Secured Improvements definition
Examples of Secured Improvements in a sentence
The "Secured Improvements" shall mean the utility installations, lighting, landscaping, parking, snow storage areas, and other improvements for which security is to be provided in accordance with this Agreement.
Developer warrants that the Secured Improvements will be installed in a good and workmanlike manner and in substantial compliance with the Development Plans and requirements of this Agreement and shall be substantially free of defects in materials and workmanship.
These warranties of Developer, and the security provided for the Secured Improvements shall remain in force and effect as to any completed Secured Improvements until the lapse of one (1) year after preliminary acceptance of the Secured Improvements, and until final acceptance of such Improvements as provided in the Fraser subdivision regulations.
In the event that the Financial Institution provides the above-notice of its intent not to renew the Financial Security, the Township may draw upon the Financial Security to secure the completion of the remaining Secured Improvements, unless the Developer provides substitute Financial Security acceptable to the Township at least forty-five (45) days prior to the date of expiration of the then effective Financial Security.
The Secured Improvements are listed, together with the estimated costs thereof, on Exhibit A attached hereto.
The Fraser building regulations, as contained in Chapter 18 of the Fraser Municipal Code, as such regulations may be amended from time to time by ▇▇▇▇▇▇, shall govern with respect to the inspection and acceptance of those improvements depicted on the Development Plans other than the Secured Improvements.
After all the Secured Improvements have been completed fully in accordance with the Developer Agreement to the satisfaction of the Township, and after all the provisions of the Developer Agreement and this Financial Security Agreement have been satisfied fully by Developer (including the payment of all costs, expenses and fees for which Developer is responsible under both said agreements), Township shall authorize the Financial Institution in writing to release the balance of the Financial Security.
The Developer shall cause all public and private improvements depicted on the Development Plans, including but not limited to the Secured Improvements, to be constructed and completed, at its expense, in accordance with the land use approval, the Development Plans, the Town of Fraser design and construction standards (Refer to Chapter 14 of the Fraser Municipal Code), and any other applicable regulations of Fraser.
The Financial Security shall provide for and secure to the public, as represented by the Township, the completion, on or before the Completion Date, of the Secured Improvements in accordance with and pursuant to the terms and conditions of this Agreement, and shall further guarantee the performance of the other obligations of Developer under this Agreement and the Financial Security Agreement.
For purposes of the Lease and this Tenant Work Letter, the "Equipment Security Interest" shall mean a security interest (benefiting Construction Lender) in that certain equipment being installed into the Premises as part the Tenant Improvements which is specifically identified on Schedule 2, attached hereto (the "Secured Improvements").