Development Agreement For Construction Pdf

16.2. In the event of acts of God, war, war such as conditions, blockade, embargoes, insurrection, mobilization, government instructions and persons, or intervention of civil, naval or military authorities or other government authorities, riots, unrest, sabotage, plagues or other quarantine epidemics, fire, floods, typhoons, trains, cyclones, tidal waves, landslides, earthquakes, lightning strikes, persistent energy failure or change in the law, court order (with respect to facts other than title and other insurance and guarantees, as the owner did with respect to the lessor), revocation of authorizations, consents, cancellation of non-objection certificate issues, licences issued by the government or the competent authority for reasons not attributable to the parties , and other circumstances that have led to the evolution of serious damage and/or destruction of major repairs that have led to closure for more than thirty (30) days or any other cause outside the control of the landlord and tenant, emergency or such measures outside the parties. The landlord and tenant are not responsible for a delay in the performance of their obligations or any other fault in the performance of this resulting contract. 15.1 The parties agree and acknowledge that the owner pays the costs and ensures that the entire building consisting at any time during this contract is covered at any time against all risks, including, loss or deterioration of the bare Shell subsystem company`s structure and content related to force majeure events and other risks and victims that, as far as similarness are concerned, are covered at full replacement value, including responsible and respected insurance companies, in accordance with existing legislation. g. They have not reached any agreement on the construction, operation, execution, operation, management or development of the hotel with third parties who are still involved. 4.2 The owner and the developer expressly accept that they are responsible for obtaining all the authorizations, licences, permits, sanctions, objections, etc., necessary for the construction of the land, as well as any delay in the commissioning of the one that is not attributable to the taker and which can be taken into account at the beginning of the rent. you. That they maintain and insure, during the duration of this contract and then during the lease conditions, the structure under construction of Bare Shell, against all events of force majeure and against all other risks and losses normally insured for the complete replacement value with respect to the shell of the same nature in construction, with responsible and prestigious insurance companies. The owner and the developer compensate and withhold the tenant for all the consequences and debts arising from the joint development agreement/agreement between the owner and the developer and the property taker, except to the extent that his interest in renting the object agreed in the agreement is protected.