Common use of Approval Status Clause in Contracts

Approval Status. VBCPS has included the related replacement school projects as part of its Capital Improvement Program. Accordingly, this Agreement is not, and is not intended to be, evidence of any such approval, or a promise or assurance that VBCPS will approve the Project, or that VBCPS will approve Developer; any Developer Principal; any Developer employee, manager, member, officer, owner, or principal; any entity in which Developer (or any Developer affiliate, manager, member, officer, owner, or principal) is a member or owner; any member of Developer's Project Team; or any other person or party, will be approved as the Project developer. Moreover, VBCPS is not obligated, and will not be obligated, to provide such approval, or to enter into a Comprehensive Agreement (as that term is used under the PPEA and the Guidelines), another interim agreement, a partnership or joint venture agreement, or any other form of contract, arrangement or relationship with Developer; any Developer Principal; any Developer employee, manager, member, officer, owner, or principal; any entity in which Developer (or any Developer affiliate, manager, member, officer, owner, or principal) is a member or owner; any member of Developer's Project Team; or any other person or party with respect to the Project (or any other project), the Project developer, or for any other purpose. Developer has submitted the Proposal, has entered into the engagement evidenced by this Agreement, and will contribute to the evaluation process of the Project at its own risk and cost, except for its rights to compensation expressly set out in this Agreement. Moreover, should further negotiations in respect of the Project, or the Project developer (including any as to an amendment of this Agreement, or as to any possible Comprehensive Agreement for the Proposed Project) occur involving VBCPS, or any representative of VBCPS, or the School Board of VBCPS and Developer; any Developer Principal; any Developer employee, manager, member, officer, owner, or principal; any entity in which Developer (or any Developer affiliate, manager, member, officer, owner, or principal) is a member or owner; any member of Developer's Project Team; or any other person or party, VBCPS is not, and will not be, obligated to complete or continue those negotiations, and VBCPS may terminate any of those negotiations, as well as its evaluation of the Project, for any reason, or for no reason, in its sole discretion without liability, except for compensation expressly provided under this Agreement that may have been earned, and therefore due and payable, on or before such termination. The approval of the Project, any Project developer, and any further contract, arrangement, or relationship as to the Project, requires approvals from the School Board of Virginia Beach City Public Schools and the City of Virginia Beach.‌

Approval Status. VBCPS has included The City is still evaluating whether to approve the related replacement school projects Project as part of its Capital Improvement Program. Accordingly, this Agreement is and the MEB Interim Agreement are not, and is are not intended to be, evidence of any such approval, or a promise or assurance that VBCPS the City will approve the Project, or that VBCPS the City will approve DeveloperManager; any Developer Manager Principal; any Developer Manager employee, manager, member, officer, owner, or principal; any entity in which Developer Manager (or any Developer Manager affiliate, manager, member, officer, owner, or principal) is a member or owner; any member of Developer's Manager’s Project Team; or any other person or party, will be approved as the Project developerManager. Moreover, VBCPS the City is not obligated, and will not be obligated, to provide such approval, or to enter into a Comprehensive Agreement (as that term is used under the PPEA and the Guidelines), another interim agreement, a partnership or joint venture agreement, or any other form of contract, arrangement or relationship with DeveloperManager; any Developer Manager Principal; any Developer Manager employee, manager, member, officer, owner, or principal; any entity in which Developer Manager (or any Developer Manager affiliate, manager, member, officer, owner, or principal) is a member or owner; any member of Developer's Manager’s Project Team; or any other person or party with respect to the Project (or any other project), the VIRGINIA BEACH SPORTS CENTER CIP 0-000 XXXX RFQ for the City of Virginia Beach Project developerManager, or for any other purpose. Developer Manager has submitted the Proposal, has entered into the engagement evidenced by this Agreement, and will contribute to the evaluation process of the Project at its own risk and cost, except for its rights to compensation expressly set out in this Agreement. Moreover, should further negotiations in respect of the Project, or the Project developer Manager (including any as to an amendment of this Agreement, or as to any possible Comprehensive Agreement for the Proposed Project) occur involving VBCPSthe City, or any representative of VBCPSthe City, or the School Board government of VBCPS the City and DeveloperManager; any Developer Manager Principal; any Developer Manager employee, manager, member, officer, owner, or principal; any entity in which Developer Manager (or any Developer Manager affiliate, manager, member, officer, owner, or principal) is a member or owner; any member of Developer's Manager’s Project Team; or any other person or party, VBCPS the City is not, and will not be, obligated to complete or continue those negotiations, and VBCPS the City may terminate any of those negotiations, as well as its evaluation of the Project, for any reason, or for no reason, in its sole discretion without liability, except for compensation expressly provided under this Agreement that may have been earned, and therefore due and payable, on or before such termination. The approval of the Project, any Project developerManager, and any further contract, arrangement, arrangement or relationship as to the Project, requires approvals from the School Board passage of Virginia Beach City Public Schools and a binding resolution by the City Council of Virginia Beach.‌the City.

Approval Status. VBCPS has included The City is still evaluating whether to approve the related replacement school projects Project as part of its Capital Improvement Program. Accordingly, this Agreement is not, and is not intended to be, evidence of any such approval, or a promise or assurance that VBCPS the City will approve the Project, or that VBCPS the City will approve Developer; any Developer Principal; any Developer employee, manager, member, officer, owner, or principal; any entity in which Developer (or any Developer affiliate, manager, member, officer, owner, or principal) is a member or owner; any member of Developer's ’s Project Team; or any other person or party, will be approved as the Project developer. Moreover, VBCPS the City is not obligated, and will not be obligated, to provide such approval, or to enter into a Comprehensive Agreement (as that term is used under the PPEA and the Guidelines), another interim agreement, a partnership or joint venture agreement, or any other form of contract, arrangement or relationship with Developer; any Developer Principal; any Developer employee, manager, member, officer, owner, or principal; any entity in which Developer (or any Developer affiliate, manager, member, officer, owner, or principal) is a member or owner; any member of Developer's ’s Project Team; or any other person or party with respect to the Project (or any other project), the Project developer, or for any other purpose. Developer has submitted the Proposal, has entered into the engagement evidenced by this Agreement, and will contribute to the evaluation process of the Project at its own risk and cost, except for its rights to compensation expressly set out in this Agreement. Moreover, should further negotiations in respect of the Project, or the Project developer (including any as to an amendment of this Agreement, or as to any possible Comprehensive Agreement for the Proposed Project) occur involving VBCPSthe City, or any representative of VBCPSthe City, or the School Board government of VBCPS the City and Developer; any Developer Principal; any Developer employee, manager, member, officer, owner, or principal; any entity in which Developer (or any Developer affiliate, manager, member, officer, owner, or principal) is a member or owner; any member of Developer's ’s Project Team; or any other person or party, VBCPS the City is not, and will not be, obligated to complete or continue those negotiations, and VBCPS the City may terminate any of those negotiations, as well as its evaluation of the Project, for any reason, or for no reason, in its sole discretion without liability, except for compensation expressly provided under this Agreement that may have been earned, and therefore due and payable, on or before such termination. The approval of the Project, any Project developer, and any further contract, arrangement, arrangement or relationship as to the Project, requires approvals from the School Board passage of Virginia Beach City Public Schools and a binding resolution by the City Council of Virginia Beach.‌the City.