Common use of Cessation of Rights and Obligations Clause in Contracts

Cessation of Rights and Obligations. If this Agreement is terminated by the City pursuant to and in accordance with Section 11.4, the rights, duties and obligations of the Parties under this Agreement shall cease as of the date of such termination, except only for those rights and obligations that expressly survive the termination of this Agreement. In such event, any and all benefits, including money received by the City prior to the date of termination, shall be retained by the City.

Appears in 25 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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Cessation of Rights and Obligations. If this Agreement is terminated by the City pursuant to and in accordance with Section 11.4on account of a Default, the rights, duties and obligations of the Parties under this Agreement parties hereunder shall cease as of the date of such termination, termination except only for those rights and obligations that expressly survive the termination of as otherwise provided in this Agreement. In such eventIf the City is the terminating party, then any and all benefits, including money received by the City prior to the date of terminationCity, shall be retained by the City.

Appears in 3 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

Cessation of Rights and Obligations. If this Agreement is terminated by the City pursuant to and in accordance with Section 11.4, the rights, duties and obligations of the Parties under this Agreement shall cease as of the date of such termination, except only for those rights and obligations that expressly survive the termination of this Agreement. In such event, any and all benefits, including money received by the City prior to the date of termination, shall be retained by the City.City.‌

Appears in 1 contract

Samples: Development Agreement

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Cessation of Rights and Obligations. If this Agreement is terminated by the City City, in whole or in part, pursuant to and in accordance with Section 11.411.4 above, the rights, duties and obligations of the Parties City and the affected Developer(s) under this Agreement shall cease as of the date of such termination, termination except only for those rights and obligations that expressly survive the termination of this Agreement. In such event, any and all benefits, including money received by the City prior to the date of termination, termination shall be retained by the City.

Appears in 1 contract

Samples: Development Agreement

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