Common use of Action to Terminate Clause in Contracts

Action to Terminate. Termination of this Agreement pursuant to Section 5.1 must be accomplished by written notification by the Developer to the City within sixty (60) days after the date when such option to terminate may first be exercised. A failure by the Developer to terminate this Agreement within such period constitutes a waiver by the Developer of its rights to terminate this Agreement due to such occurrence or event.

Appears in 8 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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Action to Terminate. Termination of this Agreement pursuant to Section 5.1 must be accomplished by written notification by the Developer to the City EDA within sixty (60) days after the date when such option to terminate may first be exercised. A failure by the Developer to terminate this Agreement within such period constitutes a waiver by the Developer of its rights to terminate this Agreement due to such occurrence or event.

Appears in 6 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

Action to Terminate. Termination of this Agreement pursuant to Section 5.1 must be accomplished by written notification by the Developer to the City Authority within sixty (60) days after the date when such option to terminate may first be exercised. A failure by the Developer to terminate this Agreement within such period constitutes a waiver by the Developer of its rights to terminate this Agreement due to such occurrence or event.

Appears in 1 contract

Samples: Development Assistance Agreement

Action to Terminate. Termination of this Agreement pursuant to Section 5.1 6.1 must be accomplished by written notification by the Developer to the City EDA within sixty thirty (6030) days after the date when such option to terminate may first be exercised. A failure by the Developer to terminate this Agreement within such period constitutes a waiver by the Developer of its rights to terminate this Agreement due to such occurrence or event.

Appears in 1 contract

Samples: Development Agreement

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Action to Terminate. Termination of this Agreement pursuant to Section 5.1 6.1 must be accomplished by written notification by the Developer to the City within sixty thirty (6030) days after the date when such option to terminate may first be exercised. A failure by the Developer to terminate this Agreement within such period constitutes a waiver by the Developer of its rights to terminate this Agreement due to such occurrence or event.

Appears in 1 contract

Samples: Development Agreements

Action to Terminate. Termination of this Agreement pursuant to Section 5.1 must be accomplished by written notification by the Developer to the City within sixty (60) days after the date when such option to terminate may first be exercised. A failure by the Developer to terminate this Agreement within such period constitutes a waiver by the Developer of its their rights to terminate this Agreement due to such occurrence or event.event.‌

Appears in 1 contract

Samples: Development Agreement

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