Common use of Project Phasing Clause in Contracts

Project Phasing. The Parties acknowledge that uncertainties associated with market conditions, availability of financing, and other factors, may alter Developer's ability to construct the Project within the Term of this Agreement. Notwithstanding this possibility, to assure City that the Project will be developed within a reasonable time period, Developer shall complete each Phase in accordance with the Phasing Plan set forth below.

Project Phasing. 11.1 The Parties parties acknowledge that uncertainties associated with market conditions, availability of financing, and other factors, factors may alter the timing of Developer's ’s ability to construct the Project within the Term of this AgreementProject. Notwithstanding this possibility, to assure City that the Project will be developed within a reasonable time periodAfter annexation, Developer shall use all reasonable efforts to provide District with a phasing plan in order to assist District in its planning and Developer shall then use commercially reasonable efforts to substantially complete each Phase phase of the Project in accordance with the Phasing Plan set forth belowphasing plan.