Common use of Prior Services Clause in Contracts

Prior Services. Owner acknowledges that Developer has, prior to the date hereof, performed substantial development services relating to the Project. Such services (the "Prior Services") have included the following. (A) Developer has located, negotiated and closed on the purchase of the Real Property. (B) Developer has made an application for Tax Credits to the Department. (C) Developer has negotiated, conferred and worked with the Department to obtain a reservation of Tax Credits for the Owner on the Project. (D) Developer has negotiated, conferred and worked with the Department to obtain an allocation of Tax Credits for the Owner on the Project. (E) Developer has negotiated and conferred with the environmental engineer to provide a full environmental evaluation of the Real Property. (F) Developer has negotiated and conferred with a market analyst to provide a full market feasibility study of the Project. (G) Developer has negotiated, conferred and caused the Owner to execute an architectural contract for the planning and design of the Project. (H) Developer has created, refined and analyzed the financial projections for the Project. (I) Developer has negotiated, conferred, and worked with the Project architects, engineers and Contractor with regard to preparation, refinement, and finalization of the plans and specifications for the Project, and projected construction schedules and costs. (J) Developer has applied for zoning approvals, land use approvals and development permits necessary for the Project, and has conferred and worked with the City of Memphis planning and building agencies with regard to such approvals and permits. (K) Developer has negotiated and conferred with the construction lender to obtain the construction loan. (L) Developer has negotiated and conferred with an insurance carrier to provide a builder's risk policy during construction. Developer hereby agrees to have performed the following development services for and as an agent of Owner.

Prior Services. Owner acknowledges that Developer has, prior to the date hereof, performed substantial development services relating to the Project. Such services (the "Prior Services") have included the following. (A) Developer has located, negotiated and closed on the purchase of the Real Property. (B) Developer has made an application for Tax Credits to the Department. (C) Developer has negotiated, conferred and worked with the Department to obtain a reservation of Tax Credits for the Owner on the Project. (D) Developer has negotiated, conferred and worked with the Department to obtain an allocation of Tax Credits for the Owner on the Project. (E) Developer has negotiated and conferred with the environmental engineer to provide a full environmental evaluation of the Real Property. (F) Developer has negotiated and conferred with a market analyst to provide a full market feasibility study of the Project. (G) Developer has negotiated, conferred and caused the Owner to execute an architectural contract for the planning and design of the Project. (H) Developer has created, refined and analyzed the financial projections for the Project. (I) Developer has negotiated, conferred, and worked with the Project architects, engineers and Contractor with regard to preparation, refinement, and finalization of the plans and specifications for the Project, and projected construction schedules and costs. (J) Developer has applied for zoning approvals, land use approvals and development permits necessary for the Project, and has conferred and worked with the City of West Memphis planning and building agencies with regard to such approvals and permits. (K) Developer has negotiated and conferred with the construction lender to obtain the construction loan. (L) Developer has negotiated and conferred with an insurance carrier to provide a builder's risk policy during construction. Developer hereby agrees to have performed the following development services for and as an agent of Owner.

Prior Services. Owner acknowledges that Developer has, prior to the date hereof, performed substantial development services relating to the Project. Such services (the "Prior Services") have included the following. (1) Services Rendered Prior to December 31, 1994. (A) Developer has located, negotiated and closed on the purchase of the Real Property. (B) Developer has made an application for Tax Credits to the Department. (C) Developer has negotiated, conferred and worked with the Department to obtain a reservation of Tax Credits for the Owner on the Project. (D) Developer has negotiated, conferred and worked with the Department to obtain an allocation of Tax Credits for the Owner on the Project. (E) Developer has negotiated and conferred with the environmental engineer to provide a full environmental evaluation of the Real Property. (F) Developer has negotiated and conferred with a market analyst to provide a full market feasibility study of the Project. (G) Developer has negotiated, conferred and caused the Owner to execute an architectural contract for the planning and design of the Project. (H) Developer has created, refined and analyzed the financial projections for the Project. (I) Developer has negotiated, conferred, and worked with the Project architects, engineers and Contractor with regard to preparation, refinement, and finalization of the plans and specifications for the Project, and projected construction schedules and costs. (J) Developer has applied for zoning approvals, land use approvals and development permits necessary for the Project, and has conferred and worked with the City of Memphis Oakland planning and building agencies with regard to such approvals and permits. (K) Developer has negotiated and conferred with the construction lender Construction Lender to obtain the construction loanConstruction Loan. (L) Developer has negotiated and conferred with an insurance carrier to provide a builder's risk policy during construction. Developer hereby agrees to have performed the following development services for and as an agent of Owner.