the action it wishes to take; (b) the reason for such action; (c) the date it wishes to commence such action; (d) the time period which it believes will be necessary for such action; and (e) to the extent practicable, the effect on the Development Entity and its obligation to carry out the Project Services Works during the period such action is being taken;