Development and Completion Guaranty definition

Development and Completion Guaranty is that guaranty, attached hereto as Exhibit E, to be executed by Guarantor, which shall bind the Guarantor to develop and otherwise construct the Project in the manner and within the time frames pursuant to the terms of this Agreement and the Declaration.
View Source

Examples of Development and Completion Guaranty in a sentence

  • The Development and Completion Guaranty shall be delivered to District no later than Closing.

  • As further assurance of the above and of the covenants contained in the Declaration, Developer shall cause the Development and Completion Guaranty to be executed by Guarantor on or before Closing.

  • In the event Developer fails to perform any of its obligation contained in these Covenants, the District may require the Guarantors, in accordance with the terms of the Development and Completion Guaranty, to perform Developer’s obligations.

  • In the event Developer fails to perform any of its obligations contained in these Covenants, the District may require the Guarantors, in accordance with the terms of the Development and Completion Guaranty, to perform Developer’s obligations.

  • By:_ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: President Exhibit A Property Description Exhibit B Deed Exhibit C Affordability Covenant Exhibit D Declaration of Covenants Exhibit E Letter of Credit Exhibit F Development and Completion Guaranty Exhibit G Schedule of Performance Exhibit H Schedule of Affordable Units For the purpose of evidencing their consent and agreement to be bound to the provisions in this Agreement applicable to the Guarantor, Manna, Inc.

  • The Person designated by Developer as Guarantor, or any substitute therefor, shall execute the Development and Completion Guaranty required pursuant to this Agreement.

  • District, in the exercise of its sole and absolute discretion, may acknowledge that the obligation of Guarantor to provide the Development and Completion Guaranty hereunder may be satisfied by the delivery by Guarantor of a guaranty of development and completion to the primary Institutional Lender, with District named as a beneficiary thereunder, which guaranty of development and completion must be acceptable to District in its reasonable discretion.

  • The Development and Completion Guaranty shall comply in all material respects with the terms of the form of Development and Completion Guaranty attached hereto as Exhibit K.

  • After Closing, Developer shall be permitted to modify the Final Project Budget and Funding Plan with District’s approval, as may be reasonably necessary to construct the Improvements in accordance with the Approved Construction Drawings, provided that the Development and Completion Guaranty remains in full force and effect and Developer notifies District of such modifications in accordance with the Construction and Use Covenant.

  • As further assurance of the above and of the covenants contained in the Construction and Use Covenant, Developer shall cause the Development and Completion Guaranty to be executed by Guarantor on or before Closing.

Related to Development and Completion Guaranty

  • Completion Guaranty means the Completion Guaranty of even date herewith executed by Guarantor in favor of Lender in connection with the Capital Improvement Work and the Loan, as amended from time to time.

  • Development Agreements means all development, utility or similar agreements included in the Permitted Encumbrances.

  • Development Agreement has the meaning set forth in the Recitals.

  • Development Project means a project for the development of land within a

  • CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule